# What is a NFT x TOKEN Liquid Hybrid? Welcome to CHONK, a collection of 1,000 Thicc n' Chonky Hybrid NFTs only on BASE: Coinbases' L2 Network! ## What is a NFT x TOKEN Liquid Hybrid? CHONK is a game changing DEFI innovation that merges NFTS and an ERC-20 token into one cohesive ecosystem.\ \ Our bidirectional NFT swap system seamlessly merges the NFT and token markets, creating a hyper deflationary NFT with unique game theory dynamics.\ \ Addressing the liquidity challenge in the NFT realm head-on, we've introduced a solution that distinguishes us in the DEFI world.\ \ At CHONK, we're not only advancing DeFi, we're shaping the future of NFTs. {% hint style="success" %} #### To those wondering, this is NOT an ERC-404 project. #### Instead, the best way to describe it is as a collateralized NFT that has a redeemable liquid value at any time by locking your NFT in the two-way escrow (swap) contract. With this mechanism, the floor price of the NFTS will correlate with the price of the token(s) as each NFT held by wallets has a "liquid value" attached to it. #### Additionally, the NFT collection will become hyper-deflationary over time as users elect to lock up their NFTS and claim the corresponding tokens in return. {% endhint %}

### Learn more about how Hybrid NFT//Tokens work in the following pages! # CHONK Overview CHONK introduces a novel NFT x TOKEN Liquid Hybrid model through an innovative two-way escrow mechanism which solves the problem of liquidity in the NFT space. This innovative mechanism allows users to lock their CHONK NFTs in exchange for $CHONK tokens and vice versa, successfully blending 100% unique NFTs with the liquidity of an ERC-20 token. This not only creates a ultra hyper-deflationary NFT collection, but also supports deflation in the $CHONK token as users interact with the system. ### **Here are the main concepts that a user needs to know:** ### **Claiming Your $CHONK By Locking Your CHONK NFT in the CHONKTANK** By locking your NFT in "The CHONKTANK" (our escrow contract), you can claim $CHONK tokens as a reward for securing your CHONK NFT to the CHONKTANK. From the claim, 3% of the $CHONK from the transaction is burned forever. ### **Retrieving Your NFT** To retrieve your NFT back from the CHONKTANK, you must pay a set amount of $CHONK tokens back to the CHONKTANK. This payment includes the original claim amount, plus a 3% premium. Once paid, your NFT is released back to you. Similar to claiming the $CHONK token, 3% of the $CHONK from this transaction is burned forever. **The original user who locked their CHONK NFT in the CHONKTANK is the only one that can opt retrieve it back.** ### **NFT x TOKEN Swap Rates** Each NFT is assigned a specific amount of $CHONK that can be claimed at any given time. Total Supply: 420,690,000,000 $CHONK tokens Total NFT Supply: 1,000 CHONK NFTs Each CHONK NFT is claimable for 420,690,000 $CHONK (less the 3% burn). ### **Freedom of Choice** NFT holders have the freedom to pick and choose which NFTs you want to lock in "The CHONKTANK" and receive back, providing flexibility and control for users' participation. ### **The CHONK NFT x TOKEN LIQUID HYBRID model brings a wealth of game theory into play, which you can read about on the next page.** # CHONK Game Theory Concepts The "CHONKTANK" acts as a simple NFT escrow solution which will pay out $CHONK immediately from the CHONKTANK when a user chooses to lock their NFT. When the user wishes to retrieve their NFT back from the "CHONKTANK" they can do so **at any time** by paying the claimed token amount back to the CHONKTANK in the $CHONK token. **The original user who locked their CHONK NFT in the CHONKTANK is the only one who is able to retrieve it back.** 🔥 3% of $CHONK from both $CHONK Claims and $CHONK Payments is burned forever. 