| N | Field | Content |
|---|---|---|
| 00 | Table of contents |
II. Summary Part A: Information about the offeror or the person seeking admission to trading Part B: Information about the issuer, if different from the offeror or person seeking admission to trading Part C: Information about the operator of the trading platform in cases where it draws up the crypto-asset white paper and information about other persons drawing the crypto-asset white paper pursuant to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114 Part D: Information about the crypto-asset project Part E: Information about the offer to the public of crypto-assets or their admission to trading Part F: Information about the crypto-assets Part G: Information on the rights and obligations attached to the crypto-assets Part H: Information on the underlying technology Part I: Information on the risks Part J: Information on the sustainability indicators in relation to adverse impact on the climate and other environment-related adverse impacts |
| 01 | Date of notification |
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| 02 | Statement in accordance with Article 6(3) of Regulation (EU) 2023/1114 |
The offeror of the crypto-asset is solely responsible for the content of this crypto-asset white paper. |
| 03 | Compliance statement in accordance with Article 6(6) of Regulation (EU) 2023/1114 |
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| 04 | Statement in accordance with Article 6(5), points (a), (b), (c), of Regulation (EU) 2023/1114 |
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| 05 | Statement in accordance with Article 6(5), point (d), of Regulation (EU) 2023/1114 |
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| 06 | Statement in accordance with Article 6(5), points (e) and (f), of Regulation (EU) 2023/1114 |
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| 07 | Warning in accordance with Article 6(7), second subparagraph, of Regulation (EU) 2023/1114 |
This summary should be read as an introduction to the crypto-asset white paper. The prospective holder should base any decision to purchase this crypto-asset on the content of the crypto-asset white paper as a whole and not on the summary alone. The offer to the public of this crypto-asset does not constitute an offer or solicitation to purchase financial instruments and any such offer or solicitation can be made only by means of a prospectus or other documents pursuant to the applicable national law. |
| 08 | Characteristics of the crypto-asset |
Notwithstanding the aforementioned, for the avoidance of doubt, it is clarified that the $DOJO token does not strictly qualify as a utility token under Article 3 of the Regulation (EU) 2023/1114, as the associated utilities are not provided directly by the issuer and is therefore qualified as one ‘other cryptoasset’. All funds collected from the sale of $DOJO Tokens will be classified as revenue and shared between NIP and the Offeror, i.e. a Swiss based company Socios Technologies AG (“STAG”). A portion of the proceeds will be used to fund utility provisioning for the $DOJO Token, including the acquisition of ticketing, merchandise and experiential prizes offered as rewards to token holders. The $DOJO exemplifies a transparent and regulated approach to Fan Token issuance, ensuring that purchasers are informed, protected, and treated fairly under applicable European Union (hereinafter referred to as the "EU") legislation, especially Regulation (EU) 2023/1114 (“MiCA”), which grants prospective purchasers with the following guarantees, among others: Rights and Obligations of the Purchaser:
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| 09 | Further information about utility tokens |
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| 10 | Key information about the offer to the public or admission to trading |
Total offer amount= 75,000 $DOJO tokens offered to the public x amount of $CHZ equivalent to 1 USD per $DOJO token= Amount of $CHZ equivalent to USD 75,000. Total number of $DOJO tokens to be offered to the public = 75,000 $DOJO tokens Subscription period = (i) 24.06.2025 at 14:00 CEST to 24.06.2025 at 23.59 CEST or(ii) until the total number of $DOJO offered to the public are effectively sold, whichever occurs first. Minimum and maximum subscription amount: Does not apply. Issue price = Amount of USD1 worth of $CHZ per $DOJO Token Subscription fees (if any): Does not apply. Target holders of tokens: Retail Investors (NIP Fans and Chiliz ecosystem community members) Description of offer phases: 3 Waves:
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| N | Field | Content | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| A.1 | Name |
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| A.2 | Legal form | N/A as LEI is provided in A.6 | |||||||||
| A.3 | Registered address | N/A as LEI is provided in A.6 | |||||||||
| A.4 | Head office | N/A as LEI is provided in A.6 | |||||||||
| A.5 | Registration date |
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| A.6 | Legal entity identifier |
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| A.7 | Another identifier required pursuant to applicable national law | N/A as LEI is provided in A.6 | |||||||||
| A.8 | Contact telephone number |
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| A.9 | E-mail address |
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| A.10 | Response time (Days) |
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| A.11 | Parent company | N/A as LEI is provided in A.6 | |||||||||
| A.12 | Members of the management body |
