What is CertiK (CTK)?Complete Cryptocurrency CTK
Description of What is CertiK (CTK)?Complete Cryptocurrency CTK
What is Certik? What makes this project stand out? What are the benefits of holding CTK tokens for users? Learn all about CertiK and CTK here.
What is CertiK?
CertiK or CertiK Chain, renamed Shentu, is a security blockchain platform built with the goal of raising the security standard of DApp and Blockchain . Investors know Certik as a company specializing in auditing the products of crypto projects.
In fact, the company CertiK also specializes in many other areas also related to crypto and blockchain.
Features of CertiK
The 4 main components that make up CertiK Chain include:
- CertiK Security Oracle: Solution to protect on-chain transactions and real-time attacks targeting cryptocurrency projects.
- CertiKOS: A multi-core secure operating system developed by CertiK that ensures programs run as intended.
- CertiK Virtual Machine: The CertiK Chain Virtual Machine (CVM) allows users to access, verify, combine smart contracts and secure information. In addition, CVM is fully compatible with the Ethereum Virtual Machine ( EVM ).
- DeepSEA: Virtual machine-compatible security programming language of CertiK Chain, Ethereum WebAssembly and AntChain.
In addition, CertiK also has a component that is not part of the core technology of CertiK Chain - Shentu Shield (formerly known as CertiKShield).
ShentuShield : A service that provides the return of lost, stolen or inaccessible crypto assets of any blockchain network due to security issues. Currently, this ShentuShield pool is holding more than 16 million USD, ready to protect users when there is a security risk.
Benefits of holding CertiK Token
CertiK (CTK) is the official native token of the Blockchain platform - CertiK Chain (renamed Shentu).
CTK token has 2 aspects of its intended use: 1) CertiK Chain and 2) CertiK Services.
CertiK Chain:
- Fees: CTK used to pay transaction fees and smart contract deployed on CertiK Chain.
- Staking: Nodes use CTK for staking to secure the network.
- Voting: CTK holders can propose and vote on improvement proposals of CertiK Chain.
CertiK Services:
- Payments: Use CTK to pay for Audits, Security Oracle and CertiKShield operating costs.
- Collateral Asset: CTK is used as collateral in CertiKShield.
- Voting Claim Proposals accepts or declines Shield Purchasers' refund claims.
Project team, investors, partners
Project team
CerrtiK was founded in 2018 by 2 professors from famous American universities. Their main major is Computer Science.
- Professor Zhong Shao has more than 25 years of experience at Yale University.
- Professor Ronghui Gu has nearly 5 years of teaching experience at Columbia University.
With an outstanding academic background, we can see that the two co-founders of CertiK are highly specialized.
Investors
Binance Labs was the first hedge fund to invest in CertiK in 2018 for an undisclosed amount. After the capital calls, CertiK was backed by big names like Coinbase, SoftBank, Goldman Sachs, and Sequoia.
CertiK raised capital through 2 rounds of private sale (time not specified) with a total capital raised up to 39.43 million USD. The audit firm then raised Series B and extended Series B, bringing the total number of raises to four. At the latest funding round, CertiK was valued at $2 billion.
The detailed data is as follows:
- Private sale 1: Selling 29,000,000 CTK at $0.77/CKT, earning $22.33 million.
- Private sale 2: Selling 9,000,000 CTK at $1.9/CKT, earning $17.1 million.
- Series B: CertiK successfully raised $290 million from well-known investment funds both in crypto and non-crypto.
- Series B+: CertiK calls for another 24 million USD in August 2022
Partner
CertiK's ecosystem is quite strong when there is support from huge partners in the industry such as Bitman, Huobi, OKEx...
Details about CertiK Token (CTK)
Key Metric CTK
- Ticker: CTK
- Blockchain: Shentu
- Consensus: Delegated Proof of Stake (DPoS)
- Token type: Native Token
- Avg.Block time: 6 seconds.
- Avg. Transaction Time: Updating..
- Total Supply: 100,000,000 CTK
- Initial Supply: 22,100,000 CTK
- Circulating Supply: 81,137,794 CTK (about 73% Total supply)
CTK Token Allocation
With a fixed total supply of 100 million tokens, CTK will be distributed by the CertiK Foundation with the following ratios:
- 1.5% raised capital through Binance Launchpool.
- 29% raised capital through the 1st private sale round.
- 9% sold in the second round of private sale.
- 10% is held by the CertiK development team.
- 25% belongs to CertiK Foundation.
- 17.5% as Community Pool budget.
- 8% do the CertiKShield Pool program.
CTK Token Release Schedule
The total CTK of CertiK's initial circulating token (Initial Cir.Supply) is 22,100,000 CTK (22.10%) of which:
- Binance Launchpool: 1,500,000 CTK
- Private Sale 1: 3,500,000 CTK
- Private Sale 2: 8,000,000 CTK
- Team: 2,500,000 CTK
- Foundation: 1,000,000 CTK
- Community Pool: 5,600,000 CTK
78,900,000 CTK, equivalent to 78.9% of the remaining tokens will be disbursed over time as shown below:
How to earn and own CTK Token
We can buy Shentu (CTK) on exchanges like Binance, Gate.io or Uniswap. Previously CTK was launched on Binance Launch pool.
Wallet and exchange CTK Token
Currently, CertiK (CTK) can be stored on the official wallet issued by the CertiK Foundation - DeepWallet.
Information channels of CertiK
- CertiK website: https://www.certik.com/
- Twitter CertiK: https://twitter.com/CertiK
- Shentu Website: https://www.shentu.technology/
- Twitter Shentu: https://twitter.com/ShentuChain
- Telegram: https://t.me/certikfoundation
summary
CertiK is divided into two including audit company CertiK and blockchain Shentu (formerly CertiK Chain). Since its establishment in 2018, many companies choose CertiK to audit products built on the blockchain platform. Therefore, CertiK is enjoying a high reputation in the crypto space.
