The Countdown to CTSI’s Reserve Mining — Announcing Pre-Staking with Coinone

2 min readNov 25, 2020

November 25, 2020 — Cartesi is extremely excited to announce their brand new mining website going live.

In December, the first phase of Cartesi’s side-chain Proof of Stake system that will bootstrap Noether will be on the Ethereum Mainnet.

In celebration of this event, Cartesi is happy to present a partnership with Coinone, who will be immediately supporting pre-staking and later Mainnet staking of CTSI for all registered users. Korean users can also enjoy the benefit of Coinone’s direct CTSI/KRW pair. In the future, Cartesi will be expanding support to other exchanges and as soon as their delegation system is ready, they will enable easy access to staking for all users of CTSI.

Learn more: https://medium.com/cartesi/the...

Pre-Staking with Coinone

From now until the Mainnet launch, Coinone will be providing users with the ability to easily pre-stake their CTSI in anticipation of the launch.

Details: Pre-Stake CTSI on Coinone in preparation for our CTSI Reserve Mining Mainnet launch. Coinone will be providing 30%+ in pre-staking rewards for their users during the campaign duration.

Pre-Staking Start Date: November 25, 2020 3:00PM KST
Pre-Staking End Date: December 25, 2020 12:00AM KST

CTSI Mining on Mainnet

In order to prepare for the Mainnet launch, users can review our CTSI Reserve Mining — How it Works article to get familiar with the Proof of Stake and reward system.

Rewards: For the first 6 months, early adopters of Mainnet staking will have the chance to initially earn 2,900 CTSI per block. After 6 months 25 million CTSI will be distributed to blocks following an exponential decay.

All rewards distributed come from an initial batch of 50 million CTSI, leaving the mining reserve with an outstanding balance of 200 million CTSI that will be released later to the Proof of Stake system. See more details about the mine reserve distribution here.

What is it about CTSI Reserve Mining that makes it special?

Miners get a reward of 2,900 CTSI per block claimed. On average, each block is created every 30 minutes
Users’ funds are safe while held on the staking contract, duly audited by SlowMist
No slashing and no risks to the principal due to node malfunction or unavailability
Rewards distributed directly to the user’s wallet, eliminating extra ETH transaction fees
No lock-ups. Staked CTSI can be recovered in a few minutes from the system