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| A.13 | Business activity |
The vision is to support the continued growth of Fan Tokens into a world-recognised digital asset class by delivering a range of Fan Token services and features tailored to the global Web3 sports community. The primary audience comprises individuals aged 18 and above, with intersecting interests in cryptocurrency, Web3 technologies, and sports. The Group’s target markets include the European Economic Area (EEA). Italy and Spain are currently our principal markets in Europe due to the partnership inroads we've made in the respective sports leagues and the growing interest in crypto assets. Beyond the EU, our global platform aims to cater to fans worldwide, adhering to local regulatory standards. Brazil is particularly significant in our strategic plan. The country's deep football culture and the proactive stance of local authorities and regulators toward blockchain technologies make it an ideal target market. |
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| A.14 | Parent company business activity |
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| A.15 | Newly established |
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| A.16 | Financial condition for the past three years |
Over the past three years, the company has demonstrated a clear trajectory toward financial stability, driven by disciplined cost management, strategic growth initiatives, and operational improvements. Following a highly profitable year in 2021, the company faced a net loss in 2022 due to challenging market conditions, rising operating expenses, and significant investments in scaling its business. However, in 2023, decisive measures to enhance efficiency, optimize expenditures, and strengthen revenue streams led to a substantial reduction in losses. By 2024, these efforts had significantly improved financial performance, with key metrics reflecting a strong upward trend:
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| A.17 | Financial condition since registration |
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| N | Field | Content |
|---|---|---|
| B.1 | Issuer different from offerror or person seeking admission to trading |
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| B.2 | Name | N/A |
| B.3 | Legal form | N/A |
| B.4 | Registered address | N/A |
| B.5 | Head office | N/A |
| B.6 | Registration date | N/A |
| B.7 | Legal entity identifier | N/A |
| B.8 | Another identifier required pursuant to applicable national law | N/A |
| B.9 | Parent company | N/A |
| B.10 | Members of the management body | N/A |
| B.11 | Business activity | N/A |
| B.12 | Parent company business activity | N/A |
| N | Field | Content |
|---|---|---|
| C.1 | Name | N/A |
| C.2 | Legal form | N/A |
| C.3 | Registered address | N/A |
| C.4 | Head office | N/A |
| C.5 | Registration date | N/A |
| C.6 | Legal entity identifier | N/A |
| C.7 | Another identifier required pursuant to applicable national law | N/A |
| C.8 | Parent company | N/A |
| C.9 | Reason for crypto-asset white paper Preparation | N/A |
| C.10 | Members of the management body | N/A |
| C.11 | Operator business activity | N/A |
| C.12 | Parent company business activity | N/A |
| C.13 | Other persons drawing up the crypto-asset white paper according to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114 | N/A |
| C.14 | Reason for drawing the white paper by persons referred to in Article 6(1), second subparagraph, of Regulation (EU) 2023/1114 | N/A |
| N | Field | Content | ||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D.1 | Crypto-asset project name |
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| D.2 | Crypto-asset name |
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| D.3 | Abbreviation |
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| D.4 | Crypto-asset project description |
The $DOJO Token will be used directly within the NIP's native fan loyalty and engagement platform - The NIP Dojo - to shape various user experiences including tiering up loyalty tiers, accessing exclusive content and exclusive selected NIP merchandise and experiences. The token may also have additional utility on the Socios.com fan engagement and rewards platform subject to NIP’s discretion. These utilities may include fan voting options, and a lock-for-rewards mechanism, which allows users to temporarily lock $DOJO tokens in exchange for potential NIP rewards or prizes. However, these features are not guaranteed and remain solely at NIP’s discretion. The project's mission is to drive fan engagement while upholding the trust and accountability required by the evolving regulatory landscape. |
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| D.5 | Details of all natural or legal persons involved in implementation of crypto-asset project |
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| D.6 | Utility Token Classification |
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| D.7 | Key Features of Goods/Services for Utility Token Projects | N/A | ||||||||||||||||||||||||
| D.8 | Plans for the token |
January–May 2025: Preparation of all MiCA-compliant legal materials and completion of blockchain and token-related technical components. May–June 2025: Execution of pre-marketing activities targeting retail users and setup of community and marketing channels. June 2025: Initiation and conclusion of the public offer, followed by the launch and distribution of the $DOJO Token. June 2025 (post-Offering): Availability of liquidity for $DOJO on Kayen.org and allocation of proceeds between NIP and STAG, with part dedicated to utilities on the DOJO platform; STAG assumes management of the non-circulating supply. |
