FISH
Project Fisheries
Digital Loyalty Rewards Project
Technical Paper
ABOUT CHRYSALIS
CHRYSALIS is a revolutionary digital software management platform designed to drive growth for CHRYSALIS platform members. The platform's intuitive interface enables members to establish and manage complex loyalty programs and reward projects, facilitating the creation and development of personalized loyalty rewards portfolios. The CHRYSALIS platform facilitates digital asset management through network-participating third-party loyalty programs and CHRYSALIS-associated projects. These projects utilize loyalty rewards distribution algorithms that benefit indirectly from Real-World-Revenues ("RWR") through the loyalty rewards harvesting software product, known as Community Engagement Rewards Token (hereafter “CERT”), which employs blockchain technology.
The platform democratizes value derived from existing third-party loyalty rewards programs and uniquely structured CHRYSALIS-digital rewards projects. These digital rewards projects are accessed through CERT harvesting software associated with revenue-generating commodity production, projects and/or services across key economic industries, including Agriculture, Aquaculture, Energy, Real Estate, Technology, Travel, Transportation and Minerals to name a few. This digital loyalty rewards network platform is known as "CHRYSALIS".
The global digital loyalty program market, valued at US$ 51.5 billion in 2024, is projected to grow at a Compounded Annual Growth Rate (CAGR) of 8.2%, reaching US$ 113.3 billion by 2034. Digital loyalty reward programs extend beyond frequent flyer miles and credit card cashback schemes. While these two categories dominate the industry, numerous other categories offer reward points, coupons, vouchers, and discounts to customers engaged with preferred companies' recurring products or services.
When a CERT software unit is staked to the CHRYSALIS loyalty rewards platform, it is programmed to harvest a share of the tokenized loyalty rewards associated with a digital project. The CHRYSALIS loyalty rewards management software and the CERT loyalty rewards harvesting software is enhanced by tangible revenue streams from matched and associated RWR producing projects. The CHRYSALIS tokenized loyalty platform distinguishes itself through its unique architecture, connecting matched revenue producing projects and their royalty streams, applying the RWRs to positively influence the reward economics indirectly, establishing a dynamic digital loyalty platform network and CERT software product marketplace.
Building upon seven previously successfully launched tokenized digital reward projects and their matched and associated revenue production projects, CHRYSALIS introduces "FISH", the (8th) eighth project in the CHRYSALIS tokenized loyalty rewards series, focusing on "fish protein" commodity production. The FISH tokenized loyalty rewards project represents the first direct pairing between USDT and the FISH projects' tokenized loyalty rewards token, (hereafter the "FISH") reward token.
CHRYSALIS Ecosystem and Token Structure
The Seven tokenized reward projects are accessed by the pairing swaps between the CHRYSALIS loyalty rewards platform through the network's utility token (hereafter, "CHRS"). This architectural design functions to increase demand for the CHRS utility token as each digital loyalty rewards project within the network is paired with CHRS to access those digital loyalty reward projects while their reward economics develop and mature, enabling monetization depth of loyalty rewards and the mechanism to convert loyalty rewards into Real-World-Value (hereafter, "RWV") utilizing the transparency of web3+ technology innovations. The digital project token pairings connected to the CHRS utility token serve as the nucleus of the CHRYSALIS loyalty management software and network’s digital rewards ecosystem. They function as the platform’s primary utility token by uniting the CHRYSALIS portfolio of tokenized loyalty rewards and digital rewards projects with real-world value. This architectural design allows all CHRYSALIS community members to monetize their loyalty rewards, transforming these rewards into RWV in real time. The tokenized project rewards are engineered to pair with CHRS, the network's utility token, with the exception of the FISH project, which implements a direct USDT pairing.
The CHRYSALIS digital loyalty platform establishes defined pathways for engaged community members to develop unique tokenized loyalty rewards portfolios, facilitating the conversion of complex loyalty programs and transforming loyalty rewards projects into RWV to be consumed as the community and stakeholders see fit. Imagine swapping loyalty points or frequent flier miles for all sorts of other digital assets, services and or goods.
The CHRYSALIS digital loyalty rewards platform functions as the convergence point between RWR and value generated from third-party consumer loyalty programs and CHRYSALIS revenue producing projects allowing for tokenization efficiencies with immediate access to monetization paths, establishing the CHRYSALIS digital platform as a distinct digital loyalty rewards ecosystem. Each CHRYSALIS tokenized rewards digital project incorporates specific reward economics that implement declining reward token supply methodologies.
Reward Economics = (Declining Token Supply + Token Value Building Mechanisms)
Revenue generated from revenue producing projects, yields a contractual percentage of pledged revenues in the form of a royalty stream, which is specifically directed to purchase tokenized loyalty rewards for the associated and matched digital project from the secondary marketplace for burning, permanently removing them from circulation and continually reducing the maximum supply of tokenized loyalty rewards. This systematic reduction in maximum reward supply establishes appreciating value for CERT software unit stakeholders who maintain previously distributed tokenized digital project rewards held in their personal portfolio or custody. The inherent value of these privately held token rewards is designed to appreciate in value over time due to the continual decline in digital project reward tokens and their maximum supply. (The fewer tokens available in the marketplace the higher the value of those tokens privately held).
The reward economics design also incorporates real-world revenues in the form of royalty streams through an acquiring of tokenized FISH reward tokens from the secondary market and burning these rewards eliminated maximum supply. Applying this royalty revenue mechanism, combined with a 6% transactional fee on FISH token swaps and sales, contributes to the reward economic design by creating a continuous and decentralized internal declining max supply rewards mechanism. The process systematically reduces the supply of tokenized project rewards tokens, implementing declining maximum supply designed to preserve and potentially increase loyalty rewards token value over time.
Additionally, the loyalty rewards liquidity build wallet receives a 3% transactional purchase premium from all FISH loyalty rewards tokens purchased or swapped on the secondary markets, supporting future liquidity and reward value stability of the tokenized FISH rewards within its pairing(s) pools providing increased monetization depth for its CERT software stakeholders.
This declining tokenized rewards mechanism operates alongside community growth initiatives to enhance platform and digital project adoption attracting additional liquidity and further increasing monetization depth for the software stakeholders. As the maximum supply of reward tokens decreases through the token burning process, the remaining tokens experience positive value influence, benefiting stakeholder's harvesting rewards on the CHRYSALIS platform. Continuous reward token supply reduction and loyal digital project community expansion, combined with the building of future liquidity and stability turbo charges the rewards economics that serve as the foundation of the digital projects value creation.
