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Coinstantine – ICO Detailed Information


ICO Coinstantine
Coinstantine Since they originally appeared almost 11 years ago, cryptocurrencies have been promising a change that would make the world a better place for everyone. They offer a number of benefits over traditional finances, including lower transaction fees, decentralization, as well as the ability to reach everyone, whether or not they have access to the bank.
Start October 1, 2019
End November 30, 2019
Rating 3.8
Status
KYC No
Founded
Categories Computing
Whitepaper No
Discussion

Coinstantine Overview

ICO description, Technical Details and Documents

Coinstantine Makes Airdrops Cheaper 


Airdrop is an efficient marketing tool that often gets neglected by crypto startups mainly due to the fact that it costs a lot of gas, which is a fraction of an Ethereum token. To be more precise, the cost of a single transaction in the Ethereum network has a price range of $0.01-$0.1. Therefore, it becomes evident that the expenses on an airdrop campaign usually amounts to thousands of dollars. 

But as they say, when there is a problem, there is always a solution. Such a solution may come in the form of Coinstantine, the Dutch fintech startup that has developed a way to make the large-scale dispensations of ERC-20 tokens incomparably more cost-efficient.

Maleficent activities, or scams, in simpler terms, constitute another burning problem that Coinstantine plans to tackle head-on. It seems that every more or less knowledgeable crypto enthusiast is aware of how scammers beguile people into revealing the private key which ultimately leads to the vaporization of entire crypto portfolios of the unsuspecting airdrop hunters.

The token distribution scheme offered by Coinstantine


The solution to the issue of airdrop expensiveness turned out to be magnificently simple: to shift the transaction cost on to the shoulders of the receiving party and let Coinstantine play the role of an intermediary. The idea behind the cost cuts to the air droppers is the following. The distributor of the ERC-20 tokens, intended for the airdrop, makes a single transfer of the entire batch of tokens to the predesignated smart contract in the Coinstantine network, thus paying the transaction fee only once.

 From then on, the potential receiver of the airdropped tokens must withdraw them from the smart contract at his own accord and after receiving approval from the token issuer. To receive the corresponding amount of tokens, the recipient would have to cover the transaction fee, which is negligent in most cases.

Regardless of the number of wallets that are due to receive the air dropped tokens, the issuing party will pay only a fixed fee. The participants in the airdrops will also benefit from becoming a part of the Coinstantine network. For instance, they will be relieved of the necessity of providing some personal data, along with the information about the social media accounts, upon registration for an airdrop. Instead, they will submit this info only once and it will be stored on the Ethereum blockchain.


The members of Coinstantine team

Social media presence


It appears that Coinstantine decided to disregard such an important factor as social media, because their presence on Twitter, Facebook, and Discord is virtually unseen. Only 814 Twitter followers and 56 Facebook members speak volumes about the community interest towards this project.

ICO details


Coinstantine is currently having a pre-sale of their utility tokens called CSN which can be used to get access to the platform and use its functional set. The pre-ICO will last until August 15, followed by the ICO planned for the time period from September 1 until November 1. Right now, the price of 1 CSN is $0.25 or 1 ETH for 1300 CSN. The project accepts investments in ETH and BNB with no information being revealed about the minimum threshold, as well as the restricted areas.

Author: Alex Paulson for Crypto-Rating.com

Coinstantine Milestones

* Crypto Rating accepts no liability for any errors in the Coinstantine ICO information and Rating. For the most up-to-date information please visit the ICO's official website.

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