🔥 {% hint style="info" %} **IMPORTANT: $CHONK CLAIM AMOUNT = $CHONK PAYMENT AMOUNT (+3% Premium)** The premium amount while paying back the CHONKTANK ensures that there will always be enough liquid $CHONK available in the CHONKTANK to account for each NFT in circulation after the 3% burn takes place. For example: A user wants to retrieve their CHONK NFT and pay $CHONK to the CHONKTANK to get it back. The user would pay the CHONKTANK 420,690,000 plus the premium of 12,620,700 $CHONK tokens for a total of 433,310,700 $CHONK tokens to be transferred to the contract. The contract will then burn 12,620,700 $CHONK (3%), ensuring that exactly 420,690,000 tokens are returned to the CHONKTANK. {% endhint %} ## **Game Theory Ideas for Consideration:** 1. As more CHONK NFTs are sent to the "CHONKTANK," they become scarcer on the market, potentially influencing the floor price of the NFT. For instance, if a user sells their $CHONK tokens and opts not to retrieve back the NFT, it remains locked in the CHONKTANK indefinitely, effectively removing it from circulation and making the collection hyper-deflationary in nature. 2. Each CHONK NFT sold on the secondary market comes with an attached claimable token amount and essentially gives each NFT a liquid value. Therefore, if the price of the $CHONK token increases, the floor price of the CHONK NFT could rise in tandem. 3. Because not every CHONK NFT holder will claim their $CHONK tokens, a significant portion of the $CHONK supply could remain locked, maintaining a low circulating supply of the $CHONK token. This reduction in circulating supply may lead to a supply shock, potentially influencing token price. 4. The two-way escrow mechanism presents a perpetual arbitrage opportunity because the $CHONK token price is linked with the value of NFT(s). For example, if an NFT's floor price falls beneath the claimable amount in terms of the $CHONK token, a user could buy the NFT at the floor price, claim the $CHONK tokens attached to it, and then sell the acquired $CHONK tokens on Uniswap for a quick gain. Even when users claim $CHONK for locking the NFT and sell their tokens on the market, it still contributes to a positive feedback loop for the CHONK ecosystem because it not only removes the NFT from circulation and increases the collections rarity, but also burns the $CHONK token, making it rarer over time. 5. If a user sells ALL of their $CHONK tokens from their claims and later decides to retrieve their NFT(s), they can buy back the necessary amount of $CHONK tokens and pay back the CHONKTANK for their NFT(s) at any time. This process offers users flexibility and creates a potential arbitrage opportunity for participation at a later date if desired. Disclaimer: Coding and cryptocurrency are complex endeavors, and we are fortunate that any of this code functions as intended. This NFT project operates in the volatile crypto space, where values can fluctuate, and investments may incur losses. CHONK NFTs are created for artistic and community engagement purposes on Base Chain. We emphasize that there's no guaranteed profit, and participants should not expect financial gains based on the efforts of others. Please be aware of the inherent risks, and only engage if you understand and accept the potential for value fluctuations based on market demand. Please note that this whitepaper is subject to change at any time. We reserve the right to update or modify the content, information, or strategies outlined within this document as deemed necessary to reflect evolving circumstances, technological advancements, or regulatory requirements. Any revisions or amendments will be communicated transparently to our community. # CHONK Token Distribution ## $CHONK Token Distribution Total Supply: 420,690,000,000 $CHONK Initial Liquidity Pairing: CHONK/ETH on Uniswap v3

