Tezos price

in USD
$0.672
+$0.004 (+0.59%)
USD
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Market cap
$712.87M #63
Circulating supply
1.06B / 1.08B
All-time high
$9.151
24h volume
$15.28M
3.5 / 5
XTZXTZ
USDUSD

About Tezos

XTZ, also known as Tezos, is a cryptocurrency that powers a unique blockchain designed to evolve over time without hard forks. Its self-amending technology allows the network to upgrade smoothly through community governance, making it more adaptable and secure. XTZ is used for transactions, staking to secure the network, and participating in governance decisions. The Tezos ecosystem is particularly known for its vibrant digital art and NFT community, where creators and collectors use XTZ to buy, sell, and trade unique digital assets. With a focus on real-world utility and innovation, Tezos continues to attract developers and users looking for a sustainable and decentralized blockchain platform.
AI insights
Layer 1
CertiK
Last audit: Sep 26, 2022, (UTC+8)

Tezos’s price performance

Past year
-10.66%
$0.75
3 months
+26.88%
$0.53
30 days
-14.71%
$0.79
7 days
-12.87%
$0.77
59%
Buying
Updated hourly.
More people are buying XTZ than selling on OKX

Tezos on socials

KOOL CRYPTO NOYA
KOOL CRYPTO NOYA
The idOS Mindshare Leaderboard has launched, reserving 0.8% of the total token supply as rewards for top community contributors who boost the project's visibility and engagement. idOS serves as your secure Web3 identity solution- a personal "passport" that unlocks seamless access to stablecoins for real-world applications. You maintain full ownership and control, sharing only the data you choose with apps, all via a single, portable identity that works across multiple blockchain ecosystems. Supported by prominent investors including Fabric Ventures, Arbitrum, Circle, NEAR Protocol, Ripple, and Tezos.
KOOL CRYPTO NOYA
KOOL CRYPTO NOYA
IdOS, a decentralized data storage and access management protocol, has raised $4.5 million in a funding round led by Fabric Ventures, with participation from major web3 players like Arbitrum, Circle Ventures, Ripple, NEAR Protocol, GnosisDAO, Aleph Zero, Radix, and Tezos. This round also establishes the idOS Consortium, a collaborative effort to build a cross-chain, composable, and compliant identity layer for web3, aimed at enabling mainstream adoption by simplifying user onboarding for dApps and giving users control over their data. The initiative, dubbed "OpenFi," seeks to integrate decentralized finance (DeFi) into everyday applications using efficient web3 infrastructure. idOS is partnering with projects like Safe, Celo, Fractal ID, Kwil, Monerium, Mento Labs, OVioHQ, Gnosis Pay, and Zeal Wallet to overcome barriers posed by monolithic identity systems. The idOS Consortium invites all web3 ecosystems, identity builders, and OpenFi dApps to join in creating an open, decentralized identity system.
CryptoTelugu
CryptoTelugu
💥Simple guide on @idOS_network app & points 💰Funding - $4.5m ✅Strong backing 💯FREE 👇Steps 🔗 ✅Sign up ✅Do face verification ✅Add credentials ✅Go to points tab & complete social tasks ✅Do daily check in 💥Done ✅They r having 0.8% supply as rewards to @wallchain_xyz leaderboard ✅Don't forgot to quack about idos 💙Like 🔁RT
idOS
idOS
Announcing our $4.5m round led by @fabric_vc, and including leading web3 ecosystems and organizations @arbitrum, @Circle Ventures, @ripplexdev, @NEARProtocol, @GnosisDAO, @Aleph__Zero, @radixdlt and @tezos. This round also marks the creation of the idOS Consortium—a collaborative initiative among leading web3 ecosystems and organizations. The Consortium aims to develop the identity layer of web3 and promote the adoption of decentralized identity throughout the web3 space. idOS is a decentralized data storage and access management protocol. It enables ecosystems to provide an identity layer for dApps to solve compliant user onboarding and significantly reduce friction. For users, idOS provides control over their data and the ability to decide with whom they share it. A cross-chain, composable and compliant identity layer is a crucial element for web3 to achieve mainstream adoption. Our goal is to bring DeFi into the real world by enabling everyday use cases that leverage decentralized, permissionless, and more efficient web3 infrastructure. We call this OpenFi. To make this a reality, we are working together with our Consortium Partners and teams such as @safe, @Celo, @Fractal_ID, @KwilTeam, @monerium, @MentoLabs, @OVioHQ, @gnosispay, @zealwallet and many others. Monolithic identity systems and closed standards have been major obstacles to the adoption of decentralized identity. This is a call for all identity builders, ecosystems and OpenFi infrastructure providers and dApps to join us in our mission. Let's come together to finally build an open identity system the way it is supposed to be! Read the full announcement blog here:

