KuCoin AMA With ChainGPT (CGPT) — Unleashing the Power of the AI Blockchain

Dear KuCoin Users,

Time: March 14, 2024, 12:00 PM - 1:43 PM (UTC)

KuCoin hosted an AMA (Ask-Me-Anything) session in the KuCoin Exchange Group, featuring the CMO of ChainGPT, Sharon Sciammas and Marketing Manager, Chris Duggan.

Official Website: https://www.chaingpt.org/

Whitepaper: https://docs.chaingpt.org/overview/introduction

Follow ChainGPT on Twitter, Discord, and Telegram

Q: What key problems within the blockchain and Web3 space inspired the creation of ChainGPT?

Chris: Great question! ChainGPT was created to address the complexity and security risks often found in blockchain and Web3. We wanted to make this space more accessible by developing user-friendly tools and prioritizing safety and innovation.

Q: What achievements is ChainGPT most proud of, and what exciting projects are currently underway?

Sharon: We’re super proud of making AI and blockchain tools accessible to everyone.

We've launched amazing AI Tools, like our AI NFT Generator and AI-Chatbot, partnered with industry leaders like Chainlink and TronDAO, and earned major grants from Google, Nvidia, and BNB Chain.

We're also excited about our million-dollar grant program for Web3 and AI projects and the upcoming launch of CryptoGuard, our game-changing security tool.

Q: Can you share more about the vision behind the $1 million grant program and how it aligns with ChainGPT's mission to promote AI and blockchain integration?

Chris: Our recently launched $1 million Grant Program aims to make it easier to build innovative Web3 projects using AI. We believe AI has huge potential in this space, and this program gives developers the funding, tools, and support to bring their ideas to life.

If you have a great AI-powered Web3 project, we want to help you make it succeed! You may apply here.

Q: Can you discuss how CryptoGuard's integration of AI algorithms and collaboration with top security providers boosts its ability to protect against the cyber threats?

Sharon: CryptoGuard, our new product, uses advanced AI algorithms to detect and stop threats like phishing and malware in real-time.

We expanded its reach and protective capabilities by partnering with top security providers.

This collaboration makes CryptoGuard one of the most powerful tools for keeping Web3 users (and their assets) safe.

By the way - it’s going to be FREE for all user, and it will be released by March 31, 2024. Stay tuned!

Q: What are ChainGPTPad's plans for future projects, and how does it intend to continue its track record of nurturing startups?

Sharon: ChainGPT Pad is the decentralized fundraising platform.

We’re planning to continue nurturing successful startups by being highly selective and providing strong support throughout the project's growth - focus on quality, innovation, and long-term potential.

Our past successes, which all recently reached new ATHs, like DexCheck, Solidus AI Tech, and GT Protocol, show that our approach works.

Our main goal is to keep utilizing our achievements and partnerships to support more top-quality projects, reinforcing our position as a leader in the industry. Learn more here.

Q: Is ChainGPT's token, $CGPT, a deflationary token? If yes, what are your burning mechanisms?

Chris: Yes! $CGPT is deflationary, employing various mechanisms to shrink its supply and boost its value.

This includes using 100% of Prompt Marketplace fees, 50% of AI tool and AI-NFT Generator proceeds, 1% of ChainGPT Pad IDO funds, 20% of NFT sales, and 10% of Whitelabel Solutions revenue for token buy-backs and burns.

These efforts collectively diminish $CGPT's supply, supporting its deflationary nature.

Q: What strategies is ChainGPT employing to appeal to non-crypto investors?

Sharon: ChainGPT attracts non-crypto investors by showcasing the wide-ranging uses of AI and blockchain in everyday applications. From devs to community managers and traders - we are aiming to empower the web3 users with AI-tech.

With our tools, like AI Web3 Chatbot and smart contract AI generator, we demonstrate how AI X Web3 can be a game changer. Using those no-code tools, we aim to support the mass adoption of blockchain tech

Our approach simplifies complex concepts and provides educational resources, making the tech's benefits clear to a broad audience.

You may try to use our tools here (many of them are free to use).

Q: What is the ChainGPT’s Road map for 2024-2025?

Chris: Really excited to share some of our future plans!

