The 2.8 billion CKB that will be unlocked in May, is this a selling pressure?

Introduction:

• Unlock Round 2
  

• team
  

• Private placement
  

• Strategic Partners
  

• Ecological Development
  

• CKB Development Tools
  

• CKB and Bitcoin interoperability
  

• Huobi public chain mainnet launched
  

• CKB mainnet computing power increased
  

• postscript
  

Hello, I am Ixiu, the moderator of CKB coin forum. Today I mainly want to report to the coin owners about what important information about Nervos we need to know in advance in the coming May.

Unlock Round 2

The total amount of CKB issued at the genesis of the blockchain is 33.6 billion CKB, of which 25% will be destroyed when the genesis block is generated. The remaining amount will be distributed as follows:

• Public offering: 21.5%

• Ecology: 17%

• Team: 15%

• Private placement: 14%

• Strategic partners: 5%

• Foundation: 2%

• Testnet rewards: 0.5%

Among them, the team, ecology, private placement, and strategic partners are released in stages. When the mainnet was launched, one round of unlocking was launched, which we can call the first round of unlocking. On May 1st of next month, the second round of unlocking will be launched. Let’s take a look at the specific unlocking data.

team

• 15% (5.04 billion CKB) of the Genesis issuance is allocated to the team;

• Released in stages, all released by May 1, 2022;

• 16.67% (about 840.168 million CKB) of the team’s share will be released next month.
  

Private placement

• 14% of CKB issued in Genesis was allocated to private placement;

• Released in stages, 66.66% released when the mainnet was launched;

• The remaining 33.37% (approximately 1.56831 billion CKB) will be released next month.

In July 2018, Nervos received more than US$28 million in private round financing, with investors including more than a dozen domestic and foreign institutions, led by Sequoia Capital China Fund and Wanxiang Blockchain.

Strategic Partners

• 5% of CKB issued by Genesis was allocated to strategic partners;

• Released in stages, to be completed on May 1, 2022;

• 25% (420 million CKB) will be released next month.
  

In summary, as of May 1, 2020, the complete release data of CKB Genesis issuance is as follows:

By then, 2.828 billion CKB will be added to the circulation. Combined with the primary and secondary issuance speeds of CKB, it is estimated that the total circulation of CKB will reach about 17.1 billion. Will the released CKB flow to the secondary market to form selling pressure, or will it be deposited in Nervos DAO? This is a question that everyone is very concerned about.

Let me briefly explain my point of view: the team, ecosystem, and private placement released in this issue are all the earliest participants of Nervos. The current price of CKB is still low, and the entire market, including Bitcoin, is in a downturn. Let's think about it. If we throw away the chips at this time, what investment targets with higher returns can we get? If you think there are, then your operation will be clear. Before they sell, ship first, and then take it back at a lower cost after the follow-up is clear; otherwise, just hold it and do what you need to do.

The complete release schedule of CKB Genesis is shown in the figure below. Interested coin owners are welcome to collect it:

Ecological Development

CKB Development Tools

CKB Studio is a simple and easy-to-use graphical IDE (Integrated Development Environment). It is a software tool used to assist developers in writing blockchain applications. It integrates common developer tools such as code editors, compilers, debuggers, etc., which can be used to perform the following common CKB development operations in one stop on CKB Studio: local development environment construction, code editing and management, testing, starting local nodes, connecting to CKB testnet and mainnet, etc., which can simplify the DApp development process and lower the threshold for developers to develop DApps on CKB.

CKB Studio, developed by Obsidian Labs, has released a Mac version, and will release versions supporting other operating systems later. It must be mentioned here that EOS Studio was also developed by Obsidian Labs.

Come, take a look at its interface diagram:

The development tools are out. Is the first DAPP based on CKB far away from us?

CKB and Bitcoin interoperability

According to the latest news, Bitcoin-SPV Utils, the first approved project of Nervos Grants, has now entered the testing phase, and cross-chain between CKB and Bitcoin is about to be realized!

The implementation of Bitcoin-SPV will benefit Nervos in entering a wider market, expanding its feature set, and gaining new liquidity in the cross-chain market.

Huobi public chain mainnet launched

Why is Huobi public chain mentioned here? Because it has a very important connection with Nervos Network.

We know that Nervos Network is a two-layer network. At present, the CKB main network of Layer 1 has been built. After the components of Layer 2 are assembled, the minimum closed loop of Nervos Network can be formed. There are dozens of Layer 2 projects, and it is not easy to convince them to connect to Nervos Network. Nervos must provide a set of proven and easy-to-use solutions to let all Layer 2 teams see the benefits of connecting to CKB network!

Muta was born in this context. It is a Layer 2 blockchain framework developed by Nervos. Huobi public chain has implemented a customized version based on this framework.

Let’s take a look at the definition of Muta from the CKB positioning white paper:

Muta is a highly customizable, high-performance blockchain framework designed to support PoS, BFT consensus, and smart contracts. It has a high-throughput and low-latency BFT consensus "Overlord" and can support different virtual machines, including CKB-VM, EVM, and WASM. Muta has cross-VM interoperability, and different virtual machines can be used in a Muta blockchain at the same time. Muta greatly reduces the threshold for developers to build high-performance blockchains while still ensuring their maximum flexibility to customize their protocols.

At present, the Huobi public chain test network has been running stably for more than a month. According to Daniel's previous introduction, the performance of Huobi public chain is very good and can fully meet the needs of financial services. Interested friends can click the link below to jump to view the status of Huobi public chain test network: https://testnet.huobichain.com/

According to the plan, Huobi Chain will be launched on the mainnet in May. The success of Huobi Chain will also make Muta a success, and Nervos' independently developed Layer2 framework will also be verified. This is a significant event for Nervos.

CKB mainnet computing power increased

At present, the computing power of the CKB main network is close to 5PH/s. In April and May, a large amount of Asic computing power will be connected. Asic miners are the royal guards. Their joining will make the CKB network more secure. According to Daniel, the CKB network has now escaped the attack range of GPU.

Some people have said before that the increase in computing power will lead to more CKB being mined, but this is actually wrong. The PoW network will automatically adjust the difficulty according to the change in computing power, so that the block time remains within a certain range, that is, the increase in computing power will not lead to more CKB being mined, but because there are more miners, it is more decentralized, and the block rewards are more dispersed. For the currency price in the secondary market, it undoubtedly reduces the probability of miners dumping the market. In addition, since Asic mining machines can only mine specific algorithms, that is to say, Asic miners dumping the market will not benefit themselves.

postscript

In summary, although 2.8 billion CKB will be released in May, at the same time, the CKB ecosystem has gradually shown new signs of improvement. At this time, we only need to consider this issue clearly (if we throw away the chips at this time, can we exchange them for investment targets with higher returns?), it is actually not difficult to make a decision.

Advertising time: CKB Coin Bar has multiple activities going on simultaneously. Coin owners are welcome to come and play often. CKB Coin Bar has begun to implement a points system (which can be considered as a token that is not listed on the exchange). The uses of points include but are not limited to: exchanging Nervos limited peripherals and internal testing experience qualifications for Nervos ecological applications. Nervos points can be queried online at the following address: CKB Coin Bar Points Online Query (https://shimo.im/sheets/qdhTh6TPkhxwQgjq/STmT1).