SOURCE	PERCENTAGE	# OF TOKENS
INITIAL LP	15%	63,103,500,000.00
CHONKTANK	85%	357,586,500,000.00

{% hint style="info" %} To form the initial liquidity pool, 150 of the 1,000 total NFTS will be locked inside of the CHONKTANK and redeemed for exactly 63,103,500,000 $CHONK tokens (15% of the Total Supply). Those tokens then will be paired with ETH to create the initial LP on Uniswap. {% endhint %} # THICCUMS Overview THICCUMS NFTS ARE MINTING ON 4/20/2024! ## INTRODUCING THICCUMS, THE OFFICIAL MASCOTT OF THE CHONK ECOSYSTEM. THICCUMS Hybrid NFTs are the next development within the CHONK ecosystem powered by the CHONK token and offering even more unique game theory and arbitrage opportunities.

**The THICCUMS NFTs are a generative collection with over 70 different traits which further develops the NFT x TOKEN liquid model by allowing ANYONE to adopt a THICCUMS NFT out of the THICCTANK (our two-way escrow mechanism) versus just the original owner (like the OG CHONK NFT collection).** This innovative mechanism allows users to lock their THICCUMS NFTs in exchange for $THICC tokens and vice versa, successfully blending 100% unique NFTs with the liquidity of an ERC-20 token. This not only creates a deflationary NFT collection, but also feeds a lottery reward pool as users interact with the system. ### **Here are the main concepts that a user needs to know:** ### **Claiming Your $THICC By Locking Your THICCUMS NFT in the THICCTANK** By locking your NFT in "The THICCTANK" (our escrow contract), you can claim $THICC tokens as a reward for securing your THICCUMS NFT in the THICCTANK. From the claim, 3% of the $THICC from the transaction is send to a THICC REWARDS POOL where there will be raffle where holders of THICCUMS NFTS and CHONK NFTs can submit their entries each week via our dedicated dApp. ### **Adopting (or Purchasing) an NFT from the THICCTANK** To adopt an NFT from the THICCTANK, you must pay a set amount of $THICC tokens to the THICCTANK. This payment includes the original claim amount, plus a 3% premium. **USERS ARE ABLE TO ADOPT ANY THICCUMS NFT THAT THEY CHOOSE FROM THE THICCTANK**. Similar to claiming the $THICC token, 3% of the $THICC from this transaction is sent to a THICC REWARDS POOL to feed the weekly raffle. ### **NFT x TOKEN Swap Rates** Each NFT is assigned a specific amount of $THICC tokens that can be claimed at any given time. Total Supply: 1,420,000,000,000 $THICC tokens Total NFT Supply: 1,420 THICCUMS NFTs Each THICCUMS NFT is claimable for 1,000,000,000 $THICC (less the 3% fee to feed the reward pool). ### **Freedom of Choice** NFT holders have the freedom to pick and choose which NFTs you want to lock in "The THICCTANK", providing flexibility and control for users' participation. Similarly, within the THICCTANK, if a user wants to adopt an NFT, they can choose ANY NFT that had been deposited. **This means that if someone deposits a rare NFT, another user could come and purchase it at it's liquid value of 1,000,000,000 $THICC tokens** (+3% premium). ### Initial 'Bonded Liquidity' LP Pairing The $THICC token will be paired with $CHONK for the main initial LP pairing which will help to bond the two tokens' values and lock up $CHONK token supply in liquidity. The THICC/CHONK liquidity pool will be a Uniswap v3 pairing and be locked on UNCX forever.\ \ There will be a secondary pair created on launch as well which is a standard THICC/ETH pairing which will help to relieve pressure from the main CHONK liquidity pool. \ \ **On secondary sales of the THICCUMS NFT, there is a 3% creators' royalty in ETH that will be used to help fund project expenses.** ### **The THICC NFT x TOKEN LIQUID HYBRID model brings a wealth of game theory into play, which you can read about on the next page.** # THICCUMS Minting Details There are a total of 1,000 NFTS that will be minted on 4/20/2024. Exactly 420 out of the 1,420 total supply of NFTS are being held to swap into the $THICC token in order to create essential liquidity pairs with the THICC token, as well as a small portion being held for marketing purposes.\ \ The cost to mint a THICCUMS NFT is .02420 ETH each. The max mintable per wallet is 3 NFTs. ## Whitelist and Minting Rounds Details THICCUMS NFTS will be available for minting via our website on 4/20/2024. The minting will take place in 3 rounds and the requirements for each round are detailed below. ### ROUND 1 \~500 MINTS: OG $CHONK token and CHONK NFT holders with more than .05% of the supply are whitelisted for Round 1. The snapshot for this round was taken at: Block Height: 13114330 Timestamp: Apr-13-2024 02:20:07 PM +UTC If you held $CHONK at this snapshot date you will be whitelisted for the NFT mint. **There will be a second snapshot taken before the mint to disqualify any wallets who have sold after this snapshot date.** ### ROUND 2 \~250 MINTS: OG $CHONK token and CHONK NFT holders with more than .05% of the supply are whitelisted for Round 2. **There will also be approximately 100 whitelist spots given away as well to the public who will need to fill out a form in order to qualify.** ### ROUND 3 \~250 MINTS The third round is up for the public to mint where anyone can participate. **As mentioned above, there are 3 max mintable NFTs per wallet in all 3 rounds.** # THICC Game Theory Concepts The "THICCTANK" acts as a simple NFT escrow solution which will pay out $THICC immediately from the THICCTANK when a user chooses to deposit their NFT in it. When the user wishes to adopt (purchase) an NFT from the "THICCTANK" they can do so **at any time** by paying the appropriate amount back the THICCTANK in the $THICC token. **A user is able to shop and select whichever THICCUMS NFTs that they want to adopt, adding a layer of game theory where if someone deposits a rare NFT, another user can come and purchase it at the liquid floor price of 1,000,000,000 $THICC tokens (+3% premium).