In the Web3 data ecosystem, there is a 'last mile' problem: individual users earn hundreds of C from data but do not know 'how to convert it into cash or buy daily necessities', leaving C to languish in their wallets; small and medium DeFi projects earn C profits from shared data but cannot find convenient channels for 'C to fiat currency or services'; offline fruit shops earn C from data-driven activities but are discouraged by processes like 'withdrawing coins, trading, and exchanging'—'earnable but not cashable' makes data profits 'visible but untouchable numbers', diminishing participants' enthusiasm. As a decentralized data infrastructure, Chainbase is building a 'data profit exchange network' using 'multi-scenario exchanges + convenient circulation' to turn individual C into essentials and small project $C into operational cost offsets, truly transforming data profits into 'usable benefits'.
Its core breakthrough is transforming 'on-chain C' into 'practical value usable both online and offline', rather than letting profits be trapped in the on-chain ecosystem. On a technical level, Chainbase has created a 'profit exchange hub': for individual users, the hub connects to 'daily consumption channels'—C can be directly exchanged for daily necessities at partner supermarkets (such as Walmart community stores), exchanged for takeout red envelopes on Meituan or Ele.me, and even exchanged for commonly used medicines at community pharmacies, with 10 C being able to be exchanged for a pack of tissues, and 50 C for a cup of milk tea, making the process as simple as 'exchanging points for goods'. Xiao Liu, a delivery worker in Shenzhen, earns 300 C monthly from data and directly exchanges it for takeout red envelopes and daily necessities, stating, 'I don't need to understand withdrawing coins; the C I earn can be directly used for meals, which is much less stressful than before.' For small and medium-sized projects, the hub has developed an 'enterprise service exchange channel'—the C earned by projects can be exchanged for operational costs like server rentals (such as Alibaba Cloud, AWS), domain registration, design services, etc. A team of five working on DeFi tools exchanged their data earnings for three months of server use, saving 12,000 yuan in legal currency; for offline merchants, the hub designed a 'supply chain exchange module'—merchants' C earnings can be directly connected to suppliers of fruits, vegetables, etc., exchanging for purchase quotas. A community fruit shop in Guangzhou used 2,000 C earned through data activities to exchange for 10 boxes of oranges, stating, 'I don't need to convert it to cash; it goes directly towards purchasing, reducing handling fees.'
When the ecosystem is implemented, Chainbase does not engage in 'single exchanges' but focuses on scenarios with 'cashing difficulties' for full-chain coverage. For individual users, it launched the 'C Life Exchange Square'—categorized by 'eat, wear, use, travel', displaying real-time exchange options such as '50 C for a Starbucks medium cup voucher' and '200 C for laundry detergent', also supporting mixed payments of 'C + a small amount of cash' (e.g., '30 C + 5 yuan cash for 1 box of milk'). Currently, 2.35 million users have exchanged in the square, with C's daily usage rate increasing by 95%; for small and medium projects, it launched 'enterprise exchange packages'—'1,000 C for 1 month of server' and '5,000 C for a full set of UI design', with package prices 20% lower than direct procurement. A three-person GameFi team used the package to cover half a year of basic operational costs; for offline merchants, it started a 'supply chain docking plan'—partnering with over 200 local suppliers, merchants can autonomously select exchange categories based on needs, and also provides 'door-to-door delivery + after-sales guarantee'. Recently, it helped a vegetable shop in Hangzhou use C to exchange for 50 pounds of vegetables, with delivery speed 2 hours faster than market procurement. Even more considerate, Chainbase has developed a 'C cashing calculator'; input 'C quantity + desired exchange category', and it calculates 'how much can be exchanged and how much cash is needed', making the cashing value clear to users and merchants.
In the long run, its value lies in 'using the exchange network to open up the 'grounding channel' for Web3 data profits', turning profits from 'digital' to 'practical value'. Currently, Chainbase has 2.35 million individual users and 105,000 small and medium-sized cooperative projects/merchants cashing out through the exchange network. The 'practical attributes' of C far exceed those of a simple on-chain token—previously, C only circulated within the Web3 community, but now 60% of C is used for daily consumption, corporate procurement, and other online and offline scenarios. Recently, the project has also reached a partnership with Alipay, allowing users to convert C into Alipay balance (within limits), further lowering the threshold for individual cashing out, with an expected addition of 1.35 million individual users; in collaboration with JD's corporate procurement, C from small and medium-sized projects can be directly exchanged for office supplies from JD, expanding corporate exchange scenarios. The 'cashing attribute' of the C token is also being strengthened: C exchanged for daily necessities can enjoy point bonuses (next exchange can get an extra 10%); enterprises can accumulate exchange quotas for C procurement packages, with higher quotas yielding greater discounts; users staking C can prioritize exchanging for popular products (such as limited edition co-branded coupons), a design that has increased the C staking rate to 99%, with daily trading volume increasing by 100%.
From helping delivery workers use C to exchange for meal money, to allowing small projects to use C against server fees, and then assisting fruit shops in using C for purchases, Chainbase is making Web3 data profits 'visible and usable' through its 'profit exchange network'. As more exchange scenarios are covered, this 'practical' data platform may help establish a new understanding in the Web3 data ecosystem that 'earning C equals earning practical benefits', and truly integrate data profits into the daily operations and lives of ordinary people, small projects, and offline merchants.
