Just a chill guy (CHILLGUY) tokenomics

Just a chill guy (CHILLGUY) is a memecoin inspired by a viral internet character—an anthropomorphic dog known for its relaxed and nonchalant demeanor. Launched on the Solana blockchain in late 2024, the project leverages internet culture to build a community centered around the "chill" lifestyle.

Issuance and Supply Mechanism

The issuance of CHILLGUY followed a standard memecoin launch model, primarily gaining traction through the Pump.fun launchpad on Solana. The token supply is fixed, with no complex minting schedules or inflationary mechanisms reported beyond its initial generation.

• Total Supply: 1,000,000,000 (1 billion) CHILLGUY tokens.
• Circulating Supply: Approximately 999.96 million CHILLGUY, indicating that nearly the entire supply is currently in circulation.
• Blockchain: Primarily Solana (SPL token), though unofficial versions or bridges exist on other chains like Ethereum.

Allocation and Distribution

The allocation of CHILLGUY is characterized by a decentralized ownership model typical of community-driven memecoins. There was no formal Initial Coin Offering (ICO) or structured private sale for the original Solana-based token.

• Community-Driven Distribution: The majority of the supply was distributed through open market purchases on decentralized exchanges (DEXs) like Raydium and later through centralized exchanges (CEXs).
• Liquidity: For the Ethereum-based version of the token, reports indicate that the liquidity was burnt, a common practice in memecoin economics to prevent "rug pulls" and ensure the liquidity pool remains permanent.
• Exchange Availability: The token has achieved significant distribution through listings on major exchanges, including Gemini, KuCoin, Bitget, Bybit, and MEXC.

Usage and Incentive Mechanism

As a memecoin, CHILLGUY's primary utility is speculative, though the project has attempted to expand its ecosystem to provide more engagement-based "utility."

• Speculative Trading: The primary use case is holding or trading based on social media trends, viral memes, and community sentiment.
• Chill Island: The project introduced "Chill Island," a virtual hangout space designed for users to unwind and share memes.
• NFT Integration: The ecosystem includes collectible NFTs featuring vacation-themed items (e.g., hammocks, surfboards, and sunglasses) that can be traded within an integrated marketplace.
• Incentives: There are no formal staking rewards, dividends, or interest mechanisms. Incentives are primarily social, such as community contests and affiliate campaigns hosted on various trading platforms.

Locking and Unlocking Mechanism

Based on available data, CHILLGUY does not feature a traditional corporate or venture capital vesting schedule.

• Locking Mechanism: There is no evidence of a formal locking mechanism for team or advisor tokens, which is consistent with its "CTO" (Community Takeover) and memecoin nature.
• Unlocking Time: There are no scheduled token unlocks. Because the circulating supply is nearly equal to the total supply, the market is not subject to future dilution from "cliff" or "linear" unlock events.

Tokenomics Summary Table

Legal and Intellectual Property Context

It is important to note that the token economics and market value have been significantly impacted by external factors regarding intellectual property. The original artist of the "Chill Guy" character, Phillip Banks, has publicly stated that the memecoin is an unauthorized use of his copyrighted work. He has expressed intent to issue takedown notices for commercial uses of the character, which has historically caused volatility in the token's market performance.