Binance Launchpad Announces Token Sale of Cartesi, a Startup Building an OS for DApps
Binance Launchpad––Binance’s token launch platform for transformative blockchain projects––has announced support for its second project of 2020, Cartesi––A Layer 2 Linux infrastructure for the development and deployment of decentralized applications (DApps). The Cartesi (CTSI) token sale on Binance Launchpad will begin on April 21, 2020, at 04:00 UTC, with a lottery-format ticket claim.
Cartesi aims to bring mainstream productivity to DApp developers and a compelling experience for DApp users. Cartesi enables developers to code their DApps to run under the Linux operating system, greatly reducing the development cost and complexity, and making them portable across-chains. These Linux DApps are scalable, allowing for intensive computations at a greatly reduced cost, while still guaranteeing consensus for the parties involved. By making developers vastly more productive and giving them access to unlimited computational resources, Cartesi paves the way for a new wave of innovation and widespread adoption.
The project team launched its first Cartesi-powered decentralized app, Creepts, in February 2020. The gaming DApp and its underlying blockchain technology allow this browser-based Tower Defense game to be cheat-resistant, with smart contracts deciding on the winners and disqualifying cheaters. Another area the project team focuses on is finance, as Cartesi technology is able to process large amounts of financial data with potentially complex financial algorithms.
"From day one, we have been working to design and establish an infrastructure for DApps that bridges the gap between the reality of blockchain applications and the reality of traditional mobile and desktop apps," said Erick de Moura, Co-Founder & CEO of Cartesi. "Cartesi brings the mature tools that have evolved for more than 30 years in the software industry into the hands of software developers and those using applications for blockchain. Not only will DApps be much more powerful and expressive, but the adoption of blockchain as a whole will also be made seamless with Cartesi."
“We are pleased to welcome Cartesi, an infrastructure project that presents its vision of solving scalability problems for the blockchain industry, which I believe is a key feature to unlock mass adoption,” said Binance CEO and Founder, CZ (Changpeng Zhao). “The opportunity to simply and efficiently deploy decentralized applications paves the way for the influx of new developers into the crypto industry, and Cartesi’s focus on gaming and finance is able to show the benefits of blockchain to users in the most widespread areas.”
Cartesi’s native token, CTSI, is essential for the operating system as it will be used for transaction fees. Additionally, Cartesi will offer staking features and block producers will be selected in proportion to their token balance.
Binance Launchpad continuously adjusts and improves its system to provide additional fundraising features on the blockchain in the best interest of its projects and community. In 2019, eleven projects hosted token launches on Binance Launchpad, reaching more than 100,000 users and raising over USD$56 million in funds collectively.
Learn more about Cartesi in Binance Research’s in-depth report: https://research.binance.com/projects/cartesi
Cartesi is the operating system for DApps. Complex and intensive computations run in a Linux environment, outside the blockchain, without compromising decentralization. Cartesi is making DApps significantly more powerful, cost-effective, and easier to develop. It is bringing mainstream productivity to developers and a better experience for DApp users. To learn more about Cartesi, visit: https://cartesi.io
About Binance Launchpad
Binance Launchpad is the exclusive token launch platform for entrepreneurs to bring the most transformative crypto projects to life, with the help of Binance users around the world. Projects accepted to launch on Binance Launchpad will have greater access to resources and support from across the Binance ecosystem.