Tezos price

Tezos price

Price change from 00:00 UTC until now

Tezos market information

Market cap
Circulating supply
990,709,095 XTZ
Market cap ranking
24h high
24h low
All-time high

XTZ calculator

Our current rate
1 XTZ ≈ $0.76500

Tezos price performance in USD

The current price of Tezos is $0.76500. Since 00:00 UTC, Tezos has decreased by -0.91%. It currently has a circulating supply of 990,709,095 XTZ and a maximum supply of 1,011,258,554 XTZ, giving it a fully diluted market cap of $761.95M. At present, Tezos holds the 68 position in market cap rankings. The Tezos/USD price is updated in real-time.
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About Tezos (XTZ)

The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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Tezos is an open-source Proof of Stake (PoS) blockchain network that supports peer-to-peer (P2P) transactions between network participants and smart contracts. It was a pioneer of the decentralized governance model, which is now the preferred governance model in the blockchain industry. Tezos' mainnet launched in September 2018 following a record-breaking $228 million initial coin offering (ICO).

Tezos, also known as the "self-amending" blockchain, allows users to take on prominent roles in its governance system. At the same time, the network has established a more eco-friendly method of achieving network-wide consensus when validating transactions and implementing governance-related activities.

Change proposals can be made by any network participant who stakes (also known as "bake" in the Tezos ecosystem) a minimum of 6,000 XTZ tokens in a smart contract, which is then voted on by the community's "bakers." Each proposal is subjected to three rounds of voting before being tested for safety on a test network. If the proposal passes the test and still has a majority vote at the end of the voting period, it is added to the main network.

The idea behind this governance system was that it would allow the network to operate in a more decentralized manner than typical blockchain networks by requiring important change decisions to be voted on by network participants before being implemented. Furthermore, such a governance system may reduce the likelihood of a blockchain being forked.

XTZ price and tokenomics

XTZ is an inflationary currency without a supply cap. Approximately 80 new XTZ tokens are issued every minute, giving it an annual inflation rate of around 5.4 percent. Given that more tokens are constantly being added to the supply, the XTZ price may fall over time. To avoid this, the team has devised methods for permanently removing XTZ from the circulating supply.

Notably, the protocol slashes and burns a portion or all of the staking capital of bakers found to be acting maliciously. Furthermore, XTZ is burned whenever a KT1 account or a smart contract for holding delegated XTZ is created.

Despite the large number of XTZ tokens in circulation, only a small number of XTZ tokens are available to the public because nearly 80 percent of XTZ tokens in circulation had been locked up to earn staking rewards as of April 2021.

XTZ distribution

Following the launch of the Tezos mainnet, a total of 763,306,929.68 XTZ tokens were issued and distributed as follows:

  • 79.59 percent of the supply was shared among ICO participants
  • 0.41 percent went to early supporters, advisors, contractors, and backers
  • Dynamic Ledger Solution claimed 10 percent of the supply
  • 10 percent went to the Tezos Foundation

About the founders

Tezos was founded by Arthur and Kathleen Breitman, a husband and wife team who both worked in finance. Arthur, who had a background in math and computer science, worked in quantitative finance at Morgan Stanley, while Kathleen was a hedge fund consultant. Tezos was proposed by the duo in 2014, and development began through Dynamic Ledged Solutions Inc, a startup founded in 2015 to develop the Tezos platform.

The Tezos Foundation was founded in 2016 with the help of Johann Gevers to support the promotion and development of the Tezos blockchain. In June 2017, in collaboration with the Tezos Foundation, the Brietmans conducted one of the most successful ICOs ever. By the end of the ICO, the project had raised approximately $232 million in Bitcoin and Ethereum. However, the distribution of tokens to investors took longer than expected due to a series of internal disputes between the Breitmans and Johann Gevers, the then-president of Tezos Foundation.

In September 2018, following the resignation of Gevers and another board member of the Tezos Foundation, the mainnet version of the Tezos blockchain was launched.

Ever since it officially went live in 2018, Tezos has looked to partner with crypto firms and brands well known to the average internet user. One of Tezos's most prominent partnerships is its deal with McLaren Racing. In June 2021, McLaren Racing announced that Tezos has emerged as its official blockchain partner. The British motor racing team revealed plans to create an exciting fan experience via NFT technology provided by Tezos.

In addition to the McLaren Racing partnerships, Tezos has secured deals with other high-profile brands, including Red Bull, Manchester United, Ubisoft, and Team Vitality.

Tezos highlights

Tenderbake upgrade

The Tezos blockchain received a significant upgrade in April 2022. The Ithaca 2 upgrade changed the blockchain protocol's mining algorithm from the previous "Emmy" to the new Tendermint-inspired "Tenderbake," with the goal of shortening block times, speeding up transactions, and making applications run more smoothly on the platform. Ithaca 2 also included new network-scalability features such as rollups for Ethereum Virtual Machine (EVM) and WebAssembly compatibility. The upgrade also reduced the amount of XTZ tokens required to become a baker from 8,000 to 6,000.

Rarible integration

Rarible, one of the world's largest non-fungible token (NFT) marketplaces, integrated its platform with the Tezos blockchain in December 2021, making Tezos the third blockchain it integrated with. Tezos-native NFTs can now be traded on Rarible thanks to the integration. To commemorate the occasion, Rarible and Tezos launched an inaugural NFT collection called Blazing Futures.

Manchester United sponsorship

On February 10, 2022, European soccer club Manchester United, one of the world's largest soccer clubs, announced a multi-year sponsorship agreement with Tezos that will see the Tezos brand name featured on their range of training kits. The contract is said to be worth $27 million per year. Tezos had previously signed similar deals with Formula One's McLaren Racing and Major League Baseball's New York Mets.

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What is Tezos?

Tezos is an energy-efficient, PoS blockchain known for being a pioneer of the decentralized governance model that is now prevalent in the world of decentralized blockchain-supported apps and networks. Arthur and Kathleen Breitman, a married couple, founded it in 2018.

Is there a lock-up requirement for XTZ baking?

Tezos operates a flexible baking system that allows users to take out their XTZ tokens without waiting for a lock-up period to elapse.

How does voting work on Tezos?

Tezos' consensus protocol also serves as a governance component. When you "bake," you are eligible to vote on proposals. Furthermore, for those who have delegated their tokens, the delegates get to vote on their behalf. As such, it is best to choose a delegate who shares your principles.

Where can I buy XTZ?

Easily buy XTZ tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include XTZ/USDT.

You can also buy XTZ with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Tether (USDT), and USD Coin (USDC), are also available.

Alternatively, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for XTZ with zero fees and no price slippage by using OKX TR Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into XTZ, visit the OKX TR Crypto Converter Calculator. OKX TR's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

How much is Tezos worth today?
Currently, one Tezos is worth $0.76500. For answers and insight into Tezos's price action, you're in the right place. Explore the latest Tezos charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Tezos, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Tezos have been created as well.

XTZ calculator

Our current rate
1 XTZ ≈ $0.76500