ChainGPT

$CGPT

D3Young1Y

ChainGPT is a strong "AI Narrative" investment.

I'm supporting CGPT after participating in the launch and observing the first 10+ days of open market trading.

Here's what I like:

This aligns perfectly with the AI Narrative for crypto. The GPT model, trained on 95% crypto, should only enhance the quality and value of this project in the long run.
The tokenomics of the project have two features I appreciate:

There's a burning mechanism, so inflation (even with generous staking rewards) will be under 2% within 2 years and deflationary within 5 years.
The token has genuine value, as you must either buy and lock it up in staking or spend CGPT to access the products and services.

The better the project does, the fewer tokens in circulation and the higher the token price.

CGPT launched on April 10th, and after reaching an ATH of $0.20 at TGE, it retraced to an ATL of $0.09 a few days later and has since fluctuated between $0.10 & $0.12 (I appreciate the price stability).
The current Market Cap is $9.5M and ranks #1012 (a low-cap gem with room for growth).
The current Trading Volume is $2.2M, quite high for a token with a $9.5M MC. Over the last 10 days, the average TV was much higher; during the first few days, it was as high as 3x the MC!
The day after TGE, there were 5,700 holders, and now there are 6,700, a 17% increase in just 9 days (even with high volume trading, it's a net gain in holders).
There are already 10 CEX listings, with the top 3 being KuCoin, MEXC Global, and Bybit (this token has excellent market exposure).
The IDO took place on 5 launchpads, and 3 of the 5 launch pads, Seedify, Enjinstarter, and Poolz, have a great reputation for vetting good projects.

I also appreciate the vesting they implemented. Most private and public tokens have a 60 or 90-day cliff (see pic). This means that for the next 2 months, NO new tokens will hit the market (except earned/reward tokens). Then, in month 3, only around 1.5% are released. This cliff will allow CGPT time to gain traction before the next unvesting. Even after the cliff, just over 2% a month will be released from months 4 to 10, representing the period with the largest distribution.

I feel confident about an entry while we remain in the $0.10 to $0.125 range.

Then, I would mark my calendar for June 10th as 1.5% gets released, and then on the 10th of each month from July to December 2023 as the majority of private and public vesting unlocks. Show Less