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| D.8 | Plans for the token |
Potential initial listings on centralized exchanges to broaden market access and strengthen the long-term reach of the $DOJO Token. |
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| D.9 | Resource allocation |
Additionally, marketing efforts of Socios Technologies AG and NIPG FZ LLC in relation to the Offering will be deployed to drive awareness, foster community engagement, and ensure the successful adoption of the token. |
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| D.10 | Planned use of Collected funds or crypto-Assets |
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| N | Field | Content |
|---|---|---|
| E.1 | Public offering or admission to trading | |
| E.2 | Reasons for public offer or admission to trading |
Community Growth and Fan Engagement:
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| E.3 | Fundraising target |
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| E.4 | Minimum subscription goals | N/A |
| E.5 | Maximum subscription goals | N/A |
| E.6 | Oversubscription acceptance |
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| E.7 | Oversubscription allocation | N/A |
| E.8 | Issue price |
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| E.9 | Official currency or any other crypto-assets determining the issue price | |
| E.10 | Subscription fee |
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| E.11 | Offer price determination method |
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| E.12 | Total number of offered/traded crypto-assets |
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| E.13 | Targeted holders | |
| E.14 | Holder restrictions |
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| E.15 | Reimbursement notice |
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| E.16 | Refund mechanism |
Custody of Funds (EEA-based users only) $CHZ contributions from EEA-based users raised during the public offering will be transferred to Socios Services Baltics, UAB, a registered CASP authorized by the FIAU in Lithuania to provide custody services on behalf of the offeror as required under Article 10(3) point (b) of MiCA. Refund Process Cancellation If the public offer is cancelled for any reason, the $CHZ collected during the offer will be transferred back to the users’ Socios.com Wallets. Such transfers will be initiated by the Offeror and do not require any requests from purchasers. Alternative Refund Mechanism No other refund mechanism is available or offered, as these methods provide a secure and direct means of reimbursing participants. |
| E.17 | Refund timeline |
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| E.18 | Offer phases |
Pre-Offer Phase (January–March 2025): Preparation and Compliance:
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| E.19 | Early purchase discount |
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| E.20 | Time-limited offer |
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| E.21 | Subscription period beginning |
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| E.22 | Subscription period end |
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| E.23 | Safeguarding arrangements for offered funds/crypto-Assets |
Custodian Oversight The $CHZ contributions collected from EEA-based purchasers are transferred to and held in Socios Services Baltics UAB wallet, which acts as the custodian of the funds on behalf of Socios Technologies AG. The custodian is responsible for safeguarding the contributions until the conclusion of the public offer and any refund processes. Refund Mechanisms EEA-based retail participants have the right to withdraw their contributions during the subscription period by submitting claims and following the refund mechanism described in E.26 Right of Withdrawal. Transparent Allocation At the conclusion of the public offer, funds are allocated for their intended use, as outlined in this white paper, focusing on regulatory and operational compliance. |
| E.24 | Payment methods for crypto-asset purchase |
No other payment methods, including fiat currencies or any other cryptocurrencies, will be accepted during this public offer. |
| E.25 | Value transfer methods for reimbursement |
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| E.26 | Right of withdrawal |
Participants will be refunded through the following mechanism: Subscription Period The $DOJO public offer opens on 24.06.2025 at 14:00 CEST and ends on 24.06.2025 at 23:59 CEST or upon the complete sale of the 75,000 $DOJO tokens offered to the public, whichever occurs first. Pending the subscription period, participants may claim back their $CHZ if they decide to cancel their purchase order of the $DOJO Tokens. Custody of Funds $CHZ contributions raised during the public offering as payment of the $DOJO tokens will be transferred to Socios Services Baltics, UAB, an entity authorized by the FIAU in Lithuania to provide custody services, which will carry this activity on behalf of Socios Technologies AG. Right to Claim Refund EEA-based retail holders who have transferred $CHZ have until the end of the subscription period to submit a reimbursement claim to withdraw their $CHZ and cancel their purchase agreement of $DOJO tokens. No reimbursement claims submitted after this deadline will be processed nor approved in any event. Refund Process EEA participants can initiate the cancellation process to withdraw their purchase of $DOJO effortlessly through their transaction history on the Socios.com platform. A Cancel button will be available next to the relevant transaction entry. Upon selecting this option, customers will be prompted to confirm their cancellation request. Once confirmed, a new transaction entry will appear in the user’s transaction history, confirming the request is being processed. Once confirmed, the refund process will be initiated immediately. The corresponding amount of $CHZ will be returned to the customer’s wallet, with the refund being processed as soon as the blockchain network completes the necessary transactions. The exact timing of the refund will depend on network conditions, but the process is designed to ensure the fastest possible settlement. |
