Concrete Launches Foundation and Unveils Ethereum-Based CT Token

On-chain revenue protocol Concrete has launched the Concrete Foundation, responsible for governance and financial management, and unveiled its Ethereum-based governance token CT. In a statement released on the 18th, Concrete confirmed that CT is an ERC-20 token with a fixed supply of 1 billion tokens issued on the Ethereum network, featuring no inflation mechanism.

Eligible holders can lock or stake CT to participate in protocol decision-making processes including strategy approval, collateral classification, fee structures, and financial policies. Token generation details will be disclosed separately, with no current plans for claims, pre-sales, or early access programs.