Chainbase is a multichain data network designed to integrate all blockchain data into a unified ecosystem, providing an open and transparent layer for data compatibility in the age of artificial intelligence. This enables developers to easily access and utilize data to build applications.
The project presents a new dual-chain architecture that combines programmability and encrypted data aggregation. This architecture allows Chainbase to support high-throughput data processing and low-latency access while enhancing network security through a dual-staking model.
Chainbase's mission is to make data more accessible and valuable, enabling users to fully leverage the open internet age. The network currently operates with a team of about 40 people, supporting over 15,000 developers, 8,000 projects, and handling over 500 billion data requests.
Chainbase recently announced that it raised $15 million in a Series A funding round led by Tencent Investment Group and Matrix Partners China, with participation from other investors. This brings Chainbase's total funding to $18 million.
Key activities of Chainbase
On July 14, the Binance Alpha platform launched the C token distribution program, allowing users to use Alpha points to receive tokens. This event aims to boost short-term trading activity and increase long-term user engagement.
Bitget announced the listing of C tokens in the innovation and AI zone, with spot trading for C/USDT starting on July 14. At the same time, Bitget launches a Launchpool campaign with a reward pool of 2.75 million C tokens from July 14 to 16, allowing users to stake BGB or C to earn rewards.
Earlier in July, Chainbase announced the establishment of a non-profit fund to support the DataFi ecosystem. The fund supports developers, data providers, and the community through grants, incentivizing high-quality data collection, and organizing ambassador programs.
C Token has been integrated to ensure transparent and sustainable rewards, through collaboration with AI models, DePIN solutions, and storage services. Chainbase continues to expand by integrating more chains into the metadata network, reaching a total of over 200 indexed chains.
Projects like Spiko integrate with Chainbase to access on-chain data for a cryptocurrency fund worth over $380 million. These upgrades enhance Chainbase's role in providing structured data for decentralized finance and artificial intelligence applications.
See more: ChainBase airdrop guide
Tokenomics
Token name: Chainbase
Token: C
Total supply: 1,000,000,000 C
C token is the native asset of the DataFi ecosystem. With a total supply of one billion tokens, C token is designed to support data access, community incentives, decentralized data processing security, and protocol governance.
The token will be launched on the Base platform to leverage high performance and low fees, with liquidity deployed on the Binance Smart Chain (BSC) to reach a wider user base. This multichain approach ensures compatibility and supports the expansion of the Web3 ecosystem for the Chainbase platform.
Tokens convert raw on-chain data into economic assets, enabling actors, protocols, and users to coordinate efficiently through a shared data layer.
Distribution
Ecosystem and community: 40%
Airdrop: 13%
Node operator reward: 12%
Early investors: 17%
Core group: 15%
Liquidity: 3%
The main tool for C token
Data access: Applications, protocols, and AI agents use C language to query and extract structured data from the descriptive web.
Ecosystem incentives: C is distributed to developers, contributors, and users based on the value they add to the network.
Decentralized execution security: C is used to support and verify data processing through the Active Verification Service (AVS) layer.
Protocol governance: C holders can vote on protocol upgrades, incentive models, and network standards.
DataFi Payment Unit: C is the standard unit for calculation and payment in the Chainbase ecosystem.
Chainbase builds a metadata network for the age of artificial intelligence
Chainbase is developing the Hyperdata network, a system that transforms on-chain signals into structured, reliable data ready for artificial intelligence. With three core components - Manuscript, AVS, and C Token - the platform enables automated, compliant, and optimized cryptocurrency applications, achieving economic benefits for both users and developers.
The manuscript is the programming layer for creating data assets, ensuring AVS decentralized execution and verification, with C Token serving as the native currency, supporting use cases for Artificial General Intelligence (AGI).
The Chainbase system has indexed over 220 chains, processed over 500 billion data queries, and attracted more than 35,000 developers. Over 10,000 projects, from MEV infrastructure to chain analytics, leverage Chainbase to effectively utilize data.
