OpenChat users can send messages to each other containing tokens such as ICP. Users can upgrade to Diamond membership to have access to extra or enhanced features.

OpenChat is a chat application running end-to-end on the Internet Computer blockchain.

CHAT tokenholders own and govern the protocol.

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OpenChat

# OpenChat Price Methodology

## 1. Overview

The OpenChat price metric provides daily token price data for the OpenChat protocol token. This metric aggregates external market data to track the USD value of OpenChat tokens over time, serving as a foundational data point for calculating other financial metrics like market capitalization, fully diluted valuation, and price-based ratios. The calculation relies on established cryptocurrency market data providers to ensure accurate and reliable pricing information.

## 2. Data sources

The calculation uses the following raw data sources:
- **External price feeds**: End-of-day token price data from CoinGecko API for the OpenChat token
- **Market data**: Trading volume, market capitalization, and price change metrics from cryptocurrency exchanges
- **Historical price data**: Complete price history maintained through external market data providers

## 3. Step-by-step calculation

### Component A: Price data retrieval
- **Purpose**: Fetches current and historical OpenChat token price data from external market sources
- **Logic**: Connects to CoinGecko API using the OpenChat token identifier to retrieve comprehensive price and market data. Extracts daily price points, trading volumes, market capitalization values, and percentage change calculations. Ensures data completeness by pulling both current and historical price information to maintain a continuous time series
- **Key fields**: Daily token price in USD (`price`), trading volume (`volume`), market cap (`market_cap`), price change percentages (`price_change_24h`)

### Final aggregation
- **Combining components**: Single data source from CoinGecko API provides all required price metrics
- **Currency conversion**: Prices are already denominated in USD from the external data source
- **Time aggregation**: Daily price points are maintained at end-of-day granularity to align with standard financial reporting practices
- **Final calculation**: Raw price data is standardized through Token Terminal's metric formatting system, applying consistent data types, adding metadata fields for the OpenChat protocol identifier, and implementing a fill-zeros strategy to handle any missing data points in the time series

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Current USD value of a project's governance or native token.

OpenChatCHAT

Price

Price

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