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What is the issuance and circulation of CTSI coins?
With a total supply of 1 billion CTSI coins, approximately 300 million are currently in circulation, utilized for transaction fees, staking, and governance within the Cartesi blockchain ecosystem.
Nov 24, 2024 at 03:28 am
What is the Issuance and Circulation of CTSI Coins?
Cartesi (CTSI) is a blockchain platform that provides developers with the tools and infrastructure to build decentralized applications (dApps) using mainstream programming languages and software development tools. CTSI coins are the native utility tokens of the Cartesi platform, used for a variety of purposes within the ecosystem, including:
- Transaction fees: CTSI is used to pay for transaction fees on the Cartesi network.
- Staking: CTSI holders can stake their tokens to participate in the network's consensus mechanism and earn rewards.
- Governance: CTSI holders have voting rights on proposals that impact the development and direction of the Cartesi platform.
Issuance of CTSI Coins
The total supply of CTSI coins is 1,000,000,000. The tokens were issued through a series of token sales, with the initial coin offering (ICO) taking place in April 2019. A total of 60% of the total supply was sold during the ICO, with the remaining 40% allocated to the Cartesi team, early investors, and the Cartesi Foundation.
Circulation of CTSI Coins
The circulating supply of CTSI coins is approximately 300,000,000. The remaining 700,000,000 tokens are held by the Cartesi team, early investors, and the Cartesi Foundation. The team has stated that they will release these tokens gradually over time to support the growth and adoption of the Cartesi platform.
Use Cases for CTSI Coins
CTSI coins are used for a variety of purposes within the Cartesi ecosystem, including:
- Transaction fees: CTSI is used to pay for transaction fees on the Cartesi network. The fee is determined by the size and complexity of the transaction.
- Staking: CTSI holders can stake their tokens to participate in the network's consensus mechanism and earn rewards. The rewards are distributed in CTSI tokens.
- Governance: CTSI holders have voting rights on proposals that impact the development and direction of the Cartesi platform. Proposals can be submitted by anyone, but only CTSI holders can vote on them.
Conclusion
CTSI coins are the native utility tokens of the Cartesi platform. They are used for a variety of purposes within the ecosystem, including transaction fees, staking, and governance. The total supply of CTSI coins is 1,000,000,000, with the circulating supply currently at approximately 300,000,000.
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