Chainbase aims to democratize on-chain data access and has processed over 500 billion data calls to date, supporting more than 20,000 developers and 8,000 projects.
Data, as a core element of blockchain technology, is becoming increasingly important. It is not only a key resource driving the development of the entire ecosystem but also a source of continuous vitality. However, behind the booming Web3, we also face numerous challenges:
The excessive number of public chains leads to data being scattered across various independent networks, hindering efficient circulation and value extraction. Low-quality data fails to meet the demands of complex applications, limiting the development and implementation of innovative applications. Existing centralized platforms struggle to integrate global data and developer communities, obstructing the true realization of decentralization and collaborative development in Web3.
In this data dilemma, Chainbase has chosen to pivot into the data field with keen market insight, reshaping Web3's data infrastructure in a chain-native manner, laying a solid foundation for the integration of AI and blockchain. It is committed to building an open, transparent, and crypto-native data interoperability layer, enabling developers worldwide to easily access, process, and utilize data resources.
Currently, Chainbase has successfully completed a $15 million Series A funding round, attracting participation from several investment institutions, including Tencent Investment Group, Matrix Partners, Hash Global, Folius Ventures, JSquare, DFG, Mask Network, Bodl Ventures, and Bonfire Union Ventures. This funding will be used to build the most comprehensive on-chain data infrastructure for the Web3 ecosystem.
Chainbase aims to democratize on-chain data access and has processed over 500 billion data calls to date, supporting more than 20,000 developers and 8,000 projects.
Chainbase: Focused on Building Crypto Native Data Infrastructure
Chainbase focuses on the crypto native data infrastructure field. Compared to traditional data infrastructures like The Graph and Dune, Chainbase centers on blockchain, creating the next-generation data stack with a chain-native approach. It has built a four-layer dual-consensus decentralized architecture to achieve high accessibility across multiple chains, ensuring data integrity in decentralized networks and unifying data format standards for broader use of on-chain data in larger-scale complex applications and AI-related applications. Additionally, Chainbase has introduced on-chain native AI, opening up new possibilities for data analysis and applications.
The technical architecture of Chainbase includes four key layers: data access layer, data integrity layer, data format standard layer, and on-chain native AI layer. Specifically:
Data Access Layer: Provides efficient and convenient data access interfaces, supporting data calls from various blockchain networks, ensuring real-time and accurate data.
Data Integrity Layer: Utilizes distributed ledger technology and cryptographic algorithms to ensure data integrity and immutability, thus protecting user data security.
Data Format Standard Layer: Unifies data format standards, eliminating data silos and achieving cross-chain data interoperability.
On-Chain Native AI Layer: Integrates AI technology into the blockchain network, providing smart contract and data analysis services to enhance data processing and application efficiency.
This new architecture of Chainbase ensures efficient data processing and access while providing strong support for data analysis and applications through the introduction of on-chain native AI. It not only better adapts to the rapid development and diverse needs of Web3 but also offers developers more flexible and efficient data services. Furthermore, its decentralized design maintains high security and stability when handling complex data queries and analysis tasks.
As Chris Feng, co-founder and COO of Chainbase, mentioned in an interview, with the booming development of Web3, "on-chain data is no longer limited to simple transaction records but is gradually evolving into a new asset class." This data is not only used to verify transactions but has also become a valuable resource for providing insights and driving innovation. Chris Feng emphasized, "A robust data infrastructure is key to realizing this vision."
Chainbase understands the importance of data transparency and fairness, thus it is committed to building an ecosystem aimed at breaking the monopoly of a few centralized entities, providing a unified, modular, and interoperable on-chain data layer for a broader audience, enabling developers to easily access and utilize high-quality data to develop more precise and efficient applications in the Web3 environment.
Native Token $C Economic Model and Incentive Mechanism
The C token is Chainbase's native token and a core component of its ecosystem. Its tokenomics aims to support a sustainable and secure network environment by precisely coordinating the incentive mechanisms of all participants. This model ensures efficient collaboration between the execution layer and the consensus layer while continuously driving the ongoing development and widespread application of the network. As a utility token, the C token cleverly coordinates the supply and demand of data within the network and effectively incentivizes protocol participants to efficiently organize and manage data.
The incentive mechanism of the C token is mainly distributed through the following dimensions:
Data Query Fees: Data developers create scripts to process blockchain data, generating datasets available for querying and use. Each time these datasets are queried, a certain amount of C tokens must be paid to cover the cost of data retrieval and to reward network resource providers (such as operators and validators) for their continued excellent service. The distribution is as follows: 80% is rewarded to operators and their delegators to incentivize them to maintain and optimize computing resources, ensuring efficient processing of data queries; 15% is allocated to data developers to encourage them to provide high-quality data processing logic; the remaining 5% is burned to maintain the economic value of the token.
Incentive Operator Pool: In a six-year plan, a total of 15% of the C token supply will be unlocked annually, releasing 2% each year, aimed at incentivizing operators to provide reliable and diverse computing resources to support the network's large-scale data processing capabilities. The distribution principle is: 100% is fairly distributed to operators and their delegators based on the quality and quantity of data processing services provided for blockchain projects.
Block Rewards: To assist in network launch and maintain a -2% annual inflation rate, block rewards are established. The distribution is as follows: 100% is rewarded to validators and their delegators to recognize their contributions to maintaining network security, stability, and ensuring smooth blockchain operation.
To ensure the long-term value and stability of the C token, Chainbase has implemented several mechanisms to resist inflation and maintain the token's utility, including setting an annual cap on token issuance, carefully controlling the distribution of new tokens, maintaining the token's broad utility, adjusting query fees based on network activity, and requiring validators and delegators to stake tokens.
