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Who issued the Shentu (CTK) coin?
The Shentu (CTK) coin, a cryptocurrency powering the Shentu decentralized smart contract platform, was issued by the Shentu Foundation in July 2018.
Dec 15, 2024 at 10:39 am
Who Issued the Shentu (CTK) Coin?
The Shentu (CTK) coin was issued by the Shentu Foundation, a non-profit organization established by a team of experienced blockchain developers and entrepreneurs in July 2018.
ICO Details:
- Token name: Shentu (CTK)
- ICO start date: November 15, 2018
- ICO end date: December 15, 2018
- Token price: 1 CTK = $0.05 USD
- Total tokens issued: 10 billion CTK
The Shentu Project:
Shentu is a decentralized smart contract platform that enables the creation and deployment of blockchain-powered applications. It offers a user-friendly interface, a high-performance virtual machine, and a suite of developer tools to facilitate the development of scalable and secure decentralized applications.
CTK Token Utility:
The CTK token is the native cryptocurrency of the Shentu platform. It serves several functions within the ecosystem, including:
- Transaction fees: CTK is used to pay transaction fees on the Shentu network.
- Staking: CTK holders can stake their tokens to earn rewards and participate in the governance of the platform.
- Governance: CTK holders have the right to vote on proposals that shape the future of the Shentu project.
Market Performance:
Since its launch in 2018, the CTK token has experienced significant market volatility. Its price has fluctuated between $0.01 and $0.10 USD. However, the token has shown resilience and has maintained a strong community of supporters.
Conclusion:
The Shentu (CTK) coin is a versatile and valuable asset within the Shentu ecosystem. It powers the operation of the platform, provides incentives for participation, and gives holders a voice in the governance process. The Shentu project has ambitious goals to shape the future of blockchain technology, and the CTK token is poised to play a crucial role in its success.
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