BSClaunch Research: An in-depth overview about Chair Finance

Key Metrics

• Ticker: BNCH
• Blockchain Network: Polygon & BSC
• Token Supply: 70,000,000 BNCH
• Project Valuation: (Initial Full Diluted): 70,000,000 $
• Initial Token Circulation: 878,500 BNCH
• Initial Market Cap: 878,500 $
• Platform Raise: 60,000 $

I. PROJECT OVERVIEW:

CHAIR is the world’s first decentralized NFT trading platform for rights and benefits. Art is over-represented in the current NFT industry. 90% of NFTs should be financial assets, digital identities, and rights in the future. As the first DEX for utility NFTs, Chair has set a precedent for exploration in this field.

II. GO-TO-MARKET STRATEGY

Provide 200,000 USDT for joint NFT asset marketing campaigns with 100+ good-quality projects since August;

Provide $1 million for the in-game asset NFT store to build a Gaming ecosystem from October. The goal of the initiative is to support and invest in good-quality Gaming projects. The store will integrate Chair’s global internet traffic on its exchange platform to help Gaming projects with the marketing of their in-game asset NFTs.

Get in touch with some KOLs, financial media, and platforms to post our promotional articles.

We will hold plenty of activities. For example, we have “Chair Auction Master” to encourage users to take part in auctions on Chair. This campaign will last for 45 days when all tokens put into auctions will be locked up, making sure only a small number of tokens will be circulated. We will also launch a program called “Build Your Planet” in the next phase.

III. PRODUCT VIABILITY

Art is over-represented in the current NFT industry. 90% of NFTs should be financial assets, digital identities, and rights in the future. As the first DEX for utility NFTs, Chair has set a precedent for exploration in this field.

Rights and benefits of high liquidity are tokenized into NFTs on Chair, which launches products such as auction and deposit, auction and mining, auction, and dividends for the first time in the industry. Chair platform tokens are tokenized into NFTs to improve the liquidity of Chair assets significantly.

Chair can also integrate the internet traffic of different projects to bring significantly more substantial influence, which can benefit these projects in return.

IV. PRODUCT ROADMAP

V. PRODUCT DIVE

NFT minting: NFT creators can receive royalties from all future transactions on Chair.

NFT trading: Users can earn rewards by trading NFT and improving its circulation on Chair.

NFT auction: Bidders who don’t win an auction can receive a certain ratio of the auction’s winning price as the dividends, while the winning bidder can get the auction item.

BYP (Build Your Planet) Program: users can participate in auction of stellar systems, planet building, and interstellar energy mining.

VI. REVENUE STREAMS

Phase 1.0: Start the NFT 2.0 Era
- NFT transaction fee
- Rights & Benefits NFTs sales revenue
- INO commission

Phase 2.0: Gaming BYP
- Planet auction
- The sales revenue of NFTs in BYP
- Sharing a certain ratio of KOL proceedings from BYP

Phase 3.0: The entrance to the Metaverse
- Service fee of project owners
- Revenue generating from the great internet traffic of the platform
- Advertising costs

VII. TOKEN ECONOMY

BNCH has a variety of use cases as the utility token of the Chair platform.

Use cases of BNCH in the Chair 1.0:

- NFT minting: It costs BNCH to mint NFTs

- NFT trade: BNCH shall be used to buy NFTs

- NFT auction: BNCH shall be used to place bids for auctions

Use cases of BNCH in the Chair 2.0 when BYP (Build Your Planet) program is launched:

For Planet Owners

- Build their own territory

- Buy Gravitational Wave Towers

- Buy interstellar warriors

- Buy decorations in the Treasure Pavilion and the NFT Mall

- Participate in the auction of the BYP Space Station

For planet residents

- Buy NFTs in the NFT Mall and interstellar spacecraft

- Participate in the auction of the BYP Space Station

In addition, BNCH holders can get deeply involved in the governance and development of the Chair platform.