ChainGPT is building a Layer-2 blockchain specialized for the development and execution of decentralized AI models. In 2024, we plan to launch a testnet, provide developer tools, establish partnerships, and launch a dedicated grant program.

The mainnet launch, migration of partner protocols, and introduction of in-house AI applications are expected in 2024-2025.

Our goal is to boot innovative Web3 applications powered by AI technology. Want to read all the details? We’ve included a roadmap in our documentation.

Q: What is your strongest advantage that you think will make your team leading the market?

Chris: Thanks for your question! From a marketing perspective, I think ChainGPT's design and branding are a huge advantage. you'll notice our website and twitter is full of amazing 3D designs and videos.

When a project with great functionality also has strong graphic design and visual appeal, that's a major bonus. It's what drew me to work for ChainGPT, and I think this advantage will continue to serve us well. You may check our official website.

Q: What are the current areas of focus for your team and what short-term goals are you working towards, as many projects often emphasize their long-term vision and mission?

Sharon: I love this one! Since a great vision is critical for any project especially in blockchain.

Our goal is to lead the AI x Blockchain domain:

1. Supporting researchers and teams with grants, funding and partnershi, and marketing opportunities.

2. Creating AI and no-code tools that will increase mass adoption of blockchain

3. Solving one of the toughest challenges in AI x Blockchain - enabling training and execution of huge AI models with our Layer 2 blockchain. I think it will help make AI more secure, transparent and robust.

Feel free to learn more about our roadmap here.

Q: Can you list 1-3 killer features of this project that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?

Sharon: Great question!

More than *just* killer features - we have some killer products.

Our AI smart contract generator and auditor: No-code tool that can help any developer speed up a (dramatically) product launch while making sure the code is safe. We believe this product can make a huge difference in web3 developers' adoption - making it super easy and cheap to build software.

CryptoGuard: the best in class web3 security extensions in the market. Billions of $$ are being stolen every year - affecting the whole industry and slowing down adoption. With CryptoGuard, web3 users will be able to utilize our advanced AI algorithms to scan and identify phishing attempts in real-time, effectively blocking malicious sites to protect users.

Feel free to check out our official website and social.

Q: What is the top AI project that is incubated by ChainGPT and partnering with KuCoin?

Sharon: Here is a bit about our Launch Pad:

One of our main goals is to enable the future of Web3 that's why we’ve built the ChainGPT Pad - a decentralized fundraising platform incubating and launching the next generation of GameFi, AI, Infra, DeFi, DecSi, SocialFi projects.

By the way, we’ve already launched 27 projects - 15.4x ATH AVG ROI. Becoming one of the leading web3 launch pads in the market.

We're proud to have the chance to incubate GT Protocol (20x ROI) and DexCheck (690% ROI post-incubation) - which are also in partnership with KuCoin.

For more info inside ChainGPT Pad's Incubation Triumphs, you may check here. To get to know more about ChainGPT Pad, you may visit our official website.

Q: Almost 80% of investors have mainly concentrated on the token price in the short term rather than comprehending the genuine worth of the project. Could you please enlighten us on the motivations and advantages for investors to hold onto your token for the long term?

Chris: ChainGPT has tons of amazing functionality that make it promising long-term. A couple of things come to mind when looking into the future.

ChainGPT Pad and our Grants Program: By investing in other AI projects and launching IDOs, we're supporting the growth of the entire ecosystem and helping build a strong infrastructure for decentralized AI. The goal is long-term success for ChainGPT and our partners!

You may check the official ChainGPT Pad website and our main website for ChainGPT.

🎁 Participate in the ChainGPT AMA quiz now for a chance to win 29.840 CGPT!

The form will remain open for five days from publishing this AMA recap.

KuCoin and ChainGPT have prepared a total of 5,800 CGPT to give away to AMA participants.

1. Pre-AMA activity: 2,347 CGPT

2. Free-ask section: 135 CGPT

3. Flash mini-game: 1,080 CGPT

4. Post-AMA quiz: 2,238 CGPT

Sign up for a KuCoin account if you haven’t done so yet, and ensure you complete your KYC verification to be eligible for the rewards.

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