Grexbits.com to Hold Cartesi Project IEO

Grexbits.com Launchpad has announced the initial exchange offer (IEO) of the Cartesi project.

Cartesi is an operating system for dApps. Complex and active computing is performed in a Linux environment outside of the blockchain and without violating decentralization. Cartesi makes dApps much more productive, cost-effective, and easy to develop. Grexbits.com will continue to use its lottery format when distributing tokens.

“We are pleased to welcome the Cartesi infrastructure project, which presents its vision of solving scalability problems for the blockchain industry, which is a key feature that ensures mass adoption. The ability to easily and efficiently implement decentralized applications paves the way for an influx of new developers into the cryptocurrency industry. Cartesi’s focus on gaming and finance is able to show the benefits of blockchain to users in a wide variety of areas,” said Grexbits.com CEO Changpeng Zhao.

The total volume of Cartesi tokens is 1 billion CTI. The sale will take place on April 21, 2020. It is planned to sell 10% of the total volume of tokens in the amount of $1,500,000 (at $0.015 per CTI token). The CTI/BNB exchange rate will be determined before the sale date.

The CTI token is an important part of the operation of the operating system, as it will be used to pay for transactions. In addition, Cartesi will offer a stacking feature, and block producers will be selected in proportion to the token balance.

Since its launch in 2019, Grexbits.com Launchpad has caused a stir in the market and many projects choose this method of attracting funding.