> ## Documentation Index
> Fetch the complete documentation index at: https://docs.chok.market/llms.txt
> Use this file to discover all available pages before exploring further.

# chUSD

> The point currency used for all trading on CHOK.

**chUSD** (CHOK USD Point) is the collateral for every market on CHOK.

> [!WARNING]
>
> chUSD is a **virtual point with no cash value**. It isn't money, electronic money or a crypto-asset, and you can't exchange it for any of them.

## Token details

| Property | Value |
| - | - |
| Name | CHOK USD Point |
| Symbol | `chUSD` |
| Decimals | 6 |
| Network | GIWA Sepolia (`91342`) |
| Address | [`0x688fc4a8caB7DD957AAF5fB30925949bAC0da6F3`](https://sepolia-explorer.giwa.io/address/0x688fc4a8caB7DD957AAF5fB30925949bAC0da6F3) |

## How you get chUSD

You can't buy or deposit chUSD. CHOK grants it to your trading account:

* **Phone verification**: once, when you verify your phone
* **Daily check-in**: once per UTC day
* **Invites**: when a friend you invited verifies their phone
* **Refunds**: when a market is voided

See [Points & Grants](https://docs.chok.market/programs/points.md) for amounts.

## What you can do with it

* Buy outcome shares
* Receive it back when you sell shares or redeem winnings

## What you can't do

* **Withdraw** it or move it out of CHOK
* **Send** it to another user
* **Deposit** other tokens to get more

On chain, chUSD only moves between your trading account and CHOK's own contracts. Any other transfer reverts.

## How it works on chain

chUSD wraps an internal point token one to one. Only CHOK's issuer can mint the point token, and grants arrive by wrapping it straight into your trading account. Users never hold the internal point token directly.

## Season reset

Balances belong to the season. A new season starts from a fresh deployment, so chUSD, positions and rankings don't carry over.


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