NFTs come in 4 sectors, 1500 Gold Diamond Pieces, 2500 Platinum Pieces, 3500 Gold Pieces, 4500 Silver Pieces. The coin reward scheme is also split into 4 sectors. Gold Diamond NFTs earn 3 Elite Chess Coins a day, Platinum NFTs earn 2 Elite Chess Coins a day, Gold NFTs earn 1 Elite Chess Coins a day, Silver NFTs earn 0.5 Elite Chess Coins a day.

The choice for Elite Chess Club ( Coin ) is to host a governance coin. We are launching our token for listing after reaching target mint sales on CoinMarketCap and CoinGecko. We plan to release 1 million ERC20 tokens in circulation and introduce a rebase system alongside the profit distributions to increase and grow the value and circulation of the coin for a continuous reward mechanism.

The token will be the economic currency of our tournament and will be mandatory for tournament entry. In addition, the Elite Chess Club coin is used to distribute to our contestants as a prize reward and will be exchangeable to the Ethereum token .10 Elite Chess Coins will be mandatory upon entry for Non-NFT contestants.

I have launched an initial part of collection on OpenSea to set the standards on floor price for each category, with the exclusive collection framed on our official main page. We plan to launch our pre-sale at the end of January for our OG members a few days after the public sale goes live.

We are due to announce an additional 2 NFT giveaways for OG owners of the initial collection on OpenSea. We have agreed to set a fixed price between the four chosen categories at random on our live mint date which is expected at the end of January.

Pre-Sale 0.05 ETH.

Public Sale 0.08.

The gas fee will vary from $30-$45.

Official Links

www.elitechessclub.co.uk

www.twitter.com/elitechesshouse

https://discord.gg/4wKAw8Uv

We have set our blueprint mechanism to use 80% of entry fees to be earned as a prize draw, and the 20% remainder of the earnings will go towards the growth of the market cap for our token. We are set to launch a Defi 2.0 Staking mechanism to earn APY on staked earnings from the art sales, the royalty resales and the 20% tournament profits will go towards building strong staking fundamentals, which will allow us to introduce a treasury that will be used to financially back the economic value for the NFT.

Please visit our website for full road map development details.

Following announcements are released exclusively for our early discord members and Twitter followers on the official link