# Cilistia

By [claimpilot.eth](https://paragraph.com/@claimpilot) · 2023-01-22

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**For the first time, the concept of “peer-to-peer (P2P) decentralized market” appeared thanks to Cilistia. This cryptocurrency market is a prime example of revenue sharing, which equates to as much as 70%. The main advantage that distinguishes it from a centralized exchange is that the user does not need a 3rd party that performs the role of storage or directly - mediation with the currency. Smart contracts regulate this process to facilitate communication between buyers.**

**When staging a transaction, the safety of funds under the secure payment agreement used when concluding sales contracts is ensured until both parties to the procedure declare that the transaction has been completed.**

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At the moment, the most popular type of token is the utility token. It provides access to the company's services after a specific period of time. For Cilistia, this is $CIL, which performs a number of tasks:

*   service token of the exchange;
    
*   pledge;
    
*   income from staking.
    

Staking is a specific mechanism that rewards users when they lock their moments. Payment option holders can receive their rewards in both $CIL and ETH.

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The total amount of $CIL is 5 million. They are divided into the following groups:

*   20,000 - a strategy for promoting a crypto project;
    
*   50,000 private sales of Cilistia;
    
*   50,000 (including ETH) - liquidity;
    
*   250,000 - partnership and developers of this community;
    
*   1,000,000 - for investors who are distributed on a linear basis over two years;
    
*   3,630,000 - staking reward.
    

The initial position, when only the launch occurs, is 120,000 $CIL.

The token brings 70% of the income from the exchange when staking, when a participant stakes his tokens, he will receive a percentage for transactions on the market. So Cilistia motivates them to protect the network and get nice bonuses at the same time.

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The $CIL rate allows sellers to trade 50% of the value of the wagered amount on the market in different currencies. They include: such as ETH, USDC, USDT and WBTC. Any placement of $CIL - attracts people to the market itself. The token can be unlocked and withdrawn - at any convenient time for the user. But it is important to consider that with an existing open transaction within the exchange, withdrawal access is blocked for a week.

If the seller commits fraudulent manipulations, the wallet address is blacklisted by voting.

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It is worth noting that there is a minimum price fund in the Cilistia protocol. Its function is to ensure the price of the token is above the designated threshold. Of the income received, 10% goes to the fund. Its action begins activity when the price set in the contract decreases. In the control panel - everyone will be able to independently see the very minimum price.

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*Originally published on [claimpilot.eth](https://paragraph.com/@claimpilot/cilistia)*