Canton Wallet, developed by the Send wallet application, will phase out its CC drip mechanism by December 25. The reduction will occur in stages: 50% by December 3, 75% by December 10, 87.5% by December 17, and complete discontinuation by December 25. This mechanism was initially designed to incentivize user participation with small, continuous CC token rewards.
In conjunction with this change, Canton Wallet plans to introduce several new products, including Treasury for secure multisignature asset storage, Staking for CC and SEND tokens, Pool Party as the Canton Network's first AMM decentralized exchange, and CUSD, a privacy-focused stablecoin. Additionally, 30% of application layer rewards will be allocated for community distribution, with 17,166,000 CC tokens available for staking and future integrations.
Canton Wallet to End CC Drip Mechanism by December 25
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