I. Cartesi Introduction
1. What is Cartesi?
Cartesi is a layer-2 infrastructure for blockchains that allows developers to code highly scalable smart contracts with mainstream software stacks on a Linux VM. It intends to build a powerful, economical and universal platform, providing developers with familiar and easy-to-use development tools, and better user experience for the public.
2. What problems does Cartesi solve?
1) Offer developers the software and tools supported by a full Linux OS;
2) Move off-chain all the heavy computation over large amounts of knowledge , that blockchains cannot do;
3) Offer services and a behavior therapy that permits users to securely believe the network and remain free from inconveniences of blockchain tech (e.g. slow confirmation times, the need to stay online to resolve disputes, and others).
3. How to solve the above problems?
DApp users can reach an off-chain consensus with the Cartesi network. If someone is trying to cheat the system, any one of the participants can see that there is a wrong computation; they can arbitrate on the chain, confirm and punish the dishonest participant.
The impact of this verification process on the main chain is negligible. In addition, Cartesi’s decentralization is user friendly as it does not require all participants of the DApp to be online at the same time like other layer 2 solutions.
II.Token Information
1. Initial Offering Rounds
Seed Sale: 1 CTSI = $0.005; 2% of the total supply
Private Sale: 1 CTSI = $0.010; 5% of the total supply
Public Sale: 1 CTSI = $ 0.015; 10% of the total supply
Strategic Sale: 1 CTSI = $0.030; 0.67% of the total supply
2. Token Distribution
Foundation
Reserve |
40.22% |
Mining
Reserve |
25% |
Team |
15% |
Launchpad
Sale |
10% |
Private
Sale |
5% |
Seed
Sale |
2% |
Strategic
Sale |
0.67% |
Advisors |
2.11% |
3. CTSI Use Cases
CTSI is a utility token of the Cartesi network:
1) Equity: The verification nodes are required to pledge a certain amount of CTSI. Malicious attackers may face financial penalties.
2) Community Vote: The community pledges CTSI to vote for nodes, which will increase nodes’ probability of getting rewards .
3) Rewards: Block generators receive CTSI mine rewards and fees paid by parties adding data to the ledger.
4) Fees: Users can use the CTSI token to pay fees on the network when initiating transactions.
5) When DApp participants have disputes with each other, the challenger needs to deposit CTSI assets to initiate a lawsuit. If the challenged party wants to defend itself, it also needs to deposit assets of the same value. The winning party will get the mortgaged assets of the other party.
4. Unlock of Cartesi (CTSI) Token
38.01% of the tokens has been unlocked.
Seed
Sale |
2%;
0.286% of the 2% was unlocked for the first time on April 23, 2021; unlocks
will occur on a quarterly basis thereafter. |
Private
Sale |
5%;
0.555% of the 5% was unlocked for the first time on April 23, 2021; unlocks
will occur on a quarterly basis thereafter. |
Strategic
Sale |
0.67%;
Completed |
Launchpad
Sale |
10%;
Completed |
Mining
Reserve |
25%;
1.25% of the 25% has been unlocked since January 2021 |
Team |
15%;
2.143% was unlocked for the first time on April 23, 2021; unlocks will occur
twice a year thereafter and be fully unlocked on April 23, 2024. |
Foundation
Reserve |
40.22%;
2.15% of the 40.22% was unlocked for the first time on April 23, 2021, and
will be unlocked every 3 months thereafter. |
Advisors |
2.11%;
0.705% of the 2.11% was unlocked for the first time on April 23, 2021, and
unlocks will occur twice a year thereafter. |
Note: The
project introduction comes from the materials published or provided by the
official project team, which is for reference only and does not constitute
investment advice. Some of the content may be out of date, error, or omission.
Huobi does not take responsibility for any resulting direct or indirect losses.
Trade on the go with Huobi App (iOS/Android)
Find us on
Twitter: https://twitter.com/HuobiGlobal
Facebook: https://www.facebook.com/huobiglobalofficial/
Instagram: https://www.instagram.com/huobiglobalofficial/
Reddit: https://www.reddit.com/r/HuobiGlobal/
Medium: https://huobiglobal.medium.com/
Telegram:
https://t.me/huobiglobalofficial
Huobi reserves
the right in its sole discretion to amend, revise or cancel this announcement
at any time and for any reasons without prior notice. The above is for
information purposes only and Huobi makes no recommendations or
guarantees in respect of any digital asset, product, or promotion on Huobi
Global. Prices of digital assets are highly volatile and trading digital assets
is risky. Please read our Risk
Remindertext here.