(PRESS RELEASE: read the disclaimer)
Broadening its horizons and looking to increase its on-chain footprint, ChainGPT has begun its cross-chain move by tying the $CGPT token with the Ethereum network.
Enabled through a partnership with ChainPort, KuCoin, BitGet, and other top-tier Web3 partners, ChainGPT has developed a decentralized two-way bridge between Binance Smart Chain and Ethereum for the $CGPT token. Users will now be able to transfer their $CGPT to and from the ETH and BNB/BSC networks seamlessly.
With the implementation of the bridge, the on-chain presence of the $CGPT token expands and gains access to the robust and vibrant ecology of the Ethereum network. Integrations into many of the world’s leading DEFI protocols, the opening of token pools on DEXs, and the provision of additional trading pairs against a broader segment of popular tokens are made possible.
What is $CGPT?
In essence, $CGPT is enabling a decentralized economy for AI services. As the native token of the ChainGPT ecosystem, $CGPT serves the dual functions of a utility and governance tool. The purpose of its utility is to provide access to a full suite of AI-powered Web3 tools, from NFT minting and community management to smart contract auditing and creation, launchpad tiering and more. . Its governance role relates to $CGPT’s role in distributing ownership rights to the platform among members of its community and giving them the opportunity to help steer the direction of project development. See the ChainGPT DAO here.
Where will the ERC-20 version of $CGPT be supported?
ChainGPT has been in communication with a multitude of exchanges that could provide support immediately upon instantiation. At this time, Kucoin, BitGet, and ByBit have all confirmed their support with a few other select major exchanges indicating their readiness.
On the decentralized support venues front, the world’s most popular DEX, UniSwap, will have an open $CGPT token pool to provide instant listing and liquidity on Ethereum.
With the help of ChainPort, $CGPT’s presence on major crypto directories and analytics portals, including CoinGecko and Etherscan, was accelerated.
Bridge Specifications
- 📆 Release date: June 19, 2023
- 🕛 Release time: 10 am EST / 2 pm UTC
- Bridge partner: ChainPort (app.chainport.io)
- Exchanges: Uniswap, KuCoin, BitGet, Gateio
- Market Makers: KaironLabs and CLS
$CGPT Address of the contract in Ethereum:
- 0x25931894a86d47441213199621f1f2994e1c39aa
$CGPT Contract address on Binance Smart Chain:
- 0x9840652DC04fb9db2C43853633f0F62BE6f00f98
CoinMarketCap: https://coinmarketcap.com/currencies/chaingpt/
DexCheck: https://dexcheck.io/app/bsc/chart/0xcfe847aae922cbe3dcbba61dbb1ed97d2124d322
See the DAO proposal for more information on the bridge here.
About ChainGPT
ChainGPT is the leading provider of AI-powered infrastructure for the crypto, blockchain and Web3 industry. From automated smart contract generation and auditing to autonomous community management, advanced Web3 AI chatbot, AI-powered news aggregation and NFT generation, ChainGPT is the most sophisticated end-to-end AI solution on the market.
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