According to TechFlow, CharacterX, a new generation of decentralized AI social application, announced on July 24 that it will allocate 8% of CAI tokens to users participating in the airdrop season, with 1% and 2% of tokens allocated to the pre-season and the first season respectively. The CXT points obtained by early users can be used to mint NFTs on the chain and participate in future staking activities. CAI tokens will be used in AI character creation, AI asset trading, developer staking, AI asset upgrades and community governance. CharacterX stated that it will regularly repurchase and destroy CAI tokens based on market conditions and profitability to stabilize and increase token prices.

In addition, CharacterX also detailed its token system, including CXC (platform internal virtual currency), CXT (preseason points) and CAI (regular season points).

As of June 2024, CharacterX has more than 7 million registered users. As one of the projects supported by the Stanford Blockchain Accelerator, CharacterX also won the top three places in the Solana Hackathon earlier this year and successfully completed its seed round of financing.

CharacterX launched the Telegram Mini App in mid-July. Users can collect points on the Telegram Mini App and the app through various methods (such as Tap To Earn) and participate in subsequent airdrop activities.