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Sui-based decentralized physical infrastructure network (DePIN) chirp It officially launched its CHIRP token on three prominent centralized cryptocurrency exchanges, coinciding with the rollout of its specialized DePIN infrastructure layer on the Sui blockchain.
Chirp stands out as one of the fastest expanding DePIN networks in the cryptocurrency space, with nearly 1 million users. The network seamlessly integrates the disparate landscape of Internet of Things (IoT) devices by leveraging the power of blockchain technology. Chirp, which leverages the Sui blockchain, stands out as a community-driven network and platform, providing a set of tools designed for DePINs and real-world projects aiming to successfully launch them into the market.
Starting today, Monday, January 20, $CHIRP is officially launched for trading on KuCoin, Gate.io, and MEXC Exchange, featuring the CHIRP/USDT trading pair. This latest announcement comes on the heels of the success of the Initial DEX Offering (IDO) for Sui DePIN, the foundational layer for building and managing decentralized physical infrastructure networks on the Sui blockchain.
“After more than two years of build, I’m incredibly proud to finally launch Chirp on the Sui mainnet,” says Tim Kravchonovsky, CEO and founder of Chirp. “We chose Sui to be the home for our DePIN even before it was deployed on the testnet, and now it has grown.” ecosystem to become one of the most promising Layer 1 Blockchain networks in the entire cryptocurrency space.
“Now, with the launch of the Sui DePIN infrastructure layer, there is no better blockchain for a decentralized IoT and communications project like ours. I am confident that with our CHIRP token now on many leading centralized exchanges, Chirp will firmly establish itself as the leading DePIN project.” For Sui as we solve major global connectivity problems through the IoT network and community-supported ecosystem.”
The $CHIRP token is central to the Chirp ecosystem, serving multiple key functions. It rewards Keepers who operate the network’s “Blackbird” antennas, facilitates payment transactions across the network, and enables community management through a sophisticated three-tier voting system.
The groundbreaking development came with Kage, Chirp’s innovative DePIN P2E game that launched in November 2024. Players earn $100 in CHIRP rewards by using their smartphones to discover and map wireless networks, including WiFi, Bluetooth, and cell towers. This collective effort aims to create the most comprehensive geolocation database in the world.
Kage’s impact has been notable, attracting nearly a million participants who have mapped more than 850 million wireless networks across 191 countries. The geolocation data collected has wide-ranging applications, particularly enabling indoor navigation and positioning in environments where GPS is not available such as underground structures and shopping malls.