What is ChainGPT?

Abstract

The continuous advancement of algorithms and the development of deep learning have led to significant progress in artificial intelligence in pattern recognition, natural language processing, and other areas.

ChainGPT is a leading artificial intelligence infrastructure in the Web3 industry, currently offering a range of AI solutions.

Services provided by ChainGPT mainly include: AI Web3 Chatbot, AI NFT Generator, AI Focused Launchpad, AI Trading Tools, AI Smart-Contract Generator & Auditor, AI-generated news, etc..

CGPT (ChainGPT Token) is the economic token of the ChainGPT ecosystem, currently featuring six major burning mechanisms.

What is ChainGPT?

With the continuous development of the internet, the increasing computational power has made processing complex data and algorithms more feasible; secondly, the production and availability of massive amounts of data have provided more opportunities for training and learning in machine learning; furthermore, the continuous progress of algorithms and the development of deep learning have led to significant advances in artificial intelligence in areas such as pattern recognition and natural language processing. At present, artificial intelligence has become an inevitable trend in today's societal development, especially with the explosive popularity of ChatGPT this year, attracting widespread attention. In the future, the application of artificial intelligence will have profound impacts on society, the economy, and the field of science and technology.

ChainGPT is a leading artificial intelligence infrastructure in the Web3 industry. By providing one-stop AI solutions, it empowers Web3, blockchain, and cryptocurrency sectors, making it easier for users to enter the digital world and enabling Web3 startups to develop technologies more efficiently.

The Technical Principles Behind ChainGPT

ChainGPT is a complex artificial intelligence platform specifically built for Web3, blockchain, and cryptocurrency, with its underlying technology encompassing the following aspects:

Natural Language Processing (NLP): ChainGPT is designed to understand and process any input and generate relevant answers using NLP algorithms.

Machine Learning: ChainGPT is built upon open-source machine learning models that have undergone significant improvements and training, becoming some of today's advanced AI model ChainGPT.

Transformer Architecture: ChainGPT utilizes the Transformer architecture, a deep learning model designed specifically for processing sequential data such as text.

Pretrained Language Model: ChainGPT has been trained on datasets created by ChainGPT's machine learning engineers and the model has been trained on a vast database of information regarding blockchain technology, cryptography, technical analysis, security audits, and many other categories within the field. This enables ChainGPT to provide a wide range of functionalities.

Generative Model: As a generative AI model, ChainGPT can continuously generate information based on the input (“prompts”) it receives, allowing it to answer any user questions about blockchain or cryptocurrencies.

Fine-Tuning: To further improve ChainGPT, fine-tuning is a critical stage to remove inaccurate data and enhance artificial intelligence with more information and guidance.

Tokenization: Tokenization breaks down the text into smaller units that the model can process, such as words or subwords.

Contextual Awareness: ChainGPT is equipped with contextual awareness, enabling it to understand the context of a conversation and generate relevant responses.

Specific Applications of ChainGPT

In response to the rapidly changing digital age, ChainGPT provides a comprehensive suite of artificial intelligence solutions for the Web3 world. Currently, services offered by ChainGPT mainly include: AI Web3 Chatbot, AI NFT Generator, AI Focused Launchpad, AI Trading Tools, AI Smart-Contract Generator & Auditor, AI-generated news, etc.. Users can choose the appropriate tool based on their needs, such as Free, PPP (Pay-Per-Prompt), or Freemium (free value-added) plans, among others.

AI Web3 Chatbot: ChainGPT has developed a dynamic database for a specific domain, extracting data and information related to blockchain, Web3, and digital currency from various dimensions such as market data, technology, architecture, and regulation, and continuously evolves and updates. It can simulate human conversation through an intuitive human-machine interface, making it a true application of artificial intelligence.

AI NFT generator: ChainGPT has developed a generative artificial intelligence model that extends beyond the realms of cryptocurrency, blockchain, and Web3. This model is cleverly embedded in an intuitive user interface, maximizing its creativity and flexibility. It only takes 30-60 seconds to generate original and high-quality NFT with ChainGPT.

AI-generated news: The AI-generated news feature of ChainGPT can comprehensively search breaking news from trusted Crypto/Web3 media outlets such as Decrypt, CoinDesk, and CoinTelegraph. It not only focuses on headline news but also cross-verifies them with social media account information. Once the most critical information is aggregated, the artificial intelligence program quickly, accurately, and objectively forms article summaries.

AI Smart-contract generator: Smart contracts are fundamental modules of decentralized applications. ChainGPT's AI model has been fed with all the foundational smart contract code information, which can assist developers in quickly generating smart contracts. To accelerate innovation and significantly enhance code originality, ChainGPT has adjusted the capabilities of its AI model to create smart contracts on demand.

Smart-contract auditor: ChainGPT has developed a smart contract auditor that takes code as input and evaluates it based on a rich historical dataset of cryptocurrency/blockchain/Web3 industry information, detecting potential dangers or anomalies.

Note: Free Plan: Provides limited access to specific artificial intelligence tools and solutions for free. These include: General AI model, AI news model, Ask Crypto People, AI NFT generator (Single-NFT). Pay-Per-Prompt (PPP) Plan charges for artificial intelligence tools based on users' usage. Freemium Plan is specifically for diamond-level members who have staked CGPT tokens and earned over 200,000 CGPTsp.

Project token economic model

CGPT (ChainGPT Token), which was officially launched on April 10, 2023, is the economic token of the ChainGPT ecosystem, serving as a store of value, medium of exchange, and for governance purposes, facilitating all on-chain interactions between individuals, enterprises, and ChainGPT AI models. Through ingenious design, ChainGPT has integrated CGPT tokens into its business architecture, making them pervade the entire ecosystem and becoming the carriers of value for the ChainGPT ecosystem. The total supply of CGPT is 1 billion. There are currently as many as 17,000 decentralized wallets holding CGPT tokens, and more than 7 million NFTs have been minted using ChainGPT’s AI NFT. Through a burning mechanism, CGPT will ultimately move towards deflation. Currently, CGPT's burning mechanism is primarily supported by six scenarios:

Prompt Marketplace (100% burn): All fees paid within the prompt marketplace are removed from the circulating supply.

Chatbot and Tools (50% burn): Half of all fees generated by the chatbot and any connected artificial intelligence tools are removed from the circulating supply. The remaining half accrues to the ChainGPT Foundation and DAO Treasury.

NFT Gen (50% burn): Half of all fees generated by the AI NFT generator are removed from the circulating supply. The remaining half accrues to the ChainGPT Foundation and DAO Treasury.

Pad (1% burn): Whenever a project hosts its IDO on ChainGPT Pad, 1% of the funds raised will be used to buy back $CGPT tokens from the open market and burn them.

White-label Solutions (10% buyback and burn): Each time a B2B transaction occurs where another project or company decides to purchase any white-label solutions/software/software licenses from ChainGPT, 10% of the total transaction cost will be used to buy back CGPT tokens from the open market and burn them.

ChainGPT NFT Collection Sales (20% buyback and burn): Each time ChainGPT sells its own NFTs, 20% of the proceeds will be used to buy back CGPT tokens from the open market and burn them.

Summary

This year has witnessed a rapid development in the field of artificial intelligence, with ChainGPT, a foundational infrastructure of the Web3 industry, actively participating and poised to profoundly transform the industry's developmental mode. Unlike many projects still confined to conceptual stages, ChainGPT has already launched a comprehensive suite of application services. Furthermore, its token mechanism is ingeniously designed, seamlessly integrating its token CGPT into the ecosystem's application scenarios, thereby creating a virtuous cycle.