What is Cassava Network (CVS) | What is Cassava Wallet

In this article, we'll discuss information about the Cassava Network Wallet project and CVS token. What is Cassava Network (CVS) | What is Cassava Wallet?

Cassava Network is a tokenized rewards platform committed to improving the lives of people in Africa and around the world through widespread blockchain and Web3 adoption. Our native rewards token, $CSV, can be implemented in any existing or new Web2 application to give users exposure to Web3 rewards. Rather than migrating users from existing apps to blockchain-based solutions, we bring blockchain to the apps where users already are.

Cassava is backed by a powerful multi-function app and wallet, which allows users to explore rewards, manage assets including NFTs, trade NFTs in our marketplace, perform in-app swaps, access staking pools, engage with DeFi protocols and interact with Web3 platforms through the in-wallet browser. While initially launching on Solana, we plan to support as many blockchains as possible, as soon as possible.

Cassava is also building the sophisticated Cassava ID system which leverages the data made available to the platform through partner integrations. The user's behavior on different content platforms, such as news, music, video and games, will be recorded and even gamified through Cassava On-Chain Achievement Tokens (OATs). OATs are NFTs which contain metadata that tracks user activity, for example the number of streams of a particular artist, or the amount of time spent reading news. By associating OATs to a particular wallet, we’re able to create a sophisticated identification system which the user fundamentally owns. This gives them control over the data, and even the possibility to profit from it.

Staking $CSV tokens generates veCSV—a secondary NFT token with metadata containing the amount staked and the time staked for. veCSV confers DAO voting rights, entitles the holder to revenue sharing, unlocks extra benefits and can even be traded on any NFT marketplace, including Cassava’s.

There are 4 key principles that guide the development of the Cassava ecosystem:

1. To give creators a new way of monetizing their content, building their own digital economies and protecting their copyright and intellectual property.

2. To quantify and reward specific positive contributions from users.

3. To increase active users and traffic to platforms, and subsequently improve their income streams.

4. To connect African art, culture and labour to the global market.

While Cassava’s core function is to connect, promote and reward, there is more than one path that adopters can follow.

Cassava App Features

Multi-chain wallet: Cassava is built for compatibility. Users can store $CSV and other tokens from most major blockchains, giving them quick access to all their crypto holdings on the go. By ensuring compatibility with multiple assets we aim to simplify crypto usage to a point where truly anyone can access its benefits.

NFT marketplace: Cassava makes it easy to store and send NFT assets from a single app. While other wallets require users to head to 3rd party websites to view their collections, Cassava puts all your NFTs in one place. Cassava’s NFT integrations also makes accessing features like loot boxes, random drops and other NFT incentives simple.

Rewards dashboard: Cassava is built around rewards, and rewards are equally central in our wallet. As soon as they open the app, users can quickly see what rewards are available and how to claim them. This makes it easy to accumulate $CSV tokens and to discover exciting opportunities in our network of partners and their applications. This is also a massive perk for our partners too—your reward campaigns are displayed prominently in Cassava, making it easy for users to discover and explore your app.

Use Cases

1. For developers

With Cassava’s token, CSV, you can now quickly and easily implement a blockchain-based rewards system into your existing applications. Your users can be rewarded in ways that are most relevant to your app’s function, boosting engagement and creating even more value for your users.

Crypto can be complicated, which is why Cassava’s team works with you to implement the token’s infrastructure. This removes a massive hurdle that many developers face when wanting to access the benefits of crypto assets. Cassava can be deployed on top of any existing app, and when you implement Cassava you receive your first token allocation free of charge.

Finally, joining Cassava means joining our massive network of partners. Apps working with Cassava have combined user bases in the hundreds of millions of people, and each engage in cross-promotion. This also means tapping into the massive African market.

With Cassava, your audience will be the biggest it has ever been.

2. For creators

One of the most exciting innovations in blockchain technology has been the growth of Non-Fungible Tokens (NFTs). In particular, NFTs have enabled artists and creators to gain new levels of control over their intellectual property, and have meant that many can now finally earn fair income on their work. NFTs and the idea that creators should earn on views combine on Cassava to give brand new income opportunities to the creatives who deserve it most.

In addition to NFT marketplaces that allow artists to trade their work, Cassava reward tokens also mean that creators can earn for the engagement that they bring to an app. If your short video is the most viewed on a particular platform it’s only fair that you should be paid for your work – Cassava makes this possible, without burdening the platform itself with extra expenses.

With Cassava, artists and creatives can earn the incomes they deserve while connecting with a massive audience.

3. For users

Your time is valuable, which is why you should be compensated for it. Old revenue models requiring users to pay apps for the privilege of their use are being replaced by ones that encourage users to spend their time where they can get the most value. Cassava builds on this idea, and brings it to more users than any other token.

