CHAINBING AMA RECAP — 01/03/2022
Thank you to the Cryptowid for participating in Ask Me Anything (AMA) with ChainBing March 01st 2022 10am UTC. This guest star :
- Chain_Bing
Team of ChainBing
INTRODUCTION
Before we start AMA main segment, we really want to know some informations about yourself. Could you do a little introduction for us know better about you?
| ChainBing
Hi everyone, I am the representative from Chainbing. Chainbing is dedicated to storing, indexing, analyzing, and sharing data on the blockchain to provide users with fast and accurate information.
SEGMENT 1
Q1. In such a strong bear market, chainbing token stands on stability. Can you share the details with our community?
| ChainBing
It’s Chainbing, CBG showed its great marketing performance. The price of CBG now is $40 （576,622 IDR) while the price of CBG is $2.8 (40,384 IDR) when listing on Indodax. And its initial price was $0.1. CBG price stands on stability. The 40X shows the marketing recognition of Chainbing. And Chainbing will focus more on our technical innovations. 40X is just the beginning, we are certain that we’ll have a greater future.
Check it for more references: https://coinmarketcap.com/currencies/chainbing/
Q2 and What is Chainbing? please tell me detail
| ChainBing
Chainbing is a blockchain information aggregation engine, dedicated to storing, indexing, analyzing, and sharing data on the blockchain to provide users with fast and accurate information.
By introducing data witnessing mechanisms to ensure the reliability of data, and by providing rewards for participants who provide validation, Chainbing will develop into an energetic ecosystem.
Q3. Who are our partners/investors/advisors?
|ChainBing
Angle Capital is our investor and CoinSpeaker is our media partner. As ChainBing is a new project now and we are working on getting more partners and we do welcome all partners in SEA.
Two Articles about chainbing have been posted in Blockchainmedia.id @Vingika and also in Cryptopress @CryptoPress_ok
Q4. What’s the latest development of Chainbing?
|ChainBing
Initial completion of the underlying protocol of ChainBing
Since the explosion of Web3, although still in its infancy, is enabling an incredible amount of innovation in the creative economy, it is more and more important that provide a utilitarian economy between Web3 applications and the full nodes that provide access to the data they need. Since the idea was initialized, Chainbing has demonstrated that a decentralized data layer is not only possible but with the right architecture could provide a service that is unmatched.
Infura is a convenient service, while due to its centralized nature, it is down several times, which causes huge troubles among dozens of DApps. The lessons we have learned maintaining the network have highlighted a path towards a truly scalable future for Chainbing’s Web3 infrastructure. These are the focus of Chainbing seeks to achieve in the future.
Q5. What is planned for 2022?
|ChainBing
2022, Q1 & Q2: Alpha version of node components completed
Instead of deploying to a single service provider, Chainbing is designed as a decentralized platform that anyone can join and tap into Chainbing trustless API protocol and route your requests to 1000’s independent full nodes. Available for all major blockchain networks. The framework should be available by the end of Q2 for developers to make the integration easier.
2022, Q3: Chainbing main network skeleton construction completed
In order to coordinate all nodes' work, the must-have feature is to reach the consensus, reward the work, and punish the evil nodes. The consensus module coordinates Validators to come to an agreement that the transactions and data results are legitimate. With this phase are completed, the token would have real use cases in Chainbing network.
2022, Q4: Launch of the first data center
By the end of 2022, we are going to launch the first data center which will support multiple blockchains' queries. In this release, Chainbing will transition from random communication to structured communication. For those running nodes, this transition means a significant reduction in bandwidth usage. For the network as a whole, this means more efficient and scalable communication, while maintaining the required redundancy. This will move Chainbing from having low visibility and a large amount of message duplication to have high visibility and less message duplication.
SEGMENT 2
Q1. Would you like to share with us your marketing plan?
Currently, many projects are only concerned with instant profits, is ChainBing good for long-term investment?
| ChainBing
Chainbing will focus on the following key areas.
1. Data collection and storage: the underlying data network consisting of hardware nodes involved in data storage.
2. Data Intelligence Analysis: Artificial intelligence-based big data analysis tools provided by Chainbing
3. Content provision and access: providing valuable information to help Chainbing grow and earn token incentives; users need to pay tokens to access paid content.
4. Consensus mechanism and witnessing: Token holders can participate in the witnessing of data and content to ensure the accuracy of data.
5. Community Governance: Token holders will have the right of community governance, and the community will drive the development of Chainbing.
