The CryptoSorted Token (CST) is a Bitcoin Cash, SLP-based token that was created on the 18th of January 2021.
The token has a maximum supply of 21,000 (twenty-one thousand) and will be used to power the entire CryptoSorted ecosystem.
This token information page contains everything you need to know about CST.
CST use cases:
- The token can be used to pay for Ad placements, sponsored posts, and all other services provided by CryptoSorted. Clients will be able to enjoy up to a 50% discount on all CryptoSorted service fees they pay for using CST.
- CST will be used as the native currency within the CryptoSorted ecosystem. It will be used to pay content creators and reward active community members, etc.
- CST holders will receive weekly reward paid in BCH directly into their wallet.
- CST will be used as the governance token of CryptoSorted.
CryptoSorted (CST) Roadmap and Vision
It’s our dream to make CryptoSorted a community-owned, self-managed crypto blog and blockchain media company.
Below is the roadmap of this vision so that you know exactly where we’re going as a community.
Q2 2021: Writers onboarding
Between May and July 2021 we’re looking to onboard about 5 to 10 dedicated and independent writers to the CryptoSorted team.
As we all know, content is still king and we want to increase our content output.
If you’re interested, please click here to learn about the requirements of writing for CryptoSorted and how to apply.
Q3 2021: Team building
Once we have enough writers and are capable of consistently publishing 1 article per day, we will move on to building a team of people with the right skills, knowledge, and experience to help us scale.
Currently, CryptoSorted is a one-man team but it wasn’t designed to remain that way forever.
The first few team members we will be onboarding are:
- Newsletter writer(s)
- Podcast host(s)
- YouTube Managers
- Audio and Video Editor(s)
- Graphics designer(s)
- Content Editor(s)
If you’re competent in any of the above capacities, please feel free to reach out to us let’s discuss the possibility of you joining the team.
PS: We will not be onboarding all these people at once. It will be a gradual process and will be subject to our needs and availability of resources. But you can apply early so that you will be among the first people we contact when the positions are ready to be filled.
Q4 2021: Audio (Podcasts) and Video content production
We hope to begin our YouTube (and other video platforms) content production and podcasts in late 2021.
This will help us build new traffic sources, reach a new audience, as well as distribute existing contents in new formats.
The demand for audio and video content will only increase going forward and we want to be able to reach our existing and new audience with whatever content format they prefer.
Q1 2022: Design of the Proof of Community (PoC) concept
CryptoSorted will adopt a Proof of Community (PoC) concept in which the amount of BCH we distribute each week will be determined by the level of support the project received from the community within each week.
The weekly dividend will be automatically determined and distributed via a smart contract that takes into account various social signals referencing CST.
The protocol will use these signals to determine what percentage of the funds in the reward pool to distribute as dividend for the week and then processed this patent all without any human input.
Some of the factors that may be put into consideration by the protocol will be:
- How much of our articles from our website/blog was shared, liked, retweeted, commented on, etc throughout the week.
- How many times CST was mentioned on supported social media networks.
- How many new followers we got on our social media accounts for the week.
The system will take into account all these and other factors we may come up with and use it to determine the percentage of the weekly reward pool to distribute to CST holders automatically.
Q2 2022: Begin development of the PoC protocol
The development of the PoC protocol will begin immediately after the concept design. And we will be building on the Bitcoin Cash (BCH) network.
Q3 2022: Launching of the PoC protocol
If everything goes according to plan, we should be launching the PoC protocol by Q3 2022.
This will end the manual processing of weekly dividends and further decentralize the project.
Q4 2022 – Q1 2023: Decentralization of CryptoSorted via a DAO and automated user management
We’re contemplating the idea of making CryptoSorted a community-owned and self-managed crypto media company.
The community members will be able to propose and vote for proposals and changes to the protocols using CST.
In that sense, one of the use cases of CST will be as a governance token.
Furthermore, authors management and payments will be handled by a smart contract (we’re already drafting the concept of the protocol that will make the CryptoSorted platform self-managed, and I must tell you, it’s very interesting).
This will further eliminate the possibility of fraud and human errors as the platform grows larger.
Part of the plan is also to host the website on IPFS so that it cannot be censored or put down by any government.
But that will be subject to serious considerations, which will mostly depend on whether it will support the business model and profit goals of the platform.
Q2 2023 – Q4 2023: Community growth and project expansion
Once the project is fully delivered into the hands of the community, further developments will be as the community decides.
PS: This roadmap was prepared without any input from developers who will code the proposed protocols. As such, the timeline may not be entirely accurate. But it should give you an idea of what we’re building.
Frequently asked questions (FAQ):
These are the most popular questions people ask about CST and we have prepared some simple, short, and clear answers to all of them.
If you have any question which is not already answered, please feel free to ask in our Telegram group and we’ll be glad to answer them.
Where does the BCH you pay out every week come from?
The weekly CST HODLers rewards are coming from the revenues generated by CryptoSorted.
Some of our revenue sources include, but not limited to:
- Ads revenue from our website(s)
- Affiliate revenue from our partners
- Revenue from publishing on external blogging platforms (e.g. read.cash, Publish0x,…)
- Sponsored posts and other paid services.
However, our revenue sources aren’t fixed. Meaning as we grow, we will develop new and better revenue sources to help us scale accordingly.
For example, we have plans in place to develop DeFi projects (can’t disclose names and details now) especially on the BCH network in the near future.
Does the amount vary from week to week?
The weekly CST holders reward amount varies from week to week based on our revenue fluctuations.
Can you tell me the exact amount I will earn every week?
However, you can expect to earn between 1% to 3% of your investment in CST every week. Which translates to between 52% and 156% APR annually.
This is just an estimate taken from previous reward payouts to give you an idea of what to expect.
It could be more or less in subsequent reward payouts.
Does every CST HODLer get the same amount of BCH every week?
The weekly CST holders rewards are distributed proportionally to each wallet’s share of CST circulating supply.
The more CST you hold in your wallet the bigger your share of the weekly reward.
Where can I store my CST to receive the weekly rewards?
When will the rewards be distributed?
The rewards will be distributed every Tuesday.
How many CST must I hold to receive a dividend?
Based on how the Bitcoin Cash on-chain dividend payment system work, it depends on a few factors:
- The amount of CST you hold
- The amount of CST others hold
- The amount of BCH being distributed
The blockchain calculates the minimum balance one must hold at the point of distributing the reward based on the above factors.
So there’s no specific amount of CST that will entitle you to dividends.
However, based on the current number of holders and circulating supply of CST, if you hold at least 10 CST, you will get a good chance of getting something.
But remember that the more CST you hold, the bigger your share of the reward.
What determines the amount of BCH you distribute weekly?
Currently, the amount of BCH we payout every week as dividend is determined majorly by:
- The amount of CST in circulation. The higher the amount of CST in circulation the bigger the weekly dividend will be.
- The level of community support. The more effort the community puts in promoting CST and supporting the platform, the bigger the weekly dividend will be.
- The amount of BCH we’re able to generate and add to the reward pool for the week. More inflow means potentially bigger dividend.
The following are the CryptoSorted team-controlled wallets:
The above wallets are all excluded from the weekly dividend payout (you can verify that from the on-chain transactions).
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Buy CST on memo.cash
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