Consentium, The New Messaging App to Reward Users with Cryptocurrency

“Consentium is re-defining what a mobile chat app does. Not only can our users communicate with friends, families and people in their networks, but also uniquely monetize their in-app experiences. We are immensely pleased with follow-on funding into Consentium which demonstrates a healthy investment appetite from investors to build our vision of a fintech and community first chat app.” said Hal Bame, co-founder of Consentium.

Based in Singapore, Consentium is the first messaging app that offers in-built cryptocurrency transactions and also rewards users for engagement via its app.

Consentium uses a reward system based on the creation of quality community groups. The app uses Consentium coins (CSM) generated on the platform, based on Ethereum platform. The Consentium team also plans to roll out support for additional features in the next 12 months alongside with better security and encryption functions.

A multi-currency wallet will also be included while offering support for the top 10 cryptocurrencies and conversion from BTC and ETH.

The innovative program that Consentium created incentivises users to build their own community and engage with them. This Chat Community Monetization Model is a system that rewards users for building their own community with reputable members. Not only does this system rewards users for building a following, it keeps the community engagement healthy by having people leading their groups accountable for the information they send out which means that users would need to protect their reputation by curating the information they send out.

Consentium addresses a few rising issues that we face in this generation. With our current go to apps having privacy and security issues, Consentium definitely addresses the rising issues that we face in this generation.

Consentium coins (CSM) will also be listed on MegaXstore as another payment currency. Users can now use their Consentium coins to purchase items off www.megaxstore.com!

About Consentium

Consentium is the first chat application to reward its users with cryptocurrency for any group or community they create. The Consentium Coins (CSM) cryptocurrencies generated on the platform are based on the Ethereum platform, the world’s largest leading smart contract blockchain.

About MegaXstore

MGX is a store for millenials, by millenials. Its catalogue of products are carefully sourced and curated. MGX is also a Singapore-owned and operated multi-label store with four brick-and-mortar stores islandwide.