Tezos
About Tezos
Tezos is a unique platform that supports decentralized applications and smart contracts. It has been designed with the goal of self-amendment and on-chain governance, allowing it to avoid dangerous hard forks. Supported by the Switzerland-based Tezos Foundation, Tezos has developed its own protocol for managing changes on its network.
In the last hour, Tezos's price has seen a change of -0.43%, and over the past 24 hours, its price has moved by -1.25%. Over the previous week, Tezos's price has moved by -11.02%. The current price of Tezos is BHD 0.1236, accompanied by a trading volume of 3.482M in the last day. Tezos's price is currently 96.43% below its all-time high of BHD 3.4605, which remains the highest price Tezos has achieved since its launch. The circulating supply of Tezos stands at 1.097B, translating to a total market capitalization of 135.6M.
Market stats
Frequently asked questions
What is Tezos?
Tezos and its token (XTZ) are an open-source blockchain that supports Delegated Proof of Stake (DPoS), developed to support and run decentralized applications and smart contracts. The concept of Tezos was first proposed in 2014, and its mainnet launched in 2018. Since then, it has experienced strong growth and momentum, becoming a formidable competitor to the Ethereum network. The Tezos ecosystem is supported by numerous entities around the world, including the Tezos Foundation, a Swiss nonprofit organization responsible for initiatives aimed at raising awareness of the Tezos blockchain and encouraging its use.
How does the Tezos network work?
The Tezos blockchain was built to support Delegated Proof of Stake (DPoS), which is characterized by its ability to update itself autonomously without the need for a Hard Fork. Any new network upgrade goes through five stages: proposal submission, an initial voting process, review, a final voting process, and finally, the adoption of updates. XTZ token holders participate in voting on these updates, ensuring that network development occurs in a decentralized manner. Validators, known as “Bakers,” stake XTZ tokens to verify transactions and create new blocks in exchange for rewards, while users who do not wish to run a validator node can delegate their tokens to a validator to receive a portion of the staking rewards while retaining full ownership.
How do you buy XTZ on Rain?
Buying XTZ on Rain can be done in a few simple steps:
- Make sure you have funds in your fiat account or your card is added in the payment methods section.
- Select the cryptocurrency you want to buy from the home or portfolio page.
- Click Trade and choose Buy.
- Enter the amount you wish to buy in your preferred fiat currency.
- Select your payment method, either by selecting your card or using the funds in your fiat account.
- Click Next to review your transaction details.
- Click Buy Now to complete the purchase.
XTZ will be added to your wallet once the trade is executed. At Rain, we use cold storage to keep the majority of our customers’ assets offline.
Rain is licensed by the Central Bank of Bahrain (CBB) and the Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA). This provides our customers with a regulated framework for trading digital assets in the region.
Risks and considerations
Before buying XTZ, it’s important to understand the associated risks:
• Competitive risks: there are many competitors in smart contract networks such as Ethereum, Solana, and Cardano.
• Governance and regulatory risks: the value of the token may be affected by legislation and regulation.
• Security risks: you must protect your account with a strong password and two-factor authentication, and choose an appropriate storage method after researching it thoroughly.
• Price volatility risks: the token may be subject to sharp price fluctuations.
• Liquidity risks: liquidity may vary from time to time compared to major cryptocurrencies.
You should not purchase XTZ based solely on price predictions. Instead, you should study the whitepaper, the currency’s use cases, the project’s vision, and your risk tolerance before making any decision.
What is XTZ?
It is the native token of the Tezos network and is used to power the network, pay fees, and participate in governance and staking.
What is the circulating supply of XTZ?
The circulating supply of Tezos (XTZ) is approximately 1.09 billion units, while the total supply is approximately 1.11 billion units. There is no cap on the total supply. New tokens are continuously issued as rewards to validators.
Who are the “Bakers”?
They are validators who stake XTZ tokens to verify transactions, create blocks, and secure the network.
How to invest in Tezos?
Rain offers you a number of ways to start investing in Tezos, including buying Tezos through bank transfers or by using your bank card. To purchase Tezos on Rain, you can select Tezos in your Rain account, then click Trade and select Buy. Enter the amount you wish to buy and click Next to review and confirm your purchase.
How to buy Tezos with card?
Once you add your bank card to your Rain account, you can use it to buy Tezos directly. You can start by adding your card to your payment options on your Rain account. To purchase Tezos using your bank card, you can select Tezos, click Trade then select Buy. Enter the amount you wish to buy and choose your card from the payment options. Click Next to review and complete your purchase by following the instructions on the screen.
note: The purchase option with debit or credit card is not available for our users in Turkey
How to buy Tezos through bank deposit?
