CHAT Price

(DECHAT)
USD($)
CHAT (DECHAT) Live Price Chart

CHAT Live Price Data

The live price of CHAT is $1.55, with a total trading volume of $ 100,180 in the last 24 hours. The price of CHAT changed by -9.6% in the past day, and its USD value has decreased by -20.88% over the last week. With a circulating supply of -- DECHAT, the market cap of CHAT is currently -- USD, marking a --% increase today. CHAT currently ranks #-- in market cap.
How do you feel about CHAT today?
Note: This data is for reference only.
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CHAT(DECHAT) Profile

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$1.4900
$1.7500
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-0.19%
-9.60%
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$100,180 
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About DECHAT

How can I buy CHAT (DECHAT)?

Buying DECHAT on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy CHAT (DECHAT) for more information.

What Is DECHAT (CHAT) Crypto?

Chat (DECHAT) is a pioneering cryptocurrency within the SocialFi (Social Finance) realm, introducing innovative features that distinguish it from other blockchain projects. It operates as a decentralized application (dApp) that merges communication utilities, such as chatting, with blockchain technology to create a comprehensive ecosystem where communication and commerce coexist harmoniously​​.

DECHAT is designed as an open, secure Web3 communications protocol that enables decentralized user interactions, allowing users to chat, discover, and transact digital assets seamlessly within and across applications. It aims to revolutionize online interactions by combining the ease of use of traditional chat applications with the secure and innovative features of Web3 technology​​​​.

One of the standout features of DECHAT is its integration with inscription technology, marking it as the first SocialFi product to achieve this. The platform's flagship inscription, "DCHAT," has quickly become the largest SocialFi inscription on the BNB Chain, supported by a growing base of wallet holders. This indicates DECHAT's significant impact and popularity within the blockchain community. The project also features an on-chain quest odyssey system designed to facilitate the transition from Web2 to Web3, enhancing user engagement through interactive and immersive experiences​​.

DECHAT's ecosystem is enriched by digital asset commerce capabilities, including token and NFT airdrops, swaps, and group gifting, all secured by end-to-end encrypted messages and calls. This ensures a high level of privacy and security for both personal and professional interactions, supported by multi-platform accessibility​​.

The native utility token of the DECHAT platform is $CHAT, which plays a central role in its SocialFi ecosystem. $CHAT is designed to offer multiple utilities, such as governance, privileged access to platform features, participation in token airdrops, and staking for rewards. The tokenomics of $CHAT are structured to ensure a deflationary model, with a total supply capped, promoting value for token holders through various use cases​​.

How Does DECHAT Work?

DECHAT (CHAT) is a comprehensive platform that leverages blockchain technology to revolutionize how users communicate, discover, and transact on the Web3 space. Here's a breakdown of how it works:

1. Decentralized Communication and SocialFi Integration: At its core, DECHAT is a decentralized application (dApp) that integrates social networking with financial aspects (SocialFi). This integration allows users to not only communicate through peer-to-peer encrypted messaging but also engage in digital commerce, such as trading NFTs and other digital assets within the platform​​.

2. Inscription Technology: DECHAT incorporates inscription technology, distinguishing it as a unique SocialFi product within the blockchain realm. This technology enables users to participate in the platform's ecosystem through various on-chain activities, enhancing the social and financial interaction on the platform​​.

3. On-Chain Quest Odyssey System: The platform features an innovative on-chain quest odyssey system designed to transition users from Web2 to Web3. This system encourages user engagement by offering interactive and immersive experiences, simplifying the journey into blockchain, and rewarding users for their participation​​.

4. Peer-to-Peer Encrypted Communication: DECHAT ensures privacy and security through peer-to-peer encrypted messaging and calls. This encryption guarantees that communications are secure and private, providing a safe environment for both personal and professional interactions​​.

5. Digital Asset Commerce Capabilities: The platform allows users to engage in digital asset commerce, including the ability to conduct token and NFT airdrops, swaps, and even group gifting. This feature facilitates a seamless trading experience within the DECHAT ecosystem, making it easier for users to transact and share digital assets​​.

