Introduction

Blockchain technology constantly makes significant waves, revolutionizing business activities, data management, personal transactions, and other domains. Its decentralized and transparent nature has improved efficiency and opened up countless use cases. However, the current boom in AI, led by giants like OpenAI, Microsoft, IBM, and Google, is based on centralization—a dilemma for the blockchain community.

The need for blockchain-compliant AI models has necessitated the improvement of the core technology and other supporting features. To achieve this improved functionality and the needed scalability, several innovative protocols have emerged. One such is ChainGPT, an advanced artificial intelligence (AI) model designed explicitly for blockchain and crypto-related use cases.

What is ChainGPT?

Source: ChainGPT

ChainGPT is an advanced AI model that uses superior algorithms and computational capabilities to improve the web3 space for retail users and businesses. It supersedes the AI models in the traditional web by offering quick, accurate, and up-to-date answers to queries about the blockchain industry.

ChainGPT was designed to provide solutions and use cases in areas such as blockchain analytics, AI trading, smart contract development and auditing, NFA creation, AI auditing, risk management, etc. To integrate the tech into more products and ecosystems, they offer SDKs and APIs that allow developers to create entirely new solutions or integrate into existing apps.

This trailblazing AI model, which runs on the BNB Smart Chain, is equipped with an array of advanced features chart and technical analysis, a smart contract generator, AML tools, and a documentation generator. For enhanced usability, ChainGPT has an AI Chatbot that uses natural language processing to execute tasks.

History

Founded at the end of 2022 by Ilan Rakhmonov, a distinguished expert in advanced technology and blockchain, ChainGPT aims to become an AI model that can integrate seamlessly with web3. Rakhmonov quickly brought this idea to fruition through extensive research and development completed within the first few months.

In October 2023, ChainGPT’s promising utility was recognized by the BNB Chain Gas Grant Program and several reputable entities like Google, NVIDIA, and ProductHunt, giving grants and awards to the project.

Team

Source: ChainGPT

One of the remarkable attributes of ChainGPT is its development team. Rakhmonov put together a well-qualified team to assist with the rapid development of the advanced AI model. They include Dr. Adnan Tariq as Head of AI Development, Ariel Asafov as COO, Gintare Kairyte as Launchpad Manager, Mitchell Girao as Chief People Officer, and Federico Walter as Project Manager.

The ChainGPT team focuses on advancing the blockchain industry by rolling out superior AI tools useful for all web3 users and developers, thus making the decentralized space more efficient and accessible.

Use Cases

ChainGPT has several utilities for crypto enthusiasts and developers. They include a range of distinctive product offerings tailored to specific needs within the crypto space and are discussed below:

ChainGPT Chatbot

ChainGPT features a chatbot that provides a reliable and fast source of information for users. It is the ultimate digital companion for any information related to blockchain and cryptocurrency. The free AI tool, also available as a Telegram bot, can answer generic and technical questions and generate human-like responses for seamless usability.

Source: ChainGPT

Real-Time Newsfeed

This advanced AI model delivers timely and comprehensive news by scanning the web for trending topics and the latest happenings in web3. It summarizes key news, removes redundant information, enables users to learn about real-time events, and mitigates human bias.

Source: ChainGPT

Smart Contracts Creator and Auditor

ChainGPT also features a tool that helps developers and founders generate or audit Solidity smart contracts. The smart contract feature harnesses an algorithm empowered with comprehensive knowledge about smart contract code, security measures, and libraries. Using a text-based prompt, users can specify their smart contract needs, and the AI will handle the rest.

Source: ChainGPT

In addition to the smart contract creator, ChainGPT has a powerful auditor that scans smart contract codes to detect potential threats. This tool effectively saves time and capital usually required to run audits.

Source: ChainGPT

AI NFT Generator

This feature, intended for NFT enthusiasts and digital art collectors, interprets abstract imaginations and concepts through prompts, employing AI algorithms to create art that aligns precisely with the desired results. Within 30 to 60 seconds, anyone can deploy their NFTs on the blockchain using this tool.

Source: ChainGPT

Market and Technical Analysis

Another ChainGPT’s impressive use case is an AI-powered trading assistant capable of analyzing market data automatically and suggesting trading decisions. To build maximum profit with minimal risks, this tool is empowered with powerful functionalities like technical, price, and sentimental analysis.

Source: ChainGPT

SDKs and API Access

ChainGPT’s versatility extends to its support for the creation of new applications or integration into existing apps through Software Development Kits (SDKs) and Application Programming Interfaces (APIs). Developers and businesses can integrate ChainGPT AI via its API & SDK access, saving time, money, and resources required to train an advanced model like ChainGPT from scratch.

