What Is CSPR Crypto?
CSPR is the native token of the Casper Network, a decentralized proof-of-stake blockchain. Casper is marketed as an energy-efficient and affordable blockchain for developers to build decentralized apps. The native token has a current market value of over $400 million and a circulating supply of 10.7 billion, according to CoinMarketCap. It is already near its maximum supply of 11.5 billion.
You can stake CSPR tokens to earn more tokens as a reward. Staking implies using your tokens to validate transactions on the blockchain. In return, you will earn a percentage of the fees paid to the blockchain for the transactions.
You can also use CSPR to transact with decentralized apps hosted on the Casper Network. For example, Casper has an official marketplace for buying and selling non-fungible tokens, and the CSPR coin is the exclusive currency in this marketplace.
Founders of Casper
Casper Labs is the organization behind the Casper Network. It was launched in 2018 by two entrepreneurs, Medha Parlikar and Mrinal Manohar. The network entered testnet in 2020 and launched its mainnet in the following year. The CSPR coin launched in March 2021 with an initial coin offering (ICO) that raised $34 million.
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