Alright, let's break down the tokenomics of the $CGPT Token in a straightforward manner.
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Token Overview:
CGPT is the native utility token of the ChainGPT ecosystem, operating on both Binance Smart Chain (BEP-20) and Ethereum (ERC-20) networks. It's designed to facilitate various functions within the platform, including accessing AI tools, participating in governance, and staking for rewards.
Total Supply and Distribution:
The total supply of CGPT is capped at 1 billion tokens. Here's how they're divvied up:
Private Sale A: 11.4%
Private Sale B: 4.5%
Public Sale: 9%
Liquidity Pool: 20%
Team: 9%
Development: 4%
Advisors: 3%
DAO (Decentralized Autonomous Organization): 9%
Reserve: 9.85%
Marketing: 9%
KOLs (Key Opinion Leaders): 6.25%
Farming: 5%
Vesting and Release Schedule:
To prevent market flooding, CGPT tokens are subject to vesting periods:
Private Sale A: 3.5% unlocked at Token Generation Event (TGE), then locked for 3 months, followed by linear vesting over 18 months.
Private Sale B: 7% unlocked at TGE, locked for 3 months, then vested linearly over 14 months.
Public Sale: 15% unlocked at TGE, locked for 2 months, then vested linearly over 8 months.
Liquidity Pool: 28% unlocked at TGE, with the remainder vested linearly over 12 months.
Team: Locked for 6 months, then vested linearly over 42 months.
Development: Locked for 3 months, then vested linearly over 24 months.
Advisors: Locked for 5 months, then vested linearly over 24 months.
DAO: Locked for 6 months, then vested linearly over 54 months.
Reserve: Locked for 6 months, then vested linearly over 36 months.
Marketing: 7% unlocked at TGE, locked for 1 month, then vested linearly over 24 months.
KOLs: 10% unlocked at TGE, locked for 2 months, then vested linearly over 10 months.
Farming: 25% unlocked at TGE, locked for 1 month, then vested linearly over 48 months.
Utility and Use Cases:
CGPT tokens serve multiple purposes within the ChainGPT ecosystem:
Access to AI Tools: Pay-per-use model where users spend CGPT tokens to interact with ChainGPT's AI applications.
Staking: Users can stake CGPT to earn rewards and gain priority access to AI tools.
Governance: Stakers participate in the ChainGPT DAO, influencing project decisions through voting.
ChainGPT Pad Participation: Staking CGPT allows users to access different tiers within the ChainGPT Pad, offering various benefits.
Deflationary Mechanism:
To maintain token value, ChainGPT employs a burning mechanism:
Fee Distribution: 50% of the fees collected are burned, reducing the total supply over time. The remaining fees are split between the DAO treasury (25%) and the ChainGPT operational vault (25%).
Current Market Performance:
As of now, CGPT is trading at approximately $0.361956 USD, with an intraday high of $0.418342 USD and a low of $0.358311 USD.
CGPT's tokenomics are structured to encourage active participation and long-term commitment from its community. The combination of utility, staking rewards, governance rights, and a deflationary model aims to create a sustainable and engaging ecosystem for its users.