Cartesi

As the next unlock of CTSI is set for July 23rd, 2022, we’re pleased to provide another official transparency report on The Blockchain OS’ governance, operations, and how CTSI tokens are allocated in succession to our <a href="https://medium.com/cartesi/tagged/transparency" rel="noopener noreferrer nofollow">previous transparency reports.</a>
As a reminder and for transparency’s sake, anyone can view the current holdings and transactions of the Cartesi Foundation wallets here:
​​1)<a href="https://etherscan.io/address/0x4B0B3C9506d5008FcCfb458361E06d28d4d3BCAD" rel="noopener noreferrer nofollow"> 0x4B0B3C9506d5008FcCfb458361E06d28d4d3BCAD</a>
2)<a href="https://etherscan.io/address/0x60247492F1538Ed4520e61aE41ca2A8447592Ff5" rel="noopener noreferrer nofollow"> 0x60247492F1538Ed4520e61aE41ca2A8447592Ff5</a>
<h2 id="header-0">The Current State of CTSI</h2>
<blockquote>
 The information provided below is dynamic in nature, and therefore, what is presented may not reflect accurate estimations at the time of reading.
</blockquote>
The information below is taken as of July 11, 2022. For up-to-date information, please reference the CTSI page on <a href="https://coinmarketcap.com/currencies/cartesi/" rel="noopener noreferrer nofollow">Coinmarketcap</a> or <a href="https://www.coingecko.com/en/coins/cartesi" rel="noopener noreferrer nofollow">Coingecko</a>.
Total Supply: 1,000,000,000 CTSICurrent Circulating Supply (July 11, 2022):Current Undiluted Market Cap (July 11, 2022): $83,324,544 CTSITotal Diluted Market Cap (July 11, 2022): $145,711,619 USCurrent CTSI Price (July 11, 2022): $0.146 US
<h2 id="header-1">The Current CTSI Allocation:</h2>
Prior to this unlock, 33.45% of the total supply has already been unlocked and held by the Cartesi Foundation. In addition, as a part of this figure and as a result of the CTSI launch on Binance Launchpad, the Cartesi Foundation received the other half of its security deposit back in the amount of 16,666,666.5 CTSI.
The foundation reserve tokens have gone to a variety of important endeavors as previously outlined, all of which are summarized below (as of July 11, 2022):
<ul>
 <li>Held in Wallets or Exchanges: 31,808,766.42 CTSI</li>
 <li>Exchange Listings or Activities: 7,455,815.83 CTSI</li>
 <li>Community Operations: 1,826,309.10 CTSI</li>
 <li>Legal, Business Operations, and R&amp;D: 104,184,271.90</li>
 <li>Partnerships: 50,000,000.00</li>
 <li>Marketing: 13,813,814.33 CTSI</li>
 <li>Market Making: 91,569,353.42 CTSI</li>
 <li>Staking: 33,800,001 CTSI</li>
</ul>
Total: 334,458,332 (33.45%) CTSI
*The above figures now include the returned security deposit and original budgets from Binance Launchpad in the amount of 40,000,000 CTSI.
<h2 id="header-2">July 23, 2022, Foundation Reserve Unlock</h2>
The upcoming CTSI Foundation Reserve unlock will occur in the amount of 21,538,333 CTSI (2.15%) of the total supply on July 23rd, 2022.
Where does the funding go?
<ul>
 <li>Continued research and development of The Blockchain OS</li>
 <li>Marketing and community-based objectives</li>
 <li>Business operations and legal expenses</li>
 <li><a href="https://cartesi.io/en/labs" rel="noopener noreferrer nofollow">Cartesi Labs’ grants</a></li>
</ul>
Internal governance consensus is reached by the Cartesi foundation before devoting or expending CTSI to any event. The foundation reserve unlocks are vital for the development of The Blockchain OS, 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.
In total, 40.22% of the total CTSI supply is reserved for The Blockchain OS and will be fully unlocked by July 23rd, 2023.
<h2 id="header-3">Supply Curve</h2>
As aThe reminder, 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 and possible deflation for staking rewards will be revealed in the future, which is yet to be finalized, and not presented in the following chart, however, we have released the <a href="https://medium.com/cartesi/the-ctsi-macroeconomy-ea60a35ab2f3" rel="noopener noreferrer nofollow">CTSI Macroeconomy article</a> for further reading in the meantime. CTSI will have no inflation until the mine reserve is completely depleted, which will happen no earlier than 2025.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/e5701a4c41a048d399bf36e2e2a1db20.png">
 The current state of the CTSI distribution curve:
Binance Launchpad Sale tokens comprise 10.00% of the total token supply.
<ul>
 <li>This has been 100% allocated.</li>
</ul>
Seed Sale tokens comprise 2.00% of the total token supply.
<ul>
 <li>1.55% of the 2.00% has already been allocated through five previous unlocks.</li>
 <li>The next unlock will occur on July 23, 2022, in the amount of 2,857,143 CTSI.</li>
 <li>There is one remaining unlock and Seed Sale will be fully unlocked on October 23, 2022.</li>
</ul>
Private Sale tokens comprise 5.00% of the total token supply.
<ul>
