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description: A letter for all CHIPCHIPGAME BOX Holders
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# CHIPCHIPBOX

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CHIPCHIPGAME BOX is the first asset we have issued, marking the beginning of our acquaintance with all of you. Many friends have know and understand us through it. It holds great significance for us as well. Therefore, we have prepared an article specifically for all CHIPCHIPGAME BOX holders to provide more detailed about CHIPCHIPGAME BOX.

## What is the CHIPCHIPGAME BOX？

CHIPCHIPGAME BOX is a Ordinals asset issued by the CHIPCHIP. As a  poker competition platform that supports assets across different chains. Ordinals asset are a crucial and indispensable part of it, and we were the first one to proclaim our support and embrace for Ordinals asset in the realm of poker competition platform.

We firmly believe that 2024 is the year for the BTC ecosystem. We didn't want to miss the opportunity to participate in the construction of it. That's why we chose to issue our asset on #BRC420, rather than simply capitalizing on the buzz surrounding Ordinals asset. This decision was also driven by our endorsement of the fair launch principles of #BRC420. However, at the same time, we didn't want to issue Token without the practical implementation of the entire ecosystem, as this would greatly hinder the platform's development.

## CHIPCHIPGAME BOX's rights info

When we initially issued, we explained to everyone the several major privileges that CHIPCHIPGAME BOX would possess in the future. Here is a more detailed explanation of these rights, and we hope that all holders can understand and comprehend our intentions.

* The holders can obtain 10% Airdrop of $NGNF Token.
  * 10% of the tokens will be repurchased from the secondary market for airdrops to CHIPCHIPBOX holders. Holders can exchange their CHIPCHIPBOX at a 1:10,000 ratio for $NGNF tokens.
* Holders can have priority to obtain internal testing qualifications and global ambassador status of the CHIPCHIP platform.
  * Before the official public beta of the game, we will hold an internal test tournament with prizes in advance, with a prize of at least 500U in each round, and give priority to recruiting CHIPCHIPGAME BOX holders to participate. You can join the Discord community first and wait for our follow-up relevant notifications.（[Click here and join our community](https://discord.gg/m4MZD42J))
* The holders can permanently obtain the platform OG identity mark.
  * You can try a scenario like this. One day you want to play poker, and then you initiate a game to your friends on the CHIPCHIP. When your friends enter the game, everyone can see your exclusive OG mark to let them know. What a wise choice you made.

We have also established an exclusive channel on Discord for all CHIPCHIPGAME BOX holders. You can enter by open a ticket or asset verification.

## The Airdrop design of CHIPCHIP

When our first designed the entire product Airdrop concept, we discussed internally why many project teams like to use tasks to guide users, why users are not happy of this form, and we think the main reasons are as follows.

## AirDrop is a beautiful and elegant marketing tool

In Web3, tasks through Airdrop is a beautiful and elegant marketing tool. It not only allows project teams and communities to truly become a community of interests but also enables many contributors who have made contributions to the ecosystem to share in the wealth generated by its development.

However, many project teams, led by L2 have continuously required users to contribute without providing any response or reciprocation. For these public chain project team provided opportunities for speculators rather than providing the value of those who have genuinely contributed to the platform.

When public chain project teams persistently exploit users by charging gas fees, it taints the originally community-oriented Airdrop and turns it into a tool for projects to make money for themselves. Over time, this inevitably creates a sense of aversion towards tasks among users.

## Reasonable value capture is the core of nice Airdrop

We believe that it is acceptable to guide everyone's understanding of the projects through tasks. However, a successful Airdrop must take care of the interests of everyone involved and accurately capture those who have made core contributions to the project's ecosystem.

CHIPCHIP's slogan is "Play poker with your friends using crypto," which embodies all our principles. "Playing with friends" represents our commitment to providing a supportive social environment, while "using crypto" represents the ultimate dream of the Web3.

Currently, there are 500 million crypto holders and 1 billion poker game players worldwide. We aim to provide excellent scene support for these users.

To realize this dream, we have been considering the core value capture for the platform and identifying the core audience while designing the Airdrop.&#x20;

Based on this, we have derived the following considerations.

