Chainbase Native Token $C In-Depth Research Report
—— Value Engine Under Data + AI Narrative
1. Core Value of the Token: The 'Economic Blood' of the Data Network
Definition: $C is the native token of the Chainbase decentralized data network, used for paying data query fees, incentivizing ecosystem contributors (developers/operators/validators), and governance voting.
Key Mechanisms:
- Revenue Distribution Model: 80% of data query fees reward operators and stakers, 15% goes to developers, and 5% is burned (
- Dual Staking Design: Both operators and validators need to stake $C to ensure network security
Latest Updates:
- Daily processing of over 2 billion data calls, serving 8000+ projects ([2][6]).
- Collaboration with io.net to deploy AI model Theia (8 billion parameters), utilizing distributed GPU to accelerate training (
2. Upside Logic: Scarcity + Demand Explosion Dual Drivers
Deflationary Engine:
- 5% of query fees burned + staking locks liquidity → Annual inflation rate -2% (
- Comparable Case: Chainlink (LINK) surged 42% in a single week in 2024 due to skyrocketing data demand
Demand Scenarios:
- AI Training Fuel: Theia model requires on-chain data for training, making $C payment a necessity ([9]).
- Airdrop Expectations: Genesis event rewards Zircons (potential $C redemption certificates), user count exceeds 500,000
Controversy:
- Is there an over-reliance on AI narrative? Competitor The Graph (GRT) did not see significant increases due to AI.
---
3. Future Narrative: The 'Android System' of the Web3 Data Layer
Core Positioning:
- Unified data format standards to break inter-chain barriers (e.g., ETH/Solana data interoperability).
- On-chain Native AI Integration: Transforming raw data into actionable insights (e.g., DeFi risk alerts, NFT valuations) (
Ecosystem Expansion:
- Developer Attraction: $15 million Series A funding (led by Tencent and HashGlobal), incentivizing tool development
- Enterprise Applications: Collaboration with TrustaLabs to promote EcoBoost plan, providing compliant data services (
Risk Warning:
- Competitor Dune Analytics has captured 40% of the on-chain analytics market share; $C needs to accelerate penetration
@Chainbase Official e Official
