The $CESS token is set to list on Binance Alpha. It is a significant development of the project as it could become popular in the Web3 and AI data world.
The CESS network is a Layer 1 decentralised data network. It is developed with Web3, AI and DePIN use cases and supports mass-scale enterprise-grade use cases. It is a decentralized CDN network which has created a full stack architecture that supports the projects to develop easy to use and secure applications.
The exchange will list the token first. Traders on Binance Alpha will be able to claim airdrops with their Alpha Points when trading opens. The specific trading time will be announced on June 26, so traders should pay attention to the Alpha Events page.
Source: Binance Alpha
Crypto exchange Bitget has also confirmed that all $CESS pre-deposits have been distributed successfully to users' spot wallets. Bitget proceeded with care according to the instructions of the project to finalize this process. If any user has not received their tokens, they are welcome to contact the official support team at @CESS_Storage for assistance or alternative claiming procedures.
It will be listed on several other major platforms:
MEXC: On June 26, trading opens at 10:00 AM UTC
Gate.io: CESS/USDT pair will also go live on June 26 at 10:00 AM UTC.
KuCoin: It will be part of the KuCoin GemPool, allowing users to stake KCS, USDT, or additional rewards.
These multiple listings ensure that it will have wide exposure across the global crypto community.
Total Supply: 10 billion tokens.
Post Mainnet Launch: 3.5 billion tokens
Block Rewards: 6.5 billion tokens (which halve every 4 years)
Each year, rewards decrease by 15.9%, until year 31, when issuance becomes fixed.
Before the mainnet, tokens are issued on the BNB Smart Chain and can later be bridged to the mainnet version after launch.
Token Allocation
Source: CESS Network
Mining: 45%
Influencer: 5%
Team and Advisors: 12.5%
Ecosystem: 12%
Early Backer: 10%
Foundation: 10%
Market Development Liquidity: 5.5%
The actual price of the crypto can be tracked after the listing, yet some idea for the price can be extracted by comparing this token with the similar crypto. Mango (MGO) is also listed on Binance, Bitget, Gate.io, and MEXC. It has a similar total supply of 10 Billion.
The initial price for MGO was 0.029, thus it is estimated that the initial price for this token might fluctuate between 0.02 to 0.03. Although due to heavy selling the MGO token price has decreased to $0.01615 by 27% after the launch as per the CoinMarketCap.
Source: CoinMarketCap
It is not only another crypto project; it is establishing an infrastructure of decentralized information in artificial intelligence, Web3, and more. It is close to entering the global stage with its official listing in Binance Alpha, Bitget, and other leading exchanges. It will be eagerly observed by both the token holders and developers, as well as the enterprises, as the ambitious platform continues to expand.
Muskan Sharma is a crypto journalist with 2 years of experience in industry research, finance analysis, and content creation. Skilled in crafting insightful blogs, news articles, and SEO-optimized content. Passionate about delivering accurate, engaging, and timely insights into the evolving crypto landscape. As a crypto journalist at Coin Gabbar, I research and analyze market trends, write news articles, create SEO-optimized content, and deliver accurate, engaging insights on cryptocurrency developments, regulations, and emerging technologies.