Chia Coin Finance Presale (ILO) Review

Teamstokenomics and technical reviews about the Chia Coin Finance $CHIA project are in this article.

They describe themselves:

Think of Chia as a fair universal currency for the people. Everywhere. It is not a meme currency like Doge, Shiba, or Cardano. 

Launchpad AMM: Pancakeswap


Disclaimer

Pre-Sale has some risks. Like minting, proxies and developer abandonment. Please DYOR (do your own research)


tokenomics
Liquidity Lock % 50 BNB raised liquidity lock
Lock duration: 3 months
ParticipationOpen to anyone
Softcap5 BNB
Hardcap500 BNB
Max Spend per Account20 BNB
Presale Price132.000 CHIA / per BNB
Listing Price118.800 CHIA / per BNB
Audit
KYC
StartMon 26 Apr 00:59
EndThu 29 Apr 12:00

Total supply: 100.000.000 CHIA

CHIA’s links:

it is good

  • % 50 BNB raised liquidity
  • %95 Tokenomics.
  • Small dev. wallet
  • Presale price is lower than listing price.

it is not good

  • No KYC
  • No audit
  • 3 months liquidity lock time

About the team

  • Anonymous

From White Paper

There isn’t a White Paper. According to their website:

  • Chia – deflationary, auto-mining token on Binance Smart Chain.
  • Chia works through a dynamic burn rate of [5 to 10%], which is applied at each Buy/Sell order. The burn rate will change depending on the total supply traded in the current ChiaCycle. For every 1,000,000 $CHIA traded, the fee will move up one increment until it reaches the cap at 10%, which will apply after 14,000,000 $CHIA has been traded.
  • Rebase means 50% of the tokens burned throughout the current cycle will be rebased to holders as positive rebase. By doing that, the protocol ensures only positive rebases on an otherwise fully deflationary protocol.

%50 BNB raised liquidity rate is good but not enough. 3 months lock time is very short. Small dev. wallet(%3.6) is good.

The project hasn’t a official Twitter account(I can’t find), only Telegram group. And it hasn’t a logo, only name. It seems that the tema didn’t work enough on project.

They say: “Think of Chia as a fair universal currency for the people”. When I examine the project, I can say that their goals are too big, but they are not working enough.

Presale ended.

18 BNB raised. softcap 5 BNB. Success

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