CESS Token Lists on Binance Alpha, KuCoin, Bitget Today

CESS, the native token of the decentralized cloud infrastructure layer CESS Network, is set to be listed on multiple major centralized exchanges today. The exchanges include Binance Alpha, KuCoin, and Bitget. Binance Alpha will be the first to list the token, with the exact time of the listing yet to be announced. Eligible Binance users will be able to redeem Alpha Points for an allocation of CESS tokens once trading goes live. The details regarding the airdrop mechanism and distribution will be released upon the commencement of trading.

Other major exchanges, such as Bitget, Gate.io, MEXC, and KuCoin, will also begin trading for CESS at 10:00 UTC today. The CESS Network’s mainnet has not yet launched, and the token is initially being issued on the BNB Smart Chain (BEP-20 standard). A mainnet launch is anticipated 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.

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.

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.

This listing on major exchanges marks a significant milestone for CESS Network, as it gains broader accessibility and liquidity. The token's issuance on the BNB Smart Chain and the upcoming mainnet launch indicate a strategic approach to scaling and integrating with other blockchain ecosystems. The allocation of tokens for mining incentives, treasury, and ecosystem development suggests a long-term vision for sustaining the network's growth and utility. The involvement of prominent investors like DWF Labs further underscores the project's potential and credibility in the decentralized infrastructure space.