Canton Network distributes 45.5 million CC from development fund

The fund has backed 9 teams so far while retaining 80 percent of its capital for future deployments.

Summary

Canton Network said it distributed 45.5 million CC from its development fund, marking an early allocation of capital to support ecosystem growth. The fund has backed 9 teams to date and still holds 80 percent of its capital for future deployments, indicating the program remains in an early stage despite the latest distribution.

Terms & Concepts
  • development fund: Capital pool used to support ecosystem projects
  • CC: The token distributed by Canton Network
  • deployments: Allocations of capital into selected projects