TigerChi in the know — October Newsletter

Dear Tigerfam

Another month has passed quickly. October seems quieter than usual because of the market sentiment and also lots of work behind the scenes at TigerChi. We are going to share with you a few plans we made for the near future.

1. CHI Token Launch

After some preparation, now we are ready to launch our token. We initially wanted to build a discord bot for tipping and a website for raffle; however, things happened unexpectedly to our devs so we paused the plan for the moment. We will be using Rafflebees for our raffles after the token launch and we are actively seeking opportunities to work with other ecosystem partners.

For the token launch, the plan is as follows:

CHI token drop plan

Initial Drop

V1 TigerChi

V2 Wushu TigerChi

  • For Warrior & Master: 1 overall rank score = 1 CHI
  • For most warriors (default overall ranking), you will get 5 CHI

For Special collection holders

For Apprentice Tiger Holders

Please note, our initial drop of tokens quantity is higher than weekly staking program which is outlined as below:

On-going staking program: (for unlisted NFTs)

  • v2 Tiger: 5 CHI/Weekly
  • Special Tiger: 3 CHI/Weekly
  • Apprentice: 2 CHI/Weekly

On-going extra token drop plan:

When you earn overall ranking points, you earn CHI accordingly

Token Utility:

  • Swapping for new collection NFTs or customised NFTs
  • Swapping for merch

We are actively working with partners to offer more utility for our token and NFTs.

Key things to remember:

CHI token asset ID to opt in: 864699877

Follow this link to opt in asset: https://www.randgallery.com/algo-collection/?address=864699877

Initial drop snapshot date: Nov 11th

(Only unlisted Tigers will receive initial token drop)

Weekly staking token drop: Date TBD

2. Worldcup football TigerChi

We will release a collection in celebration of the World Cup, which is a major event for both football fans and Algorand! TCC wants to share exciting moments with our community and people outside of Algorand. The football collection will serve this multi collaboration effort.

Currently we are considering a free drop to our active community members, swapping extra using our CHI tokens etc. We will share more details when dates are closer.

3. Extension of V2 phase 1

Initially we wanted to complete V2 phase 1 by Dec 1st. Due to all the new plans we outlined (especially the preparation of the Football Tigerchi collection), it is not possible to complete the original plan as scheduled. Therefore, we propose the following new dates:

  • Phase 2 for Top 3 Tigers to April 1st, 2023

The new timeframe will give our artist enough time to finish the high quality artwork.

4. Pause on upgrading for Grandmasters and Masters

Due to the tight schedule for World cup collection, we would pause upgrading to Grandmaster and Masters for the next two weeks. The activity will resume once we complete the Football collection.

We hope you are as excited as us for a new chapter in our community development.

Thank you for your continued support!

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Tian T

Founder of 1circle, Chinese community on Algorand. Project lead for TigerChi NFT project