Feb 25, 2020
An overlook on tiptoe is no match for a distant view from ascended heights. As the cornerstone of social progress, scientific research generates value by following the law of large numbers and the neutral theory of evolution. With every scholar striving to push the boundaries of knowledge, more will definitely stand on the shoulders of the giants, as well as accomplish great academic achievements.
The Commonwealth Foundation is dedicated to endowing all explorations of new knowledge with economic value and returns. We endeavor to advance the frontiers of multiple disciplines, to sponsor various types of research and projects, and to improve public welfare. And we stand firmly in support of financial fairness, democracy and liberty that Bitcoin provides globally. Together, let’s build with the blockchain technology a safer and fairer open-source digital world.
COMM is much more than an asset. It will be the absolute, irreplaceable and undisputed right to participate in our subscription, circulation and investment ecosystem.
COMM is an innovative global payment system suited for any generic purchase, and the currency of our ecosystem as a vehicle of consensus that endows exploration of new knowledge with value. Each COMM represents the right to invest $1 equivalent asset in certain strategies of the ecosystem, and as our strategies become renowned and popular, so does the right to invest. Also, COMM is the right to subscribe to our publication and journal, initially at a discount and eventually exclusively. We compensate the authors, reviewers and editors fairly in COMMs. We are dedicated to expanding the use cases and growing our ecosystem.
We invite distinguished portfolio managers to host their strategies with us. And we already own many good strategies across global instruments to tokenize. Moreover, we have several books scheduled for publication with the COMM ecosystem, and will invite excellent authors to publish their books or preprints, raise initial funds and prepare for massive dissemination. All these subprojects will be based on the COMM mainnet, or migrated to it eventually. The design and development are actively ongoing. The COMM ecosystem will support issuance of new tokens at ease, and incubate the best of them for fundraising and commercialization.
CBND or ‘C Bond’ is the world’s first Crypto Bond. It shares certain features in common with Convertible Bond in the traditional market but with significant simplifications. The token sale is essentially on the crypto underlying, COMM, the main token issued by Crypto Commonwealth, with three different lock periods: CBND6 for six months, CBND3 for three months, and CBND for one month. When these locks are over, 1:1 and one-way redemption would be offered to convert each CBND to COMM, the main token. This will be done via either smart contracts or trading pairs in prestigious exchanges. For each CBND (including CBND3 and CBND6) issued, the same amount of COMM is locked until the day of redemption, preventing any possible inflation on the COMM supply. All redeemed CBNDs would be burnt immediately by the COMM team. The remaining and circulating CBNDs in the market, if any, would share the same tokenomics with COMM and continue to persist.
COMM is an ERC20 token, and as ETH stays up-to-date on the roadmap to solve the DCS Trilemma, we enjoy the benefits too.
We are actively designing and developing our own mainnet, which absorbs major advantages of best crypto projects and will support text or file storage too. In the future, all issuance of new strategies, standalone and copyrighted materials such as books and publications will be based on the COMM mainnet. We invite distinguished portfolio managers to host their strategies with us. And we already own many good strategies across global instruments to tokenize. Moreover, we have several books scheduled for publication with the COMM ecosystem, and will invite excellent authors to publish their books or preprints, raise initial funds and prepare for massive dissemination. All these subprojects will be based on the COMM mainnet, or migrated to it eventually. The COMM ecosystem will support issuance of new tokens at ease, and incubate the best of them for fundraising and commercialization.
The fundraising of subprojects in COMM would start via smart contract even before the mainnet goes online. This may be the first step of our mainnet development.
Attention. There is a risk that unverified members are not actually members of the team
$181 453 448
$114 493 064
$10 043 209 175
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