Token C (Chainbase) is the central digital asset on the Chainbase platform, which is a multi-chain data network (Hyperdata Network) designed to support a programmable data architecture compatible with artificial intelligence (DataFi). C enables various applications, agents, and systems to access verified and organized data across more than 80 blockchain networks including Ethereum, Binance Smart Chain, and others.
The C token is used in several key functions within the system:
Paying platform usage fees: Developers and agents use C to query datasets or run applications that rely on Chainbase data.
Incentives and rewards: C is distributed as a reward to node operators, developers, and contributors who provide data or work on improving the platform.
Decentralized verification (Staking): C can be staked to contribute to the network's security through the decentralized execution layer AVS, subject to penalties to ensure integrity.
Decentralized governance: C holders can vote on protocol upgrades, modify incentive models, and set the operational standards for Chainbase.
Data currency (DataFi): C acts as a computational settlement unit used as a price standard within the economic environment of Chainbase, with a portion of the fees burned to reduce supply and mitigate inflation.
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