Discover NTO. What’s the Chobies universe about

Dec 26, 2022
11:12
2 min reading

Choise.com team

Discover NTO. What’s the Chobies universe about

Do not confuse NTO with NFT. NTO stands for NFT Token Offering and in fact, packs NFT and tokens into one wrapper. It is a first of its kind exclusive overcollateralized NFT series containing well established, listed tokens at discounts to their current market price.

Chobies NTO is the first of its kind NFT Token Offering opening up the doors for a series of NTOs. By launching it, Choise.com is unlocking a new NFT class – NFTs with real value. Let us break this big thing down into small steps and find out what each of these steps will bring you.

Get 1,000 CHO with every Choby that cost more than the mint price

The Cho Token 16x9

Chobies are not only valuable pieces of art, they are also backed by the CHO tokens with a value far greater than the cost of minting. Thus, by participating in the first-ever NTO you may get CHO at the price 3, 4 and even 6 times less than the current market price – depending on the NTO Stage.

Most CHO inside Chobies have a lockup period of 0-12 months and vesting of 0-36 months. You can wait until your tokens are fully unlocked and vested, or resell them with the NFT early on a secondary market – it is your choice.

Mint your Choby with instantaneous unlock or shorter vesting period

Lockup and Vesting 16x9

As said, tokens are packed with different lockups and various vesting periods.

The lockup means that during this period you cannot do anything with the CHO tokens inside your Choby. Once the tokens are unlocked, you receive the opportunity to dispose of them at your discretion – sell, transfer to another wallet, etc.

The vesting means that during this period you will be evenly credited with a certain number of CHO and at the end of this period you will receive them all.

More than 20% of Chobies have shorter lockup and vesting periods than others and some Chobies do not have them at all. Try to mint your Choby with the most attractive conditions.

Get cashback in CHO

Cashback 16x9

Cashback is an amount of bonus in CHO you may get after minting your Choby. 12% of Chobies have cashback inside – from 50 to 1,000 CHO tokens. Cashback tokens have the same lockup and vesting periods as 1,000 CHO in your Choby.

Take a chance to get extra CHO in addition to 1,000 CHO packed in each Choby.

Find money prizes inside Chobies. Total prize pool $5,000,000

Bonuses 16x9

Bonus is a money prize that you can get with your Choby if you are lucky enough.

1 Choby with a Grand Prize – $100,000
3 Chobies with $15,000
6 Chobies with $5,000
2 Chobies with $3,000
196 Chobies with $2,500
22 Chobies with $2,000
170 Chobies with $1,500 inside

Thanks to smart contract all bonuses are randomly distributed among Chobies and Chobies are randomly distributed among minters.

The amount of USDT will be converted to CHO after claiming. Claiming is available after 10 days of the ending of each stage in “My Profile” section at https://nto.choise.com.

Receive up to 5% royalty on every future Choby resale

Royalty 16x9

Once you minted your Choby, you become the owner of it. If you decide to resell it later, you will enjoy the exclusive right to receive up to 5% royalty for every reselling on every NFT marketplace. Forever.

Learn How to mint your own Choby and Mint it now!