Economic Principles and CHRYSALIS Platform Architecture
The CHRYSALIS ecosystem implements a distinctive architecture based on established economic principles. The system builds upon Adam Smith's "invisible hand" concept of market efficiency through self-interested actions, incorporating principles of diminishing marginal returns and supply-demand equilibrium. The CHRYSALIS architecture advances these foundational economic concepts by establishing direct correlations between digitized loyalty rewards and their associated commodity production projects. This structure utilizes Real-World-Revenues from these industries to create an automated, data-driven unbiased, unemotional internal market-making mechanism designed for systematic supply reduction within the network's reward economics.
Promax Digital, is the owner and operator of the CHRYSALIS loyalty management software platform and ecosystem. The revenue producing projects allocate specified contractual portions of generated revenues in the form of royalty streams for purchasing associated and matched tokenized digital project rewards from the secondary markets, which are then subsequently burned and permanently removed from circulation. These revenue royalty streams originate from tangible revenue producing projects operating independently from the digital projects reward token distribution system. This design creates an indirect value influencing mechanism whereby stakeholders benefit from potential token appreciation privately held through the systematic burning of secondary loyalty rewards tokens, being purchased by royalty revenues and eliminating publicly available reward tokens.
The digital project rewards distribution system operates through algorithmically programmed smart contracts within each CHRYSALIS digital rewards project, allocating rewards to CERT software stakeholders utilizing the CHRYSALIS loyalty rewards management platform. The platform's tokenization architecture incorporates multiple value-influence mechanisms: tangible project royalty revenue streams, transactional fees, and purchase premiums from secondary market transactions. These components function as a decentralized market-making mechanism to potentially influence token value through systematic maximum supply reduction. Royalty revenue streams serve two specific functions: purchasing matched and associated digital project reward tokens for burning and enhancing monetization depth and stabilizing reward token liquidity pools. This mechanism operates according to established supply-demand economic principles outlined in this FISH technical paper and is administered by CHRYSALIS digital platform administrators.
THE FUTURE
The CHRYSALIS digital rewards platform, originally launched in October 2021 under a different brand name, has established (7) seven digital reward projects with defined goals and achieved specific milestones advancing the CHRYSALIS digital platform's mission of democratizing wealth derived from loyalty rewards programs and projects and distributing the value to its stakeholders. Tokenization now serves as a core technology for stored value instruments and the global digital loyalty rewards industry.
Tokenized RWAs (Excluding Stablecoins) Market Value Hits Over $12B: Binance Research
The market value of on-chain real-world assets (RWAs), excluding stablecoins, demonstrates sustained growth, reflecting investor interest in blockchain-based tokenization of traditional assets. According to Binance Research on Friday, September 15, 2024, total RWAs exceed $12 billion, excluding the $175 billion stablecoin market. Tokenization of RWAs encompasses real estate, government bonds, U.S. treasury bills, stocks, and intangible assets such as carbon offset credits and intellectual property. This technology enhances traditionally illiquid markets through fractional digital asset ownership, transparent record-keeping, and streamlined settlement processes. The tokenization sector accelerates traditional finance's transition to blockchain infrastructure, with major financial institutions including BlackRock (BLK) and Fidelity implementing RWA solutions alongside blockchain-native projects such as Securitize and Polymath.
The CHRYSALIS ecosystem's development focuses on establishing its proprietary layer-one blockchain protocol. The implementation of mobile-supported consensus nodes enables comprehensive decentralization of each digital loyalty rewards project, and other third-party loyalty programs, establishing a DLT mesh network within the Web3+ space. The layer-one protocol implements data integrity validation methodology that eliminates expanding ledger requirements while ensuring complete transaction consensus and shared history verification, effectively addressing double-spend prevention and token forgery protection.
Within the planned CHRYSALIS blockchain, non-sequential processing enables project elements to function independently of operational order. Elements within chains or nano chains execute concurrently or asynchronously, with function triggers activating upon element completion, enhancing transmission efficiency through optimized timestamp processing and transactional capabilities within the Web3+ infrastructure. Through proprietary blockchain architecture, lightweight nano and sub-ledgers operate on smart devices, facilitating node functionality on mobile platforms and enabling scalable blockchain mesh network deployment.
Network scaling demonstrates distinct performance characteristics: enhanced processing speed, increased security parameters, and improved system functionality correlate directly with network expansion. Unlike traditional blockchain architectures that experience performance degradation from primary ledger growth, CHRYSALIS blockchain performance metrics demonstrate positive correlation with network utilization and scale. Multi-purpose elements and functions form the foundation of the system, incorporating programmable "smart" tokens. Integrated within CERT software and network platform architecture, extensive token-level data storage and immediate retrieval capabilities advance tokenization functionality. For future development, the planned open-source layer-two toolbox provides customizable features, enabling authorized platform projects to create and integrate unique tokenized reward systems on the layer-one blockchain foundation.
Through strategic implementation, the CHRYSALIS digital platform and network prioritizes ecosystem development and platform advancement, creating substantial value through its layer-two project CHRYSALIS incubation system. These projects are supported by the CHRS utility token until they achieve sufficient market viability for independent secondary market trading and potential exchange listings. Promax Digital maintains selective criteria, focusing resources on layer-two projects demonstrating significant potential.
Fundamentally, the platform's architecture transforms traditional loyalty rewards programs through tokenization mechanisms, generating ecosystem-wide benefits through increased transaction volume and ever expanded the networks audience. The unique rewards economic design facilitates digital reward token appreciation, driving CHRS utility token value creation through systematic pairing swaps during the layer-two project and the CHRYSALIS incubation process.
At its core, the CHRYSALIS network functions as the birthplace and launching platform for beautiful and successful tokenized loyalty rewards projects, cultivating a growing community of like-minded CERT stakeholders. These participants gain exposure to a diversified digital platform network, specifically focused on transforming commodity production projects anchored in real-world-revenues (RWR), providing value distribution across the CHRYSALIS ecosystem and network.
