ChainGPT (CGPT): Advanced AI Model for Blockchain Technology

Blockchain technology has had exciting impacts on business activities, personal transactions and more for the last 15 years. The technology has progressively advanced, bringing about improved functionality and more applications. Now, crypto and blockchain technology is combined with an advanced AI model for next-level use through ChainGPT.

Key Takeaways: 

• ChainGPT is an advanced AI model that focuses on using AI tools to elevate the blockchain industry.
• Users can earn rewards and gain benefits when they stake and farm on ChainGPT.
• Bybit now offers the CGPT/USDT Spot trading pair, and is running two special events in which users can earn from a grand prize pool of 100,000 USDT.

What Is ChainGPT?

This advanced AI model, which runs on the BNB Smart Chain, offers special benefits and features to businesses, individuals and developers. Using AI algorithms to assist with problematic issues in the blockchain and cryptocurrency spaces, ChainGPT delivers the information that users need. 

ChainGPT is designed with an extensive selection of advanced features, such as chart and technical analysis, a smart contract generator, AML tools and a documentation creator. With these and many other advanced features, the use cases for ChainGPT are seemingly unlimited. 

For enhanced usability, ChainGPT has an AI Chatbot that uses natural language processing to support tasks such as market analysis, trading, guidance and more.

History of ChainGPT

ChainGPT was founded by Ilan Rakhmanov at the end of 2022. He quickly brought his idea of integrating AI with blockchain technology to fruition with extensive research and development completed within the first few months. 

Rakhmanov has put together a well-qualified team to assist with the rapid development of ChainGPT, including Ariel Asafov as COO, Dr. Adnan Tariq as Head of AI Development and Mitchell Girao as Chief People Officer. Together, the ChainGPT team focuses on elevating the blockchain industry with a variety of useful AI tools for all blockchain users and developers.

What Does ChainGPT Aim to Achieve?

Artificial intelligence has the capability to simplify processes, provide detailed information and instructions in seconds, and improve business and individual activities in other critical areas. ChainGPT offers an extensive range of tools and products that take full advantage of AI specifically to support the crypto and blockchain industry. By bringing AI to this space, and with a focus on continuing to develop more AI features, ChainGPT aims to improve the experiences of businesses, private users and developers.

How Does ChainGPT Work?

ChainGPT is more than just another blockchain platform. It employs natural language processing and machine learning for continual improvement. Its AI model is designed with advanced functions to support contextual awareness, significance prioritization, precision responses and more. At the same time, ChainGPT has numerous features that expand its functionality and utility.

Staking & Farming

Staking and farming options incentivize users to support the ChainGPT network, and allow CGPT token holders to earn more tokens. By staking, users can earn rewards and gain priority access to ChainGPT’s features and products, while farming enables users to earn rewards in exchange for providing liquidity. Simply deposit a certain amount of CGPT tokens into a liquidity pool on supported exchanges. The amount of rewards you earn depends upon the number of tokens you’ve deposited into the liquidity pool.

Burn Mechanism

Fees charged for the various products and tools offered in ChainGPT are paid in CGPT tokens. While half of the tokens collected support the growth and maintenance of the ChainGPT ecosystem, the other half are burned. This burn mechanism means that the token supply decreases over time, thereby helping to support the value of CGPT.

Utilities and Tools

ChainGPT supports the integration of AI with blockchain and crypto technology through extensive features, including a smart contract generator that requires no code to use, a tool for blockchain analytics, a documentation creator, a code debugger, on-chain live data, a Layer 1 virtual machine, an AI trading bot, and AI-generated NFTs and news. 

In addition, the ChainGPT team continues to innovate new tools and applications for the benefit of its users. Through this ongoing progression, ChainGPT will likely become increasingly relevant and dominant in the AI space.

ChainGPT vs. ChatGPT

Source: ChainGPT

ChatGPT has recently become a hot topic on social media platforms and major media outlets. While ChatGPT and ChainGPT are both AI systems with robust functionality, ChainGPT stands apart in many key areas. For example, more than 1% of ChatGPT is trained on blockchain topics, compared to almost 95% for ChainGPT. In addition, ChatGPT has one model type while ChainGPT has three. 