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Tezos FAQ

Tezos is an energy-efficient, PoS blockchain known for being a pioneer of the decentralized governance model that is now prevalent in the world of decentralized blockchain-supported apps and networks. Arthur and Kathleen Breitman, a married couple, founded it in 2018.

Tezos operates a flexible baking system that allows users to take out their XTZ tokens without waiting for a lock-up period to elapse.

Tezos' consensus protocol also serves as a governance component. When you "bake," you are eligible to vote on proposals. Furthermore, for those who have delegated their tokens, the delegates get to vote on their behalf. As such, it is best to choose a delegate who shares your principles.

Easily buy XTZ tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include XTZ/USDT.

You can also buy XTZ with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Tether (USDT), and USD Coin (USDC), are also available.

Alternatively, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for XTZ with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into XTZ, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

If you're interested in staking Tezos yourself, you'll first need to set up an XTZ node. This demands some technical knowhow, as well as a commitment to remaining online and updating node software when necessary. Additionally, you'll need to hold — or be delegated — at least 8,000 XTZ. Depending on the current Tezos price, this can be quite expensive!

If that sounds like too much hard work, you can always delegate XTZ to the OKX Pool's baking service. You'll earn between 5.3% and 6.3% in annual passive income while supporting the Tezos network's security. There's no minimum amount to delegate, and we offer both fixed-period and flexible options. Find out more about Tezos staking at OKX .

Currently, one Tezos is worth $0.672. For answers and insight into Tezos's price action, you're in the right place. Explore the latest Tezos charts and trade responsibly with OKX.
Cryptocurrencies, such as Tezos, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Tezos have been created as well.
Check out our Tezos price prediction page to forecast future prices and determine your price targets.

Dive deeper into Tezos

Tezos is an open-source Proof of Stake (PoS) blockchain network that supports peer-to-peer (P2P) transactions between network participants and smart contracts. It was a pioneer of the decentralized governance model, which is now the preferred governance model in the blockchain industry. Tezos' mainnet launched in September 2018 following a record-breaking $228 million initial coin offering (ICO).

Tezos, also known as the "self-amending" blockchain, allows users to take on prominent roles in its governance system. At the same time, the network has established a more eco-friendly method of achieving network-wide consensus when validating transactions and implementing governance-related activities.

Change proposals can be made by any network participant who stakes (also known as "bake" in the Tezos ecosystem) a minimum of 6,000 XTZ tokens in a smart contract, which is then voted on by the community's "bakers." Each proposal is subjected to three rounds of voting before being tested for safety on a test network. If the proposal passes the test and still has a majority vote at the end of the voting period, it is added to the main network.

The idea behind this governance system was that it would allow the network to operate in a more decentralized manner than typical blockchain networks by requiring important change decisions to be voted on by network participants before being implemented. Furthermore, such a governance system may reduce the likelihood of a blockchain being forked.

XTZ price and tokenomics

XTZ is an inflationary currency without a supply cap. Approximately 80 new XTZ tokens are issued every minute, giving it an annual inflation rate of around 5.4 percent. Given that more tokens are constantly being added to the supply, the XTZ price may fall over time. To avoid this, the team has devised methods for permanently removing XTZ from the circulating supply.

