Just a chill guy (CHILLGUY) Tokenomics

The token economics for Just a chill guy (CHILLGUY), a memecoin inspired by the viral "Chill Guy" meme, are characteristic of speculative assets within the cryptocurrency space. The token is primarily built on the Solana ecosystem, though an Ethereum contract address is also noted.

Issuance Mechanism and Supply

The total and circulating supply figures indicate a fixed, large supply typical of many meme tokens:

• Total Supply: The total supply of the CHILLGUY token is 1 billion tokens.
• Circulating Supply: The circulating supply is reported to be approximately 999.96 million CHILLGUY tokens. This suggests that nearly the entire supply is already in circulation.

The token's value is highly speculative, and it has been noted for extreme price volatility.

Allocation Mechanism

Specific, detailed token allocation breakdowns (e.g., percentages for team, treasury, or community) are not publicly available in the provided information. However, the nature of the token suggests a focus on public distribution and liquidity:

• Liquidity: Information related to the Ethereum contract mentions that liquidity is burnt, a common mechanism in decentralized finance (DeFi) to ensure permanent liquidity and prevent rug pulls.
• Acquisition: Users typically acquire CHILLGUY through purchases on centralized exchanges (CEXs) like Gemini, WOO X, Bybit, and Bitget, or decentralized exchanges (DEXs) such as Uniswap.

Usage and Incentive Mechanism

As a memecoin, CHILLGUY has a limited functional utility, focusing instead on community and speculative value:

• Primary Use: The token has no featured or planned functionality beyond being exchanged or held for speculative purposes.
• Incentives: A commercially reasonable search found no methods by which users or tokenholders can earn fees, additional tokens, or any form of compensation (such as dividends, interest, or liquidity rewards) by interacting with the network or simply holding the token.
• Community Focus: The project's mission is centered on building a community around the "Chill Guy" meme, symbolizing a relaxed, nonchalant attitude in the chaotic crypto world. The project engages in affiliate campaigns and contests to drive community participation and visibility.

Locking Mechanism and Unlocking Time

Detailed information regarding formal locking mechanisms, vesting schedules, or specific unlocking times for the CHILLGUY token is not available.

In general, meme tokens with a near-fully circulating supply (999.96 million out of 1 billion) typically do not feature complex vesting or locking schedules for the majority of their supply, as the tokens are already distributed and liquid.

Legal and IP Challenges

It is important to note that the CHILLGUY token has faced significant legal and intellectual property (IP) challenges. Phillip Banks, the artist who created the original "Chill Guy" meme, has publicly stated that the memecoin is an unauthorized use of his copyrighted character and has announced plans to issue takedown requests against the project for commercial use. Furthermore, the token has been subject to scrutiny by legal firms, including Burwick Law, which is investigating it alongside other tokens for potential involvement in "pump-and-dump" schemes and unregistered securities.