# Charactbit Token

&#x20;Charactbit is an SPL token based on Solana, the fastest blockchain ecosystem. Because of the Solana network, token transfering is possible with fast transfer speed and very low fee. One transfer will take approximately $0.00025 and less than 2 seconds. This foundation provides an innovative customer experience for the Charactbit project to provide services such as Donation Platform, Metaverse, and NFT.

&#x20;Charactbit (CHB) token is used to refer to the key currency and approximate index of the Forms token. Also it is used for the purpose of supplying liquidity to its own dex market or external DEX market. As a leader of subculture, we aim to be widely used in the subculture industry in the blockchain ecosystem. Charactbit token will be acting as a standard crypto currency for all industries related to subculture, such as illustration NFT markets.

### Ability

#### - Donation

&#x20;CHB tokens are used to donor Forms. Anyone can cheer for the live show. You can also receive a Forms token as a reward through sponsorship.

#### - Industrial material

&#x20;We hope that character bit tokens will be used throughout the subculture industry. We are preparing various services and supporting various activities in the ecosystem.

#### - Steak compensation

&#x20;You can get CHB Token as a reward by staking Forms Token, a fan token you own. The Forms activity returns to the staking reward.

### Detail

&#x20;The great advantage of CHB and Forms tokens will be forming an unusual fandom that cannot be seen in other blockchain ecosystems. As the number of holders increases, pressure on market prices becomes stronger, leading to the higher price. We have worked hard to build a system where the majority of investors and fans can be safe.

&#x20;When CHB is staking, 70% of Forms advertising and other advertising revenue will be distributed according to the sharing ratio compared to the total staking. The steaking revenue is paid by CHB Token. At this time, the CHB Token used for distribution is purchased and distributed in the market. This has a positive impact on CHB Token prices.
