The $C token will see a wave of ten million tokens unlocked the day after tomorrow. Perhaps many people believe that when tokens are unlocked, the price will drop. In fact, this is not the case. The current cryptocurrency market is already very mature. Before the tokens are unlocked, project parties or users from pre-allocated airdrops can sell the C tokens in advance through contracts, so there is no need to wait until after the unlock to sell the tokens.
Therefore, many projects will be found to have their prices rise rather than fall after the token unlock. Now, let's take a look at the fundamentals of the Chainbase token.
Chainbase is a decentralized data engine designed for Web3. It focuses on solving the most troublesome problems for blockchain developers: how to efficiently and reliably store and query vast and continuously growing on-chain data.
The core of this platform is to provide high-performance real-time data indexing and fast query capabilities, ensuring data integrity and availability even in a decentralized environment. It excels at cross-chain data management, allowing developers to no longer worry about data silos across different blockchains.
By overcoming these fundamental data challenges, Chainbase greatly reduces the burden of developing decentralized applications (DApps) and smart contracts, paving the way for more complex Web3 applications.
The $C tokens circulating within the platform are the 'fuel' for the entire Chainbase network operation. They are used to support various operations on the platform and incentivize participants in the network (such as nodes, data providers, etc.) to jointly maintain and develop this infrastructure.