Why is the C Token Worth Attention?
First, the C token has real application scenarios as a value underpinning.
As the native token of the Chainbase data network, the C token aims to facilitate and incentivize various activities within the ecosystem, serving as a medium of exchange and an incentive engine within the platform. It not only promotes diverse activities within the ecosystem but also allows users to use it for data query fee payments and reward acquisition through its utility. Meanwhile, the tokenomics model of the C token ensures efficient collaboration between the execution layer and the consensus layer, providing strong momentum for the ongoing development and widespread application of the network.
Secondly, the C token's incentive mechanism shows full respect for the community.
The C token rationally distributes data query fees, incentive operator pools, and block rewards through its reward structure, ensuring that all participants receive their due returns. For example, 80% of data query fees are rewarded to operators and their delegators, 15% is allocated to data developers, and the remaining 5% is burned to maintain the economic value of the token.
More importantly, the C token's incentive mechanism encourages users to actively participate in network activities, earning rewards by providing computing resources, validating transactions, and contributing data transformation code. At the same time, the C token has implemented several mechanisms to resist inflation, maintain the token's utility, and ensure long-term user benefits.
How Can Users Better Participate?
Currently, users can earn C token rewards by participating in the Chainbase Genesis event and the first phase of the Chainbase EcoBoost event through verifying addresses, referring friends, and completing tasks. Additionally, Chainbase has partnered with TrustaLabs to launch the first phase of the Chainbase EcoBoost event, where participants have the opportunity to earn generous C token and eTrusta point rewards.
Moreover, there are various ways to contribute to the Chainbase network: developers can participate in writing documentation and coding for Chainbase, contributing to the project's improvement and development; users can support network development by using Chainbase's products and services; investors can provide financial support for the development of the Chainbase network by investing in C tokens. Actively participating in Chainbase's community governance and decision-making processes is also an important way to contribute to the project's long-term development.
Committed to Data Networks, Empowering Diverse Scenarios
In fact, Chainbase is becoming a leader in the decentralized data network field. To achieve high security and credibility of data and empower application development across various fields through data intelligence, Chainbase has three main core components to promote a virtuous cycle of data and applications: distributed ledger technology, dual-chain technology architecture, and dual-staking model, thus completing processes such as data verification, storage, processing, analysis, and value distribution, providing underlying support for the entire Chainbase ecosystem.
Specifically, the decentralized architecture is the cornerstone of the Chainbase protocol, ensuring the security and credibility of data. Through distributed ledger technology, Chainbase can prevent data from being tampered with or deleted, ensuring data integrity and reliability. The dual-chain technology allows Chainbase to support high throughput and low latency, meeting the demands of large-scale data processing. Meanwhile, the dual-staking model further enhances the network's security, ensuring data stability and availability.
In terms of data processing, Chainbase achieves high data accessibility across multiple chains and unifies data format standards, facilitating data interoperability. By introducing on-chain native AI, Chainbase provides new possibilities for data analysis and applications, greatly expanding the application scenarios and value of data.
The Chainbase protocol aims to facilitate data exchange and value distribution in decentralized data networks, wallets, security, AI, and other fields. Currently, Chainbase has a wide range of application scenarios across multiple domains. Taking DeFi as an example, Chainbase can provide comprehensive data support and analysis services for DeFi applications. Through Chainbase, DeFi applications can obtain real-time transaction data, market data, and other key information on the blockchain, providing strong support for decision-making. At the same time, Chainbase can also offer secure and efficient data storage and access services for DeFi applications, ensuring the safety of users' assets and data privacy.
Integrating with AI to Create a Model for the Crypto World
AI is sweeping the globe, and Chainbase deeply understands that the combination of AI and blockchain will be a key driving force for the development of Web3. The rise of AI is reshaping business operating models, while blockchain, with its unique advantages of data transparency and credibility, becomes an ideal partner for AI applications. Chainbase transforms raw blockchain data into insights that AI applications can operate on through its innovative network, enabling models to understand and process blockchain data more accurately, thus creating a smarter and more efficient application platform.
In terms of model innovation in the crypto world, Chainbase is committed to developing the first comprehensive intelligent model in the crypto field, which will significantly enhance the capabilities of artificial intelligence and set a new benchmark for on-chain intelligence. Chainbase firmly believes that this innovation will attract millions of developers and users, standardizing on-chain data interfaces and bringing unprecedented value to data creators and users.
Summary
In today's world, where the digital wave is sweeping across the globe, data has become an invaluable resource, and its strategic position is increasingly prominent. However, the privacy crises and monopoly issues encountered during the Web2 era are driving the industry to explore new paths. Chainbase, an ambitious project, is striving to build the world's largest full-chain data network, aiming to integrate scattered blockchain data into a unified ecosystem, providing an open and transparent data interaction foundation for the upcoming AI era.
The core mission of Chainbase is to return data sovereignty to users, ensuring privacy and security while promoting a more equitable distribution of data value. With the gradual improvement of the token economic system and the implementation of a series of community incentive mechanisms, Chainbase is gradually triggering its inherent flywheel effect, accelerating the project's comprehensive leap in product iteration, ecosystem construction, and user growth.
Chainbase not only redefines the value dimension of data but also opens up infinite possibilities for the deep integration of AI technology and blockchain. Its innovative framework for the crypto world is gradually becoming a reality, signaling that Chainbase is about to enter a more brilliant new stage of development.
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