Casper Network (CSPR) Tokenomics, Unlock Schedule and Vesting Chart

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Casper Network (CSPR) Token Unlock & Vesting Schedule

As of November 11, 2026, 17.65 billion CSPR have been released. The schedule is ongoing, with no final release date. Over the next 12 months it releases 3.31 billion CSPR (1.58 billion of them estimated) mostly from CVV008 treasury release and PoS validator and delegator rewards, worth about $6.65 million at today's price (19.06% of the market cap). Today's release is an estimated 4.34 million CSPR from PoS validator and delegator rewards and Protocol ecosystem and operations issuance. The next installment is on December 23, 2026: 433.01 million CSPR from CVV008 treasury release.

The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.

Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.

Tokenomics & Utility

How CSPR moves through the network

CSPR pays for actions such as transfers and contract use. Casper sets transaction costs through network rules rather than a bidding auction for each block. Since Casper 2.1, transaction fees have been burned, meaning those tokens are permanently removed from supply. Validators and delegators receive newly issued tokens for their role in securing the chain. As a result, issuance adds CSPR while fee burning removes some of it. (casper.network)

Casper launched with 10 billion CSPR. Its base annual issuance rate is 8%, and there is no fixed maximum supply in that model. An upgrade activated in March 2026 allocated the annual issuance between validator and delegator rewards, at six percentage points, and ecosystem development and operations, at two percentage points. This allocation matters because it connects the token’s economic model to both network security and funding for further growth. (docs.casper.network)

The same upgrade approved a separate, one-time issuance equal to 33% of the supply at that point: about 4.76 billion CSPR. Part was unlocked when the upgrade took effect, with the rest scheduled for quarterly unlocks through March 2028. This was a distinct governance decision alongside the ongoing annual issuance. Validators vote on protocol proposals, and delegators participate indirectly through the validators they choose to support. (casper.network)

Upcoming CSPR Releases

Period	Allocation	Type	Amount	Value
Nov 11 – 30, 2026	PoS validator and delegator rewards	Issuance, estimated	65.6M	$131.8K
Nov 11 – 30, 2026	Protocol ecosystem and operations issuance	Issuance, estimated	21.3M	$42.8K
Dec 2026	CVV008 treasury release	Vesting, researched	433M	$869.5K
	PoS validator and delegator rewards	Issuance, estimated	102.1M	$205.1K
	Protocol ecosystem and operations issuance	Issuance, estimated	33.1M	$66.4K
Jan 2027	PoS validator and delegator rewards	Issuance, estimated	102.7M	$206.2K
Total, next 12 months			3.3B	$6.6M

1–6 of 28 releases

of 5 pages

Values at $0.002 per CSPR (November 11, 2026), today's price, not a forecast. Releases continue after October 2027. Estimated amounts are modeled from the schedule's rules rather than dated by a source; see the Assumptions below. Releases without dates are listed under Allocations.

Assumptions

Casper created 10 billion CSPR at genesis and continues to issue tokens for PoS rewards; since March 2026, part of its annual issuance has gone to ecosystem operations. A separate 4.76-billion-CSPR treasury mint in March 2026 has a published unlock schedule through March 2028. Genesis sale, team, advisor and grant budgets are recorded, but many payment dates remain unresolved. The chart can show the dated mints and treasury unlocks; its ongoing reward curves are estimates, and fee burns prevent an exact reconciliation to net supply.

Genesis validator sales, rounds 1 and 2: The sources give the amount but no release dates.
Genesis developer incentives: Releases depend on recipients claiming tokens or on grants being awarded.
DEVxDAO developer-grant funding: Releases depend on future governance or treasury decisions.
Casper Association genesis reserve: Releases depend on future governance or treasury decisions.
CasperLabs Holdings AG: The sources give the amount but no release dates.
Genesis team allocation: The sources give the amount but no release dates.
Genesis advisors allocation: The sources give the amount but no release dates.
CoinList public sale, Options 1–3: The sources give the amount but no release dates.
CoinList community-members sale, Option 4: The sources give the amount but no release dates.
Protocol ecosystem and operations issuance: Releases depend on future governance or treasury decisions.
CVV008 treasury deployment: Releases depend on future governance or treasury decisions.
CSPR.fans initial community reward: Releases depend on recipients claiming tokens or on grants being awarded.

