How many cspr coins are issued?

Cosmos Protocol (ATOM) and CSPr coin are both cryptocurrencies of the Cosmos ecosystem. ATOM operates under Proof of Stake, powering the ecosystem, and the CSPr coin supports the operation of ATOM. The circulation quantity of CSPr coins is 100,000,000.

CSPR coin circulation: 10 billion

Detailed description:

CSPR coin is the native token of the Casper network, a proof-of-stake (PoS) blockchain. Its circulation is 10 billion, of which:

• Initial circulation: 4 billion, allocated to the Casper Labs team, investors and early supporters.
• Reward: 6 billion, allocated to validators participating in Casper network verification as mining rewards.

Distribution mechanism:

The issuance of CSPR coins is distributed in the following ways:

• Casper Labs team: 22.5%
• Seed round investors: 15.0%
• Private equity round investors: 20.0%
• Public Sale: 30.0%
• Validator Incentive: 60.0%

Usage:

CSPR coins have multiple uses within the Casper network, including:

• Pay transaction fees: Users need to pay CSPR coins as a fee for transactions on the network.
• Staking: Verifiers need to pledge CSPR coins to verify transactions and obtain mining rewards.
• Governance: CSPR coin holders can vote on network governance and upgrade proposals.
• Ecosystem Development: CSPR coins are used to support application and project development on the Casper network.

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