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What is Tezos?

Tezos describes itself as "a blockchain that can evolve by upgrading itself", noting that: "Stakeholders vote on amendments to the protocol, including amendments to the voting procedure itself, to reach social consensus on proposals. Tezos supports smart contracts and offers a platform to build decentralized applications."

Recent Tezos Stories by Messari

💱 Kraken listing Tezos (XTZ)

Crypto exchange Kraken announced that it would list Tezos ($XTZ). Trading began on Tuesday. Tezos has three key features: liquid proof-of stake consensus, smart contract verification, and on-chain governance.

🥧 Number of Tezos bakers is growing

After about three weeks of operation the Tezos ($XTZ) blockchain has seen an increase in the number of validators, or what they call bakers, on the network. Despite a range of bakers, 108 in total excluding those run by the Tezos foundation, concentration remains a concern. Currently, the top two bakers control 20 percent of all staked XTZ while the foundation controls slightly less than 50 percent.

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Tezos & Related News


Tezos Historical Price Lookup

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Tezos Supply Snapshot

Current supply


Y2050 supply (est.)


% Y2050 Issued



Perpetual inflation





Ongoing emission type

5% annual inflation

Supply Details

Tezos conducted an ICO from June 28, 2017 to July 13, 2017, in which 65,681 BTC and 361,122 ETH were raised. In return, 607,489,040 XTZ allocated for ICO participants will be created at genesis. On top of the initial genesis supply, an additional ~76.3 million XTZ will be created for the Tezos Foundation and DLS (Dynamic Ledger Solutions). The XTZ that will be created and allocated to the Foundation and DLS is subject to a 4-year vesting schedule with monthly cliffs. This will create an aggregate allocated supply of 763,306,929 XTZ.

In addition to the aggregate allocated supply, Tezos plans to employ ongoing proof-of-stake rewards. Entities who stake, called "bakers", will collectively receive 5%* annual inflation in the form of new XTZ. Note that because anyone can "bake", this issuance is theoretically non-dilutive for existing XTZ holders who opt to bake.

* The whitepaper notes that this figure may go up to 5.4%, but that there's also an additional possibility that the protocol may be changed to have an asymptotic (ie, capped) ultimate supply curve.