Cherry AI, a Telegram-based infrastructure provider for Web3 communities, on Wednesday announced the upcoming launch of its native token, CHERRY, scheduled for Aug. 14.
The platform, which claims over 15 million users and integration across more than 200,000 Telegram (CRYPTO: TON) groups, operates a network of bots that assist crypto projects with trading, community management, and user engagement.
Its infrastructure is reportedly used by around 110,000 Web3 communities.
According to the company, Cherry AI has generated $5 million in on-chain revenue since late 2024, with reported monthly growth of 65%.
A portion of this revenue is allocated for token …