Review CheersLand ($CHEERS) – An expandable GameFi universe

September 26, 2021 - Around 4 mins mins to read

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…

CheersLand (CHEERS) - An expandable GameFi universe

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

GameFi Reviews, Knowledge

Review CheersLand ($CHEERS) – An expandable GameFi universe

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

Concept Project – What is CheersLand?