What is Chedda?

CHEDDA is a first-of-its-kind Utility “Culture” Token that gives holders access to exclusive community experiences. Launched in January 2022, CHEDDA is a decentralized culture token created on the Ethereum blockchain as a ERC20 token.

Utilities

Exclusive access to swag for CHEDDA holders. CHEDDA “Get-To-Gethas“: CHEDDA hosts a happy hour for wallet holders to get together and talk CHEDDA. Special access to CHEDDA NFT drops – The NFT Royalties will pay for the CHEDDA events. CHEDDA Culture conference- Wallet holders will be air-dropped NFT tickets to special events with Speakers, DJs, Influencers and athletes. Staking and Farming implemented in our ecosystem.

Tokenomics

CHEDDA was created with a total supply of 100 billion tokens. Before the launch, 50% of the total supply was burned.

https://etherscan.io/tx/0x5e1d69c2d7be9c0bb8b54f63f7992b76943e391af54f9ec85771ccbb8bbb6159).

CHEDDA has a 3% fee on every transaction; 1% is burned forever and the other 2% is distributed to the CHEDDA marketing wallet for continual development of the project.

Deflationary Asset

Burning tokens on every transaction makes CHEDDA a deflationary asset. There will never be as many CHEDDA in circulation as there is now. By burning half the supply and burning 1% of every transaction, this means the total supply of CHEDDA will decrease over time.

Security

CHEDDA was built on the Ethereum blockchain to guarantee the integrity of the monetary and traceability of the token. The Ethereum mainnet is secured by the interaction of thousands of independent nodes run by individuals and miners throughout the world. This makes Ethereum one of the most secure blockchains available, which is why CHEDDA chose Ethereum as it’s the blockchain of choice.

Why DeFI?

Decentralized finance eliminates intermediaries by allowing people, merchants, and businesses to conduct financial transactions through blockchain. This is accomplished through peer-to-peer financial networks that use security protocols, connectivity, software, and hardware advancements. From anywhere you have an internet connection, you can lend, trade, and borrow using software that records and verifies financial actions in distributed financial databases.

A distributed database is accessible across various locations; it collects and aggregates data from all users and uses a consensus mechanism to verify it. Decentralized finance uses this technology to eliminate centralized finance models by enabling anyone to use financial services anywhere regardless of who or where they are. DeFi applications give users more control over their money through personal wallets and trading services that cater to individuals.

Liquidity Lock-Up

Our initial Liquidity Pool tokens are locked via UniCrypt. You can view our LP lockup via the link here:

https://app.unicrypt.network/amm/uni-v2/pair/0x32a505bf9db617d23bf3ebaac9aef80cb24a828c