Notably, the protocol slashes and burns a portion or all of the staking capital of bakers found to be acting maliciously. Furthermore, XTZ is burned whenever a KT1 account or a smart contract for holding delegated XTZ is created.

Despite the large number of XTZ tokens in circulation, only a small number of XTZ tokens are available to the public because nearly 80 percent of XTZ tokens in circulation had been locked up to earn staking rewards as of April 2021.

XTZ distribution

Following the launch of the Tezos mainnet, a total of 763,306,929.68 XTZ tokens were issued and distributed as follows:

  • 79.59 percent of the supply was shared among ICO participants
  • 0.41 percent went to early supporters, advisors, contractors, and backers
  • Dynamic Ledger Solution claimed 10 percent of the supply
  • 10 percent went to the Tezos Foundation

About the founders

Tezos was founded by Arthur and Kathleen Breitman, a husband and wife team who both worked in finance. Arthur, who had a background in math and computer science, worked in quantitative finance at Morgan Stanley, while Kathleen was a hedge fund consultant. Tezos was proposed by the duo in 2014, and development began through Dynamic Ledged Solutions Inc, a startup founded in 2015 to develop the Tezos platform.

The Tezos Foundation was founded in 2016 with the help of Johann Gevers to support the promotion and development of the Tezos blockchain. In June 2017, in collaboration with the Tezos Foundation, the Brietmans conducted one of the most successful ICOs ever. By the end of the ICO, the project had raised approximately $232 million in Bitcoin and Ethereum. However, the distribution of tokens to investors took longer than expected due to a series of internal disputes between the Breitmans and Johann Gevers, the then-president of Tezos Foundation.

In September 2018, following the resignation of Gevers and another board member of the Tezos Foundation, the mainnet version of the Tezos blockchain was launched.

Ever since it officially went live in 2018, Tezos has looked to partner with crypto firms and brands well known to the average internet user. One of Tezos's most prominent partnerships is its deal with McLaren Racing. In June 2021, McLaren Racing announced that Tezos has emerged as its official blockchain partner. The British motor racing team revealed plans to create an exciting fan experience via NFT technology provided by Tezos.

In addition to the McLaren Racing partnerships, Tezos has secured deals with other high-profile brands, including Red Bull, Manchester United, Ubisoft, and Team Vitality.

Tezos highlights

Tenderbake upgrade

The Tezos blockchain received a significant upgrade in April 2022. The Ithaca 2 upgrade changed the blockchain protocol's mining algorithm from the previous "Emmy" to the new Tendermint-inspired "Tenderbake," with the goal of shortening block times, speeding up transactions, and making applications run more smoothly on the platform. Ithaca 2 also included new network-scalability features such as rollups for Ethereum Virtual Machine (EVM) and WebAssembly compatibility. The upgrade also reduced the amount of XTZ tokens required to become a baker from 8,000 to 6,000.

Rarible integration

Rarible, one of the world's largest non-fungible token (NFT) marketplaces, integrated its platform with the Tezos blockchain in December 2021, making Tezos the third blockchain it integrated with. Tezos-native NFTs can now be traded on Rarible thanks to the integration. To commemorate the occasion, Rarible and Tezos launched an inaugural NFT collection called Blazing Futures.

Manchester United sponsorship

On February 10, 2022, European soccer club Manchester United, one of the world's largest soccer clubs, announced a multi-year sponsorship agreement with Tezos that will see the Tezos brand name featured on their range of training kits. The contract is said to be worth $27 million per year. Tezos had previously signed similar deals with Formula One's McLaren Racing and Major League Baseball's New York Mets.

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

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Market cap
$712.87M #63
Circulating supply
1.06B / 1.08B
All-time high
$9.151
24h volume
$15.28M
3.5 / 5
XTZXTZ
USDUSD
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