The $CHIRP token is our native protocol token. Our Miners mine the token and we distribute it to Keepers, blockchain validators, reserve, and investors.
You earn crypto just for being a part of the network, and the longer you’ve been with us, the greater rewards you earn.
Chirp's native token, validated by its Miners. Our deflationary model halves the supply of $CHIRP every four years, maintaining the value of the token as our ecosystem grows.
Purchasing access to Chirp network will entitle its user to an on-chain badge (utility token) that will reside in the user’s Chirp wallet.
These Access Badges are non-transferable, meaning they are tied to a single user and contain metadata pertaining to the underlying amount of $CHIRP converted.
THE MAXIMUM SUPPLY OF $CHIRP IS 300 MILLION TOKENS, WITH REWARDS ON THE FIRST YEAR TOTALLING 12.5% OF THE MAXIMUM SUPPLY AND HALVING EVERY 4 YEARS. THE MAXIMUM SUPPLY IS SET TO HAPPEN AT THE END OF THE 50TH YEAR AFTER NETWORK LAUNCH.
AB ARE OFF-CHAIN ASSETS AND NON-TRANSFERABLE, MEANING THEY ARE TIED TO A SINGLE USER. USERS USE THEM TO ACCESS THE CHIRP PLATFORM SERVICES. THEY ARE OBTAINED BY CONVERTING $CHIRP INTO ABs AT THE MARKET PRICE AT THE MOMENT OF ACQUISITION. THE DEMAND FOR AB ON BEHALF OF USERS IS AN IMPORTANT INDICATOR OF FUTURE NETWORK USAGE AND ALSO DETERMINES THE NUMBER OF $CHIRP TOKENS THAT WILL BE PERMANENTLY REMOVED FROM CIRCULATION.
Birds Chirp and LoRa Chirp - LoRa is based on Chirp Spread Spectrum (CSS) technology, where chirps (also known as symbols) are the carrier of data. The spreading factor controls the chirp rate, and thus controls the speed of data transmission. Lower spreading factors mean faster chirps and therefore a higher data transmission rate.
NCs are off-chain assets and non-transferable, meaning they are tied to a single user. Users use them to access the Chirp platform services. They are obtained by converting $CHIRP into NCs at the market price at the moment of acquisition. The demand for NCs on behalf of users is an important indicator of future network usage and also determines the number of $CHIRP tokens that will be permanently removed from circulation. Link: www.chirp.io
NCs are off-chain assets and non-transferable, meaning they are tied to a single user. Users use them to access the Chirp platform services. They are obtained by converting $CHIRP into NCs at the market price at the moment of acquisition. The demand for NCs on behalf of users is an important indicator of future network usage and also determines the number of $CHIRP tokens that will be permanently removed from circulation. Link: www.chirp.io