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USD.AI's governance tokenCHIPlaunches, advancing on-chain finance for computing power assets
On April 22nd, USD.AI's protocol governance token CHIP completed its token generation event (TGE) and simultaneously launched on major exchanges such as Coinbase and Binance. Its first-day circulating market capitalization reached $21 million, initiating a new narrative for on-chain financing in the AI infrastructure finance sector.
This project uses GPU hardware as on-chain collateral to provide non-dilutive loans to AI companies. It has already implemented over $16.4 million in GPU-secured loans, supporting a stable yield ecosystem of 10%-15% annualized. Its launched USDai stablecoin and interest-bearing token sUSDai construct an on-chain financial system pegged to real-world assets, differentiating itself from the traditional DeFi crypto-asset collateral model.
CHIP has a total supply of 10 billion tokens, with an initial circulating supply of only 7%. The CoinList public offering price was $0.03 per token, raising approximately $19.4 million. The token serves both governance and risk protection functions; sCHIP generated by staking CHIP can provide a safety net for bad debts in sUSDai. The project is still in its early stages, and attention should be paid to the stability of the collateral value and the progress of business scaling.
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USD.AI's governance tokenCHIPlaunches, advancing on-chain finance for computing power assets
On April 22nd, USD.AI's protocol governance token CHIP completed its token generation event (TGE) and simultaneously launched on major exchanges such as Coinbase and Binance. Its first-day circulating market capitalization reached $21 million, initiating a new narrative for on-chain financing in the AI infrastructure finance sector.
This project uses GPU hardware as on-chain collateral to provide non-dilutive loans to AI companies. It has already implemented over $16.4 million in GPU-secured loans, supporting a stable yield ecosystem of 10%-15% annualized. Its launched USDai stablecoin and interest-bearing token sUSDai construct an on-chain financial system pegged to real-world assets, differentiating itself from the traditional DeFi crypto-asset collateral model.
CHIP has a total supply of 10 billion tokens, with an initial circulating supply of only 7%. The CoinList public offering price was $0.03 per token, raising approximately $19.4 million. The token serves both governance and risk protection functions; sCHIP generated by staking CHIP can provide a safety net for bad debts in sUSDai. The project is still in its early stages, and attention should be paid to the stability of the collateral value and the progress of business scaling.
Our new SocialFi software:
www.cryptopulse.top/download
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