Source: ChainGPT

CryptoGuard

This powerful feature is an AI-powered security extension that elevates web3 security with collaborative anti-fraud, phishing site blockers, and real-time scans for smart contracts. Using this tool, users can stay protected and easily transact on the blockchain.

Source: ChainGPT

Prompt Market

This feature allows users to instruct the AI model to perform various tasks, such as scripts for AI trading bots, solidity contract development, chart analysis, image creation, candlestick pattern recognition, etc.

Source: ChainGPT

How Does ChainGPT Work?

ChainGPT is an advanced AI platform that leverages the latest algorithms and high-speed computing capabilities to address blockchain and crypto-related issues. Using state-of-the-art AI techniques, ChainGPT offers tools, features, and applications tailored to web3.

Further, the platform offers services in diverse areas, such as a no-code smart contract generator, smart contract auditor, code debugger, prompt executor, security tool, chart and technical analysis, advanced machine learning features, blockchain analytics, on-chain live data, news source, etc.

Depending on their needs, users can opt for the Free, PPP (Pay-Per-Prompt), or Premium plans to enjoy ChainGPT solutions. These plan options allow users to choose whether to use the free tools, pay as they use, or the monthly premium features. Using the ChainGPT’s token system, users can pay for services within the ChainGPT ecosystem, democratizing AI-enhanced tools for individuals and businesses.

Advantages of ChainGPT

ChainGPT offers several benefits discussed below:

1) Diverse product offerings: ChainGPT has various products such as an AI trading bot, AI chatbot, NFT generator, and many more.

2) Superiority to other AI models: ChainGPT sets itself apart from other AI projects through its laser focus on the Web3, Blockchain, and Crypto spaces. This positioning enables the project to cater to specific needs while empowering users to unlock new realms of innovation.

3) High scalability: The ChainGPT ecosystem is built on BSC (BNB Smart Chain) and plans to expand to other chains like Avalanche and Ethereum in Polygon.

4) Governance and participation: ChainGPT also encourages the active involvement of community members and CGPT holders in key decisions that can shape the project’s future.

5) Holders’ incentives: Through staking, farming, and participation in liquidity pools, CGPT holders can earn additional income, incentivizing their investment in the project.

Disadvantages of ChainGPT

Despite the numerous benefits of using ChainGPT, there are a few challenges with using the platform.

1) Reliance on third-party data sources: Some services offered by ChainGPT rely on third-party data sources, introducing potential risks.

2) Regulatory and legal challenges: Since it is an AI model, ChainGPT may face regulatory and legal challenges when used in some locations by certain individuals.

Launchpad: ChainGPT Pad

Source: ChainGPT Pad

The ChainGPT Pad is one of the most sought-after features of ChainGPT. It is a launchpad that offers CGPT token holders the exclusive opportunity to invest in vetted AI projects in their early stages. Being an initial DEX offering (IDO) platform and startup incubator, projects looking to implement their ideas and bootstrap their token ecosystems come to ChainGPT Pad to get listed.

Projects apply on ChainGPT and go through rigorous vetting processes conducted by the ChainGPT team. The accepted projects then undergo the incubation/acceleration phase, where the ChainGPT Mentorship Group trains them to become IDO and market-ready. To date, ChainGPT has listed the IDOs of many promising projects, such as Nuklai, Gaimin, Octavia, and GT-Protocol.

How Does ChainGPT Work?

After vetting, the next step is to list the successful projects on ChainGPT Pad and launch their IDO. ChainGPT provides a platform where they can run their campaign and get exposure to the vibrant CGPT community. Every IDO listing consists of three rounds to incentivize CGPT stakers and community members: Round 1, Round 2, and Round 3.

Round 1 is exclusively open to top-tier groups consisting of silver, gold, and diamond tiers. Round 2 is open to all tiers, including the entry-level bronze tier. All members of the ChainGPT community, including the tiers, KOLs, and KYC-verified members, are open to investing in Round 3.

Staking System

Source: ChainGPT Staking Pools

The staking system allows ChainGPT community members exclusive access to the platform’s services while earning passive income. Staking on ChainGPT follows a straightforward point system and is the prerequisite for entering the tiering system.

There are four staking pools on ChainGPT, each with a unique point multiplier. These include the 45 days staking pool with a 1x multiplier and 1% APY; 90 days staking pool with a 1.3x multiplier and 3% APY; 180 days staking pool with a 1.5x multiplier and 5% APY; and 360 days staking pool with 2x multiplier and 8% APY.

