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CHA – Supply Protection & Wrapping

Supply throttle​

  • Max mint / burn: 1 CHA every 1 440 Bitcoin blocks (~1 week)
  • Annual change ceiling: ≈ 52 CHA (<0.05 % of supply)
  • Multisig: 3-of-4 (Rozar, Kraqen, MooningShark, Vinzo) must approve any parameter change.
  • Upgrade plan: raise the cooldown to 100 000 blocks (~1.9 years) per token.

Inflating total supply by just 1 % would take millennia.

Wrapping DMG ⇄ CHA​

  1. Lock 1 DMG → receive 1 CHA
  2. Burn 1 CHA → unlock 1 DMG
  3. Each action restarts the cooldown timer.
  4. Initially gated by the soul-bound Red Pill NFT issued to recovery supporters.

The throttle guarantees an orderly, first-come-first-served queue and removes classic bank-run risk.

Market context​

Only 132 k CHA exist (market-cap ≈ $48 k). Comparable Stacks tokens:
Velar ≈ $8.2 M • ALEX ≈ $30 M.

The protocol treasury is secured by the same 3-of-4 multisig (SM203CS4ESKFNCZMRBYA2C0TNW0E40B7JWNQB7P39) and currently holds ≈ 25 000 CHA (~20 % of supply). These reserves are earmarked for future listing fees and liquidity provisioning.

Given similar DeFi utility but extreme supply discipline, CHA appears materially undervalued.