Chumbi Valley, the RPG blockchain sport constructed on Polygon, has partnered with world crypto alternate KuCoin to launch the Chumbi Valley Carnival. The Chumbi Valley Carnival is a “Play and Commerce to Earn” occasion the place gamers will earn particular rewards for collaborating in varied actions.
The three actions embrace a CHMB buying and selling competitors, CHMB participation rewards, and a Discord marketing campaign. The occasion began at 10:00 AM UTC on August 9, 2022, and continues until 10:00 AM UTC on August 16, 2022. The overall prize pool of the Chumbi Valley Carnival is $50,000 CHMB tokens.
What’s the Chumbi Valley Carnival?
Chumbi Valley has partnered with KuCoin to host the Chumbi Valley Carnival for its group. The Carnival will comprise three actions with a complete reward pool of $50,000 tokens. All three actions can have some necessities for successful the prizes and could be joined by all Chumbi Valley Group members.
To take part in Exercise 1 and a couple of, all individuals should have a verified KuCoin account. The winners of Exercise 1 is not going to be eligible for rewards from Exercise 2. In KuCoin, customers can create a sub-account beneath the grasp account. Every grasp account can be utilized to make as much as 100 sub-accounts. The Sub-accounts and grasp accounts will probably be handled as the identical accounts within the Carnival.
Through the occasion, gamers should purchase and promote CHMB/USDT or Chumbi Valley cash on the KuCoin platform. The variety of rewards will probably be determined primarily based on the common closing value of CHMB/USDT. The buying and selling exercise will probably be monitored by the KuCoin workforce, who has the proper to cancel the participation of any participant because of unfair means.
KuCoin has up to date the highest 10 rankings with the best buying and selling quantity in Exercise 1 on August 12, 2022. The buying and selling quantity is the sum of shopping for and promoting volumes in inventory markets. It’s the foundation for incomes rewards within the Chumbi Valley Exercise.
Chumbi Valley Carnival Actions
Exercise 1: CHMB Buying and selling Competitors comes with a prize pool of $26,300 CHMB tokens. The highest 30 customers having the best buying and selling quantity will probably be eligible to win rewards on this exercise. The rewards have been distributed primarily based on ranks. The highest 3 winners will obtain $1700, $1500, and $1400 CHMB tokens, respectively. The remaining rewards will probably be allotted primarily based on the next chart:
| High 1 | $1,700 in CHMB |
| High 2 | $1,500 in CHMB |
| High 3 | $1,400 in CHMB |
| High 4-10 | $1,100 in CHMB every |
| High 11-20 | $800 in CHMB every |
| High 21-30 | $600 in CHMB every |
Exercise 2: CHMB Participation Rewards include a prize pool of $22,000. To win prizes beneath this exercise, one should have a buying and selling quantity (buys + sells) of 150,000 $CHMB or extra. They need to additionally add CHMB/USDT buying and selling pair to their Favorites checklist.
The certified customers will probably be divided into two swimming pools, A and B. In Pool A, all eligible customers will obtain prizes value $15,000 in proportion to their respective buying and selling quantity. Pool B is solely for customers who commerce CHMB for the primary time. The award for pool B is value $7000 in CHMB.
Exercise 3: AMA participation and Discord marketing campaign include a prize pool of $1700 CHMB tokens. This marketing campaign rewarded members who joined the AMA session on the KuCoin Discord server. The AMA session was held on August 12, 2022.
What’s CHMB token?
$CHMB or Chumbi Token is the official in-game foreign money of Chumbi Valley and performs a significant function within the sport’s ecosystem. The CHMB token is utilized in transactions for brand new Chumbi NFTs, lands, breeding charges, Sage charges, market charges, and different in-game gadgets. The holders of CHMB tokens can vote on governance selections as a part of a DAO. By locking CHMB, gamers can scale back the provision and are rewarded with extra CHMB. The CHMB token will change into deflationary with time leading to a value enhance. KuCoin listed the CHMB token in December final 12 months with the buying and selling pair CHMB/USDT.
What’s Chumbi Valley?
Chumbi Valley is an journey sport with taming, breeding, and different creature-owning actions. Gamers discover the world with customizable characters, develop crops on their lands, battle Chumbi battles towards cursed Chumbi and different gamers, craft gadgets, and breed new Chumbis. Chumbis are generative, with totally different physique components and appearances.
Breeding Technology One Chumbis is coming quickly, as talked about in Stage 3 of the Roadmap. Sadly, there are solely 4096 authentic Seed Chumbis. However, some coat varieties can solely be discovered within the third or fourth generations, encouraging breeders to maintain making Seed Pods and likewise offering worth to later era Chumbi. The sport token, CHMB is already circulating. Plans for the token utility embrace a Chumbi market and a staking portal.