Tier System

Depending on the amount of CGPT staked, users can occupy any of the four tier levels. Each tier has its exclusive benefit, and all levels have 100% refund eligibility:

• Bronze tier: This entry-level tier is helpful to members with capital limitations. Over 2,000 points are required for entry into this tier. They can participate in Rounds 2 and 3 IDO with a 1x allocation multiplier.
• Silver tier: This is the second level and comes with improved benefits. Over 20,000 points are needed for this tier. It has a 4x allocation multiplier, and members can participate in Rounds 1, 2, and 3.
• Gold tier: Users need over 50,000 points to be in the gold tier. It has a 10x allocation multiplier, and members can participate in Rounds 1, 2, and 3.
• Diamond tier: This is the most desirable tier for launchpad participants because of its superior benefits. Over 200,000 points are required for eligibility, it has a 40x allocation multiplier, and members can participate in all IDO rounds.

What is CGPT?

CGPT token plays a key role in the ChainGPT ecosystem. It powers the infrastructural backbone of the platform, provides utility, and rewards participants. Also, users use the tokens to unlock access to the platform’s services and other benefits.

Tokenomics

CGPT is a BEP-20 token that follows a deflationary model where supply decreases progressively through a burning mechanism. It has a total supply of one billion CGPT tokens, distributed in the following order:

Source: ChainGPT

Token Distribution

20% are earmarked for the ChainGPT liquidity pool. 12% to the development team, and 11.5% is held in the project’s reserve. Additionally, 10% of the tokens are allocated to the DAO, 9% to marketing, 3% to advisors and strategic partners, and 4% to ecosystem development. KOLs would receive 4.5% of the token supply, while 5% goes to farming, and Private A and Private B get 6%, respectively.

Key Features

The utility of CGPT is continuously expanding and includes the following:

1) Product Offerings: One of the main purposes of CGPT is to provide access to ChainGPT’s product offerings. This is because this model powers some utilities and tools. Holders of CGPT have access to cutting-edge solutions, including AI trading, smart contract auditing, and NFT creation.

2) DAO Access and Voting: CGPT holders can also participate in the ChainGPT DAO system. This enables holders to participate in the platform’s governance and take part in key decisions. Additionally, the DAO access enables holders to create proposals to influence and shape the future of ChainGPT.

Source: ChainGPT

3) Staking and Farming Opportunities: The ChainGPT ecosystem also offers staking and farming opportunities to CGPT holders. By staking, holders lock up their tokens in exchange for access to ecosystem products, while farmers earn rewards by contributing to liquidity pools.

4) Burn Mechanism: It is noteworthy that half of all the fees and profits generated on the ChainGPT platform are burnt, contributing to the project’s sustainability and increasing the value of $CGPT tokens. This incentivizes $CGPT holders and potentially increases the return on their investments.

5) Liquidity Provision: CGPT holders can also earn commissions when they contribute to the liquidity pool on decentralized exchanges, and swap fees are accrued.

Is ChainGPT (CGPT) a Good Investment?

ChainGPT is poised to revolutionize the blockchain industry as an AI model with extensive applications for individuals, developers, and businesses. While many ChainGPT products are already online and active, other features are still being developed. Additionally, ChainGPT is run by a very experienced team forming strategic partnerships that can position the project as a leader in the Web3-AI space.

Thus, the future looks promising, with enormous prospects for good ROI, particularly during the bull market as adoption grows. However, it is pertinent to understand that cryptocurrencies are incredibly volatile, unregulated, and highly speculative, with no consumer protection. Customers are at significant risk of losing capital. Hence, it’s advisable to seek financial advice, effectively manage risks, and only invest what you can afford to lose.

How to Own CGPT?

To own CGPT, you can use the services of a centralized crypto exchange. Start by creating a Gate.io account and get it verified and funded. Then, you are ready to go through the steps to buy CGPT.

Highlights

There have been many breathtaking developments from ChainGPT recently, with its announcement of a $1 million Web3-AI grant program leading the spotlights. Here are some of the recent highlights:

ChainGPT Launches $1 Million Grant for Web3-AI Start-ups

ChainGPT has announced a $1 million grant program for AI and blockchain start-ups. This grant, which aims to supercharge Web3 and AI innovation, will address the challenges of integrating AI’s centralized nature with the decentralized characteristics of Web3. The initiative will also provide successful startups access to ChainGPT’s cutting-edge tools, like its APIs and SDKs.

ChainGPT Partners Polygon Labs

Polygon Labs, a leading Ethereum-based blockchain scaling solution, has partnered with ChainGPT to unlock new possibilities in AI-powered NFT development. To facilitate seamless AI-powered NFT generation and on-chain minting, ChainGPT integrated its NFT generator tool with the Polygon blockchain. This integration will scale NFT creation on ChainGPT and effectively streamline the entire process from start to finish.

Take Action on CGPT

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