Chimera (CHIM) Price, Charts & Market Data

Chimera (CULT) serves multiple purposes within its ecosystem. Primarily, it is used for staking, allowing users to earn rewards by holding and staking their tokens. Stakers receive sCULT (staked CULT), which auto-compounds to increase the balance over time. The token also plays a role in various quests and activities designed to engage the community and incentivise participation. Additionally, users can participate in rituals and other activities to earn Faith Points, further integrating the cultural and financial aspects of the project​.

Although 'CULT' was the ticker assigned at the deployment of the Chimera Token's smart contract, it is already in use by another asset that has a larger market presence and higher trading volume on major exchanges. Due to this pre-existing association and to avoid confusion in the marketplace, the alternative ticker 'CHIM' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified.