Chain Estate DAO Price (CHES)

Chain Estate DAO is a physical asset-backed token that utilizes NFTs to represent ownership in physical real estate properties. The CHES token was launched on February 22, 2022 by a team based in the United States. The initial token supply is 1,000,000,000 tokens. 30% of the tokens were provided in the initial liquidity, 35% went towards future airdrop rewards, 5% went towards marketing, 10% towards the developers, and the remaining 20% was burned. The token supply is set - no more tokens can be minted.

The CHES token allows holders to receive airdrops, partake in governance voting, and purchase real estate-backed NFTs. Each transaction with the token, buys and sells, are taxed at 5% which goes towards funding purchasing properties, marketing campaigns, and management.

As the DAO acquires properties, 100 NFTs will be minted in associated to each property so that each NFT represents a 1% stake in the cash flow. The tokens that are used to purchase the NFTs are split 3 ways: 40% goes towards replenishing the airdrop fund, 40% gets burned, and the remaining 20% is set aside in case of any major repairs that the property will need.