To advance real-world value creation for CERT stakeholders, CHRYSALIS champions innovative solutions, bridging the gap at the intersection of digital loyalty rewards and physical project revenue implementation. The platform's first version of the evolutionary roadmap, initially presented in June 2023, outlined the development road map trajectory for its proprietary layer-one blockchain protocol. While many steps remain before the full release of the layer-one blockchain protocol can be realized, the current iteration of the CHRYSALIS digital loyalty rewards platform represents a significant milestone toward the final phase implementation, encompassing both the layer-one blockchain and the layer-two loyalty rewards project platform.
In pursuit of excellence, the CHRYSALIS ecosystem maintains forward momentum through adaptive development, addressing community requirements while advancing capabilities within the expanding global digital loyalty program market sector.
Key Points
  • CHRYSALIS digital platform launch: Originally launched in October 2021, successfully launching (7) seven tokenizing reward projects over the last few years.
  • Mission: Democratizing wealth from loyalty rewards programs and digital reward projects and distributing the real-world-value to many.
  • Market value of on-chain RWAs: Over $12 billion, excluding $175 billion+ stablecoin market.
  • CHRYSALIS ecosystem goal: Creation of its own layer-one blockchain protocol.
  • Blockchain features: Non-sequential, mobile-supported consensus nodes, efficient transmission processes.
  • Ecosystem development focus: Creating value through layer-two projects incubated via CHRS utility token, creating direct and indirect value for the entire CHRYSALIS ecosystem.
  • Platform benefits: Transforming loyalty rewards, increasing transaction volume, positively influencing reward token appreciation value, provided monetization depth for loyalty rewards, and unlocking billions in loyalty rewards value.
  • Future outlook: Delivering real-world-value to CERT stakeholders and advancing the global digital loyalty program market and industry as a whole.
The Future of Blockchain Architecture
Traditional blockchain architectures define tokens as (NFTs and Coins) through a single or limited set of instructions or data elements. The layer-one protocol establishes differentiation through several key innovations.
The layer-one blockchain and CERT loyalty rewards harvesting software combine specific data elements from multiple nanochains. These function as modular and customizable "tokens" or "elements," enabling the layer-one platform to adapt to diverse layer-two project requirements.
This architecture ensures data integrity without requiring an expanding ledger, achieving 100% agreement of transactions and shared histories. The innovation effectively resolves double spending issues and prevents tokenized reward forgery.
The layer-one blockchain implements a Quadruplet Proof of Stake consensus mechanism, drawing from multiple nanochains to create a confirmation system utilizing:
Time nanochain
Witness nanochain
Observer nanochain
User nanochain
This advancement streamlines integration processes while expanding the scope of CHRYSALIS initiatives, enabling robust and adaptable solutions within the digital platform's capabilities.
The Quadruplet Proof of Stake consensus mechanism validates network contributions against loyalty rewards pool distribution entitlements. Through staking rewards with monetary value (participating or staked digital harvesting software "CERT") to the CHRYSALIS network platform, participants receive project loyalty rewards pool distributions.
Distribution channels include:
  • Digital rewards project pools.
  • Associated commodity production projects.
  • Traditional third-party loyalty programs implementation occurs through CERT staking to the CHRYSALIS digital platform.
The CERT software, staked through the CHRYSALIS decentralized loyal management software platform application ("dApp"), eliminates software hosting requirements. This architecture operates independently of CHRYSALIS platform components and the future CHRYSALIS layer-one blockchain protocol.
Project loyalty reward tokens are distributed in real time to CERT stakeholders. CERT stakeholders are connected to the CHRYSALIS digital management software platform through the CHRYSALIS decentralized application (dApp). This is the digital platforms' software management dashboard that runs on a decentralized network rather than a single computer or server. Decentralized applications are built on Web3+ blockchain technology and utilize digital innovation as a medium of value exchange.
Through the CHRYSALIS (dApp), project loyalty reward tokens can be stored or exchanged for USDT or the CRHS utility token. The USDT or CHRS can then be swapped within the CHRYSALIS ecosystem or traded on third-party centralized and decentralized exchanges and used for purchases within secondary digital marketplaces.
These options depend on what circumstances surround any particular digital loyalty rewards project, giving access to immediate monetization of tokenized loyalty rewards – the way community members want to realize their real-world-value in real time.
INTRODUCING (FISH) - DIGITAL LOYALTY REWARDS PROJECT
The FISH digital loyalty rewards project, introduced on November 1, 2024, through Promax & Preferred Partners, has secured a strategic contractual agreement with a West African nation. This agreement establishes guaranteed fishing rights within its exclusive economic zone (EEZ) and includes commercialization rights of up to ninety percent (90%) of total allowable catch (TAC)[1]. The scope encompasses national fishing waters, consisting of twelve (12) nautical miles of territorial seas and an exclusive economic zone extending two hundred (200) nautical miles, for a duration of up to thirty (30) years.
Positioned in one of the world’s premier fishing regions, the FISH loyalty rewards project offers CERT stakeholders an unprecedented value proposition through its reward harvesting potential. In the context of rising global population metrics and increasing pressure on food supply chains, the project delivers extensive harvesting capabilities while addressing critical food insecurity challenges. The initiative’s impact is designed to begin within the West African region, with infrastructure in place to support subsequent global expansion.
The region boasts some of West Africa’s richest marine biodiversity and highly productive fishing grounds, which play a pivotal role in local economies and food security.
The FISH project has achieved significant milestones during its planning phase, including the scheduled listing of the FISH token on decentralized exchanges such as Pancake Swap and/or Uniswap, with USDT pairing integration planned within 90-days of initial CERT loyalty rewards software retail sales.
Commercial FISH production operations in West Africa are set to commence almost immediately. The project has established active, ongoing infrastructure development throughout the region, with plans to expand fixed fishery facilities to generate additional royalty revenue streams—thereby increasing the burn rate of tokenized FISH project loyalty reward tokens. The FISH project implementation follows a strategic three-phase approach: the initial two phases focus on the development of the region, while the third phase encompasses expansion into additional West African nations.
The FISH associated revenue producing project's first phase kicks off with immediate open sea capture operations, leveraging the CHRYSALIS digital loyalty platform to transform a traditionally closed industry into a globally accessible opportunity. This breakthrough opens doors for CHRYSALIS community members and CERT stakeholders to participate in a market previously limited to local operators and or industry select players. The project's strategic relationships now encompass West African commercial fishing fleets, charter vessels, and a substantial portion of local artisanal fishermen with their large-scale fishing canoes. This comprehensive network includes onshore cold storage facilities, processing centers, and established transportation channels to local and surrounding fish markets.
