CTSI Foundation Reserve Transparency Report — July 2023

Transparency/Jul 15, 2023/Cartesi Foundation

The final unlock of the CTSI foundation reserve is set for July 23rd, 2023.

We’re pleased to provide another official transparency report on operations, and how CTSI tokens are allocated in succession to the previous transparency reports.

As this will conclude unlocks of the foundation reserve, community members can expect a new form of foundation transparency reports moving forward that is more closely adapted to Cartesi’s blossoming decentralized ecosystem. These new reports will be released on a different schedule, with the first anticipated for publication nearer to the turn of the calendar year.

The Current State of CTSI

For transparency’s sake, anyone can view the current holdings and transactions of the CTSI wallets here:

1) 0x4B0B3C9506d5008FcCfb458361E06d28d4d3BCAD

2) 0x60247492F1538Ed4520e61aE41ca2A8447592Ff5

The information provided below is dynamic in nature, and therefore, what is presented may not reflect accurate estimations at the time of reading.

The Current CTSI Allocation:

Prior to this unlock, 40.06% out of the total reserved 40.22% has already been unlocked and held by the Cartesi Foundation.

The foundation’s reserve tokens have gone to a variety of important endeavors as previously outlined, all of which are summarized below (as of July 3, 2023):

Currently Held in Wallets or Exchanges: 57,835,825.60 CTSI
Community Operations: 2,851,271.10 CTSI
Ecosystem Collaborations: 87,465,866.83 CTSI
Legal, Operations, Grants, and Research & Development: 205,726,613.38 CTSI
Marketing: 14,384,797.60 CTSI
Staking: 40,060,370.71 CTSI

July 23, 2023 Final Foundation Reserve Unlock

The upcoming final Foundation Reserve unlock will occur in the amount of 1,538,336.00 CTSI on July 23rd, 2023. In total, 40.22% of the total CTSI supply was reserved for the Cartesi Foundation and will now be fully unlocked.

Where does the funding go?

Continued research and development of the Cartesi project
Marketing and community-based objectives
Operations and legal expenses
Cartesi Community Grant Program

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 Cartesi infrastructure, bootstrapping its ecosystem, and for the operations of the foundation itself.

Supply Curve

As a reminder, the below information represents the number and breakdown of all CTSI tokens that are to be released into circulation on a monthly basis. Implementation of token inflation and possible deflation for staking rewards are all under active consideration by Cartesi contributors and will be the product of community governance. While nothing has been finalized, Cartesi contributors have released the following CTSI Macroeconomy article for consideration.

CTSI will have no need for inflation until the mine reserve is completely depleted, which will happen no earlier than 2026.

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.

This has been 100% allocated.

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

This has been 100% allocated.

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

This has been 100% allocated.

Initial Team tokens comprise 15.00% of the total token supply.

10.71% of the 15.00% has already been allocated through five previous unlocks.
Two unlocks remain.
The next unlock will occur on October 23, 2023 in the amount of 21,428,572 CTSI.
The last unlock will occur on April 23, 2024 in the amount of 21,428,573 CTSI.

Advisors tokens comprise 2.11% of the total token supply.