DataFi: The future of on-chain data
The metadata network is not just a technical tool but also the foundation for DataFi - a decentralized data economy.
With high processing speed, low latency, and high security, Chainbase meets the growing demand for high-quality data for artificial intelligence and cross-chain applications. The C Token, with a supply of one billion tokens, plays a central role in driving data production, exchange, and governance.
The launch of the Hybridata network represents a significant achievement in integrating artificial intelligence with blockchain technology. With tremendous potential for future DataFi applications, C Token is seen as the 'golden axe' for investors.
Backed by major investment firms like Matrix Partners and Hash Global, Chainbase is working to establish a comprehensive, transparent, and sustainable data ecosystem.
Chainbase Network
The Chainbase network consists of operators, validators, developers, and delegators providing services to the network and data for Web3 applications. Users utilize these applications and consume the generated data.
In the initial phase, the Chainbase network operates supported by CBT tokens, responsible for paying query fees, storage, and rewarding users. CBT tokens are mainly allocated to operators and delegators (80%) to incentivize the maintenance and improvement of computing resources, ensuring efficient data query processing.
The remainder is split between developers (15%) and 5% of data query fees are burned.
Developers
Developers play a role on both the supply and demand sides of network data. They build schemas and deploy them on the network to earn rewards. Meanwhile, when building decentralized applications, developers query network data and become its users.
Operator
Operators provide the necessary computing resources for the execution layer, ensuring efficient data processing. Operators receive rewards similar to proof of work, as massive workloads require higher hardware requirements. To become operators in the network, participants must register on the Holesky test network or the Eigenlayer smart contract mainnet.
Validator
Validators play a vital role in ensuring the security, safety, stability, and data consistency of the network. Validators achieve consensus by optimizing cometbft, using DPOS to determine voting weights based on the amount of stored CBT tokens.
Authorized person
Delegators enhance the economic security of the network by depositing their tokens with validators and operators. The Chainbase network uses a dual deposit mechanism, allowing delegators to choose to deposit ETH (or LST) and CBT.
Chainbase architecture
Data access layer
The data access layer manages data access and storage in the network, compatible with streaming and batch processing scenarios. It also provides capabilities for data validation, including:
Data access interface: Provides access to both batch and streaming data.
Data storage: Supports a variety of storage solutions, including Lakehouse, Arweave, S3, and IPFS.
Data proof: Implementing storage-based consensus models and zk proofs to ensure data integrity and availability.
Consensus class
The consensus layer ensures that all nodes in the network reach consensus on data and consistent state, based on the immediate finality of CometBFT and the freshness of second-level data.
Consensus algorithm: Based on CometBFT and DPoS (Delegated Proof of Stake) to achieve efficient and secure consensus.
ABCI++: An ABI extension for the Cosmos network, responsible for converting the Chainbase Virtual Machine (CVM) state into a format compatible with the CometBFT consensus engine.
Staking pool: Aggregates staked tokens from various sources in the Cosmos ecosystem to ensure network security.
Execution class
The runtime layer is responsible for processing data at scale and executing the data transformation logic for the draft.
Chainbase Virtual Machine (CVM): Provides parallel computing capabilities for executing scripts.
Parallel execution engine: Uses multiprocessing to process data in parallel, leading to improved performance and productivity.
ChainbaseDB (CDB): A database system supporting multiple storage engines including VectorDB, GraphDB, and KV.
Active Verification Service (AVS): Provides economic security from Ethereum recovery, ensuring a fully decentralized CVM execution environment.
Dual staking security
This unit enhances network security for the consensus and execution layers in the dual-chain architecture through a dual-staking mechanism.
Regular shares group:
Native token share
The self-staking layer has been restored
Dual staking model: Aggregating the stakes of all validators and their authority over different assets, then combining the comprehensive economic security of encrypted assets.
Draft
The draft specifies the standards that various data sources must adhere to when transforming into datasets.
CVM interface
The CVM interface provides a unified set of protocols for interacting and communicating with the CVM, allowing developers to write and manage scripts online and access data.
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