What is #Chainbase ? @Chainbase Official $C

Chainbase is a hyperdata network that transforms omnichain data (multiple blockchain data) into structured, AI-enabled data layers. It allows developers to easily query and manipulate data from different chains on a single platform.

Working Architecture:

Dual-chain design: Network coordination and governance are provided by Cosmos, while Ethereum security is ensured by restaking via EigenLayer.

Manuscript protocol: Developers can publish scripts that process raw blockchain data and convert it into a standard format. These scripts earn rewards as they are used.

Uses:

Wallets, DeFi analytics tools, security systems, AI-based applications, and multi-chain data queries

Token Economy ($C):

The C token is used for data access, staking (AVS support), governance, and protocol incentives.

Distribution: 40% allocated to the ecosystem and community, 13% to airdrop incentives, and 12% to employee incentives.

Funding and Partnerships:

In July 2024, a Series A round led by Tencent and Matrix Partners raised $15 million (private investment + seed round totaling $16.5 million).

ChainCatcher news also included details and developments: testnet, mainnet plan, AI and Web3 collaborations, airdrop events.

Current Price Performance Analysis

Source Price (USD) 24 Time Change Volume (24h) Market Cap

Binance $0.2484 -6.14% $30.43M $39.74M

CoinGecko $0.30โ€“$0.45 (up and down throughout the day) 7-day performance: -23% (overall market -0.2%) $170M (24h)

CoinMarketCap $0.2598 โ€“0.77% $31.3M $41.6M

RootData $0.2482 โ€“6.88% (24h) $30.7M $39.7M (minuscule)

Overall Assessment:

The $C token has lost around 6% of its value in the last 24 hours.

Performance has decreased by 20โ€“23% in the last 7 days; This reflects its relatively underperformance in the overall crypto market.

There are 160 million tokens in circulation; the maximum supply is 1 billion tokens.

Market capitalization is approximately $40 million, and FDV (when fully traded) is approximately $248 million.

Article Summary: Chainbase โ€“ The Digital New Language of Data

Chainbase is a unique project transforming the blockchain world into an AI and DeFi-focused datafi infrastructure. It stands out with its developer-friendly APIs, data processing scripts (manuscripts), and dual-chain architecture. The $C token plays a critical role in data access, staking, governance, and incentive mechanisms, providing value to the ecosystem.

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