Cartesi - CTSI Economy Transparency Report #1

By Cartesi | Cartesi News & Updates | 21 Jul 2020


Preceding the next unlock of Cartesi (CTSI) Token, set for July 23rd, 2020, we’ll be delving into specifics about the Cartesi Foundation’s governance, operations and how CTSI tokens are allocated.

For the whole of 2020, there will be two official Cartesi Foundation releases, contributing to the 9.77% of the CTSI supply held and utilized since the completion of the Launchpad sale on Binance.

For transparency sake, anyone can view the current holdings of Cartesi Foundation wallet with the majority of holdings already allotted to market-making:



The Cartesi Foundation

The Cartesi foundation is the coalition of the co-founders, partners and influential members to deliver exceptional technical impact on bridging mainstream software with blockchain. Composed of leading scientific minds, thinkers, leaders and veterans, we remain at the forefront of a blockchain inter-connectivity revolution with the plethora of millions of open-source software products on Linux.

Foundation Objectives:

The Cartesi Foundation is an entity that is committed to bringing mainstream scalability and convenience to developers and users of decentralized applications.

Decentralization is the core goal of what we are building at Cartesi and it is put at the forefront of each decision we make in achieving our vision.

The Cartesi Foundation actively makes decisions required to put our technology at the forefront of blockchain adoption. The foundation is committed to achieving this vision and the continued development of its roadmap. As we gradually achieve and deploy the roadmap we’ve set out, the foundation will also become more decentralized along with the Cartesi Network.


The Current State of CTSI

Note: The information provided below is dynamic in nature and therefore, information presented may not reflect accurate estimations at the time of reading. The current circulating supply for CTSI remains below the Binance research report estimates, due to market making funds on Binance being decoupled from the figures reflected on Coinmarketcap. We’re actively working with all market-cap sites to reflect the accurate state of CTSI’s circulating supply.

Total Supply: 1,000,000,000

Current Circulating Supply: 170,241,667 CTSI
Current Undiluted Valuation (July 20th, 2020): $7,756,474

Total Diluted Valuation (July 20th, 2020): $45,353,015

Initial CTSI Public-Sale Price: $0.015
Current CTSI Price (July 20th, 2020): $0.045562


The Current CTSI Allocation Consists of:

As denoted previously, the 9.77% figure has been held by the Cartesi team. Accordingly, the allocation of that 9.77% of the Supply has gone to various endeavours, some of which are listed below.

  • Exchanges: 8,078,650.35 CTSI
  • Employment and Community Operations: 541,725 CTSI
  • Legal, Business Operations, and R&D: 5,794,629.30 CTSI
  • Partnerships: 12,500,000 CTSI
  • Marketing: 6,082,749.40 CTSI
  • Market Making: 64,735,578.95 CTSI

Total: 97,733,333 (9.7733%) CTSI


July 23rd, 2020 Unlock

In accordance with information that has been communicated previously, the very first Cartesi Foundation unlock will occur in the amount of 31,900,000 CTSI (3.19%) of the total supply on July 23rd, 2020.

There remains an exceptional quantity of future endeavors that will vastly shape Cartesi’s economy and development ecosystem as a whole.

Where does the funding go?

  • Research and development of Cartesi’s Technology
  • Marketing and community-based objectives
  • Legal Expenses
  • Development Grants

Internal governance consensus is reached by the Cartesi Foundation before devoting or expending CTSI to any event. The Cartesi team holds all its funds in crypto, stablecoins, and fiat. Funds are stored with cold storage multi-signature wallets and USD bank accounts. Moving or using funds requires the approval of at least 3 out of the 5 executives of Cartesi.

The Foundation reserve unlocks are vital for the development of Cartesi’s tech, bootstrapping its ecosystem, and for the operations of the Foundation itself.

No entity or token holder is more interested in the health of CTSI’s economy than the Foundation itself for its entire existence and longevity. The Foundation liquidates only the amounts deemed necessary, remaining careful not to disturb the secondary markets of CTSI.


Unlock Forecast for 2020

Each successive Cartesi foundation unlock will occur on a quarterly basis (every 3 months), occurring on the 23rd day of the new quarter. For the remainder of 2020, the Cartesi Foundation will conclude with one other acquisition of tokens in the amount of 31,900,000 CTSI (3.19%) on October 23rd, 2020. This combined with the July 23rd, 2020 unlock will consist of 6.38% of the total CTSI supply for the remainder of 2020.

These Cartesi Foundation tokens will bring the grand total to 16.15% CTSI supply unlocked for the Cartesi Foundation since the Binance Launchpad sale.

The token releases remain consistent with our current report valuations and are obtained upon each corresponding internal milestone achieved. The Cartesi Foundation constructed these unlocks to be steady while remaining relatively small and consistent; this is in contrast to the majority of other cryptocurrency and blockchain tokens and preceding Binance Launchpad cryptocurrencies.

In total, 40.22% of the total CTSI supply is reserved for the Cartesi foundation and will be fully vested by July 23rd, 2023.


Predicted Supply Curve


The following chart represents the number and breakdown of all CTSI tokens that are to be released into circulation on a monthly basis. Token inflation for staking rewards will be revealed in the future, which is yet to be finalized, and not presented in the following chart. Mining Reserve tokens will continue to be distributed after April 2024.

The current state of the CTSI distribution curve:

Binance Launchpad Sale tokens comprise 10.00% of the total token supply.

  • This has been 100% allocated

Seed Sale tokens comprise 2.00% of the total token supply.

  • First (0.29%) unlock will occur in April 2021.
  • Unlocks will occur on a quarterly basis thereafter

Private Sale tokens comprise 5.00% of the total token supply.

  • First (0.56%) unlock will occur in April 2021
  • Fully vested by April 2023

Strategic Sale tokens comprise 0.67% of the total token supply.

  • 0.17% has been allocated
  • Second (0.17%) unlock will be allocated in August 2020
  • Third (0.17%) unlock will be allocated in December 2020
  • Final (0.16) unlock will occur in April 2021

Team tokens comprise 15.00% of the total token supply.

  • First (2.14%) unlock will occur in April 2021
  • Unlocks will occur twice a year, in the amount of 2.14%

Advisors tokens comprise 2.11% of the total token supply.

  • First 0.71% Unlock will occur in April 2021
  • Unlocks will occur twice a year, in the amount of 0.71%

Foundation Reserve tokens comprise 40.22% of the total token supply.

  • 3.19% unlock quarterly until 2023

Mining Reserve tokens comprise 25.00% of the total token supply.

  • To be announced

Upcoming Next

The Cartesi Foundation, executive team and all employees remain committed to the success and health of Cartesi and business in 20+ strategic regions worldwide. The team’s priority objectives include continual growth and the prospects of being at the forefront of a new technological revolution.

In the next few weeks, we’ll be presenting information on the highly anticipated macro-economics and how a unique take on Proof of stake (PoS) will be utilized for the Cartesi Network and to further foster tender growth for the stability of CTSI markets.


Cartesi’s Ecosystem Links:







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