6. Multi-Platform Support: DECHAT is designed to provide a seamless experience across all devices, ensuring users can access the platform's features regardless of their preferred technology. This accessibility is crucial for widespread adoption and user convenience​​.

When Was DECHAT (CHAT) Coin Launched?

Dechat had a limited user beta phase before its official launch, with a user base mainly in Japan surpassing 200,000 users. The official launch of the $CHAT token Initial DEX Offering (IDO) happened on February 19, 2024.

KuCoin listed CHAT token for trading on our platform in February 2024.

What Is CHAT Token Used for?

The DECHAT (CHAT) token serves multiple purposes within its ecosystem, primarily facilitating various activities and functions on the DECHAT platform. Here's an overview of its uses:

1. Governance: CHAT token holders can participate in governance decisions, influencing the platform's future direction through a decentralized autonomous organization (DAO) structure. Token holders have a say in major decisions, updates, and changes within the ecosystem​​.

2. Access to Premium Features: Holding CHAT tokens grants users privileged access to various platform features. This could include exclusive areas, enhanced functionalities, or advanced user capabilities not available to those without CHAT tokens​​.

3. Token Airdrops and Staking Rewards: The ecosystem rewards users for participating in token staking mechanisms, where they can earn additional CHAT tokens as a reward for their contribution to network security and liquidity. Additionally, CHAT token holders may be eligible for airdrops as part of promotional events or rewards distributions​​.

4. Transactional Currency: CHAT tokens can be used within the DECHAT ecosystem to perform transactions. This includes but is not limited to, purchasing goods and services, paying for subscription services, or accessing special features within the DECHAT platform​​.

5. Deflationary Model: The tokenomics of CHAT include a deflationary mechanism where certain actions within the ecosystem, like accessing premium features or executing specific transactions, might lead to the burning of CHAT tokens. This reduction in total supply can add value to the remaining tokens by making them scarcer over time​

6. Trade CHAT on KuCoin: Trade DECHAT token on the KuCoin Spot Market to make the most of changing market conditions and volatility. Buy or sell CHAT or hold the token long-term if you believe in the future potential of the DECHAT platform. Remember to do your own research (DYOR) before entering any trades in the crypto market.

CHAT (DECHAT) Price Movements ($)
PeriodChangeChange (%)
Today$-0.1651-9.61%
7 Days$-0.41-20.88%
30 Days$-1.44-48.15%
3 Months$1182.29%
24H Investment Barometer
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Buy
The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Risk warning:Please note that the Investment Barometer is provided for informational purposes only and is not an investment advice. Investing carries risk. Please make investment decisions cautiously and based on your own judgement.
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CHAT Conversion Rate
  • 1 DECHAT to USD$1.55
  • 1 DECHAT to EUR€1.46
  • 1 DECHAT to AUD$2.41
  • 1 DECHAT to KRW₩2,165.96
  • 1 DECHAT to JPY¥239.97
  • 1 DECHAT to GBP£1.24
  • 1 DECHAT to INR₨129.72
  • 1 DECHAT to IDRRp25,142.58
  • 1 DECHAT to CAD$2.14
  • 1 DECHAT to RUB₽145.51

FAQ

How much is 1 CHAT (DECHAT) worth?
KuCoin provides real-time USD price updates for CHAT (DECHAT). CHAT price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time DECHAT to USD exchange rates.
Is DECHAT (CHAT) a Good Investment?

Here are some potential advantages of adding $CHAT to your crypto portfolio:

1. Early Entry into SocialFi: DECHAT represents an early opportunity to invest in the SocialFi space, a blend of social networking and finance on the blockchain. As this sector is still emerging, early investors might benefit from the growth as the concept becomes more mainstream​​.

2. Participation in a Decentralized Ecosystem: Investors can be part of a decentralized platform that aims to transform digital communication. DECHAT's focus on merging the ease of traditional messaging apps with the security and innovation of Web3 could appeal to a wide user base as privacy and data security concerns grow​​.

3. Governance and Influence: Holding CHAT tokens provides governance rights within the DECHAT DAO. This gives investors a say in key decisions, platform updates, and future directions, offering a level of influence and participation not typically available in traditional investments​​.

