Consentium Ecosystem Update 嘉信生态系统更新

Consentium Supply reduction and Supernodes Program嘉信代币供应减少和质押功能

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Consentium

4 min readNov 28, 2019

Over the last year, Consentium has made leaps and bounds in its development, all the while keeping its users at the heart of its progress. We’ve taken your user feedback seriously, and thus by year-end, we will be releasing Consentium’s most powerful version yet. It’s not just an upgrade, it’s a complete rebuilding and reimagining of the Consentium app — an all-new chat interface, staking and reward experiences, and many more secret features to come!

As part of the Consentium roadmap integrating with blockchain technology, the Consentium SuperNodes Program (CSM-SN) will be an integral part of an innovative chat-ecosystem-blockchain by March 2020. The use-case of the CSM token has evolved beyond a transactional-based currency to a utility token, thereby changing the way the entire Consentium ecosystem interacts with the token, and how the overall supply will function.

By introducing utility of the token in its most effective form, Consentium will evolve into a Node-based infrastructure where the CSM token will be used specifically as incentives for running SuperNodes within a protocol layer, allowing a true Distributed Ledger Technology (DLT) to be sustainably maintained.

Our Aim to Further Reward our Token Holders

To reduce the overall circulating supply of tokens by 80% by March 2020. This is a necessary event to ensure a healthy token ecosystem in a SuperNode environment. The first phase of this has already begun, with the regular burning of CSM tokens every month.

About the Consentium SuperNodes (CSM-SN) Program

CSM-SN will form the governance of the CSM protocol. By joining our SuperNodes Program, you will be receiving a CSM-SN token representation.

Application for SuperNodes Program starts on 1st December 2019 to 31st March 2020. The price of SuperNodes is dependent on the date of the sign up:

How does Consentium SuperNodes (CSM-SN) reward works?

Each CSM-SN will generate CSM tokens monthly. The number of tokens generated is dependent on the total number of CSM-SN issued and also dependent on the total number of CSM (ERC20) collected.

The total number of CSM collected will generate a greater reward for each SuperNode as seen in the table below:

Moving Forward with Consentium

Here is an overview of the Consentium roadmap for our next phase:

*Users choosing to swap CSM (ERC20) to CSM (new tech) after March 2020 will be capped at a limit based on the CSM (new tech) generated. (To be announced)

How to apply for Consentium SuperNodes (CSM-SN):

Applicants will be required to deposit CSM tokens to the address below using a MEW or IMToken wallet: 0x360c986cE8ac5F35151C69F253A0FaFD20cB130E

2. Applicants will receive a CSM-SN Token Representation based on the rate they have deposited.

3. Starting April 2020, users will be credited with CSM-SN directly back to the same account to replace their Token Representation.

We are excited for this next phase in our development towards the goal of being a true distributed-ledger-based company, and look forward to working even more closely with our community through our SuperNode governance implementation!

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