Disclaimer: The information provided in this report is based on data gathered on August 10, 2024. Due to the dynamic nature of the cryptocurrency market, certain information may change over time.

Casper Network (CSPR) Research Report

Project Introduction and Brief Summary of Solutions and Products

Casper Network is a proof-of-stake (PoS) blockchain designed to cater to enterprise and developer needs. It emphasizes upgradeability, future-proofing, and predictable network fees. The network offers solutions to challenges like scalability and security, enabling businesses to adopt blockchain technology seamlessly.

Project Release Date & Token Release Date

• Project Release Date: Mainnet launched in March 2021
• Token Release Date: The CSPR token was released in May 2021

Market Data

• Market Capitalization: $408,874,405 (August 10, 2024)
• Current Price: $0.03734 (August 10, 2024)
• Exchanges:
  • Binance
  • Coinbase Exchange
  • KuCoin
  • Huobi Global
  • Gate.io
  • And many others

Competitors

• Elrond (EGLD)
• Tezos (XTZ)
• Algorand (ALGO)
• Cardano (ADA)
• Solana (SOL)

Use Cases

• Enterprise Applications: Supply chain management, digital identity, tokenization of assets
• Decentralized Finance (DeFi): Building and deploying DeFi applications
• Web3 Development: Creating and hosting decentralized applications

Technology

• Proof-of-Stake (PoS): A consensus mechanism that is more energy-efficient than Proof-of-Work (PoW).
• Casper CBC Consensus Protocol: Provides flexibility and security for network upgrades.
• Weighted Key Management: Enhances security and control for users.
• On-chain Governance: Allows token holders to participate in network decision-making.

Smart Contracts and Audits

• Smart Contracts: Casper supports smart contracts written in Rust and AssemblyScript (a TypeScript-like language).
• Audits: The Casper Network has been audited by multiple firms, including Trail of Bits.

Investors or Partners

• Investors:
  • Digital Currency Group
  • ZB.com
  • Gate.io
  • Consensus Capital
  • And others
• Recent Partnerships:
  • IPwe: To create a global patent ecosystem on Casper
  • Metacask: To build a platform for whiskey NFTs
  • WISeKey: To develop secure NFT solutions
  • China’s Blockchain Service Network (BSN): To integrate Casper Network

Presale/ICO/Seed Rounds

• Casper Network raised $14.5 million in a private token sale in 2020.
• No ICO was conducted.

Token Distribution

• Total Supply: 10,000,000,000 CSPR
• Detailed distribution can be found in the Casper tokenomics documentation on their official website.

Token Economics and Use Cases

• CSPR is the native token of the Casper Network.
• Use cases:
  • Staking: To secure the network and earn rewards
  • Network Fees: To pay for transactions and smart contract execution
  • Governance: To participate in network decision-making
• Token Vesting Schedule: Detailed vesting schedules for different token allocations (team, investors, etc.) are outlined in the Casper tokenomics documentation.

Roadmap

• Accomplished Milestones:
  • Mainnet launch
  • Multiple network upgrades
  • Partnerships with various organizations
  • Growing ecosystem of dApps
• Future Goals:
  • Further network enhancements
  • Expansion of the Casper ecosystem
  • Increased adoption by enterprises and developers

Team Members

• Mrinal Manohar: CEO & Co-Founder
• Medha Parlikar: CTO & Co-Founder
• Cliff Sarkin: COO
• And many other talented individuals.

References

• Casper Network Official Website: https://casper.network/
• Casper Blog: [invalid URL removed]
• Casper Documentation: https://docs.casper.network/