Cartesi (CTSI) a ambitious project which is a front runner is in developing next generation decentralization ledger technology, is set to launch it's token sale using Binance Launchpad platform starting at 2020/04/14 00:00 AM (UTC). Token Sale is going to follow a lottery system with hourly BNB snapshot of user wallets taking place for seven day between 2020/04/14 to 2020/04/21.
Binance tweet reads:
Introducing the @cartesiproject $CTSI Token Sale on #Binance Launchpad
— Binance (
Binance will record user $BNB balances for 7 days from 2020/04/14 00:00 AM (UTC) to 2020/04/21 00:00 AM (UTC). https://t.co/O3vLwTznO2 pic.twitter.com/hDj4KXXetS) April 13, 2020
Total supply of Cartesi token will be 1 billion with Launchpad Hard Cap set to be 1,500,000 USD. 10% of the total token supply has been allocated to Binance Launchpad. There will be 7500 lottery ticket winners with each ticket worth 200 USD. Read full Binance announcement here.
Cartesi (CTSI) is a hybrid decentralised system that aims to develop decentralised apps with both on-chain and off-chain parts. The operating system works like a Linux kernel with one difference that it has two layers. The 2 layer system resolves the scalability issues. Conventionally Sharding and Delegated Proof of Stake proposals require extensive on chain resources. But Cartesi solution allows these two configurations to take place off-chain and then brought later on-chain. The off-chain transaction resolution save considerable on-chain computation power.
On paper Cartesi (CTSI) looks promising but only time will tell if it will be adopted. But being a Linux based operating system it certainly will draw attention from Linux lovers.