crypto.news 2025-06-26 07:05:02

DWF Labs–backed CESS to be listed on Binance Alpha, KuCoin, and Bitget today

CESS, the native token of DePIN-based storage blockchain CESS Network, will be listed on multiple major centralized exchanges, including Binance Alpha, KuCoin, and Bitget. According to an official X announcement , Binance Alpha will be the first exchange platform to list the token later today. The exact time of the listing is yet to be announced. Eligible Binance users will be able to redeem Alpha Points for an undisclosed allocation of CESS tokens via the Alpha Events page once trading goes live. Details regarding the airdrop mechanism and distribution will be released once trading begins. Other major exchanges such as Bitget, Gate.io, MEXC, and KuCoin will also begin trading for CESS at 10:00 UTC today. Since the CESS Network’s mainnet has not yet launched, per the latest tokenomics documentation, the token is initially being issued on the BNB Smart Chain (BEP-20 standard). A mainnet launch is expected in the coming months, after which the BEP-20 CESS tokens will be swappable 1:1 for native tokens through an official cross-chain bridge or token migration mechanism supported by the CESS team. You might also like: Ninth Solana ETF filing lands as Invesco and Galaxy submit S-1 Following the official token generation event, the total supply of CESS will be set at 10 billion tokens with an initial circulating supply of 3.5 billion tokens. Around 45% of the total supply is allocated to mining incentives distributed to decentralized storage node operators over a 31-year period, following a halving model every four years. Additional allocations include 15.5% reserved for the project’s treasury and foundation, 12.5% for the core team and advisors, which is subject to long-term vesting, and 10% for investors. Further, 12% of the supply has been set aside for ecosystem partnerships and community growth initiatives, and 5% has been designated for marketing . What is CESS Network? CESS Network is designed as a decentralized cloud infrastructure layer that facilitates real-time, privacy-preserving data storage and delivery. Built on Substrate, CESS provides a high-performance Layer-1 blockchain optimized for data availability and DePIN use cases , particularly across AI, Web3, and DeSci ecosystems. CESS serves as the native utility token within the CESS ecosystem, used for paying storage fees, staking by node operators, rewarding verifiers, and participating in decentralized governance. In December 2023, CESS raised $8 million in a Series A funding round led by DWF Labs, HTX Ventures, Web3 Foundation, and Infinity Ventures Crypto, with participation from other strategic backers. The capital was reportedly used to expand core infrastructure, support mainnet readiness, and scale adoption among AI and decentralized data platforms. Read more: Sky’s new DeFi protocol Grove launches with $1B backing to bring institutional credit onchain Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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