Cassava works with developers and creatives to implement reward systems for users. This will vary depending on the app, but if your favourite platforms are on Cassava, you can be sure that you’ll share the benefits. Tokens earned on one app are transferable to another, meaning that you can get a wide range of benefits that you can personally tailor to your tastes.

Users can manage their rewards and discover new opportunties through the powerful Cassava wallet. This all-in-one multi-chain crypto wallet is packed full of features which make it the ultimate destination for those seeking rewards, as well as those looking to dive deeper into the world of blockchain.

With Cassava, users always win.

4. For everyone

The benefits that come with crypto adoption only increase as more people become involved. For many, Cassava will be their first step into a world where they can finally achieve financial freedom. As Cassava is at its core a rewards system, many of the world’s poorest people will be given access to new streams of income with a token that has broad utility. Improving the financial situation of some has flow on effects to the many, and as economic conditions improve for the poorest, so can the conditions for the rest.

Finally, Cassava connects Africa with the world. While our token is focused on Africa, crypto assets themselves have no geography—Cassava gives international investors access to an African market, and African creators access to an international audience.

With Cassava, we aim to improve lives and connect the world.

Ways to Earn

Cassava’s rewarding system can be utilized for different incentives. This depends on the positioning of the specific target platform and its objectives in different stages. Because the rewards token can be implemented in so many ways the experience of utilizing Cassava will vary between developers, creators and ultimately users.

Cassava supports just about any kind of earning activity. While there are several popular reward models which many apps look to implement, we anticipate that in the future new emergent reward strategies will emerge. When they do, Cassava’s infrastructure will be ready to support them.

Currently, there are three major categories that we are targeting.

1. Play-to-Earn

Create in-game economies with real value by making game currencies and items tradable in the real-world. Games like Axie Infinity and metaverse projects like Decentraland are leading the way in these markets.

While these three rewards systems represent some of the most common ways for users to earn, the list is by no means exhaustive. New and emergent opportunities are appearing every day, and the rewards mechanisms of tomorrow might look nothing like they are now. As a rewards infrastructure token, Cassava rewards can be implemented any way: the only limit is your imagination.

Because the rewards token can be implemented in so many ways the experience of utilizing Cassava will vary between developers, creators and ultimately users.

2. Create-to-Earn

Content creators should be rewarded for their hard work, either per view or by selling their creations on the market. NFTs and engagement-based reward models are already taking the world by storm.

3. Engage-to-Earn

Reward users for not just viewing, but for engaging with content. Likes, shares and other forms of positive social engagement can be rewarded, giving content producers even more avenues to explore when it comes to promotion. This kind of reward mechanism can already be seen on streaming services like Theta and in the Brave browser.

But it isn’t just media content engagement that deserves rewards: engaging productively with any app or project can also be rewarded. In the crypto world in particular there are thousands of apps in every kind of market hungry to acquire new users, and they’re more than willing to pay to do so. Engage-to-Earn means that any project can tap into new markets and acquire users from around the world.

Partnership Network

An incentive network is nothing without its partners, and Cassava aims to build one of the biggest. We’re already building with some of the biggest apps in Africa, and we aim to add even more to this list.

Partnering with Cassava has many benefits:

  • Cassava can be implemented into any existing app, giving developers an easy way to begin taking advantage of blockchain technology.
  • Cassava partners receive their first reward token allocation free of charge. These tokens can be staked by developers to accrue their own rewards.
  • Additional rewards tokens can be purchased by partners at discounted rates.
  • Rewards tokens encourage users to try new services. Cassava holders are incentivised to explore the entire network, so you can expect your user base to grow.
  • A key function of Cassava is to reward attention. Integrating the token means increasing user activity and engagement.
  • Partners engage in cross-promotion, meaning that smaller apps will be seen by the users of our biggest partners.

Existing partners

Scooper

Scooper is a leading aggregative news content platform in Africa, with more than 24 million Monthly Active Users (MAU). As it is pre-installed on some devices, Scooper continues to rapidly expand in the African market. Boasting an army of well-educated local in-house writers and content creators spreading across the continent, Scooper is dedicated to bringing readers the latest local and global news, entertaining lifestyle video and live sports commentaries.

BoomPlay

Boomplay is the top music streaming app in Africa with more than 50 million MAU as of Q2 2021, and over 50M songs in its catalog. It was selected by AppsAfrica as the ‘Best African App’ of the year in 2017, and has signed contracts with global record company giants such as Universal, Warner and Sony.

