ChainGPT is a project that aims to bridge the gap between Web3 and AI by providing a decentralized platform for AI-powered services. The project has recently launched its native token, $CGPT, on the Ethereum network, expanding its reach and interoperability across different blockchains.
$CGPT is a utility and governance token that enables users to access various AI tools and applications on the ChainGPT ecosystem. Some of the use cases include NFT minting, community management, smart contract auditing and creation, launchpad tiering, and more. Users can also participate in the governance of the platform by voting on proposals and influencing the development direction of the project.
The token was initially deployed on the Binance Smart Chain (BSC), but ChainGPT has partnered with ChainPort, KuCoin, BitGet, and other Web3 partners to create a bi-directional bridge between BSC and Ethereum. This allows users to seamlessly transfer their $CGPT tokens between the two networks and enjoy the benefits of both ecosystems.
ChainGPT Expects to Revolutionize the Industry
The bridge was launched on June 19th, 2023 at 10AM EST / 2PM UTC. Users can access the bridge through the ChainPort app (app.chainport.io). Several exchanges have confirmed their support for the ERC-20 version of $CGPT, including Uniswap, KuCoin, BitGet, and Gateio. The token is also listed on CoinMarketCap, CoinGecko, and Etherscan.
One of the leading DEXs in the DeFi space, UniSwap, allows users to trade any ERC20 token on Ethereum without intermediaries or platform fees. By creating a $CGPT token pool on Uniswap, the token will have immediate access to the largest decentralized exchange on Ethereum. ChainPort is a bridge that connects different blockchains and facilitates the exposure of $CGPT on major crypto directories and analytics portals.
By bridging $CGPT to Ethereum, ChainGPT is opening up new possibilities for its token holders and expanding its on-chain footprint. The project is aiming to become the leading provider of AI-powered infrastructure for the crypto, blockchain, and Web3 industry.