CTSI Foundation Reserve Transparency Report — July 2023
The final unlock of the foundation reserve and a new way forward for transparency reports.
Written By 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.
For transparency’s sake, anyone can view the current holdings and transactions of the CTSI wallets here:
The information provided below is dynamic in nature, and therefore, what is presented may not reflect accurate estimations at the time of reading.
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):
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?
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.
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.
Seed Sale tokens comprise 2.00% of the total token supply.
Private Sale tokens comprise 5.00% of the total token supply.
Strategic Sale tokens comprise 0.67% of the total token supply.
Initial Team tokens comprise 15.00% of the total token supply.
Advisors tokens comprise 2.11% of the total token supply.
Foundation Reserve tokens comprise 40.22% of the total token supply.
Mining Reserve tokens comprise 25.00% of the total token supply.
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