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  • Tokens
  • CANTO (CANTO)

    7/9/2025 10:00 UTC

    $0.008

    0.60%

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    CANTO News

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    Frequently Asked Questions

    • Blockchain Platform

      CANTO is a layer-1 blockchain built to support decentralized finance (DeFi). It runs on the Ethereum Virtual Machine (EVM) and uses Cosmos SDK technology. This allows developers to create and run smart contracts and decentralized apps (dApps) easily.

      Free Public Infrastructure (FPI)

      CANTO focuses on providing free public infrastructure for DeFi. This means key financial tools like decentralized exchanges (DEXs), lending markets, and staking are available without fees or governance tokens. The goal is to make DeFi accessible, transparent, and free for everyone.

      Token Uses

      • Gas Fees: CANTO tokens are used to pay transaction fees on the network.
      • Staking: Users can stake CANTO tokens to help secure the network and earn rewards.
      • Liquidity Rewards: Liquidity providers on the CANTO DEX earn CANTO tokens as incentives.
      • Collateral: LP tokens earned can be used as collateral in the CANTO Lending Market for loans.

      Ecosystem Features

      CANTO supports a decentralized lending market, a DEX, and a stablecoin called NOTE, which is used as a unit of account within the ecosystem. The system is designed to promote fairness and reduce costs for users and developers.

      In summary, CANTO is designed to make DeFi tools free and easy to use, encouraging a decentralized financial system without fees or centralized control.

      Last Updated: 6/18/2025 02:01 UTC
    • Pros of CANTO

      • Free Public Infrastructure (FPI): CANTO offers core DeFi services like decentralized exchanges (DEX), lending markets, and stablecoins without fees or rent extraction, making DeFi more accessible and transparent.
      • EVM Compatibility: Built on Ethereum Virtual Machine (EVM) via Cosmos SDK, allowing easy deployment of Ethereum-based smart contracts.
      • Zero Fees for Liquidity Providers: CANTO’s DEX has no fees for liquidity providers, encouraging participation and liquidity.
      • Community-Driven: No official foundation or token presale; development is driven by a decentralized community of DeFi advocates.
      • Innovative DeFi Primitives: Focuses on creating free, decentralized financial infrastructure rather than maximizing revenue.
      • Rapid Growth and Support: Backed by notable DeFi figures and venture investments, with growing ecosystem activity.

      Cons of CANTO

      • Price Volatility: The token has experienced significant price drops and volatility, which is common in new crypto projects.
      • Limited User Interfaces: Some core public primitives currently lack user-friendly interfaces, which may limit adoption.
      • No Traditional Governance: Absence of a formal governance token or foundation can slow coordinated development or decision-making.
      • Market Competition: Faces strong competition from established Layer-1 blockchains and DeFi platforms.
      • Liquidity and Volume: Trading volume and liquidity are relatively low compared to major cryptocurrencies, which can affect ease of trading.

      Summary

      CANTO aims to make DeFi free and accessible by providing decentralized financial tools without fees, supported by a community-driven model. While it offers innovative features and zero-fee infrastructure, it faces challenges like price swings, limited user interfaces, and competition in the blockchain space.

      Last Updated: 6/18/2025 02:02 UTC
    • Founders of CANTO

      • Arijit Pingle and T K Kwon are the founders of CANTO.
      • The project is also led and contributed to by Scott Lewis, co-founder of DeFi Pulse and Slingshot Crypto, along with the Plex team who help develop the network’s frontend and infrastructure.
      • CANTO is built by a loosely organized collective of DeFi advocates rather than a traditional centralized team or foundation.
      Last Updated: 6/18/2025 02:02 UTC
    • Investors in CANTO

      • Venture Funds: Variant, a crypto venture fund, has invested in CANTO, helping fuel its early growth.
      • Community Builders: CANTO is driven by a loosely organized collective of chain-native builders and DeFi advocates, including notable figures like Scott Lewis (DeFi Pulse co-founder) and the founders of Slingshot Crypto and Plex.
      • Liquidity Providers: Investors who provide liquidity on CANTO’s decentralized exchange (DEX) also play a key role in supporting the ecosystem.
      • General Crypto Investors: CANTO tokens are traded on multiple exchanges, attracting a broad range of retail and institutional investors interested in DeFi and layer-1 blockchain projects.

      CANTO does not have a traditional foundation, token presale, or vested tokens, which means its investor base is more decentralized and community-driven compared to many other projects.

      Last Updated: 6/18/2025 02:02 UTC
    • Halal Status of CANTO

      • Yes or No: There is no clear, universally accepted ruling publicly available that specifically declares CANTO halal or haram.
      • Reason: Islamic scholars generally assess cryptocurrencies based on their compliance with Islamic finance principles such as avoiding interest (riba), excessive uncertainty (gharar), and involvement in prohibited activities. Since CANTO is a DeFi-focused blockchain without explicit fatwas or detailed Shariah compliance reports, its halal status depends on individual interpretation and further scholarly review.
      • General Guidance: Many scholars say crypto can be halal if the project and its use cases comply with Islamic law. It is recommended to consult knowledgeable Islamic finance experts for personal guidance on CANTO.

      In summary, the halal status of CANTO is not definitively confirmed and depends on detailed Shariah compliance analysis.

      Last Updated: 6/18/2025 02:02 UTC

    Description

    #2085

    A Layer 1 blockchain that provides core DeFi primitives for free, Canto aims to create a transparent and accessible financial system. It supports EVM compatibility and interoperability with other chains.

    Sector: Layer 1
    Blockchain: Cosmos

    Market Data

    Rank: 2085
    Volume: 377K
    Marketcap: 4.8M
    Fully Diluted Value: N/A
    Circulating Supply: N/A
    72K 158/17