Over the past decade, blockchain technology has revolutionized the entire technological space. Whether in the business sector, health sector, entertainment, or any other field, blockchain is establishing its presence everywhere. Similarly, artificial intelligence is also making significant waves and expanding its influence across all sectors. Now, these next-generation technologies have merged to become ChainGPT, which leverages the strengths of both blockchain and AI.
ChainGPT is an innovative platform that blends the capabilities of artificial intelligence with blockchain technology. The platform offers various services for the blockchain and Web3 space, including smart contract creation, AI-driven NFT generation, and market analysis.
Experts consider this platform to be the next big thing in the technology realm due to its unique features, the combined power of AI and blockchain, and its ongoing developments. If you are excited to learn about ChainGPT, then stay tuned. In this article, we will explore ChainGPT, how it works, the AIVM Platform, and more. Without wasting any more time, let’s get started.
What is ChainGPT?
ChainGPT is an advanced AI model that provides services such as smart contract development, market analysis, NFT creation, and more. It is the pioneering platform that combines the power of AI and blockchain technology, featuring various attractive capabilities that empower users to accomplish their tasks with ease.
The platform has a diverse range of offerings such as AI-powered smart contract generators, auditors, market analysis tools, AI NFT Generator, AI auditing, risk management, AI trading tools, and more. It caters to a wider user base including developers, tech enthusiasts, analysts, and more. ChainGPT has its native token CGPT, which gives power to its ecosystem and helps the network with the transaction process.
Additionally, the token is also used for staking, participating in decentralized governance through the DAO, and more. The platform was officially launched in June 2023 by Ilan Rakhmanove, a renowned figure in the AI and blockchain space.
Key Partnerships
Since its launch, ChainGPT has collaborated with several Web3 and crypto companies, including Chainlink, TronDAO, BNB Chain, and more. These partnerships aim to advance its technological capabilities and broaden its ecosystem. The objectives of this collaboration are as follows:
- Chainlink: Chainlink acts as a bridge to ChainGPT, which allows it to gather information from different blockchains, improving its cross-chain capabilities.
- BNB Chain: It helps ChainGPT to enhance its performance and make it cost-effective.
- Tron: TronDAO made it easier for ChainGPT to operate with the Tron network. This means ChainGPT can provide better services to its users compatible with TRC standards.
What is ChainGPT Token?
CGPT is the native token of the ChainGPT ecosystem, which strengthens the platform’s operations and focuses on key sectors like Web3, blockchain, and the cryptocurrency space. It is designed to enhance the Web3 experience for both retail users and startup companies.
The token operates on both the Ethereum and Binance Smart Chain networks, adhering to the BEP-20 and ERC-20 standards. Additionally, CGPT follows a deflationary economic model, which means its overall supply will gradually decrease through a burning mechanism.
ChainGPT (CGPT) Tokenomics
The total supply of the CGPT tokens is 1 billion. However, it is distributed in different phases and segments. The phases include private and public sale rounds, and allocations for liquidity, team, development, DAO governance, reserves, and advisory.
Moreover, the token runs on a deflationary model, where a burn mechanism is executed to maintain the excessive supply. This mechanism helps the token to increase in value and decrease its circulation supply.
Understanding ChainGPT Working Process
ChainGPT works on an advanced AI model developed to manage various blockchain operations. The ChainGPT token, CGPT, is crucial to assess the platform services. The token integrates AI technology in multiple facets of the crypto and blockchain sectors. Let’s discuss some key use cases of CGPT.
- Access to Platform Services: CGPT allows users to utilize a diverse range of AI tools such as AI-powered smart contract generators, AI auditors, market analysis tools, AI NFT generators, and more. Users can select their desired plan to access these tools. The plans include Free, Freemium, or PPP (Pay-Per-Prompt).
- Staking, Farming, and DAO: Users who own CGPT tokens can participate in farming and staking. This provides users an opportunity to earn lucrative rewards and also enhances network security. Moreover, by staking the token, users can take part in the ChainGPT DAO system and contribute to network growth through the voting process.
- Services and Utility Tools: Users can access various premium features like AI-based smart contract auditors, AI-driven NFT generators, analytics tools, and other services of the platform by holding a CGPT token.
- API Compatibility: Businesses and developers can incorporate ChainGPT through its API access. This will enhance their services and reduce costs in analytics and training programs.
- Enhance Security: The platform provides CryptoGuard security extension which provide protection from phishing attacks and any other scam.
How ChainGPT AIVM Platform Work?
ChainGPT’s AIVM (AI Virtual Machine) is a decentralized AI blockchain platform that utilizes the capabilities of artificial intelligence and Web3 technology. This platform allows users to engage with smart contracts, create and manage NFTs, and analyze the on-chain data with the help of AI capabilities. Initially, the platform was used as a chatbot with features such as on-chain autonomy, zero-knowledge processing, and decentralized updates.
With the outstanding feature and collective power of AI and blockchain, ChainGPT’s AIVM aims to foster the crypto and Web3 space. The platform also ensures scalability and security measures so that users can use the platform with ease.
The AIVM allows the AI chatbot to engage with smart contracts without any intermediary. Moreover, it also helps in executing trades and managing NFTs, enhancing the chain integration. The user’s personal data is secured and tackled by utilizing zero-knowledge protocols.
How AIVM Works in the Practical World?
ChainGPT AIVM Platform has some significant uses such as interaction with the users, AI processing, and on-chain execution.
- Interaction with users: Users can directly chat with the ChainGPT bot and ask whatever query they have and also can give commands to facilitate a blockchain activity.
- AI Evaluation: When a user chats with the chatbot, the platform utilizes AIVM to interpret the user’s request, analyze the blockchain data, and create a response.
- On-Chain Processing: All the user requests require a blockchain action. The AIVM utilizes smart contracts integration to execute a desired task directly through the network.
Future Prospects of the ChainGPT Platform
ChainGPT is not just an ordinary AI platform; it is a whole ecosystem consisting of several lucrative services and features. It consists of a top crypto launchpad to launch new blockchain products, a powerful AI chatbot, attractive AI tools, smart contracts and NFT generators, and much more.
All this offering builds a strong foundation and bright future for the ChainGPT platform. The platform is planning for various exciting developments such as the introduction of CryptoGuard, a mobile application, and more. With its upcoming developments, ChainGPT could establish itself as a leader in the AI and blockchain sector.
Final Thoughts
AI is already a revolutionary technology, but ChainGPT takes it to the next level by blending artificial intelligence with blockchain technology. It is a platform that elevates Web3 innovation with the help of artificial intelligence. Not only this, the platform also focuses on the user’s security by the introduction of CryptoGuard, a security extension.
There are many future ambitions of the ChainGPT platform, where it has to release a mobile app compatible with iOS and Android platforms. This move will make ChainGPT more accessible and easy to use. With all the current developments and future plans, the platform is aiming to transform the AI and blockchain industry in a new way. All these positions ChainGPT as a revolutionary platform in the technology arena.
