What is Casper Network (CSPR)? All about CSPR coin

The crypto market has experienced rapid expansion in 2021. One factor contributing to this surge is the development of blockchain technology.

In this article, we would like to introduce Casper Network known as the future-proof blockchain that cannot be ignored. We'll be covering the following topics:

• What is Casper Network? How does Casper Network work?
• CSPR Tokenomic: key metrics, token allocation, and token use-cases.
• How/Where to earn and store CSPR tokens?
• Roadmap & Updates.
• Team members, Investors, and Strategic Partners.

Let's explore the potential of Casper!

What is Casper Network?

The Casper Network is a Layer-1 Proof-of-Stake (PoS) blockchain that is built for real-world applications without sacrificing usability, decentralization, security, or scalability. On March 31, 2021, Casper Labs officially launched Casper’s mainnet.

The protocol is designed for enterprise adoption with focuses on flexible privacy permissions, low latency, and security. Casper allows enterprises to choose between public, permissions, and private network iterations depending on their confidentiality preferences without sacrificing security or performance.

This has attracted multiple enterprises and Web3 teams to develop partnerships with Casper.

How does Casper work?

CBC-Casper Proof of Stake: CBC Casper is a family of PoS consensus protocols, which has various potential advantages and will possibly be adopted by ETH 2.0 in the future. You can think of it as a blueprint for designing consensus protocols on pretty much any data structure you can imagine.

Enterprise Optimized: Businesses can choose to build private or permissions applications on the network. The network lowers technological obstacles, allowing more companies to incorporate blockchain technology into their business models.

Scalable: Another major benefit Casper provides users is scalability. Casper’s PoS architecture will enable sharding which provides networks with nearly unlimited storage capacity.

Future Proof: The Casper Network is also upgradable. Casper is developing a predictive gas futures market that would enable businesses to reserve gas ahead of time at predetermined costs, making it easier to plan for the future. In addition, WebAssembly support ensures non-crypto devs can onboard quickly.

Besides that, Casper developers ran power usage comparison data amongst systems in order to determine how much more energy-efficient the Casper Network is over alternative blockchains. They began by investigating the power usage of a single node in the Casper Network.

The Casper Network at 400 nodes is 47000% and 136000% more energy efficient when compared to Ethereum and Bitcoin respectively.

What is the CSPR Coin?

The Casper network's native token is CSPR. Casper relies on CSPR tokens to reward validators who participate in the PoS consensus mechanism in order to secure and maintain the network.

Detailed information about CSPR Coin

CSPR Key Metrics

• Name: CSPR Coin.
• Ticker: CSPR.
• Blockchain: Casper.
• Token Standard: Updating...
• Token Type: Utility.
• Validators: 100.
• Consensus Protocol: Casper Proof of Stake.
• Governance: On-chain.
• Block time: 65,536 ms.
• Total Supply: 10,000,000,000 CSPR.
• Circulating Supply: 2,375,516,390 CSPR.

CSPR Token Allocation

• Non-profit Casper Association: 20.3%.
• Validator Sale R1: 19.5%.
• Developer Incentives: 16%.
• Validators Sale R2: 10.2%.
• Coinlist Public Offering: 10%.
• Casper Labs Holding AG: 10%.
• Team: 8%.
• Advisors: 6%.

CSPR Token Release Schedule

CSPR will be released depending on the buy option when CSPR coin is offered for sale on CoinList.

• Option 1: 800M CSPR will be released in 6 months from March 28, 2022.
• Option 2: 400M CSPR will be released in 6 months from September 28, 2021.
• Option 3: 400M CSPR will be fully released 40 days from March 28, 2021.
• Option 4: 100M CSPR will be released in 6 months from April 28, 2022.

CSPR Token Sales

CSPR coin was first issued via an initial public token sale with three options through CoinList in March 2021 and Option 4 for Community Members Sale (whitelist).

CSPR Token Use Cases

Network & Transaction Fee: CSPR coins are also used to pay for transaction fees and compensate nodes for computational power and bandwidth.

Governance: Casper rewards validators by CSPR coins who process network transactions and approve blocks on the network.

How to get CSPR coin

You can get CSPR coin on around 20 exchanges, including Binance, Huobi, OKEx, BitMax/Ascendex, etc.

How to store CSPR coin 

You can store CSPR on the Coin98 Super App or the Coin98 Extension Wallet by following these steps::

Step 1: Open the application, at the homepage click the Wallet icon → Casper Wallet.

Step 2: Choose Receive.

Step 3: Click the icon to copy the wallet address or get the QR address and send your assets to this address.

CSPR Roadmap

In March 2021, the Casper Network team was focused on the public sale of CSPR tokens on CoinList and launched the mainnet.

In September 2021: The Casper Association is partnering with Gitcoin to create The Friendly Hackathon, which will support and reward developers looking to build innovative decentralized applications (dApps) on Casper. The hackathon will run from September 13th, 2021 to October 13th, 2021.

Casper's next steps will most likely be to concentrate on building ecosystems about DeFi, NFT, and GameFi. Besides that, Casper will concentrate on offering its products to technological companies in many regions in order to generate better network effects.

Team, Investors, and Partners

Team 

Casper Network is made up of a diverse group of former executives from major corporations such as Microsoft, Google, and Adobe.

Mrinal Manohar - CEO & Co-Founder of Casper Network: Mrinal is an early Ethereum investor who previously worked for huge corporations including Microsoft, Bain, and Bain Capital, as well as running a $1 billion hedge fund before collaborating to build the Casper Network.

Investors

Casper Network has a lot of big investors, with 40 million dollars after 3 rounds of funding.

Partners

Gitcoin: The Casper Association announced it is organizing the Casper Friendly Hackathon in partnership with Gitcoin from September 13th, 2021 to October 13th, 2021.

DEVxDAO: DEVxDAO promotes the development of the Casper network and the entire emerging technology field. CasperLabs and DEVxDAO are independent, ensuring DEVxDAO has the ability and freedom to provide grants to developers outside of the Casper ecosystem capable of advancing the entire field as Web3 grows.

SJM: CasperLabs & SJM Group Partner to Promote Web3 Adoption in the United Arab Emirates.

Is Casper (CSPR) a good investment?

Casper's clients are mostly huge corporations. These companies already have a big number of loyal clients. As a result, when Casper successfully distributes the project to each organization, massive network effects will be created.

Casper's ecosystem is at a fairly early stage. I predict that after the Hackathon is completed, Casper will have strategies to promote the ecosystem. However, it is necessary to monitor the performance to properly assess the potential of Casper in the future.

Similar Projects

By looking at similar projects, you can compare Casper’s product quality and the possibility of future price increase. Other projects that also provide similar Layer 1 Blockchain services as Casper Network include Near, Solana, Cosmos, Hedera Hashgraph, etc.

Conclusion

I just finished introducing the basic information about Casper Network. Do you believe the Casper Network is a good place to invest right now? Please leave a comment below to discuss Casper Network together.