Multi Digital Currency &
Group Monetisation Chat Application
Platform for Communities
Read the Whitepaper
The bedrock of CONSENTIUM CCM engine lies in its transactional fee redistribution program as an incentive to create and cultivate strong in-app communities.
The aim of CONSENTIUM is to transcend simplistic chat applications, and develop a sustainable future-proof application that can serve 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.
Chat-apps should not stop short at e-commerce and remittances, but should develop to dominate as the business and community platform of the future. This is the mandate of CONSENTIUM - to emerge as the Platform for Communities.
High level chat encryption via SHA-256 hash algorithm
Low-fee, secure C2C digital cryptocurrency transfers
Conversion from Fiat to BTC/ETH/CONSENTIUM
Multi-currency crypto wallet
Chat Community Monetisation Model (CCM) automated engine
The CCMM serves as an innovative way to automate and incentivise in-app community building. This is not currently something offered by other chat-apps in the market today.
All transfers of cryptocurrencies between users on CONSENTIUM will be charged a network usage nominal fee of 1%. The 1% fee will be borne equally by both transferor and transferee (e.g 0.5% each party).
All transactional fees will enter and be escrowed in the distribution pool via a cold offline wallet. The process of transfer (2-way) and storage is through a secure encrypted environment at every step and juncture.
From the distribution pool, on a monthly basis, funds are parse through the CCM module and automatically reallocated fully to the community creators and users based on preset criteria.
Users are graded on a tier of 1 - 10 for the reputation count, based on the number of transactions done in the last 30 days, or the total size ($) in transactions in the last 30 days. The system of attribution uses a sliding window approach, measuring the last 30 days, in order to ensure that users are active, and incentivised to stay that active.
The measure of quality groups will be based on the total number of users with reputation of 5 and above. This is to benchmark groups with active and trusted participants, rather than simply group size or a large number of trusted individuals, leading to less exploits or gaming of the CCMM system.
Based on a quality group measurement matrix, the distribution pool of transactional-fees enter the CCMM to be redistributed to applicable groups. Example, If there are 100 groups of the “Ultra” group type, then all 100 would have a share of 40% of the monthly pool equally.
Payment channels - Although tokens can move from user to user (and also from user to smart contract), each one of these transfers (called “transactions”) require that the global Ethereum ledger be updated. A transaction requires the requester to pay ether to the node making the ledger update. Before seeing the updated token balances, all users must wait for the next ledger update, which takes about 15 seconds in Ethereum.
With the issuance of Consentium Coins (‘CSM’), we create a Users-as-Stakeholders network, allowing the behavior of the network and its software, to become aligned with the interests of its Users.
The Consentium Coin is required for certain features of the client. In addition, it enables users to steer the direction of development and influence how the network evolves over time. A benefit of this model is the network effect it creates. Just as Facebook shifted our social attention to build network effect on its closed platform, the Consentium Coin will leverage our economic attention to build the network effect of an open platform. We believe that cryptoeconomic systems will have even stronger pull than the social ones. Our survival instincts, which heavily influence our economic interests, are stronger than purely social ones, thus leading to faster adoption of Ethereum and tokens as technologies.
15 years experience in eSports, Managing Director for ESL South East Asia. Co-Founded Nemesis, gaming platform for emerging markets.
Chief Technology Officer
Technology entrepreneur for 20 years, Founded largest gaming platform in South East Asia Viwawa, Founded SoftPay, largest Mobile POS in Vietnam.
Chief Marketing Officer
10 years experience in marketing and growth, Founding member and SVP for Pangea Money Transfer. Founded T'empa, organic frozen food brand
Hal has amassed over 15 years of international video games, technology and Blockchain industry experience across global markets. He currently works as Co-Founder and CBDO at iProdoos, (a SmartChain Media Company), which is a new streaming entertainment offering that merges premium content, social media and crowdfunding into one, easy to use platform. Hal also advises both Asia and US-based Blockchain related companies.
Hal previously worked in the esports industry with ESL (the worlds leading esports company), developing the company's business in Southeast Asia, Hong Kong, Taiwan, Macau and Japan. Hal remains co-founder at Nemesis, a Singapore-based startup and casual esports gaming platform focusing on B2B and mobile. Prior to that, Hal held roles at Codemasters, as Vice President of Distributor Territories and Emerging Markets and previous to that, he was with Sony Computer Entertainment Europe (PlayStation), heading up their efforts in Central and Eastern Europe.
Jeremy Khoo is a business operator with a passion for the Southeast Asian e-commerce space, currently focused on establishing iFashion as a leading regional fashion and lifestyle retail company. He was a cofounder of e-commerce fast fashion label Dressabelle and lifestyle marketplace Megafash, both of which exited to iFashion. He was previously a military officer with the Republic of Singapore Air Force and was awarded the Sword of Honour.
Mr Low is a seasoned technology entrepreneur for almost 20 years with a track record of building successful technology companies. His first startup called Pendulab was operating as a Software-as-a-Service offering web based collaboration solution. Within a short span of four years, Mr Low had built an incredible sales enterprise which garnered thousands of customers worldwide. Pendulab was subsequently acquired by a leading US-based private equity firm.
Mr Low went on to start what was Southeast Asia largest casual game platform, Viwawa, back in 2008. Within two years, Viwawa became the top 100 site for many countries in Southeast Asia, boasting millions of gamers. Seeing a growing trend for fintech, Mr Low embarked on a new venture, SoftPay Mobile, which aims to be the “Square” of Southeast Asia. Within two years, SoftPay Mobile became the largest Mobile Point of Sale company in Vietnam. Mr Low was instrumental in steering SoftPay Mobile to a strategic partnership with Indonesia’s largest bank, Bank Mandiri. Mr Low also successfully raised funds for SoftPay Mobile under Series A.
Mr Low graduated with a Merit in Computing from the National University of Singapore. Mr Low has been passionate about blockchain technologies since 2012. He loves to read up on the latest blockchain technologies and does some coding in his spare time.
With 10 years of experience in marketing and growth strategy, Lamia is a leader with experience in building consumer brands, bringing successful digital platforms to market and optimising key performance indicators to ensure faster user adoption and profitability.
Lamia had 3 years of experience as the VP of Marketing before moving on to assuming her current role as the SVP in Growth strategy for Pangea Money Transfer. Joining Pangea as the second team member, Lamia had an active role in developing the first product, building the brand and Marketing program, establishing reputable partnerships, and raising $30M to date.
Prior to this, she also founded an organic frozen food brand, T’empa, overseeing its launch, product development and sale of the business.