* The early holders of CHIPCHIPGAME BOX.
  * Although the BTC ecosystem currently occupies 60% of the market value, it is still not fully developed. We leveraged support for Ordinals asset in poker games and issued CHIPCHIPGAME BOX, attracting the attention of many BTC ecosystem users and establishing our initial community. For these early holders, we need to provide unconditional support. That's why we have designed various privileges as mentioned above. Kevin Kelly once proposed the famous "1,000 True Fans" theory, which states that you only need 1,000 true fans to make a living. Specifically, CHIPCHIPGAME BOX gives us the opportunity to cultivate the most loyal fans even before the product is fully developed. Therefore, regardless of whether they promote the platform or not, as long as they hold the asset, they will receive AirDrop rewards. If they choose to help promote, it's even better, and we will provide additional bonuses for their efforts. These users are one of the keys to CHIPCHIP's success.
* The player of CHIPCHIP platform.
  * In the product design progress, we have a crucial feature that ensures users can use CHIPCHIP safely and conveniently. By sharing a link, users can organize private games or cash games. We provide not only entertainment tool support but also facilitate organic growth through peer-to-peer gameplay, attracting more players. Therefore, in our value capture strategy, it is essential to reward players who bring new players to CHIPCHIP. These are the players who truly use the CHIPCHIP and organize tournaments. They are the key to helping us acquire a massive players, and our role is to provide product support and incentives. These players are also one of the keys to the success.
* Players who help CHIPCHIP bring in revenue.
  * First and foremost, it is important to clarify that CHIPCHIP is collectively owned by all of us. Our whitepaper has clearly outlined the [economic model](broken-reference), which states that even as the project team, we, like everyone else, need to stake the tokens we hold in order to receive dividends. In the CHIPCHIP ecosystem, the holders of tokens are the shareholders, and we, as the project initiators, are merely the organizers of this Web3 show. As more and more people use crypto to play on CHIPCHIP, all of us can earn more. The concept of a shared economy relies on those who can generate revenue for CHIPCHIP. Therefore, before the Airdrop, those who contribute to revenue generation are also points of value capture.

Based on the above three types of people, a healthy and spiraling ecosystem is truly formed, so we designed such an airdrop plan.

1. Holding CHIPCHIPGAME BOX proves that you are optimistic about us and are willing to go forward together.
2. Complete the basic tasks above on Zealy and let everyone know about us.
3. When the Dapp public beta is launched later, we will have an Airdrop function and a dashboard so that everyone can clearly see their contributions.

We do not intend to deceive or engage in empty promises like others that solely rely on memes. We have a grand vision of making CHIPCHIP the largest global platform for playing poker games with crypto.&#x20;

Please do not misunderstand our intentions. All of our value capture efforts are aimed at making CHIPCHIP better. Our AirDrop rules have been designed considering multiple dimensions to reward those who contribute to the platform.

The Airdrop Tokens account for more than 50%, emphasizing that CHIPCHIP belongs to everyone. We are just early supporters who are eager to create a platform that comes to mind whenever digital currency holders think of playing card games. We also need the support of investors in terms of funds and resources, and they will hold a portion of the Tokens as well. This dream requires the collective effort of many people, but rest assured, CHIPCHIP will take care of everyone's interests. Along the way, we will continue to push ourselves and listen to feedback to do our best.

This is something we are fully committed to for the next 5 years. Please do not view us solely as a other people issuing assets on BRC420. If our intention was to deceive for quick profit, we wouldn't have issued such a small quantity at such a low price, and we would not have chosen the most fair issued on BRC420. Everything we do is to build a strong community and ensure CHIPCHIP is seen by more people.

## The future of CHIPCHIP

#### Why CHIPCHIP support all assets rather than focusing on the BTC ecosystem?

We hope to make CHIPCHIP be the first poker competition platform in Web3, so we will not ignore any community with active users. When a suitable new ecology is ready, we will connect it as soon as possible to let more people join. By participating in the construction of CHIPCHIP, we can better give back to all those who support and participate in the construction of CHIPCHIP.&#x20;

Of course, as mentioned before, we have always attached great importance to the construction and development of the BTC ecosystem, and we will continue to make more contributions to the BTC ecosystem in the future.

### The future player of CHIPCHIP

In the future, CHIPCHIP will not only have one Texas product, but a large collection platform of global chess and card games. When our resources are ready, we will access new markets, embrace global users, and grow with all chess and card lovers.&#x20;

At the same time, we have also made a lot of innovations and attempts in terms of deposits and withdrawals, allowing users to freely and securely exchange cryptocurrencies and legal currencies. This can also help CHIPCHIP gain more players from traditional poker games.

#### Why CHIPCHIP chose Web3 but not develop a Web2 poker game?

The charm of Web3 lies in wealth sharing.&#x20;

The success of all existing gambling/poker platforms only belongs to the success of the platform and a small number of bookmakers, and has nothing to do with the majority of players who directly participate in it.&#x20;

We don't think this is a reasonable thing to do, especially in the world of Web3. We hope to build a platform for wealth sharing, not just for the project team, but also for everyone involved in the development of the platform to benefit from it, and CHIPCHIP is our answer to this question.

## One more thing

We have created an exclusive channel for holders in Discord. Since we have not found any robots that can verify assets so far, we need you to open a ticket first and let our team conduct manual verification.

Here is the guide.

* Find the Open ticket channel.

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* Chose open ticket and then input the proof(like your address/ screenshot) of you are holding the CHIPCHIPGAME BOX.

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