CTSI (Cartesi) Project Analysis
1. Research Insights
1-1. Cartesi is a specific application Rollup execution layer with a Linux runtime. Cartesi Rollup can be deployed as a second layer (on top of Ethereum), third layer (on top of Optimism, Arbitrum, zkEVM, etc.), or sovereign Rollup. It opens up design space for more expressive and computationally intensive blockchain applications.
1-2. In Cartesi's ecosystem, DApps do not compete for scarce block space; Cartesi provides several times more computational capacity than Ethereum or L2; developers can write decentralized logic using their preferred libraries, compilers, and other time-tested open-source components; DApps retain the robust security guarantees and censorship resistance of the underlying blockchain; Cartesi Rollups open up design space for more expressive and computationally intensive blockchain applications.
2. Recent Breakouts
Layer2 + Binance IEO concept, as a project invested by Binance Labs, already listed on Coinbase, currently with a relatively low market value but significant growth potential.
3. Project Introduction
Cartesi is a decentralized application operating system that provides off-chain computation services with a Linux environment without compromising security or decentralization. Cartesi aims to establish a more powerful, developer-friendly, economical, and universal platform, providing developers with familiar and easy-to-use development tools and better user experiences for the masses.
4. Token Functions
4-1. Equity: Validating nodes are required to stake a certain amount of CTSI. Malicious attackers may face economic penalties.
4-2. Community Voting: Community staking of CTSI for node voting increases the probability of nodes receiving rewards.
4-3. Rewards: Block-producing nodes adding information to the ledger receive CTSI block rewards and fees.
4-4. Fees: Users need to pay transaction CTSI as fees to validators when initiating transactions on the Cartesi network.
4-5. Dispute Resolution: When disputes arise between participants of a DApp, the challenging party needs to deposit collateral assets to initiate litigation. If the challenged party wants to defend themselves, they also need to deposit assets of equal value. The winning party receives the opponent's collateral assets.
5. Tokenomics
5-1. Total supply of CTSI tokens: 1,000,000,000 (one billion tokens). The distribution is as follows:
Foundation: 40.22%, Mining Reserve: 25%
Team: 15%, Public Round: 10%
Private Round: 5%, Seed Round: 2%
Strategic Round: 0.67%, Advisors: 2.11%
5-2. Fundraising Information (Fundraising Prices)
Seed Round: 1 CTSI = $0.005, selling 2% of the total token supply;
Private Round: 1 CTSI = $0.010, selling 5% of the total token supply;
Public Round: 1 CTSI = $0.015, selling 10% of the total token supply;
Strategic Round: 1 CTSI = $0.030, selling 0.67% of the total token supply.
6. Project Highlights
6-1. The components of the blockchain operating system consist of a virtual machine, optimistic rollups, and sidechains. They provide the following features: Scalability: Cartesi provides over 10,000 times improvement in blockchain computational scalability.
6-2. Precision: The blockchain operating system allows for more complex decentralized applications that are not possible at Layer 1.
6-3. Familiarity: The blockchain operating system supports the use of mainstream languages and tools such as C++, Python, and SQLite.
6-4. Security: Cartesi provides traditional application security guarantees at the same level as the underlying blockchain.
6-5. Multi-chain and Portable: Currently supports all EVM chains: Ethereum, Binance Smart Chain, Avalanche, Polygon, etc.
6-6. Privacy Protection: From games that hide data from players to enterprise applications running on sensitive data, the blockchain operating system can protect the privacy of your applications.
7. Investment Institutions
The project raised a total of $2.3 million, with major funding from Binance Lab and FBG Capital. Institutional funding was $800,000. In April 2020, it raised $1.5 million on Binance Launchpad at an IEO price of $0.015.
8. Community
Twitter has 88,000 followers, Discord has 4,905 members, and Telegram has 8,707 chat members.
9. Special Economic Model
None.
10. Future Outlook
10-1. As Cartesi adopts a proof-of-stake consensus mechanism, the demand for CTSI tokens should increase as more dApps are added to the ecosystem. Although indeed 1 billion tokens is a large supply, most of them are reserved for mining rewards and support the foundation and future growth of the Cartesi project.
10-2. The superiority of the CTSI project lies in its ability to allow decentralized applications to run directly on the Linux operating system, freeing users from the limitations of the blockchain main chain's computing capacity and the need to pay expensive on-chain transaction fees. Performing complex processing off-chain, free from the restrictions of blockchain computing power and fees, is very popular with users.
Basic Information
Project Introduction:
Cartesi - the blockchain operating system is a decentralized Layer 2 infrastructure that supports Linux and mainstream software components. For the first time, developers can write scalable smart contracts using rich software tools, libraries, and services they are accustomed to, bridging the gap between mainstream software and blockchain.
Full Name of Coin: Cartesi
Token Name: CTSI
Project Website: https://cartesi.io/
Project Documentation: https://docs.cartesi.io/
Block Explorer: https://etherscan.io/token/0x491604c0fdf08347dd1fa4ee062a822a5dd06b5d
Liquidity Inquiry:
https://etherscan.io/address/0x01949723055a451229c7ba3a817937c966748f76
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2024/3/1