BoomPlay Interface

BoomPlay Interface

Vskit

Vskit is a short video platform, in essence the African version of TikTok. As of Q2 2021 it has more than 20 million MAU. The content on the app is as varied as people are and entirely depends on the tastes and preferences of the creators and audience, in line with the philosophy of Cassava which advocates for content to be customizable

Vskit Interface

Ficool

Ficool is one of Africa’s leading eBook platforms with more than 300,000 authorized novels, comics, African-original published books and short stories. The simple interface makes the app accessible and is widely recommended by teachers and students, and currently has more than eight million MAU.

Ficool Interface


Token Allocation & Release Schedule

The Cassava ecosystem is powered by $CSV, our native multichain token known as Cassava token ($CSV). As a multichain token, CSV will first be issued as a native SPL token on Solana before expanding to other popular programmable blockchains through a partnership with crosschain bridges.

Cassava will mint a total of 10 billion (10,000,000,000) CSV tokens, however not all tokens will be immediately released into circulation. Full token emission is expected to take seven to ten years, depending on ecosystem conditions.

  • Incentives and Rewarding System: 20% of the supply (2b tokens) will be allocated to liquidity providers and other ecosystem contributors. This part will be released over the first 5 years.
  • Partner fund: 10% of the supply (1b tokens) will be allocated to partner funds via gradual release as rewards for users on their platforms.
  • Ecosystem Reserve: 30% of the supply (3b tokens) will be used for continuous ecosystem incentives, managed by the Cassava DAO.
  • Team and Advisors: 20% of the supply (2b tokens) for team and advisors will be locked for 6 months after the TGE, followed by 36 months of linear vesting.
  • Investors: 19% of the supply (1.9b tokens) for investors will be locked for 3 months after the TGE, followed by 12 months of linear vesting
  • IDO: 1% of the supply (0.1b tokens) is allocated to IDO campaigns with no locking.

Token Utility

$CSV is the official token of Cassava built for governance and value accrual. It is mainly used for incentivizing Cassava contributors, African market partners, liquidity providers and all other -important roles in the Cassava ecosystem. It also encourages more users to participate in the governance of Cassava.

Cassava DAO veCSV

veCSV, short for vote-escrowed $CSV, is inspired by Curve Finance’s token model. But unlike Curve Finance’s token, veCSV exists in the form of NFT.

a. Cassava DAO (veCSV) is the governance token of Cassava Network.

b. veCSV is designed to fully represent the governance rights of Cassava Network.

c. veCSV calculated by the locked $CSV amount and time, which then confers voting power.

d. veCSV is compatible with the Metaplex standard, which means it can be transferred and traded like other NFTs.

Mint veCSV by Staking

Voting Power = x1*(x2/4 yrs)

x1: locked amount ($CSV)

x2: locked time (block), maximum 4 years

With this model, users don’t need to worry about losing liquidity of their locked $CSV anymore. veCSV can be traded in all mainstream NFT markets, including Cassava 's own Marketplace.

veCSV Utilities

  • Earning: veCSV holders will earn a cut from Cassava’s revenue. The actual percentage will be determined by the DAO. At the beginning, 50% of the platform revenue, including Marketplace trading fees, swap fees and other income will be used for $CSV buybacks and distributing dividends to veCSV holders. This will make veCSV an interest-bearing NFT asset. As a crypto platform with a large volume of users, we believe that profit sharing across the platform can create a solid investment with stable currency and reliable yields for users, especially in Africa.
  • Boosting: veCSV holders can boost their liquidity farming reward streams up to 2.5x. A user’s balance, counted in the farming pool, gets boosted by their veCSV NFTs, depending on their weight. The value of wi is taken at the time the user performs any action (deposit, withdrawal, withdrawal of minted CSV tokens) and is applied until the next action this user performs. Stake veNFT once and it could be used for unlimited times to boost farming pools. The boosting function is perfect for those long-term liquidity providers for $CSV pools, which can dramatically amplify their revenue.
  • Goverance: veCSV holders can initiate or vote on DAO proposals, and the voting power is based on their veCSV weight. The scope of the DAO will gradually increase over time, and we will gradually hand over to the community decisions on many aspects such as liquidity rewards, changes to the rewards system, whether to cooperate with new partners and the veCSV profit -sharing ratio. We believe that powered by the dual-token governance system, users will jointly contribute to a better future for Cassava, and will receive lucrative benefits along with the development and governance.

How and Where to Buy CVS token?

CVS has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy CVS token

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase CVS from the exchange.

The top exchange for trading in CVS token is currently: ….

🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner

Find more information CVS token ☞ Website

I hope this post will help you. Don't forget to leave a like, comment and sharing it with others. Thank you!

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

#bitcoin #cryptocurrency #token #coin #wallet 

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