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Who issued the Cheelee (CHEEL) coin?
Cheelee Limited, a blockchain technology company based in the United Kingdom, is the issuer of the Cheelee (CHEEL) cryptocurrency.
Dec 09, 2024 at 10:57 am
Who Issued the Cheelee (CHEEL) Coin?
Introduction:
Cheelee (CHEEL) is a cryptocurrency developed by Cheelee Limited, a blockchain technology company based in the United Kingdom. The coin was launched in 2018 as a utility token for the Cheelee ecosystem, providing access to various decentralized services and applications.
Issuer:
- Cheelee Limited
Background:
- Cheelee Limited is a leading provider of blockchain-based solutions for businesses and individuals.
- Founded in 2017, the company has developed a suite of products including the Cheelee blockchain, Cheelee wallet, and CHEEL cryptocurrency.
- The Cheelee ecosystem aims to create a decentralized platform for financial services, e-commerce, and social interactions.
Purpose of CHEEL Coin:
The CHEEL coin serves several key functions within the Cheelee ecosystem:
- Transaction fees: Users pay transaction fees in CHEEL for sending and receiving assets on the Cheelee blockchain.
- Reward mechanism: CHEEL is used to reward users for participating in the network, such as providing liquidity or validating transactions.
- Access to services: CHEEL holders can access exclusive services and discounts on the Cheelee platform, including merchant discounts, access to staking pools, and participation in governance.
Token Distribution:
- The initial CHEEL token distribution took place in 2018 through a public sale.
- A total supply of 1 billion CHEEL tokens was created, with approximately 60% allocated to the public sale.
- The remaining tokens are held by Cheelee Limited for future development and ecosystem growth.
Tokenomics:
- Token type: Utility token
- Blockchain: Cheelee blockchain
- Token standard: ERC-20 (formerly), now CHEEL-20
- Total supply: 1 billion CHEEL
Key Features of CHEEL Coin:
- Scalability: The Cheelee blockchain offers fast transaction processing and low fees, enabling frictionless transactions for users.
- Security: The Cheelee blockchain incorporates advanced security measures, such as multi-factor authentication and smart contract verification, to ensure the integrity of the network.
- Liquidity: CHEEL is listed on several reputable exchanges, providing liquidity and accessibility to users.
- Community: Cheelee Limited maintains an active and engaged community of users, developers, and enthusiasts, fostering the growth and adoption of the CHEEL ecosystem.
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