What is the total circulation of Cartesi (CTSI) coins?

The total circulation of Cartesi (CTSI) coins, approximately 1.28 billion as of October 2023, is influenced by factors including initial token distribution, token releases, and potential token burns.

Dec 09, 2024 at 06:29 pm

What is the Total Circulation of Cartesi (CTSI) Coins?

Cartesi (CTSI) is a decentralized blockchain platform that utilizes optimistic roll-ups to address scalability issues faced by smart contracts. With Cartesi, developers can create complex and resource-intensive computations off-chain while maintaining the security and integrity provided by the blockchain. This approach allows for faster transaction processing and reduced transaction costs.

Total Circulation of CTSI Coins

The total circulation of Cartesi (CTSI) coins is an essential metric for understanding the token's supply dynamics and market capitalization. As of October 2023, the circulating supply of CTSI stands at approximately 1.28 billion coins, representing around 85% of the total token supply. The remaining coins are allocated for network rewards, team allocation, and ecosystem development.

Factors Influencing Total Circulation

The total circulation of CTSI is influenced by several factors:

• Initial Token Distribution (Genesis Circulating Supply): The initial distribution of CTSI coins during the token launch determines the initial circulating supply.
• Token Releases and Vesting: Over time, additional tokens may be released from vested pools or through network rewards, increasing the total circulation.
• Token Burns: Some projects implement mechanisms to burn tokens permanently remove them from circulation, reducing the total supply.

Implications of Total Circulation

The total circulation of a token has several implications:

• Market Capitalization: The total circulation, multiplied by the current price, determines the market capitalization of the token. A higher circulation generally leads to a lower individual token price.
• Coin Distribution: The distribution of coins among different stakeholders (e.g., holders, network participants, team) can impact the token's price dynamics.
• Liquidity: A higher circulating supply typically results in increased liquidity for the token, making it easier to buy and sell in the market.

CTSI Tokenomics

In addition to the total circulation, the following tokenomics features are relevant to CTSI:

• Initial Token Offering (ITO): Cartesi conducted an ITO in April 2021, distributing 10% of the total token supply to ITO participants.
• Network Rewards: CTSI is used as a network reward for validators who secure the Cartesi blockchain. Inflationary rewards are distributed to encourage participation in the network.
• Staking: CTSI holders can stake their tokens to participate in the network's consensus mechanism and earn additional CTSI rewards.

Conclusion

The total circulation of Cartesi (CTSI) coins is a crucial metric for assessing the token's overall supply and market dynamics. The circulating supply is influenced by various factors, such as the initial token distribution, token releases, and potential token burns. Understanding the tokenomics and implications of total circulation is essential for investors and market participants looking to evaluate the value and performance of Cartesi's CTSI token.