Chiva Token (CHIV) is a multiverse of multiplatform games built on the Binance Smart Chain (BSC). The platform offers non-fungible tokens (NFT) based digital creatures that users can own, sustain, and trade. Users can purchase these NFTs from the platform's marketplace. Also, users can play and earn different types of rewards and may acquire real-world assets in the games. The platform provides places known as corrals where users can accumulate their Chivas until they create their herd. Chiva refers to a "female goat" in Spanish. The users must keep their Chivas healthy to support other people's herd by providing loans from their Chivas. The loan can happen under a smart contract to maintain ownership of the assets belonging to the concerned parties.
Users can participate in various game modes such as the farm, exploration, and competitive games. In the farm mode, users receive a corral having space for one Chivas and five NFTs that produce a farming token HR. In the exploration mode, users explore maps and look after the hunger, habitat, protection from predators, hostile weather, etc., to earn rewards. Users can exchange these rewards for the real-world economy. On the other hand, the user's herds compete against each other in the competitive mode, but a user can play only limited matches daily. Apart from this, the platform also offers scholarships. In the scholarship, traders give an opportunity to users to participate in Chivas farming. In such a case, users and traders share the reward percentage of HR.
The Chiva token (CHIV) is the main currency of the Chivas Farming game, as well as a governance token with which the team intends to have real-world use. Users can utilize the Chiva tokens to purchase NFTs in the marketplace. CHIV also serves as an exchange once the user generates HR within the game.
Moreover, all transactions in the marketplace have a commission of 5 percent. Three and a half percent of the commission gets redistributed as game rewards, and the remaining one and a half goes to the development team.
According to its whitepaper, the platform plans to launch the competitive mode in the games and implement a skills academy in the upcoming months.
