CheersLand propelling build-to-earn model in blockchain gaming

CheersLand is a GameFi universe that is expandable and players can monetize their gaming experiences, skills and networks. The CheersLand ecosystem is made up of a Multi-game Universe, a Non-Fungible Token (NFT) Market, a Multi-asset Staking Platform, a Ranking List etc. The platform is driven in two modes: the play-to-earn mode and the build-to-earn mode. 

Gamers in CheersLand can earn rewards by being skilful in their gameplay and contributing their time and effort to the ecosystem. This is a model that has proven to be a success with games like Axie Infinity and My Neighbor Alice amongst many other games. In the build-to-earn mode, game builders will be able to use the CheersLand API to create their games in the CheersLand Universe. This model will inspire builders to earn rewards by improving and expanding the game scenery on CheersLand. 

There’s a leaderboard that ranks gamers based on their performance every week. A snapshot of the ranking is taken every week and players who rank on it are rewarded. Gamers are rewarded with weekly prizes which include but are not limited to:

The Vision

CheersLand hopes to use GameFi in creating a more cheerful world. A world where there is an increased number of economic opportunities is going to make a significant difference. With this goal in mind, CheersLand is hoping to introduce millions of internet uses to blockchain technology through the CheersLand platform. 

Initial Gaming Offering 

These are the gamified launchpads for startups in the CheersLand ecosystem. This will provide a portion for allocations of startups to gamers on the ranking list. Gamers are free to carry out transactions of in-game items on the NFT Marketplace on CheersLand. 

This means that the IGO and the Marketplace will provide CheersLand with an expendable GameFi scene. To add to this, other games on the CheersLand platform will adopt the same model as CheersLand and will continue to help gamers earn income. 

CHEERS Tokenomics

$CHEERS is the utility token of CheersLand. The token binds every aspect of the CheersLand ecosystem together and is the currency every single transaction is carried in. Holders of CHEERS can stake their tokens, build games, play games, take part in key governance decisions on the platform, participate in Initial Gaming Offering (IGO) and receive rewards. 

Some key use cases of CHEERS are:

Token Allocation & Unlocking Schedule 

Private Sale (16%) — 15% unlocked at TGE, and 8.5% will be unlocked every week thereafter. 

Ecosystem Incentives (15%) — 25% will be released every year according to the incentive plans for flexible release. 

Team (12%) — Locked for 12 months and then 12.5% is released every quarter. 

Play to Earn (10%) — Locked for 3 months and then 5% is released every quarter 

Marketing (10%) — 10% will be unlocked within 2 months after TGE, and then linearly over 60 months. 

Ecosystem Grants (10) — Locked for 6 months, then 12.5% will be released every 6 months thereafter.

Advisors (7%) — Locked for 6 months, then 20% will be released every quarter. 

Seed Round (6%) — 10% will be unlocked during TGE and 10% will be unlocked every month thereafter. 

Public Sale (5%) — 25% will be unlocked during TGE and 25% will be unlocked every 2 weeks thereafter.

Build to Earn (5%) — Locked for 6 months, then 5% will be released every quarter. 

Liquidity Provision (2%) — Unlocked according to liquidity needs and plans while listing on DEX/CEX for flexible release. 

Initial Game Offering (1%) — Locked for 1 month after TGE, then 20% is released every month. 

Founding Community (1%) — Locked for one month after TGE and 12.5% will be unlocked every month thereafter. 

​Q4 2021