ChainGPT Bridges $CGPT Token to Ethereum Network, Enabling Interchain Movement

ChainGPT Bridges $CGPT Token to Ethereum Network, Enabling Interchain Movement

ChainGPT is expanding its on-chain presence and increasing its interchain capabilities by bridging its $CGPT token to the Ethereum Network. The bi-directional bridge was developed through a partnership with ChainPort, KuCoin, BitGet, and other top-tier Web3 partners, enabling users to transfer their $CGPT seamlessly between the ETH and BNB/BSC networks.

The implementation of the bridge opens up a world of possibilities for the $CGPT token, expanding its access to the robust and vibrant ecology of the Ethereum network. With integrations into many of the world’s leading DEFI protocols, the opening of token pools on DEXs, and the provision of added trading pairs against a broader segment of popular tokens, $CGPT is set to become a major player in the world of cryptocurrency.

At its core, $CGPT is enabling a decentralized economy for AI services. As the native token of the ChainGPT ecosystem, $CGPT serves the dual functions of a utility and governance tool. Its utility purpose is to provide access to a full suite of AI-powered Web3 tooling, from NFT minting and community management to smart contract auditing and creation, launchpad tiering, and beyond. Its governance function relates to the role of $CGPT in distributing ownership rights over the platform throughout its community members, giving them the opportunity to help steer the direction of the project’s development.

ChainGPT has been in communication with a multitude of exchanges that would be able to provide support immediately after instantiation. At this time, Kucoin, BitGet, and ByBit have confirmed support, with a few select other major exchanges signaling their willingness.

On the front of decentralized venues for support, the most popular DEX in the world, UniSwap, will have a $CGPT token pool opened to provide instant listing and liquidity on Ethereum.

With the help of ChainPort, $CGPT’s presence on major crypto directories and analytics portals including CoinGecko and Etherscan has been expedited.

The launch date for the bridge is June 19th, 2023, with a launch time of 10AM EST / 2PM UTC. Market makers KaironLabs and CLS will provide support, and the $CGPT contract address on Ethereum is 0x25931894a86d47441213199621f1f2994e1c39aa, while on Binance Smart Chain it is 0x9840652DC04fb9db2C43853633f0F62BE6f00f98.

ChainGPT is the leading provider of AI-powered infrastructure for the crypto, blockchain, and Web3 industry. From automated smart contract generation and auditing to autonomous community management, advanced Web3 AI chatbot, AI-powered news aggregation, and NFT generation, ChainGPT is the most sophisticated, end-to-end AI solution on the market. View the DAO proposal for more information about the bridging here.


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