Phase Two capitalizes on a distinct geographical advantage: an 88‑island archipelago positioned off the West African mainland. This strategic location serves as the cornerstone for expanding revenue production and fish farming operations in an open sea environment. Whether managed through a third‑party commodity specialist or a regionally based Special Purpose Vehicle (SPV), this expansion drives immediate value through additional fish sales and increased royalty streams. This strategic approach fuels the FISH token’s burning and building mechanisms, propelling token value while enhancing both CERT stakeholder returns and regional economic growth throughout West Africa’s fishing sector.
Phase Three extends the project's impact by supporting surrounding countries in improving their commercial fishery sectors, generating increased wealth for local communities, and creating significant employment opportunities across West Africa. The expansion of aquaculture in the region serves multiple purposes: increasing food production, preserving offshore marine ecosystems, and helping restore wildlife populations affected by overfishing. By replicating the Phase Two business model across several West African nations, the BLUE TRANSFORMATION project can broaden its footprint throughout the region.
THE INDUSTRY
The African fish market demonstrates significant growth potential, driven by increasing fish consumption, population growth, and expanding aquaculture operations. Africa's abundant coastal and inland waters present substantial opportunities for market expansion. Technological advancements - from satellite imaging for fish location to mobile applications facilitating project registration and coordination - are set to revolutionize West African fish markets. Government initiatives, coupled with United Nations programs promoting fish farming and consumption, signal strong market growth through rising demand.
While fisheries maintain their core mission of supplying fish products to populations, historical challenges persist. Production volumes and fisher participation have declined due to limited access to essential tools - from boats and nets to processing facilities and supply chain infrastructure. However, the world‑class fishing grounds off West Africa's coast present highly lucrative commercial fishing opportunities. The FISH project emerged specifically to address these challenges in the region’s exclusive waters, focusing on proper resource management while expanding fishing potential. This initiative not only supports local fishermen and commercial operations but opens global participation opportunities, strengthening food security for local populations. Through this comprehensive approach, the project aims to catalyze sustainable growth throughout West Africa's fishing industry.
Currently, fisheries and aquaculture inject $24 billion into Africa's economy while employing 12 million people. West Africa alone could generate an additional $300 million annually through improved governance. The West Africa Regional Fisheries Program supports national initiatives to optimize sector performance and increase wealth generation. The development of aquaculture infrastructure in West Africa presents a threefold opportunity: enhancing regional and global food production, preserving marine ecosystems, and restoring wildlife populations through expanded fishery capabilities.
The rising global demand for fish protein and aquatic foods is transforming the fisheries and aquaculture sector. Consumption projections indicate a 15% increase, reaching 21.4 kg per capita by 2030. This growth is primarily driven by rising incomes, urbanization, improved post-harvest practices, and an increasing focus on health-conscious dietary trends. Total aquatic animal production is expected to reach 202 million tonnes by 2030, propelled by aquaculture expansion - which is projected to achieve unprecedented levels of 100 million tonnes by 2027, scaling to 106 million tonnes by 2030.
Aquaculture's remarkable growth has propelled global fisheries and aquaculture production to historic levels, with aquatic foods playing an increasingly vital role in 21st-century food security and nutrition, according to FAO's 2022 State of World Fisheries and Aquaculture (SOFIA) report. The data reveals unprecedented total production reaching 214 million tonnes in 2020 - comprising 178 million tonnes of aquatic animals and 36 million tonnes of algae, driven largely by Asia's aquaculture expansion.
The 2020 aquatic animal production exceeded the 2000s average by 30% and surpassed the 1990s average by more than 60%, with record aquaculture output reaching 87.5 million tonnes. As this sector expands, the FISH loyalty rewards project introduces the transformative "BLUE TRANSFORMATION" initiative, revolutionizing aquatic food production, management, trade, education, and consumption practices - aligning with UN Sustainable Development Goals. While FISH spearheads fisheries and aquaculture sector growth to combat global hunger and malnutrition, expanded support for the BLUE TRANSFORMATION remains crucial. This support ensures sustainable harvesting practices, protects West African livelihoods, preserves biodiversity, and safeguards offshore aquatic habitats by preventing illegal fishing and overexploitation.
The growing significance of aquatic foods in global nutrition is evident in consumption trends, with rates increasing by 3.0% annually since 1961 - nearly double the world population growth rate. Current per capita consumption stands at 20.2 kg, more than doubling the 1960s levels, underscoring the sector's crucial role in global food security.
Aquaculture has demonstrated stronger growth than capture fisheries over the last two years, with projections for further expansion in the coming decade. In 2020, animal aquaculture production reached 87.5 million tonnes, reflecting a 6% increase from 2018. In contrast, capture fisheries production declined to 90.3 million tonnes - a 4.0% decrease compared to the previous three-year average.
The decline in capture fishing production primarily resulted from COVID-19 pandemic disruptions, which severely impacted fishing activities, market access, and sales. This was compounded by a major reduction in China's catches and the natural fluctuation in anchoveta catches. These recent global circumstances have created a unique 100-year window of opportunity for entry into the West African fish market during this global slump in the fish production sector.
COMMUNITY REWARDS ENGAGEMENT TOKEN (CERTs) - PHASE ONE
Since 2021, CHRYSALIS has specialized in digitizing rewards derived from commodity revenue streams. Through FISH-CERTs, software purchasers receive proportional shares of digitized loyalty rewards, distributed as FISH loyalty reward tokens. The CHRYSALIS digital platform implements a phased rollout of the tokenized FISH digital loyalty rewards project, with Phase One offering a limited release of 50,000 CERT software units. These units are exclusively available through the Promax Digital CERT-Marketplace, a licensed and regulated electronic commerce's platform based in Abu Dhabi, UAE - The designated jurisdiction for digital software good commerce.
Early stakeholders in FISH-CERTs gain significant advantages through CHRYSALIS' innovative dynamic CERT rewards harvesting software. This system rewards early adopters through the time-valued loyalty rewards accumulation, preferential pricing, and priority access to the Phase 2 multiplier event and future favorable pricing opportunities. By participating early, stakeholders secure optimal average pricing per CERT unit, maximizing their potential harvesting reward benefits within the ecosystem.
