🪙 Tokenomics

Welcome to the Blue Chip Tokenomics Documentation — your comprehensive guide to understanding the economic framework and utility behind the Blue Chip Automated Crypto Index Fund. Token Name: Blue Chip Token (BLUE) Token Supply: Programmed

Token Utility

Blue Chip is a fully backed token, and is automatically managed by set of rules defined in How it Works Section

Token Sale

Total Value to be raised: $200,000

Blue Chip Initial Price: $1

Initial Token Supply: 220000

Token For Sale: 200,000

Token For Team: 20,000

Sale is designed based on prefered launching platform

Blue Chip is projected to launch on Bitcoin Halving Day in Apr 2024

Token Mint

Users can effortlessly mint Blue Chip Tokens on the platform or via smart contracts, incurring a nominal minting fee for seamless access to the curated blue-chip index fund.

Token Burn

Users can redeem the value of Blue Chip Tokens by burning them on the platform or through smart contracts, incurring a nominal redemption fee for a streamlined process.

Token Price

Token price is determined by the Assets Under Management/ Total Token Supply. Token Mint and Redemption is carried in USDT.

Fee

Investors incur a nominal mint/redeem fee of 0.5% for entry and 1% for exit when engaging with the underlying Index Fund, ensuring a professional and transparent fee structure.

This accrued fee is transfered to the team programmatically.