Cartesi, an operating system for decentralized applications (dApps), is on the move to achieve their set goal of bringing mainstream productivity to dApp developers and compelling experience for DApp users.
The project announced today they will be launching a token sale on Binance launchpad with the aim to raise funds of up to $1.5M worth of BNB. The IEO is scheduled to take place on April 21, 2020, via the usual Binance lottery-format ticket claim.
The price of the token sale will be $0.015 per Cartesi (CTSI) token. 10.00% of the total token supply (100,000,000 CTSI) has been allocated to the IEO. Upon completion of the token sale, a direct listing on the Binance trading platform will follow on April 23.
Cartesi OS for dapps
Cartesi provides an enabling environment for developers to code their DApps to run under the Linux operating system, thereby significantly reducing the development cost and complexity, and making them portable across chains. The platform promises developer enhanced productivity by giving them access to unlimited computational resources.
The team behind the project launched its first dapp called Creepts back in February 2020. Creepts is a browser-based Tower defense game that is cheat-resistant, thanks to its underlying blockchain technology.
Aside from powering gaming dapps, the Cartesi project also focuses on finance as the technology is able to process large amounts of financial data with potentially complex financial algorithms.
Explaining the goal of the project, Erick de Moura, the Co-Founder & CEO of Cartesi was quoted saying:
From day one, we have been working on designing and establishing an infrastructure for DApps that bridges the gap between the reality of blockchain applications and the reality of traditional mobile and desktop apps.
Binance helping projects to raise funds
Since Binance unveiled its launchpad last year, the exchange has been adjusting and improving its system. The company said it continues to provide additional fundraising features for the best interests of IEO projects and members of the community.
So far, the exchange has organized token sale for 17 blockchain projects with Cartesi being the 18th on the list.
Speaking on the latest development, Binance founder and CEO Changpeng Zhao (CZ) shared his enthusiasm about the Cartesi project, saying:
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.