Chainbase ($C) is a project aiming to build a 'Hyperdata Network' for the era of AI and DataFi. Essentially, Chainbase is designed to address the issues of fragmentation and complexity of on-chain data by transforming raw blockchain data into structured, verified datasets ready for use by AI and decentralized applications.
Here is a summary of the Chainbase token ($C):
Main Objective: To build a comprehensive on-chain data network infrastructure for AI, enabling easy cross-chain (omnichain) data access and coordination. It aims to be the programmable base layer for a data economy, where information can move freely between agents, protocols, and humans.
$C Token: The $C token is the native utility token of the Chainbase ecosystem. Its functions include:
Dataset Access: Used by agents, applications, and protocols to query and consume structured data.
Incentive Provision: The incentive structure is designed to create a sustainable token economy. At least 80% of the collected fees will be allocated to operators maintaining the network, 15% to incentivize developers providing valuable data tools, and 5% will be gradually burned to reduce token supply.
Governance: Enables the production, exchange, and governance of structured data across the AI and crypto ecosystem.
Key Features of Chainbase:
Low Latency, High Throughput: Facilitates fast data analysis and processing.
Security: Supports dual-staking consensus models and on-chain verification to ensure data integrity.
AI Ready: The protocol is designed to transform raw on-chain data into verifiable, structured datasets ready for AI use.
Omnichain: Integrates data from multiple blockchains to provide a full-chain data view.
Supply and Distribution:
Total Supply: 1 billion tokens, launched on Ethereum.
Circulating Supply: Approximately 160 million tokens $C C currently.
Vesting: The initial token team and early supporters have a vesting period of 3 years, with a 12-month cliff followed by linear distribution over 24 months, designed to encourage long-term contributions.
Chainbase Achievements (To date):
Has indexed over 200 blockchains.
Processes over 500 billion data calls.
Supports a community of over 35,000 developers.
Over 10,000 active projects are using Chainbase.
Engagement with Binance: Chainbase has also been part of the HODLer Airdrops Total $C 20,000,000 for BNB holders, and its token price surged after the announcement of the airdrop and listing on Binance.
In short, Chainbase with its $C token aims to be a robust and decentralized data foundation for the rapidly growing AI and Web3 applications, focusing on providing structured, accessible, and secure blockchain data.
Disclaimer: This article is presented for informational and educational purposes only and is not financial, legal, or investment advice. The cryptocurrency market is highly volatile and carries high risks. Past performance does not guarantee future results. There is a risk of losing all the capital you invest. Always consult a professional financial advisor before making investment decisions.
