ChainGPT is a utility token that is designed to be used within the ChainGPT ecosystem. It is the fuel that powers all the AI tools and products provided by ChainGPT. The token is an ERC-20 token, meaning it is built on top of the Ethereum blockchain, which ensures its security and decentralization.
The primary use case of the ChainGPT token is to access various AI tools and products within the ChainGPT ecosystem, such as the AI Chatbot, Dev Assist, AI-Generated News, AI-Generated NFTs, AI Trading Bot, and ChainGPT Virtual Machine. These tools provide users with a wide range of features and functionalities that are designed to help them navigate the Blockchain and Crypto space more effectively.
In addition to accessing the AI tools and products, the ChainGPT token is also used as a means of payment within the ecosystem. For example, users can pay for services like auditing smart contracts, generating documentation, or performing technical analysis using the token.
The ChainGPT token has a total supply of 1 billion tokens, with 50% of the supply reserved for public sale and distribution. The remaining 50% of the supply is divided between the ChainGPT team, the reserve fund, and advisors.
One unique feature of the ChainGPT token is that 50% of the fees and profits collected by the ChainGPT tools and utilities within the ecosystem are burned, which reduces the overall supply of the token. The other 50% is used for the growth and sustainability of the ChainGPT ecosystem.
Overall, the ChainGPT token serves as the backbone of the ChainGPT ecosystem, providing users with access to a wide range of AI tools and products designed to help them navigate the Blockchain and Crypto space more effectively.