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View ChartCherry Network (CHER) is a Decentralized Autonomous Organization (DAO) developing a layer one blockchain network optimized for data operations. The project positions itself as a purpose-specific infrastructure for decentralized applications that handle data, describing its offering as "the first truly trustless file system" and "a trustless data store for smart contracts." Built on the Substrate framework, Cherry Network is designed to sustain the data needs of Web3 by combining a Nominated Proof-of-Stake consensus mechanism with node-level integration of the InterPlanetary File System (IPFS). The network is open-source and rallies a diverse global community around a shared vision for decentralized file storage solutions.
The CHER token serves as the fuel for network operations. It has a total supply of 600,000,000 CHER, and the project has decided not to place a limit on its maximum supply, meaning new tokens are issued with each mined block. Cherry Network was founded in 2020 and launched in 2021. CoinDesk records a launch date of July 20, 2021, while CoinMarketCap lists the project's registry launch date as 2021-12-26 and its listing date as 2021-12-28. The project is structured as a DAO with a commitment to on-chain governance.
Token allocation per CryptoRank includes strategic partnerships at 15%, founders and team at 7.5%, and community incentives at 7.5%. Initial FDMC was $21,600,000 and initial market cap was $4,877,439.
According to Chain Broker, the project raised a total of $3.56M across seed, private and public rounds, with round prices ranging from $0.024 to $0.036 and the public round fully unlocked at launch.
Per Chain Broker, team tokens have a 6-month cliff with 4.17% monthly vesting, advisors a 4-month cliff with 8.33% monthly, and the foundation unlocks 1.64% monthly (about 3.93M CHER per month in late 2026).
Cherry Network was founded in 2020, according to a LinkedIn company profile. The project's founders set off to build a truly decentralized file storage blockchain network and subsequently enlisted a team to support the effort. The project was founded in 2020 according to a LinkedIn company profile. Private-round backers listed by Chain Broker include Protocol Ventures, Shima Capital and Dutch Crypto Investors.
Cherry Network operates as a layer one blockchain built on Substrate, a framework that enables the creation of purpose-specific infrastructure tailored for decentralized applications managing data. The network implements a Nominated Proof-of-Stake consensus mechanism and is committed to on-chain governance. It employs state-of-the-art cryptographic standards, including zkSNARKs, which provide second-layer scalability solutions. A defining technical feature is its node-level integration with the InterPlanetary File System (IPFS), enabling the Cherry Virtual Machine to natively interact with an indexed, queryable data storage and referencing facility. This native node-to-IPFS communication mechanism allows smart contracts to interact with an updated state of data in runtime. These advanced features come prebuilt in the core and are accessible on other blockchains through Cherry's interoperability channels, allowing decentralized applications built on Cherry or other renowned decentralized networks to leverage Cherry's features to augment their dApps. Most of the complexities of building integrated Web3 applications handling data are abstracted away to the core, allowing smart contract developers to rely on a rich base layer toolkit.
Cherry Network distinguishes itself through its commitment to on-chain governance and its adoption of a Nominated Proof-of-Stake consensus mechanism. Its node-level integration with IPFS and the resulting native node-to-IPFS communication mechanism represent a novel approach that allows smart contracts to interact with an updated state of data in runtime. The network is described as the first truly trustless file system and a trustless data store for smart contracts. By providing a peer-to-peer network of nodes that operate and maintain the database collectively with advanced security mechanisms, Cherry Network aims to pave the way for Web 3.0 applications, bridging them with the capabilities of decentralized storage. The project's interoperability channels extend its advanced features to other blockchains, enhancing accessibility and functionality across the digital landscape. The Cherry Virtual Machine allows native interfacing with indexed queryable data storage and referencing facility, further differentiating the platform.
The Cherry Network Token functions as the firepower behind a broad gamut of operations. Its primary uses include voting rights, transactional usage, protocol governance actions, and serving as fuel for network operations. Token holders can vote for modifications, enhancements, and a host of other changes on the network, reflecting the project's DAO structure and commitment to on-chain governance. CHER is usable within the Cherry Network for a range of transactions, acquisitions, and micro-transactions, making the day-to-day use of digital currencies feasible. CHER is a BEP20 token on BNB Smart Chain; its contract address is 0x8f36cc333f55b09bb71091409a3d7ade399e3b1c. Like all crypto assets, CHER's price is subject to significant market volatility; CoinLore notes very low reported trading volume, which may limit order execution at current market prices.
