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PROJECT INFORMATION
Abstract
Coinvey platform allow users vote for projects that deserve an award. Our goal is to inspire good projects which will be of high value and solve the problems most cryptocurrency users face.
Coinvey is the first ever platform using the power of blockchain technology to award top projects gifts and cash prizes. The use of blockchain technology is to ensure vote legitimacy, accuracy unlike using a normal voting platform where votes can be manipulated or fiddled with. All votes and projects are saved on the blockchain and will forever remain online as long as the blockchain remains in existence.
After our ICO, we’ll open our beta platform for project nomination after which the voting will begin. Projects can be nominated in various categories but limited to a single award thereby giving other eligible projects a chance to be recognized and encouraged.
The Coinvey token, called Coin Award (CAWA) will be utilized in the voting stage. All participants willing to vote for a project must have CAWA token in order to vote.
Introduction
The best projects deserve an award and that is why we came up with the idea of Coinvey so good projects will not only be recognized but also feel appreciated. Projects eligible for award at this point in time will only be those related to cryptocurrency or blockchain.
Every month there will be a public voting for eligible projects and after which winners will emerge from each category after which project owners or team will be contacted to redeem their prize. For a start, all prizes will be in CAWA token, Ethereum.
For projects to be eligible for nomination, they must have a fully developed website, verified team members and clearly stated purpose or goal. Nomination of projects is totally free. The main voting for nominees will cost voters a little amount of Coinvey token though the exact amount will be announced once our crowdfunding phase is over.
After we must have gained ground online, there will be a possibility of including non-crypto related projects on our dApp so everyone can feel appreciated and recognized.
An exciting part of the project is that after every award, 20% of tokens generated from all voters will be re-distributed back to their individual addresses.