| E.27 | Transfer of purchased crypto-assets |
Following the conclusion of the subscription period, the $DOJO tokens will be distributed to participants via an airdrop mechanism, the logic and execution of which being automated through a smart contract. The $DOJO token distribution via the above mentioned smart contract is scheduled to take place on June 25, 2025 at 12:00 CEST, so that all refund requests pursuant to the withdrawal right being exercised by EEA participants are processed before the $DOJO token distribution. Pro-Rata Allocation: Participants in the public offer submit a request to purchase a fixed number of $DOJO tokens that are denominated in $CHZ (at a fixed price of 1USD worth of $CHZ per $DOJO token that is based on the CHZ/USD conversion rate at the time of purchase). Therefore the $DOJO tokens are allocated as per the committed purchase amount of the participants during the public offer Blockchain-Based Delivery: The $DOJO tokens will be distributed to eligible participants via the airdrop smart contract. $DOJO Tokens will be delivered directly to the Chiliz Chain wallet address associated with the Socios.com Wallet that the participant used to participate in the public offer. Direct delivery grants a seamless, transparent, and secure transfer of the $DOJO tokens to holders, while leveraging the efficiency of the Chiliz Chain. Exclusivity of Socios.com Wallet: As participants are required to participate in the public offer via the Socios.com Wallet, only Socios.com Wallet addresses on the Chiliz Chain will receive $DOJO tokens. |
| E.28 | Transfer time schedule |
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| E.29 | Purchaser's technical requirements |
Socios.com Wallet: Purchasers must have a registered account on Socios.com platform and set up their Socios.com Wallet to participate in the public offer and to receive the $DOJO tokens. Secure Wallet Management: Purchasers are responsible for securing their wallet credentials, including private keys and recovery phrases, to ensure the safety of their assets. |
| E.30 | Crypto-asset service provider (CASP) name | N/A |
| E.31 | CASP identifier |
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| E.32 | Placement form | |
| E.33 | Trading platforms name | N/A |
| E.34 | Trading platforms market identifier code (MIC) | N/A |
| E.35 | Trading platforms access | N/A |
| E.36 | Involved costs |
No hidden or issuer/offeror-imposed fees apply to the purchase of $DOJO tokens. |
| E.37 | Offer expenses |
These efforts have been directed towards technical development, compliance with MiCA, and project planning to ensure a successful public offer and token launch. |
| E.38 | Conflicts of interest |
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| E.39 | Applicable law |
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| E.40 | Competent court |
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| N | Field | Content |
|---|---|---|
| F.1 | Crypto-asset type |
Ownership of the $DOJO Token entitles owners access to all $DOJO token-gated features offered on day of issuance and in the future by both NIP via its native platforms or, potentially on the Socios.com platform at sole discretion of NIP and for the duration of the contractual relationship between NIP and Socios Technologies AG, the issuer/offeror of the $DOJO Token. The $DOJO Token, importantly, has no legal or otherwise rights or obligations attached to it either by those purchasing the token or the Team the token is issued on behalf of, nor does it entitle holders thereof to participate in any decisions which are ordinarily reserved to corporate bodies or vested in directors and shareholders of either NIP or Socios Technologies AG, nor shall it entitle holders to receive any sort of profits generated by NIP or Socios Technologies AG. Token Classification: The $DOJO Token is designed as a fungible token that enhances fan engagement and interaction within the NIP community. Its primary purpose is to serve as a community-driven token, offering exclusive access, experiences, and participation opportunities within the NIP ecosystem. Therefore, $DOJO token falls within the definition of crypto-asset set forth in article 3 of Regulation (EU) 2023/1114) as it is a digital representation of a value or of a right that is able to be transferred and stored electronically using distributed ledger technology or similar technology (Chiliz Chain). $DOJO does not purport to maintain a stable value and, thus, it should be classified as a crypto-asset other than asset-referenced token or e-money token. For the avoidance of doubt, the $DOJO token does not strictly qualify as a utility token under Article 3 of the Regulation (EU) 2023/1114, as the associated utilities are not provided directly by the issuer. Blockchain: The $DOJO operates on the Chiliz Chain, a fully sovereign EVM-compatible layer 1 blockchain. Allocation and Distribution: A total of 75,000 $DOJO tokens will be distributed during a fair-launch public offer, with the focus of the initial launch being on equitable access for participants. |
