Communis: In this article, we cover a detailed review of Communis. How does Communis Crypto work & Are important features?
About Communis
Communis is an ERC20 token on the Ethereum network that is distributed to Hex Stakers as an incentive to stake better. Anyone who has shares from an active stake can mint their own Communis. Not only is Communis minted based on the shares of your stakes but it is also done exclusively to long term stakers and to those who actually fulfill their staking commitment.
The aims to run alongside Hex to instill positive staking habits in the community. Your influence in Communis is directly reflected from the number of Shares you have from your stakes and for how many days. Completely read-only. No wrapping stakes, No Encapsulating stakes. Mintable only to stakes whose ownership can be provably signed for. No admin keys and no additional Origin Address. No extra found-me-first bonuses.
Communis Coin Price
| Coin Basic | Information |
|---|---|
| Coin Name | Communis |
| Short Name | COM |
| Circulating Supply | N/A |
| Total Supply | 22,843,699,151,721,500 COM |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
How is Communis distributed?
This is introduced through five methods:
- Start Bonus
- End Bonus
- Good Accounting Bonus
- Restake Bonus
- Staking Communis Bonus
Any currently active stake may qualify to mint these bonuses (explained further below.)
Forever in mind.
Communis aims to run alongside Hex to instill positive staking habits in the community
- Your influence in Communis is directly reflected from the number of Shares you have from your stakes and for how many days.
- Completely read-only. No wrapping stakes, No Encapsulating stakes.
- Mintable only to stakes whose ownership can be provably signed for.
- No admin keys and no additional Origin Address
- No extra found-me-first bonuses.
Tokenized shares given only to long term Stakers
Any currently active stake may qualify to mint through the following methods of Minting:
Mint Start Bonus – For beginning the commitment to your stake.
Mint End Bonus – For fulfilling the commitment of your stake
Mint Good Accounting Bonus – For cleaning stale shares
Mint Restake Bonus – For Restaking and maintaining your shares
Start Bonus
Payout – 5% – 25% of End BonusBased on 180 – 5555 staked days
Requirements – Minimum 180 staked daysMust be in a locked and active state
Penalties – Payout % reduced depending on the distance between your stakes Share Rate and the current Global Share Rate at time of Start Bonus Mint
End Bonus
Payout – 100% of available payout minus % Start Bonus already mintedStake shares uncapped & recalculated for staked days above 3640
RequirementsEnd Bonus must be minted before stake is ended through HexMinimum 365 staked daysMust fulfill 100% of staked days commintment to mintMust mint within 37 days of stakes Due DayMust have Staked Communis greater than or equal to accumulated End Bonus Debt
Penalties
Payout is reduced depending on number of staked days.50% of every End Bonus payout is accumulated as End Bonus Debt.
Features
Incentivized Staking
They serves as an ERC20 token on the Ethereum network, providing an additional incentive for Hex Stakers to engage in better staking practices.
Distribution to Hex Stakers
The token is distributed exclusively to Hex Stakers, rewarding them for their participation in the staking ecosystem.
Minting Mechanism
Token minting is tied to the shares of active stakes, creating a direct correlation between the number of Communis tokens and the user’s stake in the Hex platform.
Exclusivity to Long-Term Stakers
Minting of this is not only based on the number of shares but is also exclusive to long-term stakers, promoting commitment to the staking period.
Staking Commitment Verification
Minting occurs only for those who fulfill their staking commitment, ensuring that users are rewarded for their adherence to the agreed-upon staking duration.
Positive Staking Habits
The token aims to run alongside Hex, fostering positive staking habits within the community and encouraging responsible staking behavior.
Read-Only Nature
They operates as a read-only token, preventing the wrapping or encapsulating of stakes. This ensures the integrity of the staking process.
Proof of Ownership
Minting is provably tied to stake ownership, ensuring transparency and security in the token distribution process.
No Admin Keys
They operates without any administrative keys, minimizing centralized control and enhancing the decentralization of the token ecosystem.
No Origin Address or Extra Bonuses
The token distribution does not involve an additional Origin Address or extra bonuses for early adopters. This design choice promotes fairness and equal opportunities for all stakers.
Conclusion
The stands out as a unique ERC20 token within the Ethereum network, strategically designed to enhance Hex staking experience and incentivize better staking practices. Its distinctive features emphasize its dedication to transparency, fairness, and community-driven principles.
The’ read-only nature combined with its non-encapsulating stakes ensures the integrity of its staking process, with minting privileges reserved only for those whose stake ownership can be provably verified – providing an extra level of security and transparency to distribution mechanisms.
This is not only provides an innovative incentive structure but also fosters a culture of responsible engagement within Hex community. With every passing month, Communis showcases how ERC20 tokens can make positive impacts in decentralized ecosystems by rewarding commitment, transparency and fair participation.
FAQ
What is Communis?
This is an ERC20 token on the Ethereum network designed to incentivize better staking practices within the Hex community. It is distributed exclusively to Hex Stakers based on the shares of their active stakes.
How can I obtain Communis tokens?
The tokens can be obtained by individuals who hold shares from an active Hex stake. Minting is directly correlated with the number of shares and is exclusively available to long-term stakers who fulfill their staking commitment.
What distinguishes Communis from other tokens?
This is unique in its focus on promoting positive staking habits. It runs alongside Hex and rewards users based on the number of shares held and the duration of their staking commitment.
Is the minting process transparent?
Yes, the minting process is completely transparent. The tokens are minted based on the shares of active stakes, and ownership can be provably signed for, ensuring a secure and transparent distribution mechanism.
What sets apart long-term stakers?
Exclusivity is granted to long-term stakers in the minting process, encouraging commitment to the staking period. This approach aims to create a community of committed participants in the Hex ecosystem.
Is Communis a read-only token?
Yes, They operates as a read-only token. It prevents wrapping or encapsulating stakes, preserving the integrity of the staking process.