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It’s difficult for me to call myself the main keeper of the idea. I'm an ordinary member of the decentralized community, just more active than others. However, I am not the author of the idea. The author is the entire community. I'm just moderating his opinion.
The idea to create an experimental token using (initially) the Russian-language locale arose in March 2024, when I created a topic in the “Ideas” section of the Russian-language locale. In it, I described the idea of an extremely decentralized token, with the working name BTRL (Bitcoin Talk Ru-Local). This token was based on two main ideas:
1. “The idea of the Guardians.”
2. “Proof of Purchase.”
Who are the Guardians? Since we are creating a token and not a coin, it is difficult to ensure a high level of decentralization in the token. A token is created by a smart contract, and a smart contract has an owner. Agree, it’s quite strange when a decentralized asset has an owner. To get around this limitation, all active community members were expected to take responsibility for storing a portion of the coins. Suppose we create a token, distribute it among several dozen custodians, and then these coins, represented by custodians, belong to the entire community. Every time during a certain period of time, say once a month or once a quarter, custodians prove ownership of funds by signing a message from the address they control or carry out a microtransaction from this address. As the project progresses, the tokens held by the custodians could be used to pay for useful work.
However, during the discussion, 2 things became clear. First, the concept of Guardians is difficult to understand and even more difficult to implement in practice.
2. The concept of “Proof of Purchase” is the initial principle that determined the basic ideology of token distribution. According to him, no part of the coins should be distributed free of charge. Usually, everything free is poorly valued, and people have completely different feelings about what is bought with their own money, so it was proposed that all funds be distributed at auctions. Let's say we hold auctions once a month and gradually distribute the entire issue over several years. If a token is not in demand because the price is too high, then we reduce the price. This is the so-called “Dutch Auction” concept. Thus, we get users who did not receive anything for free, but all the tokens were purchased by them, albeit at a small price.
These were the 2 basic concepts on which the BTRL token was built. True, it is not clear how to motivate the Guardians. After all, it will probably be difficult to find people willing to do this for free. As a result, 2 compromises were born:
A. Pay Guardians salaries from BTRL tokens.
B. Pay Guardians salaries in other tokens.
For these purposes, it was proposed to create another token. At first I called it Community Token, then Source Token.
However, during the discussion, 2 things became clear. First, the concept of Guardians is difficult to understand and even more difficult to implement in practice. The principle of proof of purchase did not inspire enthusiasm at all. The community did not understand why it should buy an unknown token. Both of these concepts had to be abandoned.
User sbercoine.one proposed to distribute 50% of the emission among forum users. User Smartprofit suggested, due to the complexity of the custodian idea, to switch to the concept of a meme token and allow users to buy from the pool themselves. The community generally agreed with the idea of a meme token, and the initial 50% airdrop was reduced to 10% so that possible sales by airdrop hunters would not put pressure on the price of the token.
User viljy suggested a name for the token - Chamby. We held a vote on the token issue and the votes were divided. Someone chose an issue of 10,000,000, someone - 100 million, someone voted for other numbers. As a result, we decided to calculate the weighted average of all the numbers that the community voted for and the result was 131,909,091.
We decided to make an airdrop and distribute 10% of this amount on it. Anyone reading these lines can take part in the airdrop until July 19th.
We plan to send the remaining 90% of the tokens to a liquidity pool with a small amount of USDT, and burn the resulting lp tokens so that no one has the opportunity to “pull out the rug.” The token itself has already been created, after creating the liquidity pool I will revoke editing rights. This means that I, as the creator of the smart contract, will not be able to make changes to it.
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What will we do next after trading starts? After the launch of trading, the token will begin a completely decentralized life. It will not depend on its creators, but will obey only market pricing laws. I think it will be possible to gradually increase the number of liquidity pools on different exchanges in TON. Then it will be possible to transfer the token to other blockchains to make it independent of TON.
We will be able to create new services and businesses and link them to Chamby. It will be possible to consider new token concepts and try to implement them into the token. Perhaps we will arrange more airdrops, in which we will take into account the errors that are possible in the initial airdrop.
Perhaps someone in the future will be able to make a sustainable income on the forum using Chamby tokens. Another option is price arbitrage between different pools and blockchains. Or we can use token as an analogue of merit. Or we could try Chamby tokens for some Bitcoin service. It all depends on the community.
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