Phase One of the revenue producing project strategically integrates multiple fishing fleets, combining commercial trawlers, charter vessels, and local artisanal fishing fleets. This comprehensive approach leverages traditional open-sea capture techniques through both large-scale fishing canoes and established fishing operations.
The integrated supply chain infrastructure ensures efficient processing of daily fish products through:
  • Onshore cold storage facilities
  • Processing centers
  • Transportation networks
  • Regional market distribution systems
An in-country logistics company manages the end-to-end distribution process, optimizing delivery timelines and market accessibility. This systematic approach guarantees consistent product flow from capture to market. The value proposition of early entry into the FISH digital loyalty rewards program through CERT software acquisition is significant. Early stakeholders gain maximum benefit from the platform's reward harvesting structure, making timely participation crucial for optimal rewards accumulation within the digital rewards project.
Phase One of the FISH digital loyalty rewards project implements strategic reward economics, generating royalties that contribute to both token burning and building mechanisms. This foundational phase establishes momentum as the project progresses toward Phase Two: known as the BLUE TRANSFORMATION.
Phase Two capitalizes on a distinct geographical advantage: an 88-island archipelago positioned off West Africa's mainland. This strategic location serves as the cornerstone for expanding revenue production and fish farming operations in an open sea environment.
The Phase One pricing structure follows an evolving scale, with FISH-CERT unit prices increase incrementally per 100 software units sold.
The FISH project's multi-phase structure offers strategic advantages to early adopters through a progressive scaling mechanism. Each Phase One FISH-CERT software unit undergoes a multiplication process during the transition into Phase Two, automatically increasing stakeholders' positions. Specifically, every single Phase One CERT converts into multiple CERTs in Phase Two, creating substantial value appreciation for early participants. (Applying an X factor to early CERT stakeholders)
Throughout this process, FISH-CERT stakeholders continuously harvest FISH loyalty reward tokens, which maintain high value through:
  • Direct conversion to USDT
  • Exchange into fiat currencies
  • Higher accumulation of rewards
This Phase Two conversion framework ensures early stakeholders maximize their benefits through both CERT multiplication of X and maximize reward token harvesting going into Phase Two.
COMMUNITY REWARD ENGAGEMENT TOKEN (CERT vs. NFT)
Community Rewards Engagement Token or CERT software units are dynamic due to their multiple utilities, distinguishing them from their digital cousin, the NFT. While NFTs are commonly known as "Pixel Art" or "Digital Art" with limited utility beyond serving as a store of value—one that has proven to be poorly performing - CERT software units continuously harvest rewards, creating valuable tokenized loyalty rewards for their stakeholders. These rewards are indirectly supported by Real-World-Revenues generation from matched and associated revenue producing projects. At CHRYSALIS, we believe this harvesting of loyalty rewards represents the future of loyalty rewards programs, projects and stored value instratminstrument.
Not only do CERT software units continuously harvest loyalty rewards for their stakeholders—much like earning frequent flier miles while traveling—but the purchase of these units indirectly creates jobs, potentially employing thousands of people in West Africa through the fish commodity production project and helping to lift communities out of poverty and food insecurity. The purchase of a FISH-CERT software unit provides a hand-up, not a hand-out, as it indirectly benefits the project’s beneficiaries—the people and families across West Africa.
When embarking on the BLUE TRANSFORMATION, the second phase of the commodity production project, stakeholders will benefit Mother Earth and her oceans by transitioning from open sea capture of certain fish populations to fish farming through the design, building, and operation of the most modern fishery infrastructure in Africa. Relying solely on open sea capture depletes the global availability of fish and doesn't contribute to true food stability for all inhabitants of our beautiful planet, which is why we at CHRYSALIS see the BLUE TRANSFORMATION as the future of aquaculture.
Phase One of the commodity production project, contingent on FISH-CERT software unit sales completion, elevates FISH the digital loyalty rewards project to layer-two status with senior standing within the CHRYSALIS ecosystem. This elevation qualifies the project for the Phase Two leveling-up event, where each single (1) FISH-CERT software unit from Phase One converts into multiple FISH-CERT software units through leveling-up conversions—a benefit exclusive to Phase One CERT software unit stakeholders.
While CHRYSALIS, as the platform administrator, anticipates an accelerated timeline for this Phase Two leveling-up event, the Phase One to Phase Two transition is projected within 1,825 days from launch. Strategic positioning of FISH-CERT software units and stake holdings is crucial to capture this CERT software unit multiplier event before entering the Phase Two transition. Phase One stakeholders will be strategically positioned as each FISH-CERT software unit converts into multiple FISH-CERT software units in Phase Two creating the X factor (see Phase 2 Multiplier column in the above chart).
This multiplier effect, combined with pre-launch access to Phase Two FISH-CERT software unit sales and the preferred Phase Two pricing structure (modeled after Phase One), is critical for maximizing loyalty rewards value.
Currently, all CERT stakeholders in the CHRYSALIS ecosystem are considered self-custody digital asset participants outside of the CHRYSALIS digital loyalty management platform. Therefore, acquiring and holding CERT software units is the sole responsibility of end users, who must verify their eligibility under continuously evolving global regulations to remain compliant with their appropriate governing agencies. Promax Digital is validly licensed within the U.A.E. and officially works only with other licensed and regulated secondary marketplaces for distribution of CHRYSALIS software products and services.
Each FISH-CERT software unit can be self-custodied by stakeholders using third-party wallet application providers such as Connect Wallet, SafePal, MetaMask, and others. The cost for self-custody of CERT software varies by third-party wallet provider. CERT software must be staked to the CHRYSALIS decentralized application (dApp) to receive a share of reward distributions. FISH-CERT software units must be purchased through the Promax Digital CERT - Marketplace at the prevailing software purchase price, while staking CERT software units is a free service of the CHRYSALIS digital platform.
FISH REVENUE PRODUCTION ROYALTIES
The commodity production project has a network of artisan fishers, private trawler fleets, and contractor fishers to capture and market fish. A portion of these revenues is used to purchase FISH loyalty rewards tokens from secondary markets for burning. These tokens are then transferred to the FISH burn wallet, permanently removing them from circulation. The CHRYSALIS platform administrator oversees the burning process, with reward economics and tokenized FISH loyalty rewards tokens and their price and values evaluated every 90-days to assess liquidity pool health and determine optimal burning amounts to maintain tokenized FISH loyalty reward token stability.
