XTMTari (XTM) Price

1. Project introduction

• Built for Tinkerers

Tari Tinkerers will be able to build never-before-seen applications using Tari building blocks.

By using combinations of templates to create custom rulesets quickly and easily, tinkerers will be able to unlock a new world of business possibilities while delivering stunningly beautiful user experiences.

• Highly Useful

Tari has all the right ingredients to be the most useful protocol for digital assets on earth.

High performance, easy to integrate with, stable, well-documented, open-source, secure, and private by default.

• First Principles Focused

Confidentiality is a prerequisite for useful applications.

No business wants everyone to know what every customer pays or who their best customers are. And no one wants every financial decision to be a scarlet letter. Through supporting meaningful confidentiality features, Tari will meet users where they are, keep them safe, and enable vast new use cases.

• Community Driven

The Tari community is comprised of many types of amazing collaborators.

Imagine a broad spectrum of brilliant creators, builders, advocates, and philosophers all working towards a single goal: to build the most useful decentralized platform that empowers anyone to create digitally scarce things people love.

2. Team introduction

• Naveen Jain - Contributor - LinkedIn Profile
• Riccardo Spagni - Co-founder - LinkedIn Profile
• Shradha Rao - Product Lead - LinkedIn Profile

3. Token application and distribution

Token application:

In the Tari Turbine Model, the only way to create XTR tokens is to burn XTM tokens on the Layer 1 and redeem the XTR 1:1 on the Ootle network. As a result, there is a one-way relationship between the two tokens. On the Ootle, a portion of the transaction fee is paid to validators, and a portion of the transaction fee is burned. This token-burning mechanism creates a powerful economic model where Tari miners can confidently secure the network forever, and at scale, the overall Tari token economy achieves circulating supply equilibrium. 

Token distribution:

• With 70% of the initial emission of XTM tokens going to miners, the other 30% pre-mine is broken into four categories:
• Community - 5%
• Protocol Infrastructure and Grants - 9%
• Contributors - 4%
• Participants - 12%