CTSI (Cartesi Token) Introduction

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

The genesis supply of the CTSI tokens is 1,000,000,000.

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.

 

III. Related Links

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 Global Mobile Crypto Trading APP

Click here to download for iOS or Android

Find us on

Twitterhttps://twitter.com/HuobiGlobal

Facebookhttps://www.facebook.com/huobiglobalofficial/

Instagramhttps://www.instagram.com/huobiglobalofficial/

Reddithttps://www.reddit.com/r/HuobiGlobal/

Mediumhttps://huobiglobal.medium.com/

Telegramhttps://t.me/huobiglobalofficial|https://t.me/huobiofficial

Huobi Global reserves the right in its sole discretion to amend, revise or cancel this announcement at any time and for any reasons without prior notice.