Kingstown, Saint Vincent and the Grenadines, January 20, 2025, Chainwire
Sui-based DePIN Chirp Announces Token Launch on Major Exchanges
Chirp, a Sui-based decentralized physical infrastructure network (DePIN), announced the launch of its $CHIRP token on three major centralized cryptocurrency trading platforms following the launch of a dedicated DePIN infrastructure layer on the Sui blockchain.
Chirp is one of the fastest growing DePINs in the cryptocurrency industry with close to 1 million users. The network connects the fragmented world of Internet of Things (IoT) devices through blockchain technology. Built on Sui, Chirp is a community-driven network and platform that provides a suite of tools that other DePIN and real-world projects can use to bring to market.
Starting Monday, January 20, $CHIRP will be available for trading on KuCoin, Gate.io, and MEXC Exchange using the CHIRP/USDT trading pair. This is news about the successful initial DEX offering (IDO) of Sui DePIN, the base layer that supports the creation and operation of decentralized physical infrastructure networks on the Sui blockchain.
Tim Kravchunovsky, CEO and founder of Chirp, says: “After over two years of build, we are very proud to finally launch Chirp on the Sui mainnet. We chose Sui as our home even before DePIN launched on testnet, and now the ecosystem has grown into one of the most promising layer 1 blockchains in the entire cryptocurrency space.
“Now with the launch of the Sui DePIN infrastructure layer, there is no better blockchain for decentralized IoT and communications projects like ours. With the $CHIRP token now residing on several major centralized exchanges, I am confident that Chirp will firmly establish itself as Sui’s leading DePIN project as it strives to solve key global connectivity challenges through community-driven IoT networks and ecosystems. .”
Chirp’s tokens play an essential role in the ecosystem. This incentivizes Keepers, Chirp’s “Blackbird” antenna operators, to maintain the devices and support the network. $CHIRP is also used as payment for network usage and serves as a governance token within Chirp’s sophisticated three-tier voting system.
$CHIRP tokens will also be distributed as rewards in Kage, the first DePIN P2E game with real-world utility, released by Chirp in November 2024. The game requires players to physically detect wireless networks such as WiFi, Bluetooth, and cellular towers. We collect data through smartphones to build the world’s largest community-based global location information database.
Since launching on November 25, Kage has attracted close to a million players in 191 countries around the world, browsing more than 850 million wireless networks. The geolocation data they collect is in high demand across a wide range of industries and enables applications such as indoor navigation and low-power positioning in places where GPS doesn’t work, such as tunnels or shopping malls.
Introduction to CHIRP
Chirp is an IoT ecosystem built on the Sui blockchain, with two core components: a decentralized physical infrastructure network (DePIN) and a powerful IoT platform. Chirp’s DePIN operates through community-owned miners that provide connectivity to IoT devices and rewards participants with $CHIRP tokens. IoT platforms enhance this connectivity by providing a comprehensive suite of tools to efficiently manage devices and connect their data to the blockchain. This dual approach fosters community engagement and creates a sustainable ecosystem where Chirp provides advanced IoT solutions for individuals, enterprises, and real estate assets (RWA) projects while empowering the community through decentralized infrastructure contributions.
To learn more about Chirp, visit https://chirptoken.io/.
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