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Crypto gaming franchise Super Champs is scheduled to launch its token CHAMP on Coinbase’s Ethereum layer-2 network Base on Wednesday, November 20 at 7am UTC.
Super Champs is an anime-inspired mobile gaming franchise with two games out so far, as well as an NFT collection, a comic book, and more. Its first mobile game was Racket Rampage, a tennis-inspired action role-playing game, which was followed by battle royale shooter Bullet League.
CHAMP is set to become the primary currency used for purchasing Super Champs assets such as NFTs, cosmetics, and subscriptions. It will also be used in season-based rewards programs within the franchise.
The $CHAMP token will launch on Base on Nov 20th, 7 AM UTC ⚡
In the past few months, pioneering projects have moved away from high FDV, low float approaches to community fair launch models.
Today, we’re excited to announce that $CHAMP is joining this movement 👇 pic.twitter.com/kO4xVITTJ4
— Super Champs (@SuperChampsHQ) November 16, 2024
Super Champs is already in season two of its rewards program, where players are incentivized to complete game quests and social tasks to earn points. These points will then help dictate how many CHAMP tokens the player will receive in a future airdrop.
Of the 1 billion token supply, 30% is allocated for community rewards (i.e. for NFT holders, token stakers, and reward programs) as well as 30% for ecosystem development. A further 20.5% will also be given to those who invested in the Super Champs Universe through Joyride Games, and 8% will be provided for liquidity.
These allocations will start to unlock on November 20, according to the Super Champs white paper, and will take 60 months to be fully released. A final 11.5% is set to be held back for a number of months for Super Champs team members and contributors.
CHAMP is also planned to be a governance token, however, exactly how this will manifest is unclear. It is likely that token holders will be able to vote on proposals for the Super Champs ecosystem in some kind of decentralized autonomous organization (DAO).
Decentralized exchange Aerodrome is a partner for the upcoming token launch, likely meaning that it will be the first place that users will be able to purchase CHAMP.
Edited by Andrew Hayward