Crescent Network (CSN) is the world’s first multi-use Proof-of Stake smart contract token on Ethereum platform which is backed by a physical mining facility. It is based on the ERC20 Token Standard and implements all standard methods.
The Crescent Token, being an Ethereum token, first implements the Proof-of-Stake mechanism, through which the holders of Crescent Token can earn some extra tokens just by staking Crescent Token for a period of time, greater than or equal to the minimum Coin Age of Crescent tokens and stops staking it reaches the maximum Coin Age of Crescent tokens.
Additionally, the main idea behind Crescent Network is not just issuing a simple Ethereum Token having Proof-of-Stake mechanism but also aims to provide its users with a cryptocurrency token that will incorporate multiple uses and have a marketplace for its use as well, which will add to the value and utility of the token.
Crescent Network will incorporate the following uses of its tokens as listed below:
A Physical Mining facility
Crescent AR Game
It’s a real innovation and we believe that a new era of Cryptocurrency Tokens has begun and we will make sure our community makes the most of it with Crescent Network.
- Name: Crescent
- Symbol: CSN
- Decimals: 8
- Max Total Supply: 11M
- Initial Supply: 1,350,000
- Standard: ERC20 & PoSTokenStandard
- Min Coin Age: 3 Days
- Max Coin Age: 90 Days
- 1st Year Interest: 300%
- 2nd Year Interest: 100%
- 3rd Year Interest: 50%
- 4th – 16th Year Interest: 10%