đŁ What is #Chainbase (C Token) ? Complete Guide to the Worldâs Largest Omnichain Data Network
The rapid development of on-chain applications has led to an exponential increase in on-chain data. The trend has led to difficulties in the dispersion and interpretation of multi-chain data, particularly about real-time full-chain data. The integration of AI into the cryptocurrency market and the need for high-quality.
Chainbase has emerged as a full-chain data network aiming to address this serious pain point. The project aims to build a data network infrastructure with dual consensus. This article introduces âChainbase Genesisâ and explains how it seeks to democratize on-chain data access.
đ¸ What is Chainbase ( $C ) Token?
At the heart of the projectâs infrastructure is the Chainbase Token ($C). The C Token is the projectâs native token designed to fuel the entire ecosystem. The C token price has experienced several positive movements following the announcement of its listing by Binance. The other exchanges that have listed C Token at the time of writing include KuCoin, MEXC, Bitget, and PancakeSwap, among others.
There is a total supply of 1 billion tokens, launched on Ethereum. The C Tokenâs incentive structure is designed to create a sustainable token economy. At least 80% of the accrued fees will go to the operators who maintain the network. Some 15% has been earmarked to incentivize developers who bring valuable data tools. The remaining 5% will be gradually burned over time to reduce the tokenâs supply.Â
đ¸ Key Benefits of Chainbase
Low Latency, High Throughput:Â The platform facilitates fast data analysis and processing.
Security:Â Chainbase supports a dual-staking consensus model and an on-chain verification challenge to guarantee data integrity.
AI Readiness:Â The protocol is designed to transform raw on-chain data into verifiable, structured datasets for AI use.
Data Interoperability:Â The platform is a unified system enabling data access and utilization across different applications and blockchains.
