Canto Coin: Cosmos' Rising Star with 1000x Mining Potential in Bear Markets

Canto is an EVM-compatible blockchain built using Cosmos SDK, technically forked from Evmos. It aims to create a free public infrastructure ecosystem for Layer 1 chains and DeFi protocols, driving innovation in decentralized finance. Notably, Canto operates as a community-driven organization without an official team or institutional backing - built entirely by contributors to demonstrate an alternative Layer 1 approach.

Canto Tokenomics Overview

At Genesis, Canto pre-minted 1 billion tokens with initial allocations:

• 15% liquidity (150M):

  • 13% team contributors
  • 2% testnet airdrops

• Remaining 85%:

  • 35% mid-term incentives
  • 45% long-term mining
  • 5% ecosystem grants

The first liquidity mining phase launched on August 20, 2022, distributing 62.5M CANTO over 30 days (144.6759259 CANTO/block) to LP token holders. Current estimates suggest:

• 103M CANTO staked
• 7.8M mined (first phase)
• ~58M circulating supply (increasing via PoS inflation)

👉 Discover Canto's real-time mining rewards

How to Acquire $CANTO Tokens

1. Network Setup

Automated connection:
Connect wallet via Canto Account Portal

Manual RPC configuration:
Use these endpoints:

• https://canto.evm.chandrastation.com
• https://jsonrpc.canto.nodestake.top
• https://canto.slingshot.finance

2. Public Key Generation

1. Visit account.canto.io → "Create Account"
2. Or use bridge.canto.io → click "Generate Public Key"

Pro Tip: Keep 0.3 $CANTO in wallet for smoother transactions

3. Asset Bridging

• Bridge assets via bridge.canto.io (ETH → Canto)
• For IBC transfers: Use Keplr wallet to move assets from Cosmos Hub

4. Asset Conversion

Convert native assets to ERC-20 tokens at convert.canto.io

5. Trading

Trade tokens at app.slingshot.finance/trade/CANTO

6. Returning Assets

1. Convert ERC-20 back to native assets
2. Bridge via Gravity Bridge to Cosmos/ETH networks

Participating in Canto's Lending Market

Current TVL: $40M (Top 150 among DeFi protocols)
First-phase mining offers 1000%+ APY - a rare bear market opportunity.

Mining Process:

1. Add Liquidity at lp.canto.io (NOTE: Stable pools use concentrated liquidity formula)
2. Stake LP Tokens at lending.canto.io

Strategy Alert:

• Use USDC/USDT as collateral
• Borrow $NOTE (algorithmic stablecoin)
• Create LP positions

👉 Optimize your mining strategy

Staking $CANTO for Governance

• 21-day unbonding period

• Stake via:

  • MetaMask: staking.canto.io
  • Keplr: explorer.nodestake.top/canto/staking

Recommended Validators:

• nodestake.top
• silentvalidator.com
• 255.ventures

FAQ

Q: Is Canto really community-owned?
A: Yes, it operates without corporate control through contributor governance.

Q: What makes $NOTE different from USDT?
A: $NOTE is algorithmically stabilized via interest rate adjustments rather than direct fiat backing.

Q: How sustainable are 1000% APYs?
A: Early-stage incentives are high but will decrease as TVL grows - early participants benefit most.

Q: Can I use hardware wallets with Canto?
A: Yes, via WalletConnect integration with Ledger/Trezor.

Q: Where can I track CANTO price?
A: Major aggregators like CoinGecko list it under "CANTO" ticker.

Q: What's Canto's main competitive advantage?
A: Its free infrastructure model reduces DeFi development costs significantly.