• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Chirp Releases $CHIRP Token: A New Era for DePIN on Sui Blockchain

user avatar

by Giorgi Kostiuk

a year ago

Chirp network has launched its token on several leading crypto exchanges, strengthening its position in the Sui ecosystem.

Launch of the $CHIRP Token

Today, January 20, Chirp launched its $CHIRP token on exchanges KuCoin, Gate.io, and MEXC. The decision followed a successful IDO for the Sui DePIN, supporting the operation and creation of decentralized physical infrastructure networks on the Sui blockchain.

After over two years of building, I’m incredibly proud to finally launch Chirp on Sui mainnet. We chose Sui as the home for our DePIN even before it went live on testnet, and now this ecosystem has grown into one of the most promising Layer 1 blockchains in the entire crypto space.Tim Kravchunovsky, CEO and founder of Chirp

Token's Role in the Ecosystem

$CHIRP token plays a key role in the Chirp ecosystem. It incentivizes the operators of ‘Blackbird’ antennas to maintain their devices and network. $CHIRP is also used as a payment for network usage and acts as a governance token within Chirp.

Innovative Projects and Achievements

$CHIRP tokens are also distributed as rewards in the Kage game, the first-ever DePIN P2E game with real-world utility. Players scan wireless networks, collecting data to build a global geolocation database.

The launch of the $CHIRP token strengthens Chirp's position on the Sui blockchain and aids in solving global connectivity issues, supporting a community-driven ecosystem.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Altcoins Experience Significant Selling Pressure

chest

Altcoins are experiencing significant selling pressure, with a cumulative buy-sell volume difference of approximately 209 billion, indicating weak market conditions.

user avatarAisha Farooq

Canary Capitals Launches Litecoin ETF Amid Slow Demand

chest

Canary Capitals has launched its Litecoin ETF, LTCC, but initial demand is limited compared to Bitcoin and Ethereum ETFs, with only $93 million in inflows.

user avatarTenzin Dorje

Zai Unveils GLM52, Setting New Standards in AI Performance

chest

Zai has launched its new AI model GLM52, outperforming its predecessor GLM51 and competing closely with other leading models, achieving high scores on various benchmarks.

user avatarBayarjavkhlan Ganbaatar

HsiaoWei Wang Announces Departure from Ethereum Foundation

chest

HsiaoWei Wang, co-director at the Ethereum Foundation, has announced her immediate departure from the organization.

user avatarMohamed Farouk

Moody's Expands Credit Ratings to Solana Blockchain

chest

Moody's Ratings has launched its Token Integration Engine on the Solana blockchain in partnership with Alphaledger, allowing issuers to embed credit ratings into tokenized fixed-income assets.

user avatarElias Mukuru

BlackRock Expands Bitcoin Offerings with New Income ETF Filing

chest

BlackRock has filed for the iShares Bitcoin Premium Income ETF, targeting investors seeking Bitcoin-linked exposure with an income component.

user avatarDiego Alvarez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.