CESS token is now live for trading across major platforms like Binance Alpha, KuCoin, Bitget, and others from 10:00 UTC today.
The token is currently issued on BNB Smart Chain and will later migrate 1:1 to its native form after the mainnet launch.
A total of 10 billion CESS tokens exist, with 45% allocated to long-term mining incentives and 3.5 billion in initial circulation.
The native token of the CESS Network has officially entered the trading market, beginning with listings on multiple centralized exchanges. According to the CESS team, Binance Alpha is the first to offer the token, with trading expected to start later today. Other platforms, including KuCoin, Bitget, MEXC, and Gate.io, will enable CESS trading from 10:00 UTC.
Binance Alpha users eligible for the platform’s event rewards can redeem Alpha Points for an allocation of CESS tokens. The exact allocation and trading time have not yet been disclosed. Details surrounding the airdrop mechanisms and token distribution will be shared once the trading is live.
CESS Issued as BEP-20 Ahead of Mainnet
Currently, the CESS token is issued on the BNB Smart Chain using the BEP-20 standard. This temporary issuance comes ahead of the project’s mainnet launch, which is scheduled in the coming months. Once live, the CESS team will support a 1:1 swap of the BEP-20 token for the native version through an official cross-chain bridge.
Following the recent token generation event, CESS Network confirmed a total supply of 10 billion tokens. The initial circulating supply stands at 3.5 billion. The tokenomics framework designates 45% of the total supply for mining rewards. These incentives are meant for decentralized storage node operators and follow a halving model every four years.
Allocations Target Network Growth and Incentives
Further allocations include 15.5% set aside for the project’s treasury and foundation. Twelve and a half percent is earmarked for the core team and advisors with long-term vesting in place. Another 12% supports ecosystem and community initiatives, while 10% is allocated to investors. 5% is reserved for marketing efforts.
CESS Network functions as a decentralized cloud infrastructure built on Substrate. It is tailored for data availability and decentralized physical infrastructure network (DePIN) use cases. Its focus spans across Web3, artificial intelligence, and decentralized science. The CESS token enables storage fee payments, staking, and governance participation within the network.
In December 2023, CESS secured $8 million in a Series A funding round led by DWF Labs and other major investors. The funds are directed toward infrastructure expansion, mainnet readiness, and integration across data-intensive platforms.
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