Consensus Cell Network LitePaper
Consensus Cell Network is a decentralized blockchain application incubator. It is a decentralized autonomous organization composed of users, developers, and investors, dedicated to providing startup incubation and acceleration services for decentralized applications.
Block chain as in the international general technology of innovation, that are reshaping the world, represented by Ethereum decentralized application ecosystem has suffered a spectacular development, which proves that the block chain by encryption accelerate currency to the possibility of an innovative blend in all walks of life, it will become an integral part of the world of science and technology in the future. However, the application of blockchain technology as a whole is still in the initial stage, and it will take a long time to realize the large-scale application at the social level. Consensus Cell Network's mission is to generate more typical application scenarios by driving technological innovation and application practice in this process. Promote the realization of the application value of blockchain and create a new environment of openness, symbiosis, innovation and development for the next generation of crypto economy.
Since its inception in September 2019, Consensus Cell Network has successfully incubated:
CellETF Decentralized Fund Agreement (DeFi)
CellWallet Crypto Asset Wallet
CellSwap Decentralized Exchange (DeFi)
CellGame Decentralized Series (GameFi)
The DAO is the vehicle for Consensus Cell Network's mission and is made up of several groups of users, developers, and investors within the community:
(1) Ecological users: users of decentralized applications within the ecosystem
(2) Developer: the developer/developer team of decentralized applications within the ecosystem
(3) Investors: Investors who provide financial support for decentralized applications within the ecosystem
Daos will share ownership of community resources and jointly manage Consensus Cell Network. Initially, Consensus Cell Network's DAO will provide a basic governance framework for community users to participate in key ecosystem decisions:
(1) Supervise the allocation and use of token funds in the community Treasury
(2) Jointly manage community resources, including technical support, streaming media, marketing resources, etc
(3) Assess business plans proposed in the community and decide whether to incubate them
(4) Decide whether to use community vaults for Token swaps with specific projects
(5)Decide whether to allocate community resources to accelerate the development of decentralized applications that have been incubated online
We will gradually introduce a more formal framework for the ongoing operation of Consensus Cell Network, community governance through on-chain voting, and a dynamic, diverse, and focused governance system. In order to do this, We chose the eCell Token as the governance Token for the Consensus Cell Network.
Based on the need to provide technical and financial support for Consensus Cell Network application scenarios, provide basic governance credentials for organizations to decentralize governance, and provide incentives for Network operations and maintenance, we chose to issue an ERC-20 token, eCell, on Ethereum. ECell will start with 20 billion, with additional issues at an inflation rate of 3% a year.
（2）eCell token allocation scheme
As the basic token of Consensus Cell Network, eCell will build the economic model supporting the entire Network system, and undertake important functions such as application incubation, community governance, ecological incentive and project investment.
eCell's initial issuance was 20 billion, of which 15% was issued and circulated, 10% was allocated to seed fund institutional investors, 2% was allocated to angel investors, and 3% was used for the contribution incentive of operation team, consultant experts and research centers. The remaining 85% will be locked in through smart contracts for use as incubation support and community incentives for applications. The contract lock-in part needs to be used through community governance through billing.
At the same time, the additional eCell issued annually is used for community users to use the eCell pledge mining incentive.
(3)eCell's repurchase and destruction program
Decentralized applications incubated by Consensus Cell Network feed back half of the capture fee to the eCell community, which will be used entirely for eCell's buyback destruction.