The CESS token, which is the native asset of the CESS Network, is debuting today on several major centralized exchanges, including Binance Alpha.
Exchange Support for CESS
Binance Alpha is one of the first platforms to support the listing of the CESS token. Trading for CESS tokens is expected to commence later today. Specifically, users on Binance Alpha will be able to redeem Alpha Points for CESS tokens once trading goes live. Other major exchanges, such as KuCoin, Bitget, Gate.io, and MEXC, are also preparing to start trading CESS tokens at 10:00 UTC.
Token Parameters and Purpose
The CESS token is issued on the BNB Smart Chain under the BEP-20 standard. The total supply of the token is capped at 10 billion, with 3.5 billion tokens entering circulation initially. 45% of the total supply is dedicated to incentivizing storage node operators. The CESS token serves multiple purposes within the network, including covering data storage fees and enabling governance participation.
Capabilities of CESS Network
Built on the Substrate framework, the CESS Network is a high-performance Layer-1 blockchain focused on decentralized physical infrastructure. It supports scalable and privacy-first data storage, making it suitable for sectors like AI, Web3, and decentralized science.
The commencement of trading CESS tokens on multiple significant exchanges highlights growing interest in the project and its technological capabilities. The upcoming mainnet launch and further platform development are expected to solidify CESS's market position.
