The Charactbit project is dedicated to promoting cultural activities within the cryptocurrency ecosystem, with a particular focus on virtual characters in the future metaverse. The project aims to enhance the engagement of subculture enthusiasts by utilizing the Charactbit (CHB) Token as a tool. Founded in 2021, Charactbit is a compound word combining 'character' and 'bit'. In the Charactbit ecosystem, virtual characters are referred to as Forms, and individual tokens represent the value of the creator's Forms Token. To further boost the ecosystem's activity and scalability, a donation platform will be provided, offering additional rewards to sponsors and content providers through the issuance of Forms Token. This unique mining system of Forms Token interacts with the Charactbit Token. The project's vision encompasses metaverses, animations, and a vast Fandea universe.

Livetoon: A Comprehensive Donation Platform for the Character Culture Industry

Livetoon aims to become a comprehensive donation platform for the character culture industry, effectively utilizing Charactbit for the first time.

Enhancing Viewer Engagement through Personal Interaction

Korean streaming events commonly feature a loud TTS voice during personal broadcasts, fostering a more personal interaction between viewers and broadcasters. This unique feature is not typically found in similar broadcasts worldwide. Korea's strong sponsorship culture and high audience participation make live broadcasts more enjoyable and enriching. The act of delivering a personal message to a favorite broadcaster creates a virtuous cycle where sponsors feel the joy of their donation being recognized, motivating broadcasters to create even more enjoyable content. In the blockchain ecosystem, a healthy dynamic relationship between investors and broadcasters is essential, where currency serves as a means for pleasant and enjoyable exchanges, rather than blind investment.

Forms Token: Unique Social Tokens for the Forms Characters

Forms Token is a social token similar to those used in the Rally project. Each Forms character will have a unique mining and staking system, allowing the tokens to be linked to the overall financial value of the Forms.

Mining: Sponsorship for Positive User-Forms Interaction

Forms tokens are mined through sponsorship, encouraging positive user-Forms interaction. Through LIVETOON, sponsorship can be done using USDC and CHB tokens. By distributing Forms tokens through a 50/50 split between sponsors and Forms, a positive effect can be achieved, enabling coexistence and creating additional value. While the qualification for issuing Form Tokens requires thorough verification, it is a significant structural risk to share a 50% split with content creators who lack token economic expertise. To mitigate these risks, half of the share will be incinerated by dividing Form's stake in Form's Token. Incineration of the same volume during sales activities helps further mitigate structural risks. Additionally, when there are activities such as sales and use without delegating token ownership to Forms, the quantity will be clearly organized and disclosed for sale.

Staking: Investing in the Growth of Favorite Content Creators

Initially, Forms Token was designed as a form of sculpture investment to support the growth of favorite content creators. The growth of individual Forms has a real impact on the Form token. Forms' income, mainly from live streaming, comprises activity income and sponsorship income. A portion of the activity income is distributed as staking interest income. Forms directly submits the activity income quarterly, and if there is any embezzlement, the community can raise objections. Reasonable objections lead to the punishment of incinerating any Forms tokens held based on community agreement. Staking will be selectively applied according to the Forms token.

Improving Personal Broadcasting and Sponsorship Platforms

Currently, many broadcasters are being sponsored by cryptocurrency, but the personal broadcasting and sponsorship platforms for individuals are still primitive. Most cryptocurrency-related private broadcasters rely on leaving their wallet addresses for sponsorship. The Solara network offers a convenient, fast, and low-fee solution, making it easier for many people to sponsor broadcasters. Broadcasters also need an environment where they can express their gratitude by being notified live about the sponsors and the amount they have sponsored. Individual broadcasters have a surprisingly significant influence, and modern trends often emerge from live broadcasts. The Charactbit project aims to bring excitement to the Solara ecosystem and serve as a platform to attract more users.