What is the issuance and circulation of Shentu (CTK) coins?

The Shentu platform uses the CTK token for its decentralized data storage, paying for storage space and other services like data retrieval and analytics.

Dec 15, 2024 at 02:14 pm

The Issuance and Circulation of Shentu (CTK) Coins

Shentu (CTK) is a blockchain-based platform for decentralized data storage and management. The platform is designed to provide a secure and efficient way for users to store and share data without relying on centralized intermediaries. CTK is the native token of the Shentu platform and is used to pay for storage and other services on the network.

Coin Issuance

The Shentu platform has a maximum supply of 1 billion CTK tokens. Of this total, 50% was issued during the platform's initial coin offering (ICO) in 2018. The remaining 50% of tokens are held by the Shentu team and will be released gradually over time.

The ICO was conducted in two phases. In the first phase, 25% of the total tokens were sold for $0.05 per token. In the second phase, the remaining 25% of tokens were sold for $0.10 per token. The ICO raised a total of $50 million.

Coin Circulation

The CTK token is currently available for trading on a number of cryptocurrency exchanges, including Binance, Huobi, and OKEx. The token is also used to pay for storage and other services on the Shentu platform.

As of June 2023, there are approximately 500 million CTK tokens in circulation. This represents approximately half of the total supply of tokens. The circulating supply is expected to increase gradually over time as the Shentu platform continues to grow.

Token Use Cases

The CTK token has a number of different use cases within the Shentu ecosystem, including:

• Paying for storage: CTK tokens are used to pay for storage space on the Shentu platform. The cost of storage is determined by the size of the file and the length of time that the file is stored.
• Paying for other services: CTK tokens can also be used to pay for other services on the Shentu platform, such as data retrieval, data sharing, and data analytics.
• Staking: CTK tokens can be staked to earn rewards. Staking is a process of locking up your tokens for a certain period of time in order to earn interest.

The Future of CTK

The future of the CTK token is bright. The Shentu platform is a promising project with a strong team and a solid roadmap. As the platform continues to grow, the demand for CTK tokens is likely to increase.

Overall, the Shentu platform is a well-designed and executed project with a strong team and a clear vision for the future. The CTK token is a valuable asset that is likely to play an important role in the future of decentralized data storage.