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El Chupacabra is a DeFi + NFT community project which aims at supporting the NFT environment, strengthening the community, and making its contribution to the Web3 ecosystem. It is based on the Crypto BEP-20 Token CHUPA which is by design limited in supply and deflationary. Tokens will be used to make NFT investments following a community votum, to reward the community, and secure liquidity in the network. Given his nature, El Chupacabra is hungry for prey – which in this case are NFTs. We will leverage this nature to add value to the Web3 ecosystem.

• Total CHUPA supply are 2,000,000,000 tokens.
• Tokens are deflationary as no further tokens can be created, but tokens can be burned.
• No taxes, no rebase, the supply is what it is.

INITIAL TOKEN DISTRIBUTION

• 20% of total supply will be initially kept for operations, marketing, and community work.
• 70% of the total supply are the initial investment pool and will be made available on the market in tranches (see details in the investment pool section).
• 10% of the total supply will be initially kept in the CHUPA founding wallet.
• The ratio of the initial token distribution will naturally change with time and progress.

• The core of the project is the investment pool. 70% of the total supply (1,400,000,000 CHUPA) are the initial investment pool and made available to the market. To secure a healthy ecosystem with a positive price momentum and liquidity, a privately raised fund worth approx. USD 21,000 at the time of writing this (35BNB) will be provided as the initial BNB liquidity in exchange for 10% token reward to the founding team. Together with the respective CHUPA share, the initial liquidity is at approx. USD 42,000.
• The opening price per CHUPA will result from the 35 BNB liquidity pool for 1,400,000,000 CHUPA at 0.00000002 BNB, equaling roughly USD 0.000015. The price is expected to go up rapidly in the early time after launch, token purchase follows the first come first serve approach.
• The long-term goal of the project (as the stability of the eco system allows it with respect to a robust liquidity) is to invest a share of approx. 15% of the income BNB into NFTs, following the community votum. It will also give a limited opportunity to buy back CHUPA without the burden of taxes.

PHASE 1

• Raise project funding >USD 50,000 ✓
• Development (Contract, Website) ✓
• Create Twitter Account ✓
• Create Telegram Account ✓
• Marketing Campaign
• Create initial liquidity >USD 20,000 and set starting price to 0.00000002 BNB ✓
• Create NFT account 1.0 (Ethereum)
• 10 NFTs created
• Coinmarketcap Listing
• Coingecko Listing

**Planned completion in Q4 2021**

PHASE 2

• Aspired milestone: 1,000 CHUPA holders
• 100 NFTs created
• Launch BSC-based NFT account & transfer NFTs
• Launch community-backed NFT purchase
• Airdrop campaigns for token holders and community
• Launch NFT airdrops for $CHUPA holders
• Acquire partners

PHASE 3

• Aspired milestone: 10,000 CHUPA holders
• 1000 NFTs created
• Create El Chupacabra meme NFT platform
• Centralized exchange listing
• Give-back campaigns
• More to come...