ChainGPT also has functions that aren’t supported by ChatGPT, such as AML blockchain solutions, live on-chain data, smart contract auditing, blockchain analytics, SDK and API, code debugging and more. ChatGPT and ChainGPT both use AI with natural language processing and machine learning, but ChainGPT is specifically designed to support the blockchain and crypto spaces.

ChainGPT Road Map

In the second half of 2022, ChainGPT made the leap from being a mere idea to becoming a well-researched and developed model. During this time the team raised funds, tested and improved their AI model, created the Chatbot, and published their white paper. 

Numerous additional developments have taken place during Q1 2023, including the release of the Chatbot, staking and farming functions, API and SDK access, a DAO voting system, an AI smart contracts auditor, an Ask Crypto People feature and the CGPT token release.

The ChainGPT team has exciting plans for the remainder of 2023: Improvements to the DAO treasury, an AI NFT generator DApp, a new marketplace, a wallet extension, a wormhole bridge and a decentralized exchange.

CGPT Tokenomics

CGPT is ChainGPT’s native token. As a utility token, it’s required for access to all of ChainGPT’s features, and is essential for DAO governance. The supply of CGPT decreases regularly through a burning mechanism. Specifically, half of all fees collected by this blockchain technology are burned, and the other half support the ecosystem. 

The total supply of CGPT is one billion tokens. 

CGPT Price Prediction

The CGPT token was launched on Apr 10, 2023 at $0.165. It quickly soared to an all-time high of $0.20 before declining to its all-time low of $0.105 the next day. As of Apr 12, 2023, the price of CGPT is $0.1154, with a 24-hour trading volume of over $9 million. 

Several leading sources predict that the price of CGPT will increase in the years to come. For example, PricePrediction projects that the price at the end of 2023 may hit $0.18, adding that the price could double to $0.39 in 2025 and surge to $2.55 in 2030. CoinArbitrageBot is slightly more bearish, with predictions of $0.13 at the close of 2023, $0.52 in 2025 and $0.72 in 2028.

Where to Buy CGPT

Buying CGPT tokens is easy to do through Bybit. This token has recently been listed on Bybit’s Spot trading platform. Simply sign up for a Bybit account, fund it with cryptocurrency and navigate to the CGPT/USDT Spot trading page. 

To recognize this new listing, Bybit is currently offering two special events. 

Event 1: Deposit to Earn from a 50,000 USDT Prize Pool 

From now till Apr 24, 2023, accumulate a deposit volume of 2,500 CGPT in your Bybit account to earn 10 USDT. Please note that rewards will be given out on a first-come, first-served basis. 

Event 2: Buy to Earn from a 50,000 USDT Prize Pool

Earn up to 500 USDT from a 50,000 USDT pool. The amount of the reward that you receive from the prize pool is based on your net buy volume of CGPT on the Bybit Spot trading platform. Simply purchase at least 100 USDT worth of CGPT from now till Apr 24, 2023 to qualify.

Is CGPT a Good Investment?

ChainGPT has already changed the landscape of the blockchain industry as an AI model with extensive applications for developers, businesses and individuals. Despite having just launched its token, some expert sources believe that its price will maintain its upward trajectory for at least the next several years. 

While many ChainGPT features are already online and in use, other features are still being developed. Moreover, ChainGPT will continue to use machine learning to further advance its functionality for users. 

While other blockchain AI projects will no doubt come online in the years ahead, ChainGPT is well-positioned as a leader in this area. With this in mind, investing in CGPT could prove to be lucrative. Of course, it’s still important for you to do your own research before investing.

Closing Thoughts

With its advanced AI model, ChainGPT has dramatically improved the blockchain industry in a short time. The project continues to make developments that will allow its users to reap the benefits of AI technology for NFT generation, smart contract creation, debugging, AI trading and more. With numerous developments planned for the next few months, ChainGPT will continue to lead the way in this important area.

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