Animoca Brands: the game Anichess adopts the CHECK token, featuring staking, tournaments, and governance

Anichess, a Web3 chess platform developed by Animoca Brands and Chess.com, introduces the CHECK token to enhance player engagement and gaming experience. The CHECK token, a utility token with a fixed supply of 1 billion, rewards skills, creativity, and community contributions, focusing on sustainable and expertise-driven engagement instead of click-based activity. Features include access to skill-based tournaments, staking for Mate Points (M8), performance rewards, exclusive collectibles, and governance participation. The integration promotes meaningful engagement by aligning rewards with strategic decision-making and long-term growth. 59.38% of the token supply is allocated to community and ecosystem development, transforming skills into measurable on-chain value.

5 days ago
3 min read
Animoca Brands: the game Anichess adopts the CHECK token, featuring staking, tournaments, and governance

Introduction to Anichess and CHECK Token

Anichess, a Web3 chess platform developed by Animoca Brands, has officially integrated the CHECK token into its gaming ecosystem. This move aims to transform the gaming experience by introducing blockchain-based utility and governance features to chess enthusiasts.

The Role of CHECK Token: Enhancing the Gaming Experience

Why does the CHECK token transform Anichess' gaming experience? The CHECK token is a utility token specifically designed to reward skills, creativity, and community contributions. Unlike traditional click-based systems, the focus is on creating meaningful and sustainable value. The token supply is fixed at 1 billion, with 59.38% allocated towards community growth and ecosystem sustainability. This model ensures expertise-driven engagement within the platform.

Anichess: A Collaborative Venture by Industry Leaders

Anichess is developed by Animoca Brands in collaboration with Chess.com, bringing traditional chess into the Web3 space. The platform boasts an impressive user base of over 1 million players, including renowned grandmasters Magnus Carlsen and Anish Giri. Notably, Anichess is the first game to roll out token integrations gradually.

Key features introduced with the integration include:

  • Skill-based tournaments
  • Staking CHECK tokens to earn Mate Points (M8)
  • Performance-based rewards
  • Exclusive collectibles
  • Community-driven governance participation

CHECK Token Mechanics and Player Rewards

The CHECK token is designed to convert player knowledge, skills, and strategic decisions into measurable on-chain value. Unlike click-based models, CHECK emphasizes meaningful engagement and long-term growth.

The reward distribution is phased, aligning with the platform's gradual feature rollout. Players can expect rewards for their skill-based achievements, participation in tournaments, and contributions to the community.

Expert Insights: The Philosophy Behind CHECK

According to Chevan Tin, head of Anichess:

"Integrating the CHECK token into Anichess allows us to align rewards with the most important qualities of chess: skill and strategic decision-making. By introducing gradual use cases such as tournaments, cosmetic elements, and governance, we are building a path where quality gameplay and community contributions translate into real utility and rewards."

Tokenomics and Governance of CHECK

The tokenomics model of CHECK emphasizes a community-centered approach. The total supply is set at 1 billion tokens, with a major allocation of 59.38% dedicated to community and ecosystem growth. This approach ensures that rewards are linked to performance and long-term engagement.

Key figures:

  • Total Quantity: 1,000,000,000 CHECK
  • Allocation to Community and Ecosystem: 59.38%

Conclusion: A New Era of Chess Gaming

The integration of the CHECK token into Anichess represents a significant shift in gaming paradigms. By leveraging skills, strategy, and community contributions, it transforms the traditional chess experience into something authentic, sustainable, and rewarding. This development highlights the potential of blockchain technology in creating innovative gaming ecosystems that focus on tangible value and meaningful engagement.

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