The Chainbase team behind the Hyperdata Network has officially launched its native token C, marking a significant step toward decentralizing access to blockchain data.
Overview of Token C
The launch of Token C includes a comprehensive allocation plan aimed at rewarding contributors, aligning stakeholder interests, and accelerating adoption. Chainbase aims to create a self-sustaining ecosystem where the token is not just a medium of exchange but a core mechanism for value capture and governance.
Token Structure and Distribution
Token C has been designed with ecosystem development at its core. Of the total token supply, 65% is allocated to ecosystem growth and long-term incentives, supporting data providers, validators, developers, and community users. The remaining portion covers team, investor, and strategic allocations, structured to maintain long-term alignment and protocol sustainability.
Utility and Functionality of Token C
Token C serves several key functions critical to the operation of the Hyperdata Network. Participants need C tokens to query, publish, or access data on the network. C holders can vote on protocol upgrades, fee parameters, and ecosystem initiatives. Validators must stake C tokens to secure their position and earn rewards.
Token C is a building block for a decentralized, incentive-aligned data network where usage, governance, and rewards are tightly interconnected. This opens the way for a more mature Web3 ecosystem.
