Today #Binance added a new coin called $C and here I bring you several interesting facts about it:
Chainbase (C): The Hyperdata Network for AI
1. Identification and Purpose:
* Full Name: #Chainbase
* Ticker Symbol: #C
* Purpose: Chainbase positions itself as a "Hyperdata Network" designed for Artificial Intelligence (AI). Its goal is to build a decentralized data infrastructure that facilitates real-time interaction of AI models and analysis across multiple blockchains. Essentially, it aims to be the "brain" for the development of decentralized AI, providing real-time data and computational solutions for AI applications in the Web3 world.
2. Launch and Availability:
* Launch Date on Binance: Today, July 18, 2025, at 14:00 (UTC) (10:00 AM Venezuela time).
* Initial Trading Pairs on Binance: C/USDT, C/USDC, C/BNB, C/FDUSD, C/TRY.
* "Seed Tag" Label: Binance has applied a "Seed Tag" to Chainbase (C). This indicates that it is an innovative project but with a higher potential for volatility and risk compared to other more established cryptocurrencies.
3. Current Market Data (as of July 18, 2025):
* Current Price: Approximately $0.426182 USD.
* Market Capitalization: Approximately $68,189,078 USD.
* 24-Hour Trading Volume: Approximately $112,430,800 USD.
* Significant Trends: It has experienced a significant price increase, with a nearly 200% rise in the last 24 hours since its launch, showing initial high volatility.
4. Tokenomics and Supply:
* Total and Maximum Token Supply (Genesis & Max Supply): 1,000,000,000 C.
* Circulating Supply at Listing: 160,000,000 C (equivalent to 16% of total supply).
* Smart Contracts: C tokens are present on the BASE Chain (0xba12bc7b210e61e5d3110b997a63ea216e0e18f7) and BNB Chain (0xc32cc70741c3A8433dCbcB5adE071c299B55FfC8).
* Airdrops for HODLers: 20,000,000 C (2% of total supply) have been allocated for BNB holders who subscribed to Simple Earn or On-Chain Yields between July 6 and 9, 2025. An additional 10,000,000 C will be allocated three months later.
5. Technology and Use Cases:
* Dual-Chain Architecture: It uses a dual-chain architecture, operating on Base Chain and BNB Chain to optimize efficiency and interoperability.
* Dual Staking Model: A consensus mechanism that involves validators and delegators staking $C tokens to secure the network and participate in data verification. This suggests a Proof-of-Stake model or a variant.
* AVS Layer (Active Verification Service): Powered by EigenLayer, this layer enables decentralized execution and verification of data, ensuring the integrity and reliability of the information used by AI.
* Key Use Cases: Chainbase has a wide range of applications, including:
* Wallets and Security: Enhancing the security and functionality of Web3 wallets.
* AI and Autonomous Agents: Feeding AI models and intelligent agents on the blockchain.
* Infrastructure and DeFi: Serving as a foundation for decentralized finance dApps and other critical infrastructures.
* Social and On-Chain Analytics: Enabling new social experiences and deep data analysis on-chain.
6. Team and Roadmap:
* Team: Led by Mogu (Founder and CEO) and Chris Feng (Co-Founder and COO), the team has experience in blockchain infrastructure, data engineering, and protocol security.
* Roadmap: The "Aquamarine" phase focuses on the launch of the network explorer, early adoption of Manuscript, token delegation on testnet, development of Data Zone, and a decentralized data accessibility layer. It also includes an AI toolkit, AI agents for vertical scenarios, and the launch of the mainnet. The "ZIRCON (Genesis)" phase is the current stage of the project's genesis.
7. Ecosystem and Community:
* Chainbase claims to have a robust community, with over 35,000 developers and 10,000 projects actively using its services.
* They have an active presence on platforms like Twitter (@ChainbaseHQ), Telegram, and Discord for community interaction.
8. Risks and Considerations:
* Seed Tag: As mentioned, Binance's "Seed Tag" indicates higher volatility risk and the need for due diligence by investors.
* Market Volatility: Like any new cryptocurrency, Chainbase (C) is susceptible to significant price fluctuations, especially in its early days.
* Security Audits: Chainbase has been audited (e.g., by Cyberscope), and the Chainbase Foundation emphasizes its commitment to multi-layer audits, bug bounty programs, and emergency procedures to ensure security. However, some functions identified in automated audits ("Can Set Fees", "Can Mint") require the team to demonstrate decentralized governance to avoid centralized risks.
In summary, Chainbase (C) is an ambitious project that seeks to be a fundamental pillar for AI applications in the Web3 space, driven by its data infrastructure and a unique staking model. Its launch on Binance today marks an important milestone, but as with any new cryptocurrency investment, it is crucial to conduct your own research and consider the associated risks.
