Conduct provides a mobile-native blockchain built on Bitcoin infrastructure, transforming smartphones into network validators. Users send BTC instantly and cheaply while staking CNDT tokens to earn rewards for network participation. This platform offers a self-custodial solution designed for simple, global mobile money transactions.
Funding
Funding not disclosed
Founders
Product
Problem
Current methods of incentivizing Bitcoin transaction activity lack direct mechanisms to reward network participation and generate economic demand for Bitcoin transactions. Existing staking mechanisms often fail to adequately tie rewards to actual Bitcoin transaction volume.
Solution
Conduct Protocol is a mobile-first blockchain protocol designed to incentivize Bitcoin transaction activity through a novel staking mechanism. The protocol rewards users based on the Bitcoin transaction fees they contribute, directly linking network participation with economic incentives. By staking Bitcoin transaction fees, users increase their stake weight, thereby earning rewards and fostering greater demand for Bitcoin transactions. This approach aims to create a self-reinforcing cycle where increased transaction activity leads to higher rewards, further driving network participation.
Target Audience
The primary target audience includes Bitcoin users and enthusiasts interested in earning rewards through active participation in the Bitcoin network, as well as those seeking to increase the economic utility of Bitcoin transactions.
Features
- Mobile-first design for easy access and participation.
- Staking mechanism based on Bitcoin transaction fees.
- Direct rewards proportional to transaction fee contribution.
- Protocol designed to increase economic demand for Bitcoin transactions.