Cartesi (CTSI) Price

CTSI

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Before trading any crypto asset, it is important to understand the risks. This overview summarizes certain risks associated with this asset. No securities regulatory authority has issued an opinion regarding this asset, including an opinion that it is not itself a security and/or derivative.

Investors in Canada are reminded that no securities regulatory authority or regulator in Canada has assessed or endorsed any Crypto Contract or Crypto Asset made available through the Uphold Platform.

Token Description & Project Background

Cartesi is a L2 platform for the development of smart contracts and dApps.

It allows developers to code scalable smart contracts with tools and services they are more likely to be familiar with in a bid to bridge the gap between mainstream software and blockchain.

As a layer-2 solution, transactions on the Cartesi network are processed at scale by the Cartesi Machine, a virtual machine (akin to Ethereum’s EVM) that works to execute computations in an off-chain environment.

Cartesi also claims to be blockchain-agnostic - the platform can be integrated with any independent network.

CTSI serves as the network’s native utility token and allows users to pay for transactions, and earn rewards for engaging and securing the network through staking. 

Cartesi was co-founded by Erick de Moura (CEO), Colin Steil (COO), Diego Nehab (CTO) & Augusto Teixeira (CSO) in 2018. 

Risks of CTSI

Like an investment in other crypto assets, there are some general risks to investing in CTSI. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in CTSI is subject to the following specific risks:

  • The Layer-2 space faces significant competition, with many projects claiming to offer the cheapest and most efficient scaling solutions. Any potential success associated with the CTSI token is dependent on Cartesi’s rate of adoption by projects and developers.

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with CTSI. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The CTSI community and Cartesi team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of CTSI have no recourse to the CTSI community, the Cartesi team, or Uphold if CTSI declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing CTSI on the Uphold Platform, Uphold performed due diligence on CTSI and determined that CTSI is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

  • The creation, governance, usage, and design of CTSI, including ensuring the source code being open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
  • The supply, demand, maturity, utility, and liquidity of CTSI.
  • Marketing materials put forward by the CTSI social team including, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
  • Material technical risks associated with CTSI, including any code defects, security breaches and other threats concerning CTSI and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
  • Legal and regulatory risks associated with CTSI, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of CTSI. 

General

Uphold has prepared this Crypto Asset Statement based on publicly available information. Although Uphold has taken steps to obtain information from apparently reliable sources, information contained in this Crypto Asset Statement may be inaccurate, incomplete or out-of-date. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.

Uphold users should read the Risks Specific To Holding Digital Assets statement for additional discussion of general risks associated with crypto assets made available through the Uphold platform.  

Canadian residents, please note that Uphold has filed an application for registration in certain Canadian jurisdictions but has not yet obtained registration. Until such time as Uphold obtains registration, Uphold has agreed to abide by the terms of an undertaking available at the following link. Please also review the Uphold Canada – Crypto Risk Statement for additional discussion of general risks associated with the crypto assets made available through Uphold Platform. Please be aware that statutory rights of action for damages or rescission in section 130.1 of the Securities Act (Ontario) and, if applicable, similar statutory rights under securities legislation in the other provinces and territories of Canada do not apply in respect of this Crypto Asset Statement or other disclosures on the Uphold website and Risks Specific To Holding Digital Assets statement. 

Last updated on June 21, 2023.

How to buy Cartesi (CTSI)

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Here’s how fast it is to get started:

1. Go to Uphold.com and click sign up.

2. Enter your email address and personal details. 

3. Click the link we send you and create a password

… and you’re off to the races!

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