What is CTSI Token?

The CTSI token is the native utility token of the Cartesi platform. It has a variety of features in the Cartesi ecosystem to support and enhance the operation of decentralized applications (dApps).

How does CTSI work

CTSI tokens can be staked in the Cartesi network, which means locking the tokens to participate in the network's consensus mechanism to protect network security. Stakers are rewarded with additional CTSI tokens for contributing to network security and operation. This mechanism not only incentivizes participation but also ensures the platform's decentralization.

In the Cartesi ecosystem, CTSI tokens are used to pay transaction fees for executing smart contracts or transferring assets, serving as the exchange medium for these transactions.

In addition, CTSI tokens are used to access Cartesi's off-chain computing services. Developers and users can perform complex calculations with Cartesi Machine and pay for them. This is especially important for decentralized applications (dApps) that require a lot of processing power, as these applications often require more computing power than is feasible on-chain.

In terms of governance, CTSI token holders have the voting rights in the Cartesi ecosystem, and can participate in the decision-making process of protocol upgrades, improvements and other important issues, to ensure that the community has a say in the future development direction of the platform.

Finally, developers and users can contribute to the Cartesi ecosystem by building and deploying dApps, participating in network security, or community activities, and they can receive CTSI token rewards, which further drives the ecosystem's flourishing.

Token history and ICO

The CTSI token debuted on the market in April 2020 through an Initial Coin Offering (ICO). CTSI tokens purchased by early investors are used to fund network development and provide liquidity. Since then, CTSI has been listed on several cryptocurrency exchanges and is currently actively trading.

Within the Cartesi ecosystem, CTSI has several essential functions:

1. Access to Services:Users need to interact with Cartesi's services using CTSI, for example, to perform off-chain computations or initiate transactions in dApps.
2. Security & Consensus:By staking CTSI, users help protect the network and ensure the integrity of the operation.
3. Economic Incentives:CTSI is used to incentivize various activities in the Cartesi ecosystem, thus promoting its growth and development.

Highlights

• Staking and Network Security: Users can stake CTSI to participate in network consensus and earn additional token rewards by protecting network security.
• Transaction Fee: CTSI serves as the transaction fee within the ecosystem, facilitating smart contract execution and asset transfers.
• Compute service access: CTSI grants users access to Cartesi's off-chain computing resources, which is particularly important for dApps that require significant processing power.
• Governance Participation: CTSI holders have voting rights and can influence major protocol upgrades and decisions within the ecosystem.
• Contribution Incentives: Developers and users who contribute to the development and security of the Cartesi platform can receive CTSI rewards, thereby promoting active participation in the ecosystem.