Importantly, royalties serve two exclusive purposes: Firstly, purchasing and burning tokens from secondary markets and secondarily, building the liquidity pools for the tokenized FISH loyalty rewards pairing pools. CERT stakeholders receive no portion of royalty revenues from physical commercial fishing, aquaculture farming operations, or revenues produced by the physical project associated and matched with the CHRYSALIS digital loyalty rewards projects. These royalty revenues represent just one component of the FISH loyalty rewards project's reward economics, with multiple other factors driving the overall loyalty reward value structure.
Phase-One targets focus on annual production of 190,800 metric tonnes, broken down as follows:
  • 65,700 tonnes of Pelagic fish (coastal and oceanic fish including anchovies, sardines, shad, and menhaden, plus predatory fish like swordfish, tuna, and mackerel)
  • 75,600 tonnes of Tuna specifically, meeting maximum Total Allowable Catch (TAC) under Oceanic and EU commission regulations
  • 49,500 tonnes of Demersal fish (including COD, Grouper, Trout, Bream, and Emperor fish)
2024 global fish prices have fluctuated between $7,469 and $11,000 per metric ton, averaging $9,234. Based on the TAC of 190,800 tonnes per year, this projects to an annual gross income of $1,761,847,000, with a 23% profit margin yielding approximately $405,224,656 in annual profit. Considering only TAC utilizing open sea capture methods and the 30-year value of territorial fishing grounds, the FISH loyalty rewards project could be valued at $12,156,739,680 upon reaching Phase-One critical mass. With the Phase Two BLUE TRANSFORMATION and Phase Three expansion into additional West African countries, this 30-year project value could potentially double ($26.3B) or triple ($39.5B) beyond the initial TAC projections.
190.8K
Annual Fish Catch
Metric tonnes of fish for TAC per year
$1.76B
Annual Gross Income
Based on TAC regs and avg fish prices
$405M
Annual Profit
Estimated value with 23% top line profit margin
$12.16B
10-Year Project Value
Net value for phase-one open sea capture
COMMUNITY REWARDS ENGAGEMENT TOKEN (CERT) – PHASE TWO
Phase Two focuses on developing Africa's most advanced and sustainable aquaculture industry, aiming to increase global production of fish, shellfish, seaweeds, algae, sea vegetables, and fish eggs while preserving marine diversity in open oceans.
What is Aquaculture?
Aquaculture, analogous to agriculture but for aquatic organisms, derives its name from Latin roots: "aqua" (water), similar to how "agri" (field) forms agriculture. In technical terms, aquaculture encompasses the breeding, rearing, and harvesting of organisms across three water environments: freshwater, brackish water, and saltwater. This can be implemented through various methods, including large cages or net pens in existing water bodies, as well as land-based tanks utilizing water filtration and recirculation systems.
Why Aquaculture?
The importance of aquaculture is underscored by global demographic trends. As the world's population grows, so does the demand for animal protein, putting increasing pressure on already strained ecosystems. The FAO reports that global per capita fish consumption grew at 3.1% annually from 1961 to 2017, significantly outpacing the 1.6% population growth rate. Since 2013, aquaculture production has exceeded open sea capture fishing, with experts projecting that by 2030, approximately two-thirds of all seafood for human consumption will come from aquaculture. This makes investment in aquaculture the only sustainable path to increasing seafood production without contributing to overfishing or marine ecosystem degradation.
Fish farming stands out as an environmentally superior alternative to raising terrestrial livestock. The feed-to-protein conversion efficiency of fish is remarkable: one pound of feed yields one pound of fish protein. This efficiency contrasts sharply with other livestock:
Pound of Protein per Pound of Feed
1 lb
Fish
0.5 lb
Chicken
0.3 lb
Pork
0.14 lb
Beef
This superior efficiency means shifting protein production to aquaculture could free up hundreds of millions of hectares of global grazing land. While some aquaculture practices have historically contributed to pollution and weakened wild fish populations, modern sustainable aquaculture can actively help restore lake and ocean ecosystems. This is particularly crucial given that unsustainable fishing practices since the 1970s have led to significant declines in global fish stocks.
Moreover, sustainable aquaculture farms can create balanced ecosystems by cultivating complementary species of marine animals and plants. This approach not only increases profitability but also maintains self-cleaning, viable ecosystems that support long-term sustainability.
Why West Africa?
The West African Marine Ecoregion (WAMER) generates approximately $400 million annually in fisheries revenue. However, a significant portion of this income flows to foreign corporations that employ destructive and unsustainable fishing practices, depleting the region's natural fish populations. Most West African fish stocks are already fully exploited or overexploited, threatening both coastal communities' livelihoods and food security while impeding sustainable economic growth. The situation is further exacerbated by the recent proliferation of fishmeal and fish oil factories in the region, placing additional strain on these already depleted waters.
Despite its introduction to Africa in the 1950s, aquaculture has yet to achieve meaningful production scales on the continent. European and Asian commercial operations currently export most of their harvested fish abroad, with aquaculture accounting for less than 10% of the region's seafood consumption as of 2018. Several factors have hindered the sector's development:
  • Shortage of trained aquaculture fish farmers.
  • Problems with stunted fish seed.
  • Poor aquatic health management.
  • High post-harvest losses due to inadequate cold-chain infrastructure.
This is where the tokenization of digital loyalty rewards becomes crucial. The project aims to disrupt traditional practices by:
  • Raising awareness about sustainable fishing practices.
  • Promoting aquaculture development.
  • Addressing poverty and food insecurity throughout the West African fish market.
  • Facilitating the transition from commercial fishing to a more sustainable, eco-friendly industry combining land-based and open sea aquaculture.
Regional Expansion - PHASE THREE
Phase Three extends the project's impact by supporting surrounding countries in improving their commercial fishery sectors, generating increased wealth for local communities, and creating significant employment opportunities across West Africa. The expansion of aquaculture in this region serves multiple purposes: increasing food production, preserving offshore marine ecosystems, and helping restore wildlife populations affected by overfishing.