| F.2 | Crypto-asset functionality |
As an IP-tied community token, the $DOJO Token provides holders with access to token-gated features that may be available at the time of issuance and in the future, both on NIP’s native platforms (including The Dojo platform), and potentially via Socios.com, subject to the mutual agreement of NIP and Socios Technologies AG. These features may include engagement opportunities, and fan-based interactions. |
| F.3 | Planned application of functionalities |
The functionalities available shall include, but not be limited to, benefits to be availed of on the NIP and Team’s (esports teams relating to the Ninjas in Pyjamas brand) own platforms. Over time, additional functionalities may be introduced, further enhancing the token holder experience. |
| F.4 | Type of crypto-asset white paper | |
| F.5 | The type of submission | |
| F.6 | Crypto-asset characteristics |
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| F.7 | Commercial name or trading name |
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| F.8 | Website of the issuer |
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| F.9 | Starting date of offer to the public or admission to trading |
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| F.10 | Publication date |
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| F.11 | Any other services provided by the issuer |
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| F.12 | Language or languages of the crypto-asset white paper |
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| F.13 | Digital token identifier code used to uniquely identify the crypto-asset or each of the several crypto assets to which the white paper relates, where available |
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| F.14 | Functionally fungible group digital token identifier, where available |
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| F.15 | Voluntary data flag |
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| F.16 | Personal data flag |
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| F.17 | LEI eligibility |
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| F.18 | Home Member State | |
| F.19 | Host Member States |
| N | Field | Content |
|---|---|---|
| G.1 | Purchaser rights and obligations |
Within this framework, purchasers are nevertheless granted certain rights associated with the acquisition and use of the $DOJO Token, as well as obligations that ensure the proper functioning of the public offer and the ecosystem. These include: Rights of the Purchaser:
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| G.2 | Exercise of rights and obligations |
Procedure: Tokens will be distributed to the Socios.com Wallet address that was provided by the purchaser at the time of participating in the public offer and contributing the $CHZ amount. Distribution is scheduled for 25.06.2025 at 12:00 CEST, following the conclusion of the refund (withdrawal) period and the conclusion of the public offer. Condition: Purchasers must contribute $CHZ during the subscription period (24.06.2025 at 14:00 CEST to 24.06.2025 at 23:59 CEST or until the moment all the 75,000 $DOJO tokens offered to the public are sold, whichever comes first) and not submit a refund claim by the refund deadline (24.06.2025, by 23:59 CEST or until all offered $DOJO are sold, whichever comes first). Right to Withdraw from Purchase Procedure: EEA-based purchasers who wish to withdraw their contributions must submit a claim for reimbursement before the end of the subscription period. Condition: Refunds are only available to those who request them before the refund deadline and consequently do not receive their $DOJO tokens during the distribution period. Right to Refund Upon Cancellation of the Public Offer Procedure: In the event of public offer cancellation, all participants are entitled to a refund. The refunds will be initiated by the custodian engaged by the offeror, i.e. SSB, directly to the users’ Socios.com Wallets. Refunds will be initiated promptly by the custodian and purchasers will be informed of the process. Condition: Applies automatically to all purchasers in the event of offer cancellation. Right to Trade Tokens Procedure: Purchasers can freely trade $DOJO tokens after receiving them in their wallets. Initial liquidity for trading should be provided on decentralized exchanges (DEXs). Condition: Tokens must be held in a Socios.com Wallet or any other non-custodial wallet compatible with the Chiliz Chain to facilitate trading. Fulfillment of Purchaser Obligations Technical Requirements: Purchasers are required to provide a Socios.com Wallet address. Compliance with Contribution Limits: Purchasers must adhere to the maximum purchase limits applicable in each of waves 1 and 2. Secure Wallet Management: Purchasers are obligated to securely manage their wallet credentials, including private keys, to prevent unauthorized access to their funds and tokens. KYC/AML requirements adherence: Users must adhere to any and all AML/CFT requirements including customer due diligence requirements of the socios.com platform. |
| G.3 | Conditions for modifications of rights and obligations |
