🚀Crypto Commonwealth: Redefining Scientific Publishing and Asset Management via the Blockchain Technology🚀

mayowa-eu (60)in #science • 4 years ago (edited)

Day by day we keep seeing new innovations and discoveries in the scientific space and the only means of making these discoveries know and reproducible for the whole world is by making contents on the discoveries to introduce to others. This is the main reason behind the publishing of journals, articles, books and also reports on these new discoveries to achieve the purpose of educating people on them.

Knowledge they say is power, and as a true homosapien, the day you stopped learning is the day you’ll be considered dead (or almost dead as the case may be), hence in there are several ways of keeping ourselves educated by the things happening around us, these includes through newspapers, television, internet, social media and the rest but when we talk about educating yourself with detailed information on new scientific discoveries, then you’ve got no choice than to make use of scientific publisher platforms.

However, it’s so unfortunate that the level of centralization of the scientific publishing industry is causing a lot of setbacks and discouragements in the industry, this has been the major reason why scholars, researchers and scientists do not get paid for their efforts and yet, the publishers makes large profits with their research works.

There’s a need to bring about a positive change to this industry and having known that the blockchain is the next technological revolution which is being integrated in most global sectors, the Crypto commonwealth platform has decided to take it as a mandate upon itself to bring a positive revolution to this industry.

Introducing Crypto Commonwealth

This is a scientific publisher and asset managing platform based on the blockchain technology which is targeted towards offering good compensation to all community contributors both in the investment and publishing industries.

It’s no longer news that the scientific publishing industry is as huge as having a market cap of over $30billion and the most interesting part is that the industry is homogeneous globally and made up of top scholars from different world regions, this will definitely make it so much easy for this platform to achieve a high level of success with its target audience.

Crypto Commonwealth is making use of decentralized tokenomics and blockchain technology to achieve these goals; hence the team is made up of competent individuals with vast experience in academia, tech companies, and crypto domain among others.

The Modus Operandi

The platform plans to apply the tokenomics on its website first, and presently develop a separate website for the main purpose of advertising and soliciting e-prints for some time, then invite active scholars in operating the peer reviewed journal.

The originality of each journal shall be vetted using the blockchain by committing each submission to the blockchain technology in which the text would be permanently saved on the network.
The initial system of reward shall be based on point system which users accumulates points based on his/her contribution to the website or journal, feedback of reviewers, article quality among many others. Unlike other centralized scientific journals website, the platform will redistribute back all profits made from each journal to the authors, editors and reviewers.

Interestingly, this platform is also developing a python based backtesting platform which will allow internal researchers to test and submit their strategies alongside consolidated or exchange specific data.

Token Details

The native token which serves as the fuel of the platform is COMM tokens (ERC-20 based) with a total supply of 1billion and has several usecases such as right to participate in subscription, circulation and investment ecosystem among many others, Interestingly, COMM token is presently trading on IMOEX and ChainX.

However, COMM’s Bond (CBND) which is a bridge between the initial funding and listing shares certain features in common with convertible bond in the traditional financial market. CBND will improve COMM’s liquidity and locking transparency of its ICO. There would be a token swap option for ICO investors with their CBND token locked immediately after the lock period is over at the ratio of 1:1, however, all redeemed CBND will be shall be burnt immediately.

Conclusively, Crypto Commonwealth has proven beyond all doubt that it is capable of effectively transforming the scientific publishing and asset managing industry, with the professionalism and experience of the set of team behind the platform, its conspicuous that the Crypto Commonwealth platform will not disappoint in delivering efficiently.