Let’s talk about the CHFTY Pass.
Long Time Coming…
The CHFTY Pass has been a concept the team has been workshopping and ideating over-and-over well before the CHFTY Pizzas collection first minted. With the CHFTY Pass we wanted to create a mechanism to onboard additional brands, chefs and utility into CHFTY ecosystem and grow our existing community. We believe that the CHFTY Pass’s integration with our upcoming CHFTY App will serve this function.
What is a CHFTY Pass?
The CHFTY Pass is an NFT that enables users full access to the CHFTY App, and grants earning rewards for our native token $CHFTY. The CHFTY Pass can be thought of as the ‘Premium’ version of the application, and your access pass to the CHFTY Ecosystem.
A genesis collection of CHFTY Pass NFTs will be minted during the first quarter of 2023. This collection will include a to be determined supply that is available via Public Mint, and an additional 2,777 limited edition CHFTY Passes that are only claimable by CHFTY Pizza NFT holders.
Rewarding the OGs
CHFTY is nothing without its community and our earliest supporters will continue to be rewarded for their participation. To start, each of the 2,777 CHFTY Pizza tokens will be eligible to claim a special edition CHFTY Pass for free, plus gas fees. This will be a 1:1 claim, so if you own 15 Pizzas you can claim 15 CHFTY Passes. These special edition passes will grant holders increased $CHFTY earning rewards, access to exclusive offerings, and highlighted recognition across the CHFTY App.
Members of CHFTY Pizza’s whale community, the NomNoms, who have wallets containing 17+ CHFTY Pizzas will be receiving custom commemorative CHFTY Pass for their immense support. Additionally, owners of 1/1 CHFTY Pizzas, such as the Surfer, Fly Fisher, or Fat Tony can expect their own unique passes.
Okay its better, but how much better?
Each CHFTY Pass will have a specified rarity tier which each has a corresponding Base Earning Multiplier. The Base Earning Multiplier is determined by the earning value of the ‘Common’ rarity. In the table below you can view an example of what these earning multipliers could look like for different rarity tiers.
Please note, these multipliers and rarity levels are not final, and will continue to be optimized during our testing phases of the application.
New Users and Promoting Growth
People that do not own a CHFTY Pass can earn minimal amounts of $CHFTY towards their accounts. This is to serve as an introduction to the CHFTY App and provide an opportunity for non-Web3 users to become familiar with the community and its ecosystem. This should also serve as an incentive for them to upgrade to CHFTY Pass ownership, granting them access to greater rewards and the CHFTY Shop, thus increasing the demand for CHFTY Passes.
To service this demand for CHFTY Passes existing CHFTY users that have reached a specified level will be able to build new CHFTY Passes. These newly minted passes can then be sold to incoming users, or continue to be held in an existing user’s account for improved earning rewards.
Brand Adoption and Web3 Onboarding
As mentioned, we want the CHFTY Pass to serve as a vehicle for the growth of the CHFTY Community, but also as a scalable way to onboard additional chefs and food-focused brands into Web3. Via the CHFTY Shop, Pass Upgrades will continue to be introduced and purchasable with users’ earned $CHFTY. These upgrades can include CHFTIVAL access, Celebrity Chef experiences, Restaurant Group/City based expansions, and CPG product loyalty bonuses.
More to come!
As we inch closer to our launch day in 2023, we’ll continue to share more finalized CHFTY Pass details such as Genesis Total Supply, Attribute/Earning Multipliers, Public Mint Price and more! Be sure to follow https://twitter.com/CHFTYPizzas and https://twitter.com/CHFTYofficial, and join the conversation in our Discord: https://discord.com/invite/EZJFp8DkUK.