The terms of the public offer, including purchaser rights (e.g. refund rights, token allocation) and obligations (e.g. contribution limits, technical requirements), are fixed and transparently communicated in advance. This ensures stability and predictability for all participants. In the unlikely event of unforeseen circumstances requiring modifications, participants will be notified promptly, and any changes will comply with applicable regulatory requirements to protect purchaser interests. |
| G.4 | Future public offers |
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| G.5 | Issuer retained crypto-assets |
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| G.6 | Utility Token Classification |
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| G.7 | Key features of goods/services of utility tokens | N/A |
| G.8 | Utility tokens redemption | N/A |
| G.9 | Non-trading request |
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| G.10 | Crypto-assets purchase or sale modalities |
$DOJO Tokens Can Be Purchased or Sold, on Decentralized Exchanges (DEXs): Starting 25.06.2025, initial liquidity will be provided on Kayen.org, the largest decentralized exchange native to the Chiliz Chain. Token holders can use their Socios.com Wallets or any other non-custodial wallet which supports the Chiliz Chain to trade $DOJO directly in a decentralized, peer-to-peer environment. |
| G.11 | Crypto-assets transfer restrictions |
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| G.12 | Supply adjustment protocols |
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| G.13 | Supply adjustment mechanisms |
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| G.14 | Token value protection schemes |
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| G.15 | Token value protection schemes description | N/A |
| G.16 | Compensation schemes |
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| G.17 | Compensation schemes description | N/A |
| G.18 | Applicable law |
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| G.19 | Competent court |
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| N | Field | Content |
|---|---|---|
| H.1 | Distributed ledger technology (DTL) |
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| H.2 | Protocols and technical standards |
$DOJO is deployed on Chiliz Chain, an EVM-compatible layer-1 blockchain described in the official documentation as a fork of BNB Smart Chain, itself a derivative of go-Ethereum. This heritage means Chiliz Chain inherits Ethereum-style account management, transaction encoding and developer tooling, while operating as a distinct network. Token standard The network’s fungible-asset standard is CAP-20, defined in the Chiliz documentation as Chiliz Chain’s ERC-20-style token standard. CAP-20 is code-equivalent to ERC-20 but enforces zero decimals, so all balances and transfers represent whole-number units. $DOJO is treated as a standard CAP-20 Fan Token implementing the familiar ERC-20-style interface. Interfaces and client standards Wallets and applications connect to Chiliz Chain via standard JSON-RPC and WebSocket endpoints. At protocol level, this means Chiliz Chain follows standard Web3 RPC patterns. Any client that supports custom EVM networks can treat Chiliz Chain as another Ethereum-style chain, provided it uses the documented network parameters. |
| H.3 | Technology used |
The $DOJO token contract runs on the Chiliz Chain client implementation published as open-source software in the chiliz-chain/v2 repository, written in Go. A separate genesis-configuration repository defines the chain parameters and network configuration. Together, these components define the execution and consensus stack within which the $DOJO CAP-20 contract is deployed and executed. Smart-contract platform and execution environment Smart contracts on Chiliz Chain are written in Solidity 0.8.24 and compiled for the Shanghai-equivalent EVM introduced with the Dragon8 upgrade. Dragon8 implemented modern Ethereum proposals such as EIP-1559 and EIP-2718, aligning Chiliz Chain’s fee mechanics and transaction format with Ethereum. All transactions on Chiliz Chain are metered using the EVM gas schedule and settled in CHZ, the network’s native token. The deterministic EVM runtime ensures that, given the same inputs and state, contract execution produces identical results across all validator nodes. Transfer and interoperability technology Before transferring $DOJO, users must hold native CHZ to pay transaction fees. Once funded, the same wallet address receives or purchases $DOJO. Transfers are then executed as standard CAP-20 transactions on Chiliz Chain, with gas paid in CHZ and finality achieved upon block confirmation. Two smart-contract-based bridges maintain liquidity between Ethereum and Chiliz Chain:
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| H.4 | Consensus Mechanism |
Chiliz Chain uses Proof of Staked Authority (PoSA), a hybrid consensus mechanism that combines Proof-of-Authority-style validator rotation with Proof-of-Stake-based weighting and eligibility. A limited set of “Main Validators”, each required to bond CHZ and be approved through on-chain governance, is responsible for proposing and validating blocks, while additional validator candidates can remain in an active queue with bonded stake, ready to replace or supplement the main set as staking weights or governance decisions change. Main Validators take turns producing blocks in a deterministic rotation, rather than open competition, which keeps block times predictable. The Parlia consensus engine coordinates block production and interacts with system contracts that manage staking, validator-set updates, distribution of block rewards and penalties for misbehaving or offline validators. This PoSA design, adapted from BNB Smart Chain, is tuned for short block times, low transaction fees and fast practical finality suitable for consumer-facing applications such as Fan Tokens, while relying on a comparatively small validator set and therefore offering a lower degree of permissionless decentralisation than large, fully open validator networks. |