VIII. DETAILED TOKEN METRICS

1st round pre-sale

Fundraised: 400,000 USDT

Price: 0.28 USDT

Lock-up: 5% on TGE, 5% after 1 quarter, 10% each quarter for 3 quarters, 15% each quarter for 4 quarters

2nd round pre-sale

Fundraised: 900,000 USDT

Price: 0.42 USDT

Lock-up: 5% on TGE, 5% after 1 quarter, 10% each quarter for 3 quarters, 15% each quarter for 4 quarters

3rd round pre-sale (INO)

Fundraised: 3,850,000 USDT

Price: 0.71 USDT

Lock-up: 5% on TGE, 10% after 1 quarter, 15% after 1 quarter, 20% after 1 quarter, 25% each quarter for 2 quarters

Public sale (IDO)

Fundraise: 210,000 USDT

Price: 1 USDT

Lock-up: 40% on TGE, 30% each month

IX. TOKEN DISTRIBUTION

- 1st round: 2%

- 2nd round: 3%

- 3rd round (INO): 7.7%

- Public sale (IDO): 0.3%

- Team: 10%

- Mining: 50%

- Ecosystem construction: 15%

• Future development, risk reserves, and compliance costs: 12%

X. TOKEN RELEASE SCHEDULE

1st round pre-sale: 5% on TGE, 5% after 1 quarter, 10% each quarter for 3 quarters, 15% each quarter for 4 quarters
2nd round pre-sale: 5% on TGE, 5% after 1 quarter, 10% each quarter for 3 quarters, 15% each quarter for 4 quarters
3rd round pre-sale (INO): 5% on TGE, 10% after 1 quarter, 15% after 1 quarter, 20% after 1 quarter, 25% each quarter for 2 quarters
Public sale (IDO): 40% on TGE, 30% each month
Team: 5% on TGE, 5% after 1 quarter, 6% each quarter for 3 quarters, 7% each quarter for 8 quarters, 8% each quarter for 2 quarters.

XI. TEAM

Adriel Ho — Founder, CEO | Linkedin

Adriel is the founder and CEO of CHAIR Finance. He is a tech entrepreneur who has successfully started multiple companies to solve business problems with cutting-edge technology. Adriel was the Managing Director of one of Singapore’s first Robo-advisors that provides automated portfolio management with algorithms. He was also a Blockchain lecturer, a technical committee for the ISO International Blockchain Standard, and an advisor for Singapore’s G2G blockchain supply chain platform.

Jieren Chen — Co-founder, CTO | Linkedin

Jieren is in charge of CHAIR’s R&D. He is a technologist with over 12 years of experience building large-scale, sophisticated data systems. He was the project leader at several FinTech companies, including Stripe. He also built SourceScape, a query engine for source code.

Darren Chu — Co-founder, CIO | Linkedin

Darren Chu is the CIO of CHAIR Finance, overseeing CHAIR’s investment and KOL strategy. A thought leader in financial markets, he publishes daily technical analysis on commodity and index futures and FX. Darren also writes a weekly piece highlighting big picture moves in leading crypto markets and traditional market adoption of crypto. Roughly 400 hedge funds, banks, and corporates download Darren’s analysis through Bloomberg, Refinitiv, and Factset each month. Previously, Darren was the country representative for Australia, India, and UAE for NYSE Life, promoting futures and options trading to hedge funds, banks, proprietary trading groups, and commodity firms. He also worked for the TMX Group / Montréal Exchange marketing options and futures. Darren headed up education and market analysis on spot FX and CFD trading with CMC Markets and formed the Chinese marketing and sales team.

About Chair Finance / Chair Finance Socials

CHAIR is the world’s first decentralized NFT trading platform for rights and benefits. On the CHAIR platform, users could tokenize any right or benefits in to NFT assets and sell or auction the NFT tokens on the CHAIR public marketplace. At present, the NFT asset category is highly homogeneous with nearly 99% of them represented by artworks.

Website | Twitter | Telegram Chat | Medium | Youtube | Github | Instagram

About BSClaunch / BSClaunch Socials

BSClaunch is a new and promising Binance Smart Chain-based investment platform, which will enable the most innovative projects to raise start-up capital. The platform will give projects a strong foundation to develop and prosper in a decentralized environment, while also giving investors access to exclusive early-stage projects. We empower our community to invest with safety, freedom, and equal opportunity. To learn more about BSClaunch, refer to our documentation portal.

Website | Twitter | Telegram Channel | Telegram Chat | Documentation

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