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Cartesi ($CTSI) Has Staked 125 Million $CTSI Tokens

www.altcoinbuzz.io 01 November 2021 08:40, UTC
Reading time: ~3 m

Popular multi-chain layer two platform, Cartesi, has recently recorded several essential updates in the latest weeks. In this article, we will make a summary.

1. Cartesi Noether’s Staking Delegation

Cartesi ($CTSI) has recently announced the launch of its Noether’s Staking Delegation. The mainnet launch closely follows months of beta testing, bug fixes, and constant development. Also, several critical developmental updates were put in place to ensure that the staking delegation mainnet platform is secure.

Another great milestone for the #Cartesi community – we've reached over 132M $CTSI staked!

With Noether's fully decentralized system, there are no risks to your CTSI. Easily move to another pool whenever you want! Check out how to stake here: https://t.co/NqITJsf7r2 pic.twitter.com/HsTHnkexr4

— Cartesi (@cartesiproject) October 30, 2021

On the other hand, Cartesi is focused on ensuring that users’ assets are protected from all forms of risks. To achieve this, the staking delegation mainnet went through three strategic test phases.

  • First, Cartesi carried out an internal audit of the staking delegation platform. The internal audit was carried out by Cartesi advisors.
  • Next, two external auditing companies carried out a second audit, namely; CertiK and ImmuneFI. Also, ImmuneFi has revealed plans to launch a bug bounty program soon.
  • Lastly is the beta testing phase. During this phase, Cartesi worked with Everstake, HashQuark, and Blockscope. These three staking partners launched and managed pools with a maximum limit of 3.6M CTSI.

You can find a step-by-step guide on how to stake $CTSI in a pool here.

2. CTSI Integrates With AnySwap

Another major update of the Cartesi ecosystem is its strategic integration with AnySwap. Now users can easily swap $CTSI tokens with $CTSI bridges.

According to reports, Cartesi has linked bridges with Ethereum, Binance Smart Chain (BSC), Polygon, AVAX, etc.

Fantastic news for the #Cartesi community – we're now integrated with @AnyswapNetwork!

Easily swap $CTSI between any of our current bridges, from @ethereum to $BSC, $MATIC, $AVAX. Learn more and check out how to swap: https://t.co/PElAnCdZYP

— Cartesi (@cartesiproject) October 25, 2021

AnySwap, on the other hand, is known for bridging assets between layer one and layer two platforms. It is also a cross-chain swap and a truly decentralized platform.

3. Binance Now Supports $CTSI Staking

Users can now earn 65.25% APY for staking CTSI tokens on Binance. Therefore, $CTSI stakers will also have to share USD 80,000 worth of $CTSI rewards. This announcement is in synchronized with Cartesi’s Noether’s staking delegation mainnet launch announcement. According to the official blog post, $CTSI Staking on Binance is significant for the Cartesi ecosystem.

We're making $CTSI more accessible every day! CTSI is now available on the @Binance Convert & OTC Portal – enabling easy swapping and larger OTC-size trades!

Learn more: https://t.co/fNxutlzZ7x

— Cartesi (@cartesiproject) October 25, 2021

Now interested persons can easily stake their $CTSI tokens on Binance to earn rewards. Stakers will also help to secure the Cartesi Noether PoS network. Find out more about CTSI listing on Binance here.

$CTSI Price

When writing this article, $CTSI was trading at $0.7675 with a market cap of USD 365.7 and a 24-hour trading volume of USD 53.7. The token Price was up by 3.9% in the last 24 hours.

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