** 💸 3% of $THICC from both $THICC Claims and $THICC Payments feeds the THICC REWARDS pool in which any holders of THICCUMS NFTS and CHONK NFTS are able to enter into a weekly raffle and qualify to win rewards in the $THICC token. 💸 Read more about the THICC REWARDS pool lottery here by clicking the link below! {% content-ref url="/pages/IAaGy0AI5pmcFO1VqhHf" %} [THICC REWARDS Pool](/phase-2-and-3-thiccums-nft-x-token-hybrid/thicc-rewards-pool) {% endcontent-ref %} {% hint style="info" %} **IMPORTANT: $THICC CLAIM AMOUNT = $THICC PAYMENT AMOUNT (+3% Premium)** The premium amount while paying back the THICCTANK ensures that there will always be enough liquid $THICC available in the THICCTANK to account for each NFT in circulation after the 3% fee feeds the THICC REWARDS pool. For example: A user wants to adopt a THICCUMS NFT and pay $THICC to the THICCTANK to be able to select a THICCUMS NFT of their choosing. The user would pay the THICCTANK 1,000,000,000 plus the premium of 30,000,000 $THICC tokens for a total of 1,030,000,000 $THICC tokens to be transferred to the contract. The contract will then send 30,000,000 $THIC (3%) to the THICC REWARDS pool, ensuring that exactly 1,000,000,000 tokens are returned to the THICCTANK. {% endhint %} ## **Game Theory Ideas for Consideration:** 1. As more THICCUMS NFTs are sent to the "THICCTANK," they become scarcer on the market, potentially influencing the floor price of the NFT. For instance, if a user sells their $THICC tokens and opts not to retrieve back the NFT, it remains locked in the THICCTANK until another user chooses to adopt it, making it deflationary in nature. 2. Each THICCUMS NFT sold on the secondary market comes with an attached claimable token amount and essentially gives each NFT a liquid value. Therefore, if the price of the $THICC token increases, the floor price of the THICCUMS NFT could rise in tandem. 3. Because not every THICCUMS NFT holder will claim their $THICC tokens, a significant portion of the $THICC supply could remain locked, maintaining a low circulating supply of the $THICC token. This reduction in circulating supply may lead to a supply shock, potentially influencing token price. 4. The two-way escrow mechanism presents a perpetual arbitrage opportunity because the $THICC token price is linked with the value of NFT(s). For example, if an NFT's floor price falls beneath the claimable amount in terms of the $THICC token, a user could purchase an NFT at the floor price on Opensea, claim the $THICC tokens attached to it, and then sell the acquired $THICC tokens on Uniswap for a quick gain. Even when users claim $THICC for locking the NFT and sell their tokens on the market, it still contributes to a positive feedback loop for the CHONK ecosystem because it not only removes the NFT from circulation and increases the collections rarity, but also feeds the THICC REWARDS pool as a treat for NFT holders at the end of the week. 5. The way that the THICCTANK is set up offers an alternative way for users to liquidate their positions via an OTC (over-the-counter) exchange. For example, an NFT holder is able to sell their NFT on Opensea instead of swapping into the $THICC token and selling onto the chart. 6. Because the initial liquidity of $THICC is bonded with $CHONK, if $CHONK goes up, it will push the price of $THICC up with it. **These are just a few possibilities of what might unfold once the token and escrow contract go live. We'll leave the rest to speculation and open for further discussion.** Disclaimer: Coding and cryptocurrency are complex endeavors, and we are fortunate that any of this code functions as intended. This NFT project operates in the volatile crypto space, where values can fluctuate, and investments may incur losses. CHONK and THICCUMS NFTs are created for artistic and community engagement purposes on Base Chain. We emphasize that there's no guaranteed profit, and participants should not expect financial gains based on the efforts of others. Please be aware of the inherent risks, and only engage if you understand and accept the potential for value fluctuations based on market demand. Please note that this whitepaper is subject to change at any time. We reserve the right to update or modify the content, information, or strategies outlined within this document as deemed necessary to reflect evolving circumstances, technological advancements, or regulatory requirements. Any revisions or amendments will be communicated transparently to our community. # THICC REWARDS Pool As mentioned in previous sections of the THICCPAPER, there is a 3% transaction fee when depositing or adopting an NFT from the THICCTANK. This 3% fee is used to feed the THICC REWARDS pool. **During each week, holders of the CHONK and THICCUMS NFTS will be able to enter into a lottery via our dApp, and three winners will be randomly chosen. Each NFT equals one entry.** The rewards will be a split of the entire rewards pool based on the $THICC fees collected from the previous week. The winners will be chosen by random drawing each Friday and rewards will be distributed as follows: | 1st Place | 50% of $THICC Rewards Pool | | --------- | -------------------------- | | 2nd Place | 30% of $THICC Rewards Pool | | 3rd Place | 20% of $THICC Rewards Pool | # THICC Token Distribution ## $THICC Token Distribution Total Supply: 1,420,000,000,000 $THICC (1.42T) Main Liquidity Pairing: THICC/CHONK on Uniswap v3\ \ Secondary Liquidity Pairing: THICC/ETH on Uniswap v3 1,420 THICCUMS NFTS 420 THICCUMS NFTS are reserved for essential liquidity pairings and marketing.

