The Future is Here: The Crypto Chat Application That Monetises
In today’s digital age, the demand for quicker and near-instant replies is only increasing. With our behaviours and lifestyle constantly changing, the applications are also evolving and adapting to fit our needs — from a simple WhatsApp messenger to a workflow-heavy Slack messaging services. As a digitally reliant society demanding almost instant feedback, it is no doubt that chat applications are one of the most downloaded applications on the iOS store and Android app stores today.
However, even with the wide range of applications available today, the one thing even the most popular chat applications are lacking is the ability to monetise engagement and activity on the applications, which could benefit not only the creator, but the users at the same time. This is where Consentium exists to bridge the links between both — becoming the Platform for Communities.
Consentium is a best-in-class chat application with consumer-to-consumer (C2C) multi-digital currency transfers and a proprietary Chat Community Monetisation Model (CCMM). The cryptocurrency, Consentium Coins (CSM), generated on the platform are based on the Ethereum platform, which is the world’s largest leading smart contract blockchain.
1. Security and Privacy come first.
The high-level chat encryption via SHA-256 Hash algorithm is key to a safe, secure and private chat network. SHA-256 hash algorithm is a one-way cryptographic hash. This hash algorithm generates an almost unique and fixed-size hash while being a one-way function, which means it will be impossible for information transmitted on the platform to be decrypted back.
All users on the platform can be assured that the high-level security and encryption would be the assurance to their privacy.
2. Sustainability for and Recurring Activity of all users.
Besides a low-fee and secure C2C digital cryptocurrency transfers, Consentium is also a multi-cryptocurrency E-Wallet. By allowing conversions from Fiat money to BitCoin (BTC), Ether (ETH), CSM and vice versa, this helps to introduce a sustainable future-proof application that serves to host core businesses and propagate real-world communities — becoming the go-to platform which all businesses and communities will rely on for their communicative needs.
3. The Future of Group Messaging
Group chats today are often widely used — from casual family get-togethers to becoming a marketing platform to directly reach out to potential and existing clients. For Consentium, we are truly challenging the boundaries of group chats and messaging. What if both creators and users of the group chat would benefit by being more active and contributing quality content? This is what happens on Consentium.
A possible feature, VIP groups, far surpass the native idea of ‘ultra-groups’, referring to groups with more than a thousand members. VIP groups allow “influencer” users, which are users with high reputation scores, to create exclusive groups with a paid entrance fee. Celebrities and thought leaders could find this feature useful as a platform for engaging their communities, while generating tangible value for their time and attention.
The question is, what would such a chat application be like for different people, and how would it fit to bring in different communities?
Consentium for Business Owners
Just imagine being a business owner, you would soon be able to create your own exclusive groups to connect with your potential and existing clients. Purchases and secured transactions could be taking place within the groups, not forgetting that the E-Wallet comes in as a convenient addition to attract even the newest of users.
Besides this, Consentium might allow for participating merchants to use CSM to run advertisement content on the platform. This would then serve as another alternative to marketing channels, and in fact, better than existing advertising platforms as it would be
Consentium for Content Creators
While anyone would be able to create content and earn CSM, this open marketplace concept would encourage more competition between content creators and hence, high-quality content would be created and shared across the platform.
A pay-to-unlock “hidden” feature on the creatives would also incentivise for more transactions and activity on the app, while allowing content creators to earn additional tokens as they create content, from video, pictures to audio, to be shared.
Consentium for Developers
Like some existing chat applications out there, bots would be allowed on the platform, allowing developers and even business owners to leverage on this feature to perform services. Just imagine replying to a group chat while also being able to conveniently access a food delivery service and pay for it, all without even leaving the application.
While food delivery is an example of the services bots could do, games within messenger apps are also an untapped but worthy aspect for developers to consider. The stickiness of the game then no longer relies solely on the game and its hooks, as Consentium would have other draws to remind the users of its existence on the smartphone.
Consentium for Everyday People
For the regular people, Consentium’s community and user reward system would have a huge part to play in your daily usage of the app. This system is based on the creation of quality groups, which is determined by the number of users in a group as well as the reputation of these users. Each user’s reputation is in turn determined by the size and number of transactions done in the last 30 days. The quality of each group is determined by the number of users with a reputation that is rated 5 out of 10 or above, within the group.
With this system, it incentivises users to stay active on the app, creating not only a trusted environment of relevant communities, but also benefiting from the group rewards. The percentage of share of pool increases as the groups get bigger, and this in turn generates accumulative amounts of tokens redistributed to users of Consentium.
Now, it is no longer difficult to imagine that every action you take within a seemingly simplistic chat application could reward you. It is even better to realise that almost anything could be done within the application — from transactions to creating high-quality content — bringing the actuality of what today’s technology could ever provide.
Today, the future is here — Consentium is the Platform for Communities.
