What is Chainbing (CBG)?
CBG is the native token of Chainbing. The latter is a Blockchain Information Aggregation Engine (BIAE) that stores, indexes, interpret, and disseminates data on the blockchain. The platform uses data witnessing systems to guarantee the trustworthiness of data and provides rewards to those who do the validation of data. Chainbing mainly focuses on five primary areas in order to maximize its potential:
- Data collection and storage. It involves hardware nodes that are responsible for storing information within the network
- Data intelligence analysis. It consists of AI-based big data analysis tools provided by Chainbing.
- Content provision and access. It entails offering valuable information while allowing users to pay with tokens to gain access to premium content.
- Consensus mechanism and witnessing. It allows token holders to verify the accuracy of data through their participation in the system.
- Community governance. It enables token holders to have a say in how Chainbing is developed moving forward.
If you're interested in seeing the current CBG price, check out the live Chainbing price chart above.
Use Cases of CBG Tokens
CBG token is the driving force of the Chainbing network. One of the main use cases of Chainbing tokens is rewarding users for providing valuable information to the platform.
Also, CBG coins are used to get access to the content present on the network.
Moreover, holders of tokens can take part in the verification of data and content to guarantee data accuracy.
Lastly, CBG tokens also act as governance tokens. This means that CBG holders have the right to decide on the future of the Chainbing crypto project.
If you're interested in buying Chainbing crypto assets, make sure to analyze the main CBG price movements. Knowing the current and the previous Chainbing price will help you to make better purchasing decisions.
Who Founded Chainbing?
There is little to no information about the team behind this project. The team has decided to remain anonymous to keep the project truly decentralized and maintain community control over the growth and progress of the platform.
CBG Tokenomics
CBG has a maximum supply of 10 billion CBG tokens. 30% of the supply went to the Foundation, while 15% went to the team, advisors, and contractors. Furthermore, 15% was used in private sales, 30% was set aside for ecosystem incentives, and the remaining 10% for marketing and operations.
