# Chat-to-Earn
## Introduction The most attractive and innovated features of ChatCoin is that **you can chat with various of AI characters and earn tokens meanwhile.** If you hold the NFT you're chatting with, you will receive a significant multiplier boost. ## Dual Token Model ChatCoin uses a dual-token model to build a sustainable economy. * **$SPK:** The utility tokens(or points) with an unlimited supply. * **$CHAT:** The native token of the ChatCoin ecosystem, with a fixed supply of 1 billion. Check more details: {% content-ref url="chat-to-earn/tokenomics" %} [tokenomics](https://docs.pumpchat.ai/chat-to-earn/tokenomics) {% endcontent-ref %} ## Key Metrics of Chat-to-Earn ### 1. Energy Each account has a specific maximum number of energy points. Energy is consumed in the chat-to-earn process. * 1 energy point = 1 message. * Energy is recorded under the user's address. * Energy recovers over time, fully refilling every 24 hours. * Energy can be upgraded by consuming $CHAT. You can check [here](https://docs.pumpchat.ai/broken-reference) for more details about Energy Upgrade. ### 2. Earning Rate Each of your character has a base earning rate, **determining how much $SPK you earn per message sent**. When you begin a chat with a character, you create a **unique** **copy** of that character for yourself. To increase your earnings, you can: * Upgrade the character by spending $SPK and $CHAT to increase your basic earning rate. * Own the NFT of the character you're chatting with. This will give you an exclusive earning rate bonus. In a word, the actual earning rate = basic earning rate \* ownership multiplier. ### 3. Level Each of your character starts at level 1. You can consume $SPK to upgrade Character levels, boost earning rate, and secure a long-term earning advantage. You can check [here](https://docs.pumpchat.ai/chat-to-earn/level-upgrade-table) for more details about Level Upgrade. ## How To Earn $CHAT ### 1. Chat to Earn $SPK Consume energy to earn $SPK through chatting with AI. * 1 energy point = 1 message. * Each message earns $SPK based on a defined EarningRate determined by the character NFT you interact with. The EarningRate is influenced by two factors: level gain and ownership multiplier. * **Level Gain:** The main method for boosting EarningRate. Level Gain starts from a lower value and continuously increases as the Character's level upgrades, resulting in a significant boost to EarningRate. * **Ownership Multiplier:** By holding the Character's corresponding PFP NFT, your ownership will grant you **an extra multiplier**, boosting your EarningRate accordingly. The ownership multiplier adjusts with the character's level, starting at 2 times. * Lastly, the reward of each message is divided into two parts: * **Basic Reward:** Each energy-consuming conversation earns a variable amount of $SPK, based on the Character's EarningRate. * **Bonus:** High-quality or valuable chats with Character NFT bring extra $SPK rewards. Try to trigger more bonus in your conversations! ### 2. Depositing $SPK to $CHAT Reward Pool **The only way to earn $CHAT is to share reward pool by deposting $SPK.** * Users can deposit $SPK to compete for the regular $CHAT reward pool. **Deposited SPK tokens are one-way and will be burned after each draw.** * The amount of $CHAT earned is based on the user's share of $SPK in the pool for each round. * Each $CHAT reward pool lasts several days, **typically on a 7-day cycle.** After the deadline of each round, the pool will immediately distribute $CHAT to each participant based on their shares. ### $CHAT Reward Pool The $CHAT reward pool is divided into two parts: * **Basic Reward Pool**: Users compete for $CHAT by depositing $SPK into the reward pool each round. These shares are distributed over five years, with at least 50% of the total $CHAT mined through this pool. * **Flexible Reward Pool**: A portion of $CHAT is set aside in the Flexible Pool to offer extra token incentives based on user activity with ChatCoin.