Cherry Network serves as a purpose-specific infrastructure for decentralized applications handling data, with decentralized applications built on Cherry or many of the most renowned decentralized networks able to leverage Cherry's features to augment their dApps. The network is paving the way for Web 3.0 applications, bridging them with the capabilities of decentralized storage. According to Cherry_Network on X, strengthening the Cherry infrastructure by expanding with more technical partners is instrumental to Cherry's continued progress. The project has held live AMAs, including sessions on July 19, 2023, and February 7, 2024, where it reiterated its positioning as the first truly trustless file system and a decentralized layer-one blockchain purpose-built to sustain the data needs of Web3. The ecosystem is supported by a diverse global community with a shared vision for decentralized file storage solutions.
Cherry Network does not use traditional proof-of-work mining. Instead, the network operates on a Nominated Proof-of-Stake consensus mechanism, where a peer-to-peer network of nodes operates and maintains the database collectively. With each new block that is mined, a changing amount of CHER tokens is issued, and there is no maximum supply cap. Token holders participate in securing the network through staking and governance. The CHER token functions as the fuel for these operations, and holders can vote on protocol governance actions. CHER is issued as a block reward with each new block, and there is no maximum supply cap; holders participate in securing the network through staking and on-chain governance voting.
CHER is a BEP20 token on BNB Smart Chain, so it can be held in wallets that support BEP20 assets, including hardware and self-custody software wallets; verify wallet compatibility before transferring. You can also store your Cherry Network in the custodial wallet of a cryptocurrency exchange without having to worry about managing your private keys. Other ways to store your CHER include using a self-custody wallet on a web browser, mobile device, or desktop, a hardware wallet, a third-party crypto custody service, or a paper wallet. When using self-custody solutions, always safeguard your private keys and recovery phrases, and verify wallet compatibility before transferring assets.
CHER can be purchased through a general two-step process. First, acquire USDT on an exchange available in your region. Second, use spot trading on a platform that lists CHER to exchange your USDT for CHER. According to CoinLore, one active crypto exchange currently supports CHER trading, with the LATOKEN CHER/USDT pair being the top-ranked market by reported volume. TradingView lists the CHERUSD symbol as Delisted, and CoinLore notes very low reported trading volume, which may limit order execution at current market prices. To trade on LATOKEN, sign up on the platform, sign in, and click "Buy Crypto." A buy box will appear where you can use a Card, SWIFT Bank, or P2P trading to purchase cryptocurrency. For the quickest purchase, choose the card option and select the coin you want to buy; if CHER is not in the list, select USDT. After choosing your payment partner, review your details and click "Buy Now." Funds typically appear in your LATOKEN wallet within 5-10 minutes. Once your transaction is complete, click Exchange, search for CHER, click on the market, enter the amount you want to exchange or use the percentage buttons, and click buy. Minimum deposit requirements vary by platform. Direct fiat pairs are not available, so users must use stablecoin USDT. CHER may also be available for swapping via Crypto.com Onchain and on Picnic.
Investing in CHER involves significant risks. The token's price is subject to high volatility, and historical data shows a sustained multi-year decline. Regulatory policies regarding cryptocurrencies may change and affect the project's operations. Technical risks, including smart contract vulnerabilities and network issues, are inherent to blockchain projects. This information is for general purposes only and should not be considered as investment advice.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for CHER are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of Cherry Network (CHER) is $0.000077. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated CHER to USD rate at the top of BTCC’s price page. In terms of market scope, Cherry Network records a 24h trading volume of $0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $19.336881K. Its current circulating supply stands at -- out of a maximum supply cap of ∞.
The price volatility of Cherry Network (CHER) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (--) to max supply (∞), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Cherry Network (CHER) hit an all-time high (ATH) of $0.50764 on 2022-01-01 10:00, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.000066 on 2026-04-21 02:45. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading CHER futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($0), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s CHERUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Cherry Network, simply log into your BTCC account with USDT margin available, navigate to the CHERUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for CHERUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.000077), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for CHERUSDT with zero financial risk.
Trading Cherry Network (CHER) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for CHERUSDT, and review its live price ($0.000077) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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