Q2. Partnerships is one of important factors for every project. Could you name some of ChainBing' partners? What are the benefits that you get from them? And is there any partnership that will be established in near future?
|ChainBing
Angle Capital is our investors and CoinSpeaker is our media partner. As ChainBing is a new project now and we are working on getting more partners and we do welcome all partners in SEA.
Two Articles about chainbing have been posted in Blockchainmedia.id @Vingika and also in Cryptopress @CryptoPress_ok
Check out the articles and know more about Chainbing
By introducing data witnessing mechanisms to ensure the reliability of data, and by providing rewards for participants who provide validation, Chainbing will develop into an energetic ecosystem.
Q3. What is ChainBing’s token incentive economy model? And How to buy $CBG tokens???
|ChainBing
CBG was listed on Indodax on February 10.
Check more details here:
https://t.co/OrZgqTbdN4
Also, check our tweet on Twitter: https://twitter.com/Chain_Bing/status/1491285526212902912
You can also buy at Cointiger, xt.com & Uniswap(V2)
Contract address: 0x1900E8B5619a3596745F715d0427Fe617c729BA9
Q4. Do you have any target for your"Chain_Bing" project? What do you wanna achieve next? Are your team working on increasing value of the token or developing the project?
| ChainBing
2022, Q1 & Q2: Alpha version of node components completed
Instead of deploying to a single service provider, Chainbing is designed as a decentralized platform that anyone can join and tap into Chainbing trustless API protocol and route your requests to 1000’s of independent full nodes. Available for all major blockchain networks. The framework should be available by the end of Q2 for developers to make the integration easier.
2022, Q3: Chainbing main network skeleton construction completed
In order to coordinate all nodes work, the must-have feature is to reach the consensus, reward the work, and punish the evil nodes. The consensus module coordinates Validators to come to agreement that the transactions and data results are legitimate. With this phase are completed, the token would have real use cases in Chainbing network.
2022, Q4: Launch of the first data center
By the end of 2022, we are going to launch the first data center which will support multiple blockchains' query. In this release, Chainbing will transition from random communication to structured communication. For those running nodes, this transition means a significant reduction in bandwidth usage. For the network as a whole, this means more efficient and scalable communication, while maintaining the required redundancy. This will move Chainbing from having low visibility and a large amount of message duplication to having high visibility and less message duplication.
SEGMENT 3
Q1. Do you have a whitepaper? if yes please share it with us and secondly are you working to AUDIT your project, to make its security more secure and reliable?
| ChainBing
A good token economy model should support the security and sustainability of the network. At the same time, it should benefit all participants of this network, including validators, creators, and users, while at the same time enabling the network to grow. Chainbing does not have to pay any excess cost for security, as a higher target pledge ratio requires a higher token issuance rate to maintain a reasonable return for verifiers. It is not easy to do the rate as decentralization, security are all of vital importance for Chainbing. And we’ll try our best to find a balance between them.
https://www.chainbing.io/whitepaper.pdf
Q2. Can you explain how is your Tokenomics Distribution? How many tokens Will be minted ? And How many tokens Will be locked by the team??
| ChainBing
Yes, it’s maximum supply is 10,000,000,000, A token economy will be introduced into every aspect of the BIAE network. This embedded token integration will ensure the BIAE is a network of value. A good token economy model should support the security and sustainability of the network. At the same time, it should benefit all participants of this network, including validators, creators, and users, while at the same time enabling the network to grow.
The target pledge rate for Chainbing network tokens is 35%. The lower pledge rate allows more tokens to be used for other purposes. Most importantly, Chainbing does not have to pay any excess cost for security, as a higher target pledge ratio requires a higher token issuance rate to maintain a reasonable return for verifiers.
Q3. What are your marketing plans? What are your plans to raise your awareness, especially in non-English speaking places? Do you have an ambassador program??
|ChainBing
No, not only for English speaking countries. Our community is a global community. Many country people are there in our community. There is only one official community for ChainBing.
There is no ambassador program for now
Q4. Where can I currently buy $CBG Token?
|ChainBing
CBG was listed on Indodax on February 10.
Check more details here:
https://t.co/OrZgqTbdN4
Also, check our tweet on Twitter: https://twitter.com/Chain_Bing/status/1491285526212902912
You can also buy at Cointiger, xt.com & Uniswap(V2),Contract address: 0x1900E8B5619a3596745F715d0427Fe617c729BA9
AMA FINISHED
Follow ChainBing sosial media
• Telegram Group Official :
https://t.me/ChainbingOfficial
• Twitter : https://twitter.com/Chain_Bing
• Medium : https://medium.com/@ChainBing
• Website : https://t.me/ChainbingOfficial
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