Sui-based decentralized physical infrastructure network (DePIN) Chirp has officially launched its $CHIRP token on three prominent centralized cryptocurrency exchanges, coinciding with the rollout of a specialized DePIN infrastructure layer on the Sui blockchain.
Chirp stands out as one of the most rapidly expanding DePINs in the crypto space, boasting 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, leveraging the Sui blockchain, emerges as a community-driven network and platform, providing an array of tools designed for DePINs and real-world projects aiming to launch successfully in the market.
Starting today, Monday, January 20, $CHIRP has officially launched for trading on KuCoin, Gate.io, and MEXC Exchange, featuring a CHIRP/USDT trading pair. The recent announcement comes on the heels of a successful Initial DEX Offering (IDO) for Sui DePIN, the essential layer for building and managing decentralized physical infrastructure networks on the Sui blockchain.
Tim Kravchunovsky, CEO and founder of Chirp, says: “After over two years of building, I’m incredibly proud to launch Chirp on Sui mainnet finally. We chose Sui as the home for our DePIN even before it went live on testnet, and now this ecosystem has grown into one of the most promising Layers 1 blockchain in the entire crypto space.
“Now, with the launch of the Sui DePIN infrastructure layer, there is no better blockchain for a decentralized IoT and telecommunications project like ours. I’m confident that with our $CHIRP token now live on several leading centralized exchanges, Chirp will firmly cement itself as Sui’s leading DePIN project as we work to solve major global connectivity problems with our community-powered IoT network and ecosystem.”
The $CHIRP token is fundamental to Chirp’s ecosystem, serving multiple key functions. It rewards Keepers who operate the network’s “Blackbird” antennas, facilitates network payment transactions, and enables community governance through a sophisticated three-tier voting system.
A groundbreaking development came with Kage, Chirp’s innovative DePIN P2E game launched in November 2024. Players earn $CHIRP rewards by using their smartphones to detect and map wireless networks, including WiFi, Bluetooth, and cellular towers. This crowdsourced effort aims to create the world’s most comprehensive geolocation database.
Kage’s impact has been remarkable, drawing nearly 1 million participants who have mapped over 850 million wireless networks across 191 countries. The collected geolocation data has widespread applications, particularly enabling indoor navigation and positioning in GPS-denied environments like underground structures and shopping centers.