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πŸ’¬chatnet official whitepaperπŸ“ƒ

a decentralized forum launchpad on avalanche

founded and developed by snaps.avax

No time? Here's the TL;DR.

chatnet is a launchpad/explorer web3 app allowing people to create and browse custom, on-chain, open-source, and decentralized chat rooms/message boards via the avalanche blockchain. chats are inspired by the earlier days of the internet, and are open-source, allowing anyone to plug & play their own custom frontend for their chat, or even release their own custom explorer client to browse & contribute to all chats with. chat creators are entitled to a portion of fees generated by their chats.

$CHAT is the ecosystem token for the platform. in some chats, users will have to pay a $CHAT fee to post. Chat creators can choose to include this fee in their chat, or not. They can also choose to accept custom ERC-20 tokens for tips/message fees. this $CHAT fee then gets redistributed to the chat creator, $CHAT stakers and the chatnet treasury.

The Problem, & Our Solution

Current message boards and social forums suffer from an entrenched layer of centralization that limits user agency, censors content arbitrarily, and concentrates power – and profits – among a handful of large platforms. With centralized platforms like Reddit, decisions about moderation, platform rules, or monetization often happen behind closed doors, leaving communities at the mercy of corporate interests. Early internet forums, by contrast, were freer, more open, and community-driven, enabling users to shape their own digital public squares without fear of being &quotdigitally gentrified&quot. ChatNet aims to revive this spirit of decentralization by providing a launchpad for anyone to create on-chain, open-source, token-gated, and community-owned chat spaces. By placing governance, ownership, and data transparency in the hands of the participants, ChatNet reclaims the original promise of the internet as a free, fair, and openly accessible commons.

How do we solve the information crisis?

Tokenize.

Decentralize.

Publicize.

The Rundown

Chats are decentralized forums, or message/image boards inspired by the earlier days of reddit and the decentralized nature of early internet forums and message boards. The main site will include an explorer to browse the chats with, and a launchpad for users to launch their own chat and earn fees from it.
Anyone can create their own chat by paying a fee in $CHAT, and earn fees when users post (if the launcher chooses to include messagefees on their board). The chat launcher can also allow custom ERC-20 tokens to be accepted for fees, tips, and token-gating. ERC-721 token-gated chats will also be an option. This way, an NFT community can allow their holders to exclusvely post, and others would have to pay a fee to post.
Contracts will also be open-source, so anyone can plug & play their own custom frontend for their chat, or even release their own custom explorer client. Ease of use will be a core ideal for this project, we want to make it as simple as possible for devs to incorporate chats into existing or developing applications.
Within a chat, users can post, like, dislike, reply, to, and tip messages, all on-chain. Tipping and message fees will be natively possible with $AVAX, but also supported with other popular tokens, and/or a custom ERC-20 token inputted with the launch of the chat.
Users will initially register a username to connect to their wallet, and sign up. There will be a small sign-up fee to reduce bots and mitigate airdrop farming. This username will be the same across all chats, and will be connected to the user's wallet address. This will allow users to have a unique identity across all chats, and will be a core feature of the chatnet platform.
Users will be able to create a profile page, which will include their username, avatar, and a link to chats they have created, if they want to display them. We are hoping to add numerous ways for users to customize their profile pages. ChatNet should feel like myspace 2.0, with the added benefits of blockchain technology.

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The $CHAT Token - What, Why, & How

$CHAT is a token (to-be-launched) which will fuel the chat economy.
$CHAT will be used for:
- username registration fee
- chat creation fee
- post fee (in some chats)
- tips
- profile, username, & post customization
- fee redistribution, via staking

50% of $CHAT fees collected will always be burned. The rest is split between $CHAT stakers in a revenue sharing system, and a treasury used for marketing (airdrops, partnerships DEX, etc), research & development, and other general costs like X premium and potential upkeep of the main website.

Tokenomics

30%

30%

30%

5%

5%

Presale 30%
Whitelist 30%
Public 30%
Team 5%
Redacted 5%

Presale

Our presale consisted simply of a wallet to send a maximum of 10 $AVAX to per contributing wallet. 15% of total $CHAT supply will be paired with half of the $AVAX accumulated from the presale. Another 15% of $CHAT supply will be distributed to presale contributors based on their percentage of total contributions. For example, if two wallets both contribute 10 $AVAX, they will both get the same $CHAT allocation.
Presale started when this whitepaper went live, and ENDED December 25th 2024, @ 23:59 UTC. In total, over 110 $AVAX in funding was seeded for the project.
Contributions
50%
25%
25%
$CHAT Allocation
50%
25%
25%
Team
Contributors
PHAR LP
JOE LP

Whitelist & Public Sales

Whitelist sale will begin January 1st 2025, @ 23:59 UTC, and end on January 8th, @ 23:59 UTC. Users will be able to contribute a maximum of 10 $AVAX/wallet.
Whitelist sale works similarly to the presale in the way that equal contribution = equal allocation.
We are currently collecting wallet addresses, and working on a whitelist checker system, and will be releasing it shortly.


Public Sale & token distribution event

Details of the public sale and token distribution event are being finalized, expect it to happen (or at least begin) ~1-2 weeks after the whitelist sale finishes.
Contributions
35%
35%
20%
$CHAT Allocation
50%
25%
25%
Contributors
PHAR LP
JOE LP
Team
WWF (5%)
Redacted (5%)
Signup
Chat Creation
50%
30%
20%
Tip fees
50%
50%
Profile fees
50%
20%
30%
Post fees
65%
20%
15%
Burn
$CHAT Stakers
Treasury

Conclusion

An existing basic proof of concept app has been released. Users of this app will have their usernames merged into the new contracts and given special early adopter badges. This will be open for entry until launch. Expected time to MVP launch is 1–2 months. I am a solo-developer taking the plunge, trying to make this my career. All feedback is appreciated! AMA!

disclaimer

this whitepaper is potentially subject to change. development is still underway, and (mostly creative) decisions may shift before launch. additionally, not all features will necessarily be available at the time of launch.