Cartesi (CTSI) Token Sale via Binance Launchpad by xabi

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· @xabi ·
$0.05
Cartesi (CTSI) Token Sale via Binance Launchpad
[![EVebsuU4AURhXT.jpg](https://files.peakd.com/file/peakd-hive/xabi/guKUbd6h-EVebs-uU4AURhXT.jpg)](https://twitter.com/binance/status/1249638666315522049?s=20)
<div class="text-justify">Cartesi (CTSI) a ambitious project which is a front runner is in developing next generation decentralization ledger technology, is set to launch it's token sale using Binance Launchpad platform starting at 2020/04/14 00:00 AM (UTC).  Token Sale is going to follow a lottery system with hourly BNB snapshot of user wallets taking place for seven day between 2020/04/14 to 2020/04/21. </div>

Binance tweet reads:

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Introducing the <a href="https://twitter.com/cartesiproject?ref_src=twsrc%5Etfw">@cartesiproject</a> <a href="https://twitter.com/search?q=%24CTSI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$CTSI</a> Token Sale on <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a> Launchpad<br><br>Binance will record user <a href="https://twitter.com/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BNB</a> balances for 7 days from 2020/04/14 00:00 AM (UTC) to 2020/04/21 00:00 AM (UTC). <a href="https://t.co/O3vLwTznO2">https://t.co/O3vLwTznO2</a> <a href="https://t.co/hDj4KXXetS">pic.twitter.com/hDj4KXXetS</a></p>&mdash; Binance (@binance) <a href="https://twitter.com/binance/status/1249638666315522049?ref_src=twsrc%5Etfw">April 13, 2020</a></blockquote> 

<div class="text-justify">Total supply of Cartesi token will be 1 billion with Launchpad Hard Cap set to be 1,500,000 USD. 10% of the total token supply has been allocated to Binance Launchpad. There will be 7500 lottery ticket winners with each ticket worth 200 USD. Read full Binance announcement here.</div>

<div class="text-justify">Cartesi (CTSI) is a hybrid decentralised system that aims to develop decentralised apps with both on-chain and off-chain parts. The operating system works like a Linux kernel with one difference that it has two layers. The 2 layer system resolves the scalability issues. Conventionally Sharding and Delegated Proof of Stake proposals require extensive on chain resources. But Cartesi solution allows these two configurations to take place off-chain and then brought later on-chain. The off-chain transaction resolution save considerable on-chain computation power. </div>

<div class="text-justify">On paper Cartesi (CTSI) looks promising but only time will tell if it will be adopted. But being a Linux based operating system it certainly will draw attention from Linux lovers. </div>
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