Food insecurity remains a persistent challenge for many West Africans. Through education and awareness campaigns about sustainable aquaculture, local communities can develop economically and ecologically viable fisheries that address both food security and income generation for their most vulnerable citizens. With access to appropriate technologies and knowledge transfer, West African fish farmers can produce sufficient seafood to both feed their communities and generate export revenue, as small-scale aquaculture operations in the region have demonstrated strong profitability potential.
Importantly, profitability in aquaculture isn't dependent on massive scale operations. Research has shown that smaller reservoirs in West Africa often demonstrate higher productivity than larger ones. The development of locally owned and managed aquaculture operations can create significant social and economic impact. By replicating the Phase Two business model across the countries bordering the archipelago, this BLUE TRANSFORMATION project can expand its footprint throughout the immediate West African region.
LOYALTY REWARD DISTRIBUTION - The Staking
Rewards Distribution Algorithm
The CHRYSALIS ecosystem currently operates on the Polygon, requiring users to "stake" their CERT software units on the CHRYSALIS digital platform (dApp) to receive loyalty reward distributions. This staking process serves a dual purpose: it enables current reward distribution and prepares CERT stakeholders for the improved Proof of Stake consensus mechanism that will be used when CHRYSALIS transitions to its own layer-one blockchain protocol in the near future.
The planned migration from Polygon to a proprietary layer-one blockchain will:
  • Streamline the loyalty rewards distribution process
  • Expand the scope of CHRYSALIS digital platform initiatives
  • Enable more robust and adaptable ecosystem solutions
Loyalty rewards are distributed continuously, with stakeholders harvesting rewards every second over each 24-hour period, allowing collection at any time.
FISH Digital Loyalty Rewards Project Distribution Algorithm
Tokens Released per Second
Tokens Released per Second = Total Reward Pool Tokens / (3,650 days x 86,400 seconds/day
Rewards Released Per Weighted Unit
Rewards per Weighted Staked Unit per Second = Tokens Released per Second / (Total Weighted Staked CERT)a
Total Weighted Staked CERT
Total Weighted Staked CERT = (Angel-FISH X 0.25)+(Cod-FISH X 0.50) + (Tuna-FISH X 0.75) + (Sword-FISH X 0.75) + (Sword-FISH X 1.00) + (King-FISH X 1.25)
The total reward token distribution per second is split equally:
Tokens to Treasury per Second = 0.50 X Tokens Released per Second
Tokens to Stakeholders per Second = 0.50 X Tokens Released per Second
Stakeholder Distribution
Rewards per Weighted Staked Units per Second = Tokens to Stakeholders per Second/(Total Weighted Staked CERTs
During phase one, smart contracts will remain unlocked to facilitate the FISH loyalty reward project's planned migration to the CHRYSALIS layer-one blockchain protocol in early 2025. The CHRYSALIS platform administrator expects a shortened timeline of 1,825 days from phase one to phase two.
Phase one stakeholders will be strategically positioned for two benefits:
  1. Each CERT software unit will convert into multiple CERT software units in phase two
  1. They will receive pre-launch access to phase two CERT software at preferred pricing, following the same pricing structure established in phase one
REWARD ECONOMICS
FISH-CERT software units continuously harvest rewards and generate loyalty rewards value. At CHRYSALIS, we believe passive loyalty rewards harvesting represents the future of the loyalty rewards industry.
Loyalty reward economics govern how digital loyalty rewards function:
  • Inflation can typically reduce a tokenized reward's value over time. However, the CHRYSALIS approach uses controlled inflation to:
  • Attract additional interest.
  • Raise project awareness.
  • Draw in additional liquidity.
  • Accelerate loyal reward growth and value.
  • Declining max supply increases tokenized loyalty rewards' value over time as fewer public rewards tokens exist, making each remaining privately held tokens more valuable. This makes declining loyalty rewards design particularly valuable.
Each project's specific reward economics, including CERT harvesting software stakeholder distributions, are programmed into the tokenized loyalty rewards project's smart contract. The tokenized FISH digital loyalty rewards project implements declining max supply reward economics, ensuring that the number of tokenized FISH loyalty rewards tokens in the project will continuously decrease.
The FISH digital rewards project's economic functions utilize the following elements:
BURNING OF FISH LOYALTY REWARDS
FISH loyalty rewards are managed through two key wallets:
  • Loyalty Rewards Liquidity Build Wallet.
  • Loyalty Rewards Project Token Burn Wallet.
The CHRYSALIS digital platform LP administrator conducts quarterly assessments to manage reward token burns and reward token LP building. This process aims to maintain a healthy ratio between:
  • Market capitalization of the digital rewards project and project royalty revenue streams.
  • Digitized reward token price.
  • Overall market value of the project.
  • A healthy ratio between applied royalties and tokenized loyalty reward tokens and its secondary market price.
All burns are executed transparently to ensure proper oversight of the token supply management process.
The tokenized FISH loyalty rewards project's smart contract is programmed with a limited maximum supply of tokens that will be distributed into circulation through a defined and preprogramed algorithm. Between the first phase through the third phase, all tokenized FISH reward tokens must be distributed through this rewards distribution algorithm to FISH-CERT stakeholders.
The first phase of the FISH project is planned to last no longer than 5 years, while the second and third phases together are set for a maximum duration of 10 years (3,650 days). However, the administrator anticipates a much quicker completion of phase one CERT software unit sales, given the substantial value associated with being a Phase-One CERT stakeholder.
Taking a conservative approach, within 1,825 days, the FISH digital loyalty rewards project is expected to mature and be ready for elevation to Phase-Two, known as BLUE TRANSFORMATION. This second phase is anticipated to significantly expand production, increasing the total allowable catch (TAC) by either:
  • Two times, reaching 381,600 metric tonnes of fish products per year, or
  • Three times, achieving 572,400 metric tonnes of fish products per year
Fees
SUPPLY DISTRIBUTION
The FISH digital rewards tokenization project maintains four main wallets for non-circulating reward tokens. Additional wallets can be viewed in the wallet holders section of the FISH loyalty rewards token page on Polygon Scan. Following the ecosystem's migration to its own layer-one blockchain, this information will be accessible through CHRYSALIS' dedicated Dex screener, with the release announcement made to community members.
