What are CTSI and LRC?
Cartesi(CTSI), made in 2018, is a layer 2 solution that integrates the Linux OS and other programming entities into blockchain technology. It found its first application in 2019, followed by the launch of its first game dubbed Creepts.
The Cartesi founding team–Erick de Moura, Diego Nehab, Colin Steil, and Augosto Texeira–created Cartesi to enhance the development of Dapps by overcoming scalability, infrastructural and computational difficulties. Their native coin entered the market in April 2020, trading at $0.015, but now it trades at around $0.626055.
Loopring(LRC) is the native token of the Loopring platform, which enables the development of Dapps. LRC was made by the CEO and the founder of Loopring Foundation, Daniel Wang. His Foundation offered the first ICO for its native token in 2017, while the protocol became functional in Q4 2019. The ICO price of the coin was $0.06, and now it trades at $2.26.
Comparison between the Tokenomics of CTSI and LRC
CTSI has a maximum supply of 1 billion tokens. However, a quarter of the total supply is a reserve for its miners. The coin also has a series of locked accounts, which will activate with time. Below is the analysis of the distribution of this token:
- Foundation- 30.9%
- Corporate partnerships- 5%
- Marketing and community-5%
- Team 15%
- Private sale round 1- 10%
- Token sale-5%
- Mining Reserve 25%.
Loopring has token economics that is a little different from CTSI. It has a system that allows its ecosystem participants to get rewards for supporting it. Below is the breakdown of the initial distribution of this token.
- 80% To liquidity providers. This amount goes to the LPs on order books and AMM; however, 50% of these tokens must go to LRC related liquidity.
- 10% goes to insurers. The people eligible for this reward are the LRC insurance fund investors.
- 10% to Loopring DAO. The DAO manages these tokens. It has full rights to decide whether it will spend its value in burns and buybacks, loss protection grants, or other ways.
How to Trade CTSI and LRC Tokens
To trade CTSI and LRC, an investor has to have a crypto wallet and an exchange account. However, the investor must choose the supported exchanges. After logging into the exchange, the investor must deposit fiat currency and purchase either LRC or CTSI and withdraw it to their wallet.
The process of selling CTSI and LRC is the same as other cryptos. Transfer your coin holdings to the exchange site and sell them for fiat currency. Both coins also allow their users to stake; however, the rewards are different.
For Loopring, investors can invest their holdings in three different ways. However, only one is for an individual investor, and it offers a 70% earning of the LRC protocol fees. This method does not have a minimum LRC required for staking, but the holdings must stay there for 90days.
CTSI also allows for holders to stake their stash. You can either use their official sites and follow the instructions or use exchanges like Binance. Binance offers up to 65.25% APY for staking for 10, 30, 60, and 90 days.
What Is the Roadmap for CTSI and LRC Tokens?
Both CTSI and LRC have roadmaps to govern their developments and innovations; however, CTSI’s roadmap spans only to the end of 2021. Its parent company is yet to provide a new rollout of the plans.
The official website of LRC also lacks its roadmap. However, several of its achievements from launch to 2019 can be found on Messari.com. Instead of revealing its plans through a detailed map, LRC is using its blog news site to announce upcoming and past projects.
Which Coin Is More Likely To Attract New Investors between CTSI and LRC?
Both LRC and CTSI are great coins; however, LRC seems to have more active traders. Its holders have already made an average of 6 transactions each, while CTSI has an average of slightly above five transactions.
LRC has an interactive community spread around several social handles, including Medium, Twitter, Discord, Youtube, Weibo, Reddit, and Github, CTSI also harbours communities within Discord, Telegram, Twitter, and Github.
The two coins also have great trading options. However, the staking protocol of LRC seems easier to understand for any user. This feature may give them an upper hand, considering that many people do not know about cryptocurrencies. Additionally, it is also good to note that CTSI is only available for trading in 47 exchanges while LRC is available in 100.
It is evident that these coins are very similar since their parent companies are competitors, and their market data is interesting. However, LRC seems dominant in many sectors since it also entered the market earlier than its counterpart.
CTSI also has several advantages over LRC. It has a lower value which allows an investor to bag more coins. Its smaller market cap is also advantageous since it can create huge returns without dire scalability issues.
Cryptocurrencies are designed to increase their prices according to their increase in demand. This demand arises from the increased attraction of investors to a project. This attraction spikes from the ongoing updates and future upgrades of a project. Therefore, it’s best to keep looking into the news and developments regarding the two coins since either can completely outdo the other.