ChainGPT is an advanced AI model designed specifically for content related to blockchain and crypto. The blockchain-based platform aims to harness the potential of artificial intelligence for the blockchain industry, offering numerous use cases customized for individuals, developers, and businesses.

ChainGPTs services can be used to develop smart contracts, perform risk management and AML, explain code, conduct blockchain and market analysis, and even offers AI-based trading capabilities to assist advanced crypto traders. The project also provides in-depth knowledge and guidance on relevant industry topics and functions as a code auditor for blockchain developers.

The innovative AI-based model constantly learns and evolves and leverages the latest algorithms and high-speed computing capabilities to address challenges in the blockchain and crypto sectors. ChainGPT aims to serve as a go-to tool for all stakeholders associated with the blockchain industry, giving them quick and reliable access to all kinds of industry-based knowledge and information.

CGPT, a BEP-20 token on the BNB Chain, is the utility token of ChainGPT. It is used to access several AI tools and products powered by the ChainGPT service and powers its ecosystem.

The ChainGPT ecosystem consists of the following components:

AI Chatbot

ChainGPTs AI Chatbot is a conversational AI-powered assistant that provides blockchain and crypto information. Individuals, developers, and businesses can use it for no-code smart contract development, code debugging, market analysis, research, trading, and more.

Dev Assist

This browser extension offers an in-depth explanation of how smart contract interactions work. Developers and non-developers can use this tool to understand how smart contracts are coded and function.

AI-Generated News

ChainGPTs AI-powered news service automatically generates and provides the latest news from the blockchain and crypto industry. This service lets users stay up-to-date with current happenings, trends, and developments.

AI-Generated NFTs

ChainGPT also lets users create NFTs through prompts with the help of its AI-powered algorithms. These AI-generated NFTs can be used as in-game assets, digital artwork, and collectibles.

AI Trading Bot

ChainGPTs AI Trading Bot automatically analyses market data and can make trading decisions on decentralized exchanges (DEXs). The trading bot service offers high-speed trade execution to reduce risks and maximize profits.

ChainGPT (Layer-1 Blockchain) Virtual Machine

ChainGPT Virtual Machine is an EVM-compatible next-gen virtual machine. It can be used to access AI services on-chain and develop AI-powered dApps on the blockchain.

ChainGPT was founded by Ilan Rakhmanov, an entrepreneur with experience across coding, marketing, business design, and several functions, who envisioned the project in Q3-Q4 2022. The team was put together to design, plan, and develop the advanced AI model.

ChainGPT launched an ICO between April 5 and April 8, 2023, via the sale of its token CGPT. The deal was oversubscribed, helping the team raise $910,000 in funding against their goal of $720,000.

ChainGPTs AI model was used to develop a chatbot, and the team also released its whitepaper during this period. In addition, the team began pitching their project to early investors and big tech companies to rally support.

As of April 2023, the team is focused on releasing the prototype of its AI Chatbot along with a staking and farming dApp for CGPT and other supported tokens. Other priorities in the ChainGPT roadmap include the official release of the ChainGPT AI Chatbot v1.0, API and SDK for businesses and developers, and a mobile app version of the project. The team also aims to launch a DAO-based voting system to empower $CGPT holders with the right to participate in the decentralized governance process.

ChainGPTs CGPT is a promising addition to your cryptocurrency portfolio, especially if you're interested in staying current with trends and incorporating AI-driven crypto projects. The CGPT token price may experience growth due to the increasing interest in this industry segment as it is the native token of an AI-powered blockchain platform.

The ChainGPT price may increase as developers continue to introduce enhancements, making the project more efficient and appealing to users. Key developments such as network improvements, strategic partnerships, seamless integrations, and significant investments play a crucial role in boosting the value of the CGPT token.

Sentiment can also influence the ChainGPT price in the crypto market. A positive outlook among investors towards digital assets may lead to increased buying activity, subsequently driving up the price of CGPT crypto in the market.

Although providing an exact ChainGPT price prediction for any time frame is impossible, you can observe various fundamental factors that offer deeper insights into this tokens price movements and volatility. Key elements to consider include:

Level of Adoption

As the ChainGPT platform and its applications attract more developers and end-users, heightened on-chain activity may raise the demand for and value of $CGPT crypto. This increased activity could also enhance investor confidence in the token, prompting more investors to purchase and hold CGPT coins.

Future Innovation

The launch of new features that enhance the capabilities of ChainGPT makes it a more appealing project for usage or investment, causing the CGPT token price to receive a boost. Additionally, the value of ChainGPT cryptocurrency could experience a surge when the team announces new partnerships and investments in their project.

Market Outlook

Market sentiment plays a crucial role in determining price trends for CGPT crypto. A risk-on attitude among global investors promotes buying activity in the crypto market, bolstering the ChainGPT price. Conversely, a bearish or risk-averse sentiment initiates sell-offs that could negatively impact the CGPT price in the market.

$CGPT is the token that powers the ChainGPT ecosystem and has the following use cases:

Utility Token

Users need CGPT tokens to access ChainGPTs wide range of tools and services. It is the medium of exchange used to access the advanced AI model of ChainGPT.

Governance Token

CGPT holders can become members of the ChainGPT DAO. They can stake their tokens to enjoy voting power and contribute to how the platform evolves in the future.

Earn Passive Income

CGPT can also be used for various DeFi activities, such as staking and farming in the ChainGPT ecosystem. Staking $CGPT lets users access ChainGPTs AI model, while farming allows them to lend liquidity to pools and earn rewards.

Token Burning

ChainGPT uses 50% of all fees and profits generated by the platform to burn CGPT tokens. This deflationary mechanism supports the projects value and boosts the markets CGPT price statistics.

Crypto Asset to Trade and HODL

Trade ChainGPT against other crypto assets to profit from changing market conditions and volatility. You can buy or sell CGPT or hold it long-term if you believe in the future potential of the ChainGPT project. Remember to DYOR before entering any new trade in the crypto market, as digital assets experience high volatility and are subject to market risks.

ChainGPT offers several solutions for stakeholders within the blockchain and crypto industry, including:

Developers

ChainGPTs AI model lets developers generate custom smart contracts without coding experience. They can create custom dApps and other blockchain-related code in an automated and convenient manner.

Businesses

ChainGPTs API and SDK let businesses quickly integrate the platforms advanced AI model into their applications and services. They can also use the ChainGPT SDK and API to create and deploy new dApps within the ChainGPT ecosystem.

Advanced Trading Powered by AI

Advanced crypto traders can use ChainGPTs AI tools to create advanced trading bots and market analytics tools. They can automate market analysis for high-frequency trading to maximize their experience from crypto trading.

Individual Users

Individual users can leverage ChainGPT as a knowledge base to gain information about all aspects of the industry. In addition, ChainGPT also offers an advanced collection of blockchain analytics tools to help with risk management, AML, and other essential services.

According to the ChainGPT tokenomics, the circulating supply of CGPT at the token generation event (TGE) was 83,188,923.08. At the CGPT token sale, 15.90% of the supply was set aside for the two rounds of private sales, 6.25% was issued to KOLs, and 9% was distributed among the public.

Beyond this, 20% of the CGPT token supply was set aside for liquidity, 9% went to the DAO, 11.25% to the Reserve, and 9% was kept for marketing activities. 10% of the $CGPT supply was allocated to the team, another 4% for development, and 3% went to the projects advisors. 5% of CGPT supply was also allotted for farming activities.