Catheon Ecosystem Day 1 FAQ

About the $CATHEON token

$CATHEON will have utility across the entire Catheon Ecosystem, including as a universal currency and transaction fee mechanism across the Catheon game portfolio, the Catheon Metaverse, the Catheon Gaming Center, and other Catheon services
$CATHEON will also provide rewards to certain holders and provide ecosystem governance rights
Full details of the utility of the $CATHEON token can be found in the Catheon Ecosystem Whitepaper here http://catheongaming.com/papers

We will not be conducting any private or public sale of the $CATHEON token
The only way to get access to $CATHEON is by holding $CHICKS tokens at the time of the snapshot on the 13th of October and then subsequently swapping to $CATHEON tokens via our dashboard from the 31st of October
From the 31st of October onwards, the $CATHEON token will be able to be purchased on the DEX and subsequently on several CEXs as approval is received

$CATHEON transactions that are made via the DEX will incur a 5% transaction fee. This transaction fee will not occur when purchasing via a CEX
A transaction fee has been included in the $CATHEON token to promote supply deflation. The transaction fee will be used for adding to DEX liquidity to ensure that tokens are able to be sold without price impact, and staking rewards, among other things

All holders of $CHICKS (subject to any blacklisting) as at the snapshot date of 1PM UTC 13/10/22 are eligible to swap their $CATHEON from $CHICKS tokens up to the limit of their holding as at the snapshot
$CHICKS holders will need to hold their $CHICKS balance through to the 31st of October, otherwise, they will not be eligible for the swap. This means if you sell your $CHICKS tokens during this period, you will not be eligible for the swap

On-chain $CHICKS holders can convert $CHICKS to $CATHEON at our swap dashboard from 31/10/22 1pm UTC
The dashboard can be found here: https://swap.catheongaming.com/
If you hold $CHICKS on a participating CEX (e.g. Gate.io or MEXC), you will receive an airdrop of $CATHEON in exchange for your existing balance of $CHICKS
If you sell your $CHICKS, you will not be eligible to swap for $CATHEON tokens

Given the restrictions presented by the CEXs, we will be working alongside the exchanges to perform a snapshot. All $CHICKS that are held on the exchanges will be swapped to the $CATHEON token. 50% will be airdropped immediately and the remaining 50% will be distributed in quarterly linear installments over 12 months.
It is advised that any $CHICKS on exchanges are transferred to a Solana wallet address at the time of the snapshot. This is important if you would like to have daily vesting (instead of quarterly vesting) or if for whatever reason you do not want to swap into $CATHEON
The only two current official CEX’s are MEXC and Gate.io. We do not hold responsibility if your $CHICKS are held on other exchanges

We will be treating your number of claimable $CATHEON as if you had unstaked on the day of the snapshot, regardless of the penalty for early unstaking
For tokens in locked pools, you will need to wait for the staking period to end before claiming $CATHEON
For tokens staked in the flexible pools, you can unstake at any point to complete the conversion
The portal for claiming will remain open to accommodate all parties who have staked tokens. $CHICKS holders will not be able to commence any new staking of tokens

No, 50% of the $CATHEON tokens will vest over a 12-month period from the day of swap. The remaining 50% will be immediately available
Any currently unvested $CHICKS tokens will be immediately swappable fully into $CATHEON tokens when they are vested
We want to ensure that the price of the $CATHEON token is sustainable as we are not doing a private sale / public sale with vesting and hence all tokens would otherwise be unlocked Day 1
While you can try to purchase on the DEX post-launch to avoid vesting, however, our general experience is that there are substantial price increases immediately upon the listing of a new token (for reference, $CHICKS increased ~20x immediately upon listing)
Note that $CHICKS tokens that are not vested right now will not incur any additional vesting

Additional purchases of $CHICKS post-snapshot will NOT BE eligible for the $CATHEON swap. Furthermore, any selling of $CHICKS post-snapshot will also result in not being eligible for the $CATHEON swap
As such, we will be working with the CEXs to suspend trading of $CHICKS post-snapshot prior to the dashboard going live and we will be strongly discourage trading on any DEXs
Users will be able to swap their $CHICKS token for $CATHEON on the swap dashboard on the 31st of October

All SolChicks social channels, including Discord, Twitter and Telegram, will be rebranded as Catheon Gaming on the snapshot date
Be sure to stay active in our social media channels, particularly Discord, where we will be unveiling details about our engage to earn program where community members can earn custom reward points by performing various actions like chatting, reacting, inviting, interacting with Twitter, doing quests, playing mini-games, helping the community, and much more. Community members will also be able to redeem these rewards points for various items (whitelists, NFTs, roles, crypto, etc.) within the built-in server store.