Introducing citizend: Community-Curated Token Launch Platform

March 8, 2024
 min read

Citizend is the community-curated token launch platform of web3. Unlike traditional platforms, citizend empowers its users, the very backbone of the web3 community, to curate and select high-quality projects for launch. This distinctive model not only champions the ethos of decentralization and transparency but also aligns perfectly with the interests of those it serves.

Community-curation — by the community, for the community

Citizend puts decision-making power directly in the hands of the community. This model is a departure from the norm, where decisions are often made behind closed doors or influenced by the financial might of a few. In citizend, every community member has a voice, with the ability to cast a vote for projects they believe in, following a one-person-one-vote principle. This democratization of the selection process ensures that only projects with genuine appeal and potential receive the green light, fostering a healthier, more vibrant web3 space where quality and community consensus drive innovation.

The benefits of this model? For one, it elevates project quality by subjecting them to the scrutiny and approval of an informed and diverse group of web3 enthusiasts. Additionally, it aligns project founders with their potential users from the outset, fostering a sense of ownership and commitment among the community. By doing so, citizend not only follows the core principles of web3 but also ensures that the projects it supports are more likely to succeed and resonate with their intended audience.

Two-Pool Contribution System

In its mission to democratize the web3 funding landscape, citizend introduces an innovative two-pool contribution system designed to balance the playing field between large and small investors. This system comprises the People’s Pool and the Staker’s Pool, each with its unique approach to encouraging and rewarding community participation.

The People’s Pool is open to all verified community members who have participated in the voting phase and use their single vote for that specific project, allowing them a fair shot at contributing to the projects they support. This inclusivity ensures that citizend remains a platform where passion and participation are valued over the depth of one’s pockets.

The Staker’s Pool is designed for those who have demonstrated a deeper commitment to citizend by staking CTND tokens. This not only incentivizes long-term engagement with the platform but also rewards those who contribute to its stability and success. Through this two-pool system, citizend strikes a delicate balance, offering equitable opportunities for contribution while recognizing and rewarding dedication to the platform’s growth.

The Rising Tide Mechanism

A standout feature of citizend’s approach is the Rising Tide Mechanism, a cleverly designed system that optimizes for community distribution, while enabling price discovery. This mechanism ensures that resources are allocated fairly among contributors, facilitating a transparent and equitable funding process. It’s a testament to citizend’s commitment to fairness, ensuring that all community members, regardless of their contribution size, have an opportunity to participate in the success of the projects they support.

The Rising Tide Mechanism embodies citizend’s vision of a token launch platform that values community engagement and contribution equally, paving the way for a more inclusive and balanced web3 funding ecosystem.

Privacy and Compliance with idOS

Citizend places a strong emphasis on ensuring the confidentiality and security of its users’ information. Leveraging idOS, a state-of-the-art solution for identity verification, citizend enables users to manage their credentials in a self-sovereign, privacy-preserving manner. This not only improves user trust but also aligns with the broader web3 vision of decentralization and user control.

Partners — Fractal ID and Outlier Ventures

A critical pillar of citizend’s strategy is its support from leading entities like Outlier Ventures and Fractal ID , which play pivotal roles in project curation and compliance, respectively. Outlier Ventures brings to the table its expertise in identifying and nurturing more than 270 web3 projects over the last years, ensuring that citizend’s community is presented with opportunities that have been previously evaluated for potential and impact.

On the compliance front, Fractal ID ensures that citizend adheres to the highest standards of KYC and AML regulations, providing a secure and trusted environment for users to engage and invest, and creating an easy onboarding for its existing 1.1m users. This partnership is vital in building a platform that is not only innovative but also responsible and secure, reflecting citizend’s dedication to creating a sustainable ecosystem for token launches.

To sum up

Citizend is not just another token launch platform; it is a movement towards a more democratic, transparent, and community-focused web3 ecosystem. By empowering its community to curate and select projects, citizend is breaking new ground, fostering a space where innovation thrives on the merits of consensus and shared values. Created by the community, for the community.

Explore a platform where your voice matters. Visit citizend’s website to learn more about how you can get involved to jointly find and support the best projects in web3. Become citizend.

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