Sources (15)

Initial Supply 10.00B

Unlocked Supply 17.65B

Unlock Progress — No maximum supply

Genesis Date Mar 31, 2021

Fully Unlocked Ongoing

Allocations 16

Marketcap Rank (#) 558

Price ($) 0.002 -4.83% (7d)

24h Volume ($) 69K -33.18% (7d)

Marketcap ($) 35M

Fully Diluted Value ($) N/A

Circulating Supply N/A

Spot

Perp


CSPR/USDT	1.1M	0/0
CSPR/USDT	71K	7.2K/2.3K
CSPR/USDT	61K	25K/10K
CSPR/USDT	61K	24K/8.4K
CSPR/USDT	49K	8.3K/13K
CSPR/USDT	31K	25K/17K
CSPR/USD	11K	21K/16K
CSPR/ETH	416	253/179
CSPR/USDC	194	2.2K/403
CSPR/EUR	40	1.5K/1.5K

Allocations

Genesis mint

10,000,000,000 tokens · 7 parts

Parts of this allocation with their own release dates are charted as their own allocations; the chart shows the rest here.

Cliff: Mar 31, 2021 — 100.00% of allocation · 10,000,000,000 tokens

Sources: Network Design: Token Generation and DistributionCasper Mainnet is Live!

PoS validator and delegator rewards

Ongoing issuance

Protocol issuance: Mar 31, 2021 - Mar 23, 2026 · 4,493,100,569.64 tokens

Protocol issuance: open-ended model from Mar 23, 2026.The amounts are an estimate.

Backend estimate from the documented rate schedule: 8% a year from 2021-03-31T15:00:00Z on a supply of 10000000000, compounded daily; not observed issuance. The curve passes through 1 dated supply observation(s) and is projected after 2025-05-20T08:58:17Z

Backend estimate from the documented rate schedule: 6% a year from 2026-03-23T16:02:00Z on a supply of 19196700728, compounded daily; not observed issuance. Without a dated supply observation the whole curve is projected

Sources: Casper Mainnet is Live!Staking ConceptsConsensus EconomicsCSPR Supply API DocumentationCasper 2.2.0 Goes Live on MainnetCSPR.live Supply API

Protocol ecosystem and operations issuance

Ongoing issuance

Protocol issuance: open-ended model from Mar 23, 2026.The amounts are an estimate.

Timing not yet established (Mar 23, 2026 - open): amount unknown

Backend estimate from the documented rate schedule: 2% a year from 2026-03-23T16:02:00Z on a supply of 19196700728, compounded daily; not observed issuance. Without a dated supply observation the whole curve is projected

Sources: Casper 2.2.0 Goes Live on MainnetCSPR.live Supply API

CVV008 one-time treasury issuance

4,763,091,158 tokens · 2 parts

Parts of this allocation with their own release dates are charted as their own allocations; the chart shows the rest here.

Cliff: Mar 23, 2026 — 100.00% of allocation · 4,763,091,158 tokens

Sources: Casper 2.2.0 Goes Live on Mainnet

CSPR.fans initial community reward

1,000,000 tokens

Timing not yet established (Oct 31, 2024 - open): 1,000,000 tokens

Sources: Michael Steuer: Reflecting on my first two weeks as Casper Association CTO

Last Updated: 2026-09-30 17:00:19 UTC

Description

#558

Casper is a Proof-of-Stake Layer-1 blockchain designed to bring real-world assets on-chain.

Sector:	Layer 1
Blockchain:	Other L1

2021

POS