Recently, I saw several bloggers recommending coin $C in the square, apparently due to some positive news!
The world's first full-chain data network @Chainbase Official (which is the C token) has recently completed a Series A financing, raising $18 million. This round of financing was led by Tencent Investment Group and Matrix Partners China, which also means that the data infrastructure of Web3 has entered a new stage. Its self-developed dual-chain architecture combines programmable functions and encrypted data aggregation, capable of real-time indexing of data from over 200 blockchains, processing 240 million queries daily, and supporting more than 24,000 on-chain projects.
There are several breakthroughs in technology:
• Dual staking model: Users can simultaneously stake ETH (or LST) and C tokens, ensuring network security through an improved CometBFT consensus mechanism, where the voting weight of validators is directly linked to the amount staked.
• AVS verification system: Introduced Ethereum's economic security, ensuring that decentralized data processing cannot be tampered with. It currently supports over $380 million in on-chain currency fund data interactions.
• AI native design: It can convert raw on-chain data into structured datasets and has collaborated with projects like Spiko to develop smart contracts, promoting deeper integration of DeFi and AI.
There are also new developments in the ecosystem:
After the C token was launched on the Binance Alpha platform, the airdrop event that started on July 14 attracted over 500,000 users. At the same time, Bitget's Launchpool mining reward pool had 2.75 million tokens. By staking BGB or C tokens, participants could share in the distribution. Its token economic model is uniquely designed: 80% of the fees are allocated to node operators, 15% are used to incentivize developers, and 5% will be burned, thus forming a sustainable value cycle.