 <li>2.78% of the 5.00% has already been allocated through five previous unlocks.</li>
 <li>The next unlock will occur on July 23, 2022, in the amount of 5,555,556 CTSI.</li>
 <li>Unlocks will keep occurring on a quarterly basis thereafter and be fully unlocked on April 23, 2023.</li>
</ul>
Strategic Sale tokens comprise 0.67% of the total token supply.
<ul>
 <li>This has been 100% allocated.</li>
</ul>
Team tokens comprise 15.00% of the total token supply.
<ul>
 <li>6.43% of the 15.00% has already been allocated through two previous unlocks.</li>
 <li>The next unlock will occur on October 23, 2022 in the amount of 21,428,572 CTSI.</li>
 <li>Unlocks occur twice a year and will be fully unlocked on April 23, 2024.</li>
</ul>
Advisors tokens comprise 2.11% of the total token supply.
<ul>
 <li>This has been 100% allocated.</li>
</ul>
Foundation Reserve tokens comprise 40.22% of the total token supply.
<ul>
 <li>33.45% out of 40.22% has already been allocated (not including the unlock on July 23, 2022).</li>
</ul>
Mining Reserve tokens comprise 25.00% of the total token supply.
<ul>
 <li><a href="https://medium.com/cartesi/ctsi-reserve-mining-transparency-report-december-2020-7607c36d57e6" rel="noopener noreferrer nofollow">Please see the Mine Reserve transparency report</a></li>
</ul>
<h2 id="header-4">About the Cartesi Foundation and The Blockchain OS</h2>
<a href="https://cartesi.io/en/about" rel="noopener noreferrer nofollow">The Cartesi Foundation</a> is a non-profit organization dedicated to supporting the Cartesi technology and the decentralization of the Cartesi network. The Foundation’s mission is to be a supporting member of the Cartesi community, alongside the many devoted contributors and participants that give Cartesi life, through funding, education, grants, strategic alliances, and other focused activities. The Foundation is committed to supporting the development of the first operating system (OS) for blockchains; bringing mainstream scalability and convenience to developers and users of decentralized applications.
With a decentralized OS, not one company controls the features, upgrades, and rules. Everyone can have a say. When it comes to proposing new features, gathering community feedback, and documenting design decisions, the Cartesi Foundation intends to use a <a href="https://github.com/cartesi/cips" rel="noopener noreferrer nofollow">Cartesi Improvement Proposal (CIP</a>). It is a formalized design document for the Cartesi community. It gives information or describes a new feature for the Cartesi network, its processes, or the ecosystem in a concise and technically sufficient way for the Cartesi community to understand.
This CIP process allows mainstream developers the flexibility to help shape the OS they want to use, i.e. “If there’s a feature you need, propose it to the community and let’s build it together”.
About Cartesi
<a href="https://cartesi.io/en/blockchain-os" rel="noopener noreferrer nofollow">The Blockchain OS</a> is a decentralized layer-2 infrastructure that supports Linux and mainstream software components. For the first time, developers can code scalable smart contracts with rich software tools, libraries, and the services they’re used to, bridging the gap between mainstream software and blockchain.
Cartesi is enabling millions of new startups and their developers to use The Blockchain OS and bring Linux applications on board. With a groundbreaking virtual machine, optimistic rollups, and side-chains, Cartesi paves the way for developers of all kinds, to build the next generation of blockchain apps.
Welcome to The Blockchain OS, home to what’s next.
Follow Cartesi across official channels:
<a href="https://t.me/cartesiannouncements" rel="noopener noreferrer nofollow">Telegram Announcements</a> | <a href="https://t.me/cartesiproject" rel="noopener noreferrer nofollow">Telegram</a> | <a href="https://discordapp.com/invite/Pt2NrnS" rel="noopener noreferrer nofollow">Discord (Development Community)</a>| <a href="https://www.reddit.com/r/cartesi/" rel="noopener noreferrer nofollow">Reddit</a> | <a href="https://twitter.com/cartesiproject" rel="noopener noreferrer nofollow">Twitter</a> | <a href="https://www.facebook.com/cartesiproject/" rel="noopener noreferrer nofollow">Facebook</a> | <a href="https://www.instagram.com/cartesiproject/" rel="noopener noreferrer nofollow">Instagram</a> | <a href="https://www.youtube.com/c/Cartesiproject/videos" rel="noopener noreferrer nofollow">Youtube</a> | <a href="https://github.com/cartesi" rel="noopener noreferrer nofollow">Github</a> | <a href="https://github.com/cartesi/cips/discussions" rel="noopener noreferrer nofollow">Cartesi Improvement Proposal (CIP)</a> | <a href="https://cartesi.io/" rel="noopener noreferrer nofollow">Website</a>

CTSI Foundation Reserve Transparency Report — July 2022

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