Tokenized FISH Loyalty Rewards Pool Distribution Smart Contract:
0x882732BD9724A41dbB3Aaae123dd5766C95d9474
The platform's tokenized FISH loyalty rewards pool is the pool of available rewards for distribution to all FISH-CERT stakeholders. The platform's algorithms will distribute rewards from this pool in accordance with the smart contract distribution algorithm.
Tokenized FISH Loyalty Rewards Burn Wallet
ADDRESS: 0x6CB93cB14b6B4739C5CC04b66dC458296c595CeE
The rewards burn wallet holding digitized FISH digital reward tokens that are aggregated from the transactional fees (i.e., 6% withdrawal fees, or loyalty rewards token swap fees), or as applicable will be held in the burn wallet until those loyalty reward tokens are burned.
Tokenized FISH Liquidity Build Wallet
ADDRESS: 0x87ee888c7b9B40028748Db6318984472392aA576
The liquidity build wallet receives 3% purchase premium of tokens purchased or swapped in every transaction to support liquidity health for the FISH digital reward tokens and create monetization for its stakeholders to realize real world value within its liquidity pool pairings. In some instances, tokenized FISH digital rewards tokens that are aggregated in the burn wallet from commodity production royalties may be used, if necessary to assist in the deepening of the projects rewards monetization LP. The CHRYSALIS digital platform LP administrator will regularly (anticipated quarterly) notify the CERT stakeholders with a report of the health of the projects rewards token price and its trajectory in value.
Tokenized FISH Loyalty Rewards Project Treasury Wallet
ADDRESS: 0xf7380c9758a6edf19D88B27881cBdB63ef3A14C9
Loyalty reward tokens in the tokenized FISH project treasury wallet are used to help the growth of the ecosystem and can also be burned if no leverage is needed. They will be distributed to one treasury custody wallet, which will receive 50% of the total FISH-CERT rewards token allocation pool distribution. Treasury loyalty reward tokens cannot be directly sold in the market, and rewards distributed are not intended to ever hit the open market but instead serve as an aid to establish valuable leverage for the project in later stages of its maturity. The treasury is administered by Promax Digital Board of Directors and is intended to provide future resources for expansion of the aquaculture project initiative in ultimate benefit of its FISH-CERT stakeholders.
RESOURCES
Tokenized FISH Loyalty Rewards Project
Smart contract address: 0x5F9e5F3eE2763F2644B53C0699cCe3cdb83e73dd
DISCLOSURES AND RISKS
Not all countries permit their citizens to acquire and hold digital assets, so these FISH-CERT software products may not be available in all territories. While CERT software may be available through third-party unlicensed and unregulated marketplaces or through P2P trading, CHRYSALIS and Promax Digital strongly recommend that participants thoroughly vet secondary transactions and verify their validity before engaging in such activities, as there is little to no accountability for falsified or incomplete transactions.
This is not an Initial Coin Offering (ICO) project structure. The tokenized FISH digital loyalty rewards project constitutes a fair launch protocol because possession of a CERT software unit does not entitle a stakeholder to a guaranteed right to tokenized loyalty rewards. Purchasing a Promax Digital software product does not constitute an investment but rather provides a digital good or software application product that allows the purchaser the ability to receive a share of distributed tokenized loyalty project rewards.
CERT software units must be purchased, minted for a fee, and staked to receive tokenized project loyalty rewards and their share of loyalty rewards distributions. CERT stakeholders are responsible for ensuring that their CERT software units are connected to the decentralized application (dApp) to ensure they receive their fair share of the distributed tokenized FISH loyalty project rewards. Users are responsible for minting CERT software and staking them to the CHRYSALIS digital platform. If users do not fulfill these responsibilities, they will not receive tokenized loyalty reward distributions.
Third-party royalty streams generated from any commodity production project are used to purchase tokens through the open secondary market; CERT stakeholders do not own or receive any portion of the royalty streams, nor should they have any expectations of receiving any revenues. Purchase of a project CERT software unit or use of CHRYSALIS digital platform software or services does not represent or constitute any ownership right or stake, share or security in CHRYSALIS, or any equivalent right, nor does it provide any right to receive revenue or form of participation in or relating to any commodity production project.
CERT stakeholders are not making an investment into physical commodities or commodity production projects, Promax Digital, third-party partners, affiliates, or any parent companies. Digital loyalty rewards received by staking each CERT software unit are not considered legal tender and are not backed by any government; thus, the rewards have very few regulatory protections and are not insured against theft or loss.
The success of any digital loyalty rewards project related to the project CERT software, the underlying royalty transactions, and tokenized rewards tokens generated—including their value—is not controlled in any way by the CHRYSALIS digital platform and/or Promax Digital. These are independently reported on by third parties.
Applying underlying project royalties to the buy and burn process should limit the supply of FISH loyalty reward project tokens. This continues the token economics designed to limit the token supply of this project and positively impacts the already distributed FISH token rewards within the CHRYSALIS ecosystem; however, no guarantees or representations should be relied upon.
The UAE, as a member of the United Nations, is required to comply with all sanctions issued by and passed by the United Nations Security Council. In 2014, the UAE issued Federal Law No. 7 of 2014 On Combating Terrorist Offences (the Law), which sets the framework for the UAE's list of designated terrorist organizations and groups. In 2019, the UAE enhanced its mechanism for implementing targeted financial sanctions related to proliferation of weapons of mass destruction and terrorist financing.
Promax Digital aims to meet or exceed all reporting and disclosure requirements and will make every reasonable effort to comply with specific due diligence and checks to ensure adequate minimum standards of compliance with various global agencies, including but not limited to the Financial Action Task Force (FATF). The FATF is an intergovernmental organization established in 1989 with the objective of developing and promoting policies to combat money laundering and terrorist financing.
This document and the associated FISH project are provided on a beta basis. Promax Digital expressly reserves the right, at its sole discretion, to modify, update, or otherwise alter any component of the project—including but not limited to its design, functionality, and operational parameters—without prior notice. Users acknowledge that the project is in its preliminary phase and that Promax Digital assumes no liability for any interruptions, modifications, or discontinuations that may occur as part of ongoing development. Continued use of the FISH project constitutes acceptance of these terms and any future changes necessary to ensure the project’s success.
This technical paper is subject to change at the discretion of the CHRYSALIS digital platform administrator. Therefore, it is important to regularly review the published technical paper, as circumstances may change as FISH is a multiple-phase project and is subject to certain adjustments and improvements during the project's projected time horizon.