Rain enables you to buy Tezos using your local currency. You can deposit funds through bank transfer, a process which takes 1-4 business days depending on your location. You can start by depositing funds to your Rain account from your bank account. Simply click on Deposit and enter the amount you would like to transfer. Click next and copy the instructions that will appear on your screen to complete the transfer from your bank account. Note that Rain does not automatically pull funds from your bank account and you will need to manually transfer the funds from your bank account to Rain's banking information.
Within 1-4 business days, the funds will be available in your Rain account and you will be able to use them to complete purchasing Tezos. To do that, you can select Tezos in your Rain account, click Trade and select Buy. Enter the amount you wish to buy with and click Next to review and confirm your purchase.
How to sell Tezos?
This is an easy process that requires only a few clicks. Here are the steps needed to sell Tezos successfully:
On your Rain account, select Tezos then click Trade and select Sell. Enter the amount you wish to sell and click Next to review and confirm your sell transaction by entering an OTP. You will receive a confirmation email once the transaction is done with the details.
How to convert Tezos into cash?
Rain gives you the opportunity to sell Tezos and withdraw your funds from your Rain account to your local bank account. First, you need to add your personal bank account to your Payment Methods option on your Profile.
Once your bank account is added, you can sell Tezos and withdraw the funds to your bank account by clicking on Withdraw and entering the amount you wish to withdraw. Click Next to review and confirm your withdrawal information by entering an OTP.
Once the withdrawal request is submitted, you will receive a confirmation email that the withdrawal is being processed. Processing your withdrawal request can take between 1-4 business days.
How to receive Tezos?
If you would like to receive Tezos in your Rain account, simply click on Receive and select Tezos from the list at the top of the page. You can then either copy the address visible at the botom of the screen or share the QR code to to complete your receive transaction.
Make sure that you are using the correct network when receiving Tezos to avoid possible loss of funds.
How to send Tezos?
You can easily send your Tezos from your Rain account to any external wallet by clicking on Send and selecting Tezos from the list at the top of the page. Enter the amount you wish to send and add the external wallet address you are sending to. Click Next to review and confirm your send transaction by entering an OTP.
Why buy Tezos with Rain?
When you buy Tezos with Rain, you ensure that your assets are going to be safely stored on a regulated platform that follows strict compliance standards and is subject to periodic audits. Rain also uses bank-grade security measures like Cold Storage systems. Trading and storing Tezos on Rain also means that your asset is going to be stored on 1:1 basis, which means your assets will always be available to you.
What is a Tezos wallet?
A Tezos wallet is where you can securely store Tezos. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.
What is a Tezos address?
A Tezos address is a string of unique characters that is tied to your Tezos wallet. The address functions just like a bank account number and it is what you use in order to send Tezos from your wallet, or to receive Tezos to your wallet.
What trading pairs available for Tezos?
There are over 200 currency pairs available on Rain for you to trade with. You can trade Tezos with Bahraini dinar, Kuwaiti dinar, Emirati dirham, Omani rial or US dollar, depending on your location. Additionally, you can swap Tezos with 200 other assets like BTC, LTC, XRP, ETH. You can explore your options by visiting the market page on your Rain account: https://www.rain.com/market
What is the minimum order size to buy Tezos?
You can trade Tezos with any amount above $30 or equivalent in your account's currency. You can start trading Tezos now by clicking the Trade button on your Rain account.
What are the most popular cryptocurrencies besides Tezos?
Besides Tezos, you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.
What blockchain is Tezos built on?
Tezos is built on the XTZ blockchain. This determines how transactions are verified, fees are structured, and how compatible it is with wallets and other decentralized applications (dApps).
How do I keep my Tezos safe?
To keep your Tezos safe, make sure to use trusted wallets that support XTZ. Enable two-factor authentication (2FA), store long-term assets in cold wallets, and never share your private keys with anyone. You can always refer to our Security & Policies section for more tips.
What will the price of Tezos be in next 5 years?
Price predictions for Tezos over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.
Is trading Tezos taxable?
Trading Tezos may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.
What is Tezos's ATH?
Tezos’s all-time high (ATH) was BHD 3.4605 on 04 Oct 2021. This represents the highest recorded market price of the asset to date.
What is the market cap of Tezos?
With a market capitalization of 135.6M, Tezos is ranked 97 among other crypto assets.
What is the all-time high of Tezos?
The highest valuation of Tezos since its launch was at BHD 3.4605, marking its all-time high.
What is the 24-hour trading volume of Tezos?
The trading activity of Tezos over the last 24 hours was at 3.482M, highlighting its liquidity in the market.
How many Tezos are there in circulation?
There are approximately 1.097B units of Tezos currently in circulation, affecting its market dynamics.
What is the relative popularity of Tezos?
Tezos market cap is around 135.6M.
When was Tezos created?
Tezos was introduced on 30 Jun 2018.
Website
White paper
Source Code
