Blockchain in the creative field, a world where creators and fans can exchange value directly and equally
CMITCOIN is an Ethereum token that was created to activate fan communities that produce various creative contents originating from Japan, such as games, comics, animation, Vocaloid, and Vtuber.
By building an economy that directly connects all of the environments surrounding creators and fans, CMITCOIN aims to remove the centralized aspects of existing fan business schemes and provide a structure and soil that allows communities to directly exchange value and gain special experiences.
"WEI PROJECT"(We Enjoy Ignorance ) is a collective name for three business projects that aim to revitalize creative entertainment originating in Japan. The project aims to create a new business scheme in the creative field by developing a fan community through the training of creators who can transmit their contents to the world with their own power, and also by building an NFT secondary creation market using blockchain.
CMITCOIN is a cryptographic asset that will be used for user incentives and payments in the second phase of "WEI PROJECT", the NFT secondary creation market, and applications and services provided to the fan community. It will function as a new means of value exchange that contributes to improving user experience and services.
About the burning of CMITCOIN (20 billion will be burned)
CMITCOIN will not be used primarily for fundraising, but will be used as an incentive for users to gain access to future services and activities within the community, with the aim of functioning as a mechanism to expand the number of users of the service. In order to achievethis goal, 40% of CMITCOIN held by the management for the purpose of exchange distributionand development will be burned, which will significantly increase the amount of CMITCOIN circulating in the market and the percentage of CMITCOIN used as incentives within theservice, thereby easing the centralized structure of the management, promoting decentralization, and stimulating the spread of the economy. The aim is to reduce the centralized structure of the operator, promote decentralization, and activate the economy that will spread in the future.
CMITCOIN Token Overview
CMITCOIN is an Ethereum token that complies with the ERC223 standard. It is a token that has already been distributed as an airdrop and incentive to users after issuance and has been traded globally on foreign exchanges. In addition, if we execute a burn of 20,000,000,000 units, which is 2/5 of the total number of issued units, 1/3 of the total number of issued units will be circulating in the market after the burn. The CMITCOINs that are not circulated in the market will be used for user incentives and community expansion within the WEI project.
The following number of shares will be locked up after the burn is implemented.
66% of issuer reserve
Lock up [3,333,333,333CMTI] from 00:00 (JST) on June 1, 2021 to 23:59 (JST) on May 31, 2022.
Lock up [3,333,333,333CMTI] from 00:00 (JST) on June 1, 2021 to 23:59 (JST) on May 31, 2023.