Canton Coin · CC
The institutional chain putting real-world assets on-chain
A fee burn that cancels two-thirds of every new coin minted — but the mint still runs ahead of it, so supply keeps rising.
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CC · a big burn, and a bigger mint.
CC is the utility token of the Canton Network, the privacy-enabled chain institutions settle on — ~39.5B circulating, no supply cap, and no pre-mine: coins are created only as rewards for work, and destroyed only to pay for network traffic.
Sell pressure. The chain minted 1.92B CC in 90 days — about 79% of what the schedule allowed — and governance voted a further 60.8M CC out of the unminted reward pool and into the market.
Buy pressure. Traffic is paid for in CC and the coins are destroyed: 1.27B CC gone over the same 90 days, plus 39.3M CC newly locked away by apps buying their place on the network.
Net. About +1.70% to market over 90 days, and the same rate ahead — the vote that would have changed how app rewards are calculated was rejected on Aug 18 2026, so nothing about the rate moved.
- Pool mints awaiting a final vote≈26.8M CCSep 5 2026 · two governance votes would move reward entitlement into circulation
New CC exists only as a reward for work. Over 90 days the chain minted 1,412.2M CC to apps, 252.0M CC to validators and 259.0M CC to super validators — 1,923.1M CC in all, which is about 79% of what the schedule allowed. The rest expired unclaimed. The current tranche runs until Jun 26 2029, so the rate ahead is the rate just measured.
There is no vesting calendar to unlock. Canton Coin had no pre-mine, no investor round and no team allocation — every coin in existence was minted as a reward, so no allocation sits behind a cliff.
Reward entitlement nobody claimed piles up in an unminted pool, and super validators vote slices of it into the market. 11 such votes cleared inside the window — the largest 19.6M CC on Aug 12 2026 and 19.2M CC on Jul 31 2026 — 60.8M CC of genuinely new float. Two more were checked and excluded: one voted down, one that reached quorum but never minted because the destination was wrong. Tracked overhangs behind this row: the unminted pool itself, which grew about 542.6M CC over the same 90 days; super validator organisations holding 18.32B CC in disclosed wallets under the network's weight rules, spendable on chain and about 46% of all CC; the Foundation's own operating wallets at 26.6M CC; and a dormant protocol development fund holding 12.1K CC that has not moved.
No estate, no trustee schedule, no frozen tranche waiting to be distributed. Nothing in this category exists for CC.
No buyback contract, no buyback budget, no announced programme. The protocol removes CC by destroying it, never by buying it. No public evidence of release in window — monitored.
Every transaction buys network traffic, and paying for that traffic destroys CC outright. 1,274.1M CC was burned over 90 days — 14.2M CC a day on average, rising to 15.3M CC a day by the end of the window. That cancels about 64% of all the new CC created in the same period. Coins are destroyed at the contract, not parked at an address.
The Foundation does not buy CC on the open market and has never disclosed a purchase programme. No public evidence of release in window — monitored.
Apps must now post capital to keep featured status — 5M CC per party, 25M CC for asset issuers, released only a sixtieth a day. Locked balances rose from 2.2M CC at the start of the window to 41.5M CC at the end across 16 parties, with no withdrawals: 39.3M CC newly taken out of the float. A widely quoted figure of over 1B CC locked does not survive the read — the single largest app credited with a lock holds none.
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