## What is Chit-Ching(CHING)?
CHIT-CHING (CHING) is part of a dual-token system within a cryptocurrency initiative on the XRPL (XRP Ledger) aimed at increasing investor trust and combating scams. CHING, known as the Value Token (MEME), represents access to a prized asset within the [CHIT-CHING ecosystem](https://chitching.com/). It unlocks unique investment opportunities and growth potential for holders by driving value creation and rewarding active community participation. This encourages engagement and involvement in the ecosystem, making it a key element in the project's strategy to empower investors and enhance the utility of the tokens.


### Who Are the Founders of Chit-Ching?
**Nolan**: Founder & Chief Marketing Officer (CMO). He brings a wealth of expertise from his experience as a process improvement specialist, particularly in driving operational efficiency and enhancing workflows.

**Marcus**: Founder & Chief Technology Officer (CTO). With a background in systems engineering, Marcus contributes his technical expertise and problem-solving skills, driving the development and implementation of innovative solutions.

**James**: Founder & Chief Operating Officer (COO). James adds his extensive entrepreneurial experience from the retail and logistics sectors, providing leadership and strategic insights essential for managing the project and driving its vision forward.


### What Makes Chit-Ching Unique?
[CHIT-CHING](https://chitching.com/about/) is a distinctive cryptocurrency project on the XRPL, featuring a dual-token system with CHIT as the Rescue Token and CHING as the Value Token. This initiative aims to protect investors from scams and empower the XRPL community by providing stability during market downturns and rewarding active participation. The project leverages advanced features of the XRP Ledger, including a sophisticated wallet system with security measures such as multisignature and escrow accounts to ensure transparency and safety. CHIT-CHING’s comprehensive roadmap outlines strategies for community engagement, technological enhancements, and ecosystem expansion, making it a pioneering effort in restoring trust and adding value within the cryptocurrency environment.


### Tokenomics

**CHIT (The Rescue Token)**

**Total Supply**: 100 billion CHIT tokens.

**Rescue Allocation**: 90% (90 billion tokens) is reserved for airdrops to holders of failed tokens, redeemable for CHING at a dynamic ratio dependent on the price of CHING.

**Initial Sell Order**: 10 billion CHIT tokens are initially sold at a price of 0.000001 XRP each, introduced via an Initial Sell Order on Magnetic.

**CHING (The Value Token)**
Total Supply: 70 billion CHING tokens.

**Team Allocation**: 5 billion tokens, stored in a multi-signature wallet to ensure transparency and prevent misuse. The release schedule for these tokens is staged over time to maintain token stability and team commitment.

**Development & Marketing**: 5 billion tokens allocated to foster future growth through innovations and to promote the project.
Rewards: 20 billion tokens designated for various rewards, including presale rewards for early investors and rewards for holding and using CHIT in the ecosystem.

**Initial DEX Offering (IDO)**: 20 billion tokens are allocated for the IDO, structured in stages to incrementally increase the token price, encouraging early participation.

**Special Features**

**Token Burn**: To create a deflationary effect and enhance the value of CHING, a significant token burn event is planned, where 20 billion CHING tokens will be removed from circulation.

**Transaction Fees**: CHIT transactions incorporate a 5% fee to discourage immediate sell-offs, enhancing stability. CHING transactions have a much lower fee of 0.1%, supporting its role as a value token.

**Security and Governance**

**Escrow and Multisignature Wallets**: Funds raised during the IDO are secured in escrow and multisignature wallets, requiring multiple approvals for transactions, which enhances the security and governance of the token distribution.


### Related Pages:
Read more about: [Chit-Ching](https://chitching.com/about/)

Learn more about: [Chit-Ching Ecosystem](https://chitching.com/docs/).


Visit: [Chit-Ching Website](https://chitching.com/).



### Where Can You Buy CHING?
[CHING](https://xrpl.to/token/ching/) is a token trading on the XRP ledger DEX, the most straight forward way to acquire CHING tokens would be to purchase them through [XRPL DEX](https://xrpl.to/token/ching/trade).




### How to stay tuned for further updates?
If you wish to receive more updates about the Chit-Ching ecosystem and any upcoming events, we suggest you follow [@Chit_Ching_Team](https://twitter.com/Chit_Ching_Team) on Twitter.




