Today, the decentralized IoT or Internet of Things Engine CPChain is announcing their native currency CPC’s listing to one of the most trusted blockchain asset market, KuCoin.
Deposit is now open with trading pairs involving CPC/BTC and CPC/ETC. Buying will start at 19:30 UTC+8 and Selling/Withdrawal at 20:00 UTC+8. All transactions can be performed using KuCoin’s App or direct to their website.
Introduction To CPChain CPC
CPChain (CPC) is defined as a distributed infrastructure for the Internet of Things (IoT). CPChain endeavors to integrate IoT, blockchain, and distributed encryption storage and computing, producing about a current generation of IoT.
The CPChain will enable different IoT systems to interact with varying data of industry (i.e., Big Data analysis). Example use case: One IoT system which obtains transportation video data can transfer that data to the CPChain where Big Data analysis can be applied to optimize traffic scheduling. By distributing the data across the blockchain, vendors and suppliers can monetize their data.
What CPChain Offers
CPChain is contributing a solution to major architectural problems in IoT. The offered solution will improve data privacy, decrease connectivity costs, and increase the value of the IoT data. The team has consistent work experience, specifically the co-founders Dr. Long Chengnian and Dr. Zhao Bin.
They’re well linked in the cryptocurrency space, ensuring investments/partnerships from Metaverse, HPB, QTUM, and VeChain. The team has now completed most of their R&D and accessing the implementation stage with a goal to launch version 1.0 of the platform in October 2018. There are millions of IoT devices and billions of transactions occurring per second, if CPChain can act as the agent to assist monetize this data, it’ll be a huge success.
CPChain CPC Token
CPC is a major asset on CPChain, CPC’s worth origin is that it can efficiently distinguish and measure digital economic activity. The worth of CPC is based on two feasible business requirements. One is that the application of CPChain employs an exact amount of CPC as fuel. The other is managing CPC a symbol of participating in the community governance.
- The total value of the CPC is 1 billion, which will be generated when the main network is online.
- Regular nodes in the CPC network (non-DAPP application nodes) have the power to send a settled number of free transactions daily. If this number is surpassed or the transaction frequency is too quick, the system will impose a fee.
- To ensure the security of communication and computing resources, DAPP application developers must hold a similar expense of tokens according to the resources to be engaged by the application and may charter them if the quantity of tokens is not sufficient.
- For transactions happening from DAPP applications, DAPP developers share the corresponding costs and provide leasing payments to miners who give rental tokens.
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