The Charactbit project is a cryptocurrency project aimed at promoting cultural activities within the cryptocurrency ecosystem, specifically focusing on virtual characters in the future metaverse. The project aims for the Charactbit(CHB) Token to serve as a tool for subculture enthusiasts to engage more actively in the ecosystem. Charactbit was founded in 2021, and the name is a combination of "character" and "bit." In the Charactbit ecosystem, virtual characters are referred to as Forms, and individual tokens represent the value of the creator's Forms Token. The project plans to provide a donation platform, utilizing Forms Tokens to offer additional rewards to sponsors and content providers, thereby increasing ecosystem activity and scalability. This involves a unique mining system that interacts with the Charactbit Token. The Charactbit project focuses on metaverses and animations, and it is set within the fictional world of Fandea.Livetoon. The project aims to become a comprehensive donation platform for the character culture industry, starting with the effective use of Charactbit. In Korean streaming events, the feature of a loud TTS voice during personal broadcasts is commonly seen. This attracts viewers and allows them to participate in more personalized interactions, which is not as common in other parts of the world. In Korea, audience participation through sponsorship is high, creating a more enjoyable and enriching experience in live broadcasts. The feeling of a personal message being delivered to a favorite broadcast is considered special, and this contributes to a virtuous cycle where sponsors feel the joy of their donation being publicly recognized, leading broadcasters to create more enjoyable content. The project aims to establish a healthy and dynamic relationship between investors and broadcasters within the blockchain ecosystem, where the currency is used as a pleasant and enjoyable exchange, rather than solely for the purpose of blind investment. The Form Token is a social token similar to those used in the Rally project, and each Form character will have a unique mining and staking system, which links the tokens to the overall financial value of the Forms. Forms tokens are mined through sponsorship for positive user-Form interactions, presenting a creative challenge. Through LIVETOON, sponsorship can be done with USDC and CHB tokens, and distributing Form tokens through a 50/50 split between sponsors and Forms is expected to create a positive effect where everyone can coexist and add value. However, proper verification is necessary when issuing Form Tokens to avoid structural risks, and to mitigate these risks, half of the share will be incinerated by dividing Form's stake in Form's Token. Staking is another aspect of Forms Token, allowing investment in the growth of preferred content creators. Income from Forms focuses on live streaming and comes from activity income and sponsorship income. A portion of the activity income is distributed as staking interest income. Staking will be selectively applied based on the Forms token. Today, more cryptocurrency sponsors are supporting broadcasters, but the personal broadcasting and sponsorship platforms for individuals are currently primitive. The Charactbit project aims to bring fun and serve as a platform to attract more users within the Solara ecosystem, offering convenience, speed, and low fees for sponsorships. It also aims to provide an environment for broadcasters to express gratitude by receiving live notifications about sponsors' contributions, acknowledging the significant influence of individual broadcasters on modern trends.
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