"Canton's Tokenomics Explained: Why We Chose Not to Pursue an ICO"

Canton Network's Emergence: Canton Network is a new layer one blockchain aiming to compete with established protocols like Ethereum and Solana, focusing on serving large-scale financial institutions while avoiding initial coin offerings (ICOs) and token pre-mines.

Development Approach: The development of Canton Network took a decade, emphasizing a measured rollout and learning from the challenges faced by other blockchain projects, particularly regarding privacy and functionality.

Privacy Features: Canton Network incorporates privacy features that allow for information sharing on a need-to-know basis, differentiating it from other privacy-focused protocols like Zcash, which prioritize anonymity.

Significant Backing: The network has garnered substantial financial support from major players in the financial sector, including BNP Paribas and Goldman Sachs, to advance its goals in real-world asset tokenization and secure transactions.