In the rapidly evolving crypto landscape, CheersLand stands out as a non-programming modular RWA trading platform designed to seamlessly bridge Web2 and Web3. Offering a fresh approach to the GameFi universe, CheersLand empowers users to monetize their gaming experiences and social networks. With its native utility token, CHEERS, at the heart of the ecosystem, the platform incentivizes engagement through multi-asset staking, gamification, and a host of other innovative features. Whether you're a gamer, developer, or investor, CheersLand aims to transform your digital interactions into profitable ventures. Dive in to explore how CheersLand is revolutionizing the crypto world.

What is CheersLand?

CheersLand is a scalable GameFi metaverse aggregator that enables users to monetize their gaming experiences and social networks. The platform is designed to bridge the gap between Web2 and Web3, offering a non-programming modular RWA (Real-World Assets) trading platform. By integrating various aspects of the gaming and social networking worlds, CheersLand provides a unique ecosystem where users can earn rewards and engage in a variety of activities.

Key Features of CheersLand

1. Non-Programming Modular Platform: CheersLand is designed to be user-friendly, allowing even non-programmers to participate in the ecosystem.
2. RWA Trading: The platform enables the tokenization and trading of real-world assets, providing a bridge between traditional finance and the blockchain world.
3. GameFi Universe: CheersLand offers a comprehensive GameFi ecosystem where users can monetize their gaming experiences.
4. Multi-Asset Staking: Users can stake various assets to earn rewards, enhancing their engagement with the platform.
5. Gamification: The platform incorporates gamified elements to make the user experience more engaging and rewarding.

The CHEERS Token: Utility and Purpose

The CheersLand crypto token, known as CHEERS, serves as the native utility token of the CheersLand GameFi Universe. The token is built on the Binance Smart Chain and operates as a utility token with the ticker CHEERS and BEP 20 token standard. Here are some of the key use cases and benefits of the CHEERS token:

Multi-Asset Staking

CHEERS tokens can be staked to earn rewards. This multi-asset staking capability provides gamified use cases for holders and stakers of other crypto projects, thereby activating their engagement and attracting them to the platform.

Governance

CHEERS holders have the power to influence crucial aspects of CheersLand development through governance voting. This includes decisions on staking yield, project listings on Initial Gaming Offerings (IGO), games onboard, buyback & burn percentage, and more.

Incentives and Rewards

The token acts as the main incentive for gamers participating in weekly tournaments and ranking lists, as well as builders developing games based on CheersLand. CHEERS tokens are also used to determine eligibility for participation in IGOs or certain sales/auctions conducted by the CheersLand team.

Universal Currency

CHEERS is accepted as a universal currency within the CheersLand NFT Market. Commodities in the ecosystem are priced and traded with CHEERS as the unit.

Decentralization

The token is designed to decentralize the ownership and governance of CheersLand. The Community Vault, governed by CHEERS holders, will receive revenues generated by CheersLand, ensuring a fair distribution of profits.

Tokenomics and Distribution Model

The total supply of CHEERS tokens is 100,000,000. The initial circulating supply is set to 4,145,000 CHEERS, which is 4.145% of the total supply. The tokens will be unlocked in a predetermined schedule that lasts for 64 months from the public sale. Here is a breakdown of the token distribution:

• Founding Community: 1.0%
• Seed Round: 6.2%
• Private Sale: 18.5%
• Public Sale: 4.8%
• Liquidity Provision: 2.5%
• Marketing: 10.0%
• Play to Earn: 10.0%
• Build to Earn: 5.0%
• Ecosystem Incentives: 13.0%
• Team: 12.0%
• Advisors: 7.0%
• Ecosystem Grants: 10.0%

Inflation Control Mechanisms

To control inflation, CheersLand employs several mechanisms, including token burning and staking rewards. The Community Vault, established in late 2021, receives revenues generated by CheersLand and is governed by CHEERS holders. This vault will implement buyback and burning mechanisms fueled by ecological revenue, ensuring a decreasing inflation model.

Market Data and Performance

As of the latest data, here are some key statistics for the CHEERS token:

• Current Price: $0.0209
• Market Cap: $0.00
• 24h Price Change: 29.28%
• 7d Price Change: 37.54%
• 30d Price Change: 19.73%
• 24h High: $0.0224
• 24h Low: $0.0159
• All-Time High: $0.4083 (2021-11-30)
• All-Time Low: $0.0021 (2023-01-22)
• Circulating Supply: 0.00
• Total Supply: 100,000,000.00

The Team Behind CheersLand

The CheersLand crypto token is being developed by a professional team with extensive experience across blockchain, DeFi, and gaming. Here are some of the core team members:

Peter Lim - Chief Tech Officer

Peter is a well-experienced team leader with crucial soft skills and a technical background. He is proficient in Golang and Rust and has a deep understanding of smart contracts as an early adopter of Ethereum. He has worked at Microsoft Research Asia (MSRA) and Pinduoduo (NASDAQ: PDD) before co-founding CheersLand.

M. Joseph Cheung - Strategic Partner

Joseph is involved in all key decisions from product to marketing and is in charge of the development strategy and resource integration. He has led the investment and consulting work of many blockchain projects and has been engaged in research about blockchain protocols and DeFi since 2017.

Janna Ding - Operating Lead

Janna is responsible for user growth and community development in CheersLand. She has experience gained at JD.COM (NASDAQ: JD) as a user experience designer and has been involved in the entire implementation processes of various products. She previously worked as a project manager at NetEase Games (NASDAQ: NETS) and has good connections in the gaming industry.

Kerstin Darick - Full-stack Developer

Kerstin led the art team and designed the original CheersLand. He has a passion for art creation and competitive games and is responsible for the art direction and many gaming design concepts. Before CheersLand, he worked as a Design Engineer at WeChat.

Serhat Yanar - Co-founder

Serhat is in charge of business and