4. Potential for Appreciation: The deflationary nature of CHAT tokens, combined with a capped total supply, may lead to appreciation over time. As the platform grows and the demand for tokens increases for transactions and participation in the ecosystem, the value of CHAT tokens could potentially rise​​.

5. Diverse Utility and Rewards: The CHAT token's utility within the DECHAT ecosystem—ranging from access to premium features, governance, staking rewards, and digital asset commerce—provides multiple streams of potential value and rewards for investors​​.

6. Innovative Features and Technology: By investing in DECHAT, individuals are backing a platform that leverages cutting-edge blockchain technology, including peer-to-peer encrypted communication, digital asset commerce capabilities, and an innovative on-chain quest odyssey system designed to enhance user engagement​​​​.

7. Privacy and Security: In an era where digital privacy is increasingly valued, DECHAT’s emphasis on secure, encrypted communication could make it a go-to platform for users seeking privacy, potentially driving up the value of the CHAT token as the platform's user base grows​​.

What Is DECHAT Price Prediction?

Although the inherent volatility of the crypto market makes it challenging to offer a reliable CHAT crypto price prediction, you could monitor the following factors to understand the price changes in the DECHAT cryptocurrency:

1. Supply and Demand of CHAT Token: The fundamental economic principle of supply and demand is a primary driver of the CHAT token price. Limited supply, especially due to the token's deflationary mechanism and increased demand for using the token within the DECHAT ecosystem or for speculative investment, can push the DECHAT price up​​.

2. DECHAT Adoption and User Growth: The success and widespread adoption of the DECHAT platform directly impact the value of CHAT tokens. As more users join and use the platform for communication, commerce, and governance, the demand for CHAT tokens will likely increase, potentially driving the CHAT to USD price​​.

3. Crypto Market Sentiment: Cryptocurrency prices are highly influenced by market sentiment, which can be affected by news, social media, and the overall mood of investors. Positive news about DECHAT developments, partnerships, or technological advancements can increase investor confidence and raise the DECHAT token price.

4. Technological Innovations: The introduction of new features and improvements within the DECHAT ecosystem can influence the $CHAT price. Innovations that enhance privacy, security, and user experience can attract more users and investors, potentially increasing the CHAT crypto price.

5. Competition in SocialFi Sector: The landscape of blockchain-based social and communication platforms is competitive. The emergence of new platforms offering similar or superior features can impact DECHAT's market share and, consequently, the CHAT coin price. Conversely, DECHAT's ability to maintain a competitive edge can positively influence the DECHAT value.

6. Crypto Market Trends: The broader cryptocurrency market trends also affect the DECHAT coin price. During market bull runs, even altcoins can see significant price increases. In contrast, bear markets often lead to across-the-board declines.

7. CHAT Staking and Governance Participation: The extent to which token holders participate in staking and governance decisions can also impact the price of DECHAT crypto. Active participation and locking of tokens for staking reduce circulating supply, potentially increasing the DECHAT crypto price due to scarcity​​.

How to Earn CHAT Tokens

Here are some ways you can earn CHAT tokens on the DECHAT platform:

1. You can earn CHAT tokens on DECHAT by inviting friends to join the ecosystem and hold CHAT, promoting the DECHAT ecosystem, and through official certification projects within the DECHAT ecosystem.

2. Additionally, staking CHAT tokens in the DECHAT app allows for earning a fixed annual income.

3. Super Node Mining also offers opportunities for earning by completing community expansion tasks and contributing to the platform's growth​​.

What is the market cap of CHAT (DECHAT)?
The current market cap of DECHAT is $173.08M. It is calculated by multiplying the current supply of DECHAT by its real-time market price of $173.08M.
How do I store CHAT (DECHAT)?
You can securely store your CHAT in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your DECHAT include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert JasmyCoin (JASMY) to cash?
You can instantly exchange your JasmyCoin (JASMY) for cash using KuCoin's Fast Trade feature. This feature enables you to convert JASMY to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.
Fear & Greed Index
Note: Data is for reference only.
Fear30
DECHAT
Estimated
-- USD
DECHAT/USDT1
$1.5500-9.60%