TechFlow reports that CharacterX, a next-generation decentralized AI social app, announced on July 24 the allocation of 8% of its CAI tokens to users participating in its airdrop season, with 1% and 2% allocated to the preseason and Season 1 respectively. Early users' CXT points can be used for on-chain NFT minting and future staking activities. The CAI token will be utilized across multiple use cases including AI character creation, AI asset trading, developer staking, AI asset upgrades, and community governance. CharacterX stated it will periodically repurchase and burn CAI tokens based on market conditions and profitability to stabilize and increase the token price.
In addition, CharacterX detailed its token system, which includes CXC (platform internal virtual currency), CXT (preseason points), and CAI (main season points).
As of June 2024, CharacterX has surpassed 7 million registered users. Supported by the Stanford Blockchain Accelerator, CharacterX earlier this year ranked among the top three at the Solana Hackathon and successfully completed its seed funding round.
In mid-July, CharacterX launched its Telegram Mini App, allowing users to earn points through various methods such as Tap To Earn on both the Telegram Mini App and the main app, qualifying them for future airdrop events.
