This Chat Community Monetisation Model is the Answer to Cryptocurrency Applications
What if earning coins could be as simple as downloading a chat application, staying active and contributing quality content? Previously, we mentioned what Consentium is and how it would benefit anyone and everyone. Today, we will address the mechanism behind these rewards.
To have a rough understanding about how powerful a digital community is, just do a quick search on Telegram channels based on the word “crypto” and the first three results displayed already consists of more than twenty thousand members each. Now, imagine what it would be for a chat application that creates communities beyond crypto-people all on one platform that incentivises activity.
While Telegram’s latest ICO plans are opening new doors for chat applications, it still does not allow users to monetise their time, contributions or incentivise community creation. Being the platform for communities, Consentium’s Chat Community Monetisation (CCM) Model does exactly that.
What is Consentium’s Chat Community Monetisation (CCM) Model?
Like every other platform, Consentium also has its transactional fees. All transfers of cryptocurrencies will be charged a network usage nominal fee of 1% — which will be borne equally by both parties (the transferor and transferee). For example, at 0.5% each.
All transactional fees would be then escrowed in the distribution pool via a cold wallet — which means it is stored offline and hence, extremely secured. Besides this, you will be glad to know that at every step and juncture, the process of transfers and storage for both ways is done through a secure and encrypted environment, offering you peace of mind while making it extremely convenient.
On a monthly basis, these funds are then parsed through the CCM module and automatically reallocated fully to the community creators and users based on the preset criteria in each group.
So, Why Should You Care?
1. Fast Growing Users = Revenue for Creators
Of course, a crypto-focused chat application will ultimately attract a huge base of cryptocurrency communities. As the go-to chat app for cryptocurrency communities, a fast and increasing number of users will be joining the chat application for its benefits and convenience of facilitating quick cryptocurrency transfers between users. The CCM taps on this and offers revenue to creators and developers in return, based on group size, which will be discussed in the next article.
2. You Know the Importance of Networking
As with personal and working relationships, the key to opening new doors of opportunities is through network and the expansion of it. Word-of-mouth is one of the most valuable way to reach out to potential clients and expedite the growth of any businesses. With the tiered reward approach, you can now utilise network effects to benefit active users while creators can tap on the revenue share based on their group size.
Besides that, these creators can stream down revenue to further incentivise sub-creators or moderators to create sub-communities and hence, expand on user growth at a fast rate. Mimicking real life interactions, the word-of-mouth and advocating for a brand would now be seen on this cryptocurrency chat application.
3. More Opportunities: Entrepreneurs on the Rise
Besides social media, this is the future of engagement with potential and existing clients. With a chat application with these many features and rewards for users, whole businesses would be conceptualised along the line of Consentium. If you are one to take a chance on a fresh platform of high potential, you should be excited to know that you can now build a customer base while directly monetising on your community.
This also offers businesses convenience because reaching out and delivering messages to clients are no longer an issue when they are incentivised to stay updated without paying an additional cent.
With an absence of such rewarding features for an extremely digitally active society today, Consentium is the answer to this digital age.
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.
