What is CertiK? Latest on CTK

What is CertiK?

CertiK Chain (formerly Shentu Chain) is a Layer 1 blockchain platform that specializes in crypto and Blockchain project security. Shentu Chain is constructed using the Cosmos SDK.

The initial name of the project was CertiK Chain, and it was created by CertiK, a company that specialized in auditing crypto projects. However, the project’s name was eventually changed to Shentu Chain, and there are rumors that it has largely detached itself from CertiK.

Highlights of CertiK Chain (Shentu Chain)

Shentu Chain has the following main products:

• Shentu Security Oracle: A solution that protects on-chain transactions and projects from attack.
• Shentu Certified Virtual Machine (CVM): CVM virtual machine enhances security through smart contract access and inspection. Besides, CVM is also compatible with Ethereum Virtual Machine (EVM).
• DeepSEA: Shentu’s security programming language. It is compatible with CVM, Ethereum WebAssembly, and AntChain.
• DeepWallet: Crypto wallet developed by Shentu. In addition to the features of normal wallets, users can also stake and deploy smart contracts.
• ShentuShield: Crypto insurance service, CTK stake brothers and part of the assets held. When the hacked brothers lose money, ShentuShield will help compensate for the damage.

Currently, ShentuShield’s pool is worth approximately $ 18 million, allowing you to compensate for hacking-related losses.

Information about CTK token (CertiK Chain a.k.a Shentu Chain)

CTK is the Shentu Chain token. CTK is a utility token used not only to pay gas fees, stakes, and votes, but also to pay for and use Shentu’s services.

• Token Name: Shentu
• Ticker: CTK
• Blockchain: Binance Smart Chain
• Contract: 0xa8c2b8eec3d368c0253ad3dae65a5f2bbb89c929
• Token type: Utility token
• Token standard: BEP-20
• Total supply: 105,635,269 CTK
• Circulating supply: 84,671,585 CTK

CTK token utility

• Pay trading fees, stake, vote on the platform
• Pay for and use Shentu’s services such as ShentuShield,…

CTK allocation and payment schedule

Consider the ctk distribution and payment schedule.

Allocate

• Binance Launchpool: 1.5%
• Private Sale 1: 29%
• Private Sale 2: 9%
• Team: 10%
• Foundation: 25%
• Community Pool: 17.5%
• ShentuShield Pool: 8%

Token payout schedule

• 02/2021: Unlock 9% from Private Sale 2.
• 04/2022: Unlock 29% from Private Sale 1.
• 05/2023: Unlock 10% from the team.
• 06/2023: Unlock 25% from Foundation.

External links

• 07–11/2019: Completion of Alpha Tesnet 1.0 & 2.0 and Beta Tesnet 3.0.
• 03/2020: Full Testnet.
• 10/2020: Mainnet deployment.

CertiK Chain team, investors and partners (Shentu Chain)

Team

According to the available information, Shentu was created by a team of seasoned software engineers at CertiK.

Ronghui Gu, co-founder and CEO of CertiK, is in charge of this group. He has approximately five years of experience as a professor at Columbia University.

Investors

CertiK is the primary investor and developer of Shentu Chain.

In the meanwhile, Binance Labs, Coinbase, SoftBank, Goldman Sachs, Sequoia, and Tiger Global have invested in CertiK.

Moreover, CertiK has raised funds five times. During their most recent fundraising, CertiK was valued at $2 billion.

As follows:

• Private sale 1: raised $22.33 million from the sale of 29,000,000 CTK for $0.77.
• Private sale 2: raised $17.1 million from the sale of 9,000,000 CTK for $1.9.
• Series B: successfully raised $290 million.
• Series B2: successfully raised $ 24 million in August 2021.
• The last time in April 2022 CertiK raised a total of 88 million USD.

Partner

Shentu Chain has the ability to receive support from CertiK partners such as Bitman, Huobi, OKEx …

Contact

Website: https://www.certik.com/

Twitter: https://twitter.com/CertiK

Discord: https://discord.com/invite/S5YbXrSgEA

Telegram: https://t.me/CertiKCommunity

Youtube: CertiK – YouTube

Summing up

Through the above article, CryptoChill has helped you know about the CertiK Chain and the highlights of the project.

Disclaimer: This post is not investment advice. You will be 100% responsible for your investment decisions.
Please follow and subscribe to support the CryptoChill.news.