Monday, April 14th – Binance announced its latest Launchpad project, Cartesi’s CTSI. This follows their recent move in acquiring the largest crypto website, by traffic, coinmarketcap.com (CMC).
Cartesi is the Operating System for DApps. Complex and intensive computations run in a Linux environment, outside the blockchain, without compromising decentralization. Cartesi is making DApps significantly more powerful, cost-effective, and easier to develop. Binance will continue to use their lottery-format system, where Binance records Binance (BNB) balances, during a set period of time.
“We are pleased to welcome Cartesi, an infrastructure project that presents its vision of solving scalability problems for the blockchain industry, which I believe is a key feature to unlock mass adoption. The opportunity to simply and efficiently deploy decentralized applications paves the way for the influx of new developers into the crypto industry, and Cartesi’s focus on gaming and finance is able to show the benefits of blockchain to users in the most widespread areas.” – Binance CEO and Founder, CZ (Changpeng Zhao)
The CTSI Token sale
The total Cartesi token supply is 1 billion CTSI. The Launchpad Sale will be conducted in April 2020 for a total raise of 1,500,000 USD worth of BNB at 0.015 USD per CTSI token, selling 10.00% of total token supply. CTSI/BNB exchange rate will be determined prior to the date of sale. The full CTSI research report can be found here.
Binance IEO’s takeoff
Since launching in 2019, the Binance Launchpad has created a frenzy in the blockchain industry as IEO projects take off with a ready market and mentor in the field. One of India’s top projects, WazirX, a cryptocurrency exchange token launched on the exchange in January and has since been acquired by Binance.
Having launched some of the top altcoins including Matic, Elorand and Tron’s BitTorrent token, Binance’s latest IEO token is on a journey to new heights. Welcome, Cartesi!
For more details on Binance’s latest IEO, Visit: https://launchpad.binance.com/en/lottery/b135073088dd4ce7ae8c40a52a99628d
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