Review CheersLand ($CHEERS) – An expandable GameFi universe

Projects such as Axie Infinity, My Neighbor Alice and Alien Worlds have successfully improved crypto users’ enthusiasm for paying attention to GameFi. An expandable GameFi universe where anyone can monetize gaming experiences and social media. 

So are you interested in new GameFi projects? If you say yes, you must have heard about CheersLand

Concept Project – What is CheersLand?

CheersLand is an expandable GameFi universe where anyone can monetize gaming experiences and social networks. CheersLand GameFi Universe is composed of multi-game combinations, Ranking List, Initial Gaming Offering (IGO), NFT Market, Multi-asset Staking Platform, etc…

On the other hand, CheersLand is dual-driven in Play to Earn mode and Build to Earn mode, with the product portfolio of Gamified Launchpad, Multi-game Universe, Multi-Asset Staking Platform, and NFT Market and powered developing new users by the invitation mechanism, which builds diversified GameFi ecosystem.

Outstanding features

What is the project trying to achieve?

Focus on the exploration of how to establish a sustainable and healthy business model in the GameFi field

What is unique selling point?

Use CheersLand API to launch their own games in CheersLand GameFi Universe

RoadMap

Q2 2021

• Market research of GameFi 
• Design for multiple games framework
• BSC-based Staking Contract test
• BSC-based Invitation Contract test

Q3 2021

• Audit to the Staking and Invitation Contract 
• Launch of the first Classic Game
• Launch of whitepaper V1.0 and tokenomics
• Community building and growth
• IGO MVP pre-release on BSC
• Public Sale of CHEERS

Q4 2021

• Official launch and operation of IGO
• Establishment of the Community Vault
• Launch of the second Classic Game
• Deployment on the multichain ecosystem e.g. Solona, Polygon, Polkadot
• Launch of Multi-asset Staking Platform
• Launch of NFT Market Beta

Q1 2022

• Announcement of the annual revenue and buyback & burn plan
• Launch of the third Classic Game
• Improvement of Community Governance model
• CheersLand API for Build to Earn

Q2 2022

• New GameFi programme integrations
• Eco Marathon Grant Activities
• The fourth Classic Game launched by the community
• Second audit to all contracts
• On-board new blockchain ecosystems

Q3 2022

• More partnerships with the GameFi ecosystem
• The fifth Classic Game released by the community

How to own the token?

All users who contribute to the ecosystem, including gamers, game builders, stakers, investors, will be rewarded CHEERS

Technical Data

CHEERS is the native utility token of CheersLand GameFi Universe.

Token Allocation

Token Use case

• Staking

Earn CHEERS rewards and farm multi-assets on CheersLand.

• Governance

By governance voting, CHEERS holders will have an influence on the crucial aspects of CheersLand development such as staking yield, projects listing on IGO, games onboard, buyback & burn percentage, etc…

• Incentive

CHEERS incentive the main gamers participating in Weekly Tournaments and Ranking List

• Ticket

CHEERS will be used to determine eligibility for participation in Initial Gaming Offering (IGO) or certain sales/auctions conducted

• Payment

Accepted as universal currency within CheerLand NFT Market. Commodities in the ecosystem will be priced and traded with CHEERS as the unit.

Token sale

CheersLand is planning to raise $2,385,500 in the token sale of CHEERS to strategic investors and launchpads. The details are as follows:

Markets and Community

Market Supply

• Total Supply: 1,000,000,000 CHRS
• Holders: 4
• Transfers: 4
• Contract: 0xda58e44ef23c39f14f8ec920a9937f7812edf95d
• Fully Diluted Market Cap: Updating…

Future Work

In late 2021, the Community Vault will be established and begin to receive revenues generated by CheersLand, which will be governed by CHEERS holders eventually, once the network has become sufficiently decentralized. It is worth mentioning that CHEERS holders will enjoy a decreasing inflation model additionally boosted by buyback & burning mechanisms fueled by the ecological revenue

Backers

Team/ Founders

Partners

Trader Square is a famous and influential private trading group in France

Conclusion and analysis

By creating more economic opportunities for users, CheersLand can make a difference through the development of the ecosystem and the distribution of CHEERS, CheersLand will gradually evolve into a community-owned decentralized organization with the ownership becoming less concentrated over time.

Find more information about CheersLand GameFi Universe

Website: https://cheersland.org/

Telegram: https://t.me/cheersland_news

Twitter: https://twitter.com/cheers_land

Elise

Coincu Research