Token Chainbase ($C) is the main cryptocurrency asset in the Chainbase ecosystem, a decentralized data network designed to collect and process data from various blockchains. Its main goal is to transform fragmented on-chain data into structured and ready-to-use datasets, especially for artificial intelligence (AI) applications.
Main Functions of Token $C
•Payments and Access: Token C is used to pay network fees, such as for accessing structured datasets and utilizing computing resources on the Chainbase platform.
•Staking and Network Security: Validators and node operators must stake token C to help maintain the network and process data workflows. In return, they can earn staking rewards.
•Governance: Token C holders have the right to participate in protocol governance. They can vote on important decisions, such as protocol upgrades, incentive structures, and ecosystem parameters, to shape the future of Chainbase.
•Income-Generating Asset: By staking, token holders can earn validation rewards as Chainbase operates as a node on various blockchains.
Technical Details
Token C has a total supply of 1 billion with a circulating supply of around 160 million. This token was launched on the Ethereum network and BNB Smart Chain (BEP20). Chainbase uses a dual-chain architecture to enhance performance and security, as well as combining consensus and execution layers for fast data processing and low costs.