SOURCE	PERCENTAGE	# OF TOKENS
Essential Liquidity Pairings & Marketing	29.58%	420,000,000,000
THICCTANK	70.42%	1,000,000,000,000

# CHONK Ecosystem Contracts ### CHONK NFT CONTRACT: 0x622f7A4acc91eb8Bc5926Cb383A591dBA25c8794 Basescan Link: ### CHONK TOKEN CONTRACT: 0x6D22D3ED82c947bE8860A86a69C4B0cB0f65589e Basescan Link: ### CHONKTANK CONTRACT: 0x47cb59233dd0C4d4265d8d5833416a0872De617C Basescan Link: # How to Bridge to Base Chain ### 1) Add Base Network to Wallet Head to the 'Settings' menu in your wallet and find the networks section. Add a new network manually, and fill in the details below for the Base network: Network Name: Base RPC Endpoint: Chain ID: 8453 Currency Symbol: ETH Block Explorer: Once you've entered the information, click on 'CONNECT TO BASE' to save it. Afterward, you'll be able to connect to the Base network by selecting it from the network options menu.

Base Network Settings inside of MetaMask

### 2) Add ETH to your Base Wallet To add ETH to your Base wallet, you can choose from a few methods: Transfer ETH from Coinbase, Binance, Byit, or OKX to your Base wallet. Make sure to select Base as the withdrawal network. Use the following bridges to move ETH to Base from another chain: Official Base Bridge: Orbiter: Stargate: To use these bridges, connect your wallet, select the network you want to bridge from, choose Base as the target network, and indicate the amount of ETH you want to transfer.

### 3) Swap ETH for $CHONK on Base Here are the steps to follow: 1\) Select Base from the network options in your wallet. 2\) Go to 3\) Connect your wallet. 4\) In the lower swap section, select a token and input the official $CHONK token address: COMING SOON!

### 4) Get $CHONK To complete the swap, here's what you need to do: 1\) Enter the amount of ETH you want to swap. 2\) Set the slippage to 2-3% by clicking on the settings icon. 3\) Hit the "Swap" button. 4\) Confirm the transaction using your wallet.

# Disclaimer Disclaimer: Coding and cryptocurrency are complex endeavors, and we are fortunate that any of this code functions as intended. This NFT project operates in the volatile crypto space, where values can fluctuate, and investments may incur losses. CHONK NFTs are created for artistic and community engagement purposes on Base Chain. We emphasize that there's no guaranteed profit, and participants should not expect financial gains based on the efforts of others. Please be aware of the inherent risks, and only engage if you understand and accept the potential for value fluctuations based on market demand. Please note that this whitepaper is subject to change at any time. We reserve the right to update or modify the content, information, or strategies outlined within this document as deemed necessary to reflect evolving circumstances, technological advancements, or regulatory requirements. Any revisions or amendments will be communicated transparently to our community.