| H.5 | Incentive Mechanisms and Applicable Fees |
The Chiliz Chain incorporates a native incentive model in which validators and delegators are rewarded through both the CHZ inflation mechanism and their share of transaction fees collected on-chain. Transaction fees (gas fees) are payable in $CHZ and are set at a relatively low minimum gas price of 2501 GWEI to enable efficient network usage. A portion of accrued gas fees is burned at protocol level, contributing to long-term supply balancing, while the remainder is distributed to validators as compensation for securing the network. End users interacting with $DOJO during the public offer are not required to hold $CHZ for gas, as fees incurred during the distribution process are subsidized by the Issuer. |
| H.6 | Use of distributed ledger technology |
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| H.7 | DLT functionality description | N/A |
| H.8 | Audit |
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| H.9 | Audit outcome |
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| N | Field | Content |
|---|---|---|
| I.1 | Offer-related risks |
Although the $DOJO is designed to be fully compliant with MiCA, future changes to regulatory requirements could affect the token’s status or its ability to be traded. Jurisdictional Limitations: Purchasers must ensure compliance with local laws in their respective jurisdictions, as regulatory treatment of crypto-assets may vary. Blockchain Dependency Risk The $DOJO token is built on the Chiliz Chain, making it inherently reliant on the stability, security, and long-term operation of the underlying blockchain. Any disruptions, protocol upgrades, or governance decisions on the Chiliz Chain could potentially impact the token’s functionality, transaction speed, and overall ecosystem integration. Changes to gas fees, validator incentives, or consensus mechanisms may also influence transaction costs and user adoption. Wallet and Storage Risks Users and holders of $DOJO are responsible for securely managing their wallets and private keys. If a wallet is compromised due to phishing attacks, malware, or user negligence, funds may be permanently lost. Additionally, potential security breaches in third-party custodial wallets could impact user experience and ultimately result in loss of funds. |
| I.2 | Issuer-related risks |
Issuers of crypto assets must adhere to a wide array of regulatory requirements across different jurisdictions. Non-compliance can result in fines, sanctions, or the prohibition of the crypto asset offering, impacting its viability and market acceptance. Legal Risks Legal uncertainties, potential lawsuits, or adverse legal rulings can pose significant risks to issuers. Legal challenges may affect the legality, usability, or value of a crypto-asset. Reputational Risks Negative publicity, whether due to operational failures, security breaches, or association with illicit activities, can damage an issuer's reputation and, by extension, the value and acceptance of the crypto-asset. Dependency on Key Individuals The success of some crypto projects can be highly dependent on the expertise and leadership of key individuals. Loss or changes in the project’s leadership can lead to disruptions, loss of trust, or project failure. Counterparty Risks Risks associated with the issuer's partners, suppliers, or collaborators, including the potential for non-fulfillment of obligations that can affect the issuer’s operations. |
| I.3 | Crypto-assets-related risks |
Although the $DOJO is designed to be fully compliant with MiCA, future changes to regulatory requirements could affect the token’s status or its ability to be traded. Jurisdictional Limitations Purchasers must ensure compliance with local laws in their respective jurisdictions, as regulatory treatment of crypto-assets may vary. Market and Liquidity Risks: Volatility $DOJO’s value is likely to be highly volatile and subject to market speculation. The token’s price may fluctuate significantly, resulting in potential losses. Liquidity Risk The availability of liquidity depends on the level of trading activity on decentralized exchanges (DEXs) and, where applicable, on centralized exchanges (CEXs). Insufficient trading volume could hinder the ability to buy or sell the $DOJO tokens. |
| I.4 | Project implementation-related risks |
The $DOJO token will be compatible with many platforms across the Chiliz Chain or even the wider EVM Ecosystem. It is always best practice to only interact with reputable platforms which Operational Risks These include risks related to the issuer's internal processes, personnel, and technologies, which can affect their ability to manage crypto-asset operations effectively. Failures in operational integrity might lead to disruptions, financial losses, or reputational damage. Evolving Technology Risks Blockchain technology is rapidly evolving, and new standards, protocols, or competitor chains could render existing token implementations obsolete. The NIP team will keep an eye on trends changes and upgrades to make sure the $DOJO token does not fall short. |
| I.5 | Technology-related risks |
