【 Chainbase (C) One Minute Project Interpretation】
Project Positioning and Function
Chainbase is a data infrastructure platform specifically designed for AI and multi-chain applications. It efficiently processes and converts raw on-chain information that was previously scattered across multiple blockchains into “standard format” data that can be directly accessed by AI or applications. Users include wallet developers, AI model trainers, and cross-chain DeFi protocols, with the goal of providing one-click access to global on-chain data and lowering the barriers for developers.
Team and Funding Situation
The project completed its angel round of financing in early 2022, raising approximately $1.5 million, led by XVC and M77 Ventures. In July 2024, Chainbase secured $15 million in Series A funding led by Tencent Investment Group and Matrix Partners China, with follow-on investments from institutions such as Hash Global and Mask Network, reflecting a high recognition of its on-chain data infrastructure positioning by traditional large enterprises and venture capital.
Token Model and Distribution
The total supply of tokens is 1 billion, which serves as the “fuel” for users to query data and as a tool to incentivize nodes and ensure security. A fee in C is charged for each query of on-chain data, of which 80% goes to the operators of the network nodes and their delegators, 15% to developers contributing data processing scripts, and the remaining 5% will be burned to control the token circulation and protect its value. Additionally, 15% of the tokens are reserved for a reward pool to be gradually released over 6 years (approximately 2.5% each year) for long-term incentives to stabilize operations of the nodes. To maintain network security, about 2% of the tokens are allocated as block rewards and are distributed to validators responsible for consensus in a fixed annual inflation format. This design ensures a balance of interests among all parties in the network, controlled inflation, and clear incentive mechanisms for nodes, developers, and validators.
Community Size and Enthusiasm
Currently, Chainbase has connected with over 20 main chains, with an average daily API query reaching hundreds of millions. There are over 31,000 community creators, more than 8,000 active projects, and over 2,000 validators; the platform has announced a daily locked ETH exceeding 581,075, with over 550,000 Twitter followers, and Discord users surged from thousands to 339,000, showcasing its high community vitality and ecological expansion capability.
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❗️The content of this article is for reference only and does not constitute any investment advice.