Despite thorough testing and audits, smart contracts are susceptible to vulnerabilities such as logic errors, reentrancy attacks, or integer overflows. If an exploit is discovered in the $DOJO token’s contract, it could lead to financial losses, token theft, or unintended behaviors. Network Security Risks While Chiliz Chain benefits from robust blockchain security, it remains susceptible to network-level attacks such as Sybil attacks, 51% attacks, or DDoS attempts on validators. |
| I.6 | Mitigation measures |
Smart Contract Risks Comprehensive Testing: The smart contracts were extensively tested in multiple scenarios to ensure reliability and correctness during token distribution and refunds. Wallet and Storage Risks User Education:The project provides clear guidance to participants on securely managing their private keys and using Chiliz Chain-compatible wallets, minimizing risks related to loss of access. Network Security Risks Validator Network Diversity: Chiliz Chain’s validator network continues to grow and diversify, enhancing resilience against potential centralization or targeted attacks. Ecosystem Dependency Risks Partnerships with Established Platforms: The $DOJO implementing team aims to collaborate with established and reliable DEX to ensure a smooth trading experience. Any potential future CEX listings shall always prioritize reputable platforms to reduce operational risks. Evolving Technology Risks Adoption of Updates: The $DOJO project team actively monitors advancements in blockchain technology and commits to adopting improvements in the Chiliz Chain ecosystem to maintain competitiveness. |
| N | Field | Content |
|---|---|---|
| S.1 | Name |
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| S.2 | Relevant legal entity identifier |
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| S.3 | Name of the crypto-asset |
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| S.4 | Consensus Mechanism |
Chiliz Chain uses Proof of Staked Authority (PoSA), a hybrid consensus mechanism that combines Proof-of-Authority-style validator rotation with Proof-of-Stake-based weighting and eligibility. A limited set of “Main Validators”, each required to bond CHZ and be approved through on-chain governance, is responsible for proposing and validating blocks, while additional validator candidates can remain in an active queue with bonded stake, ready to replace or supplement the main set as staking weights or governance decisions change. Main Validators take turns producing blocks in a deterministic rotation, rather than open competition, which keeps block times predictable. The Parlia consensus engine coordinates block production and interacts with system contracts that manage staking, validator-set updates, distribution of block rewards and penalties for misbehaving or offline validators. This PoSA design, adapted from BNB Smart Chain, is tuned for short block times, low transaction fees and fast practical finality suitable for consumer-facing applications such as Fan Tokens, while relying on a comparatively small validator set and therefore offering a lower degree of permissionless decentralisation than large, fully open validator networks. |
| S.5 | Incentive Mechanisms and Applicable Fees |
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| S.6 | Beginning of period to which disclosed information relates |
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| S.7 | End of period to which disclosed information relates |
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| S.8 | Energy consumption |
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| S.9 | Energy consumption sources and methodologies |
The share of the token within the network is then determined and a corresponding share of the network's energy consumption is attributed to the token. Since the token has not yet been launched at the time of writing this white paper, estimates are used to determine the share of the token. Other tokens with the same characteristics in terms of technical implementation and structure of the project are selected for this. |
| S.10 | Renewable energy consumption |
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| S.11 | Energy intensity |
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| S.12 | Scope 1 DLT GHG emissions - controlled |
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| S.13 | Scope 2 DLT GHG emissions - purchased |
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| S.14 | GHG intensity |
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| S.15 | Key energy sources and methodologies |
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| S.16 | Key GHG sources and methodologies |
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| S.17 | Energy mix | |
| S.18 | Energy use reduction | N/A |
| S.19 | Carbon intensity | N/A |
| S.20 | Scope 3 DLT GHG emissions – Value chain | N/A |
| S.21 | GHG emissions reduction targets or commitments | N/A |
| S.22 | Generation of waste electrical and electronic equipment (WEEE) | N/A |
| S.23 | Non-recycled WEEE ratio | N/A |
| S.24 | Generation of hazardous waste | N/A |
| S.25 | Generation of waste (all types) | N/A |
| S.26 | Non-recycled waste ratio (all types) | N/A |
| S.27 | Waste intensity (all types) | N/A |
| S.28 | Waste reduction targets or commitments (all types) | N/A |
| S.29 | Impact of the use of equipment on natural resources | N/A |
| S.30 | Natural resources use reduction targets or commitments | N/A |
| S.31 | Water use | N/A |
| S.32 | Non recycled water ratio | N/A |
| S.33 | Other energy sources and methodologies | N/A |
| S.34 | Other GHG sources and methodologies | N/A |
| S.35 | Waste sources and methodologies | N/A |
| S.36 | Natural resources sources and methodologies | N/A |