Blind box gameplay + insurance mechanism, what is the innovative gameplay of the public chain CLS?

The way to play the blind box is to distribute the resonant BTC as the prize pool into the blind box.

Produced by | Lieyun Finance

Compiled by Mengyue

On August 28, 2020, CLS COO Josh visited the live broadcast room of Lieyun Finance Online Classroom and brought everyone wonderful and informative sharing.

The following is the sharing record (edited):

Host : Good afternoon, everyone! I am Yu Meng, the host of Lieyun Finance Online Classroom. Lieyun Finance is a vertical blockchain media under Lieyun Group. It has many popular brand columns, and its in-depth interview articles are also highly recognized by the industry. Online and offline activities are also held regularly.

The theme of this sharing is: blind box gameplay + insurance mechanism, what is the innovative gameplay of the public chain CLS? The guest invited in this issue is collapse Protocol COO—Josh. First, please let Josh introduce himself to everyone, and by the way, please let Josh briefly introduce the public chain CLS.

Guest: Hello everyone, my name is Josh. I am a real blockchain veteran. I started to get involved in Bitcoin in 2015. I was an angel investor at first. I have invested in Neo, gxc, qutm, ren, omg, Dragonchain and other projects, all of which have achieved dozens or even hundreds of times of returns. By chance, I saw CLS, which is our collapse protocol. I was shocked after reading their white paper. Now I will introduce CLS to you from three perspectives.

First, it is a complete public chain. The wealth-creating effect of blockchain is particularly strong. I often see in the circle that many projects copy an erc20 chain and start to promote how good their projects are. At least from the launch of our mainnet on July 10 to the development of trading pairs on the exchange yesterday, there have been no bugs or loopholes. The technical strength is evident.

Second, dpos mortgage mining, dpos super node. This is the same as the node mechanism of eos, 21 super nodes, free competition, no threshold limit for pledge, the top 21 with the most pledges are super nodes, 280,000 CLS are mined, 140,000 are given to super nodes, and 140,000 are given to blind boxes.

Third, the insurance model. It does not harm the community, but benefits more people and makes more people inclusive. CLS has introduced the design of insurance. At any stage and at any time, you can exercise the option within a week and return 70% of the BTC. You can directly refund through the chain. When the current season ends, you can apply for a refund and get back 70% of the principal.

Fourth, blind box gameplay. The gameplay of blind box is to distribute the resonant BTC as the prize pool to the blind box. Its prize drawing is also very fair. After the user opens the blind box to generate NFT fragments and collects them, the user who can finally complete the collection task can share the final prize pool. The prize redemption is also on the chain and everyone can check the prize redemption record.

01

Explore more just, fair and reasonable gameplay design in the blockchain world

Moderator: Now let’s start the Q&A session: First question: There is a relatively unfamiliar term “collapse protocol” in the CLS public chain. Can you briefly tell us what the collapse protocol does? What problems can it solve?

Guest: We started CLS half a year ago. I wanted to explore a more just, fair, and reasonable gameplay design and a more appropriate distribution method in the blockchain world.

We can quickly capture users in the early stage, which is more conducive to our future exploration of DEFI. At the same time, it is also a completely decentralized project. The team has no tokens, 0tokens. If the project party wants coins, they can only use BTC to collapse.

Everyone is at the same starting line. The purpose is fairness, justice, and openness. The block browser and main network have been launched on July 10.

Official website: Collapseprotocol.io

Block Explorer: https://explorer.collapseprotocol.io/

As Bitcoin plays the role of gold as a reserve, CLS will play the role of the US dollar in the future. How will this happen? Analogy BTC is gold, so it has similar disadvantages as gold. BTC transactions are slow to settle, so it is impossible to be used as a daily settlement tool.

The circulating supply is limited so that if the settlement volume increases, the BTC supply will not be enough. The world needs a better settlement system like the US dollar today, and as the US dollar dominates the world today, the CLS system will gain true consensus.

We have to start with “ gold ” as the reserve , and then the system is robust in the beginning. Once it gets big enough , it’s time to expand and eventually replace “ gold ” as the settlement layer.

The purpose of the collapse phase is to collect “reserve-bitcoins” when we first launch the CLS platform, so that when converting BTC at a fixed price, we can accumulate enough BTC to serve as the foundation of the system.

After steadily building the foundation, it is time to start the second phase: expansion. These two steps are very natural, because Bitcoin's circulation supply and latency are not good enough, CLS should replace BTC as the settlement currency.

02

All CLS tokens are collapsed

Moderator: Second question: How are the tokens of the CLS public chain distributed and what is the function of the tokens?

Guest: All CLS tokens are collapsed, which can be viewed on our block explorer. https://explorer.collapseprotocol.io/ Later, we will distribute tokens through DPOS staking, with 280,000 tokens issued every day. The return of staking for three months is 100%.

The specific details are as follows:

Moderator: The third question: CLS uses the DPoS consensus mechanism, and there are 21 super nodes maintaining network security. So how do these 21 super nodes compete and how are the rewards distributed?

Guest: The collapse protocol consensus mechanism is expanded on the basis of the original DPOS:

1. Introducing a control mechanism, the parameters of the block generator (such as the number of transactions in a block, etc.) can be dynamically adjusted according to the load and business needs to control the time of block generation and reduce the situation where competition between nodes leads to forks.

2. Through the election + VRF (verifiable random function) mechanism, block generators are generated from candidates, and through intelligent allocation methods, block generators are fairly allocated to different chains to generate blocks, ensuring the interests of block generators, increasing the enthusiasm of node participants, promoting the growth of CLS blockchain computing power, and enhancing system security.

3. Use intelligent methods to monitor the operation of the CLS blockchain. When an attack is detected, automatically adjust the gas fee and other methods to improve the ability to resist common attacks such as witch attacks, and ensure the safe and stable operation of the platform.

4. The introduction of zero-knowledge proof can hide customer transaction information for some business scenarios.

Every day, CLS produces 280,000 tokens, of which 140,000 are distributed to 21 nodes, and 140,000 are allocated to the prize pool blind box. The nodes are allocated in descending order of the top 21 based on the amount of tokens held.

03

Blind boxes give tokens new value and possibilities

Host: CLS public chain has two new ways to play, blind box lottery and insurance mechanism. What are the specific rules and what problems can it solve for users?

Guest: Let’s talk about blind boxes first. When a user holds 2,000 coins, they can deposit CLS into a smart contract and receive a blind box every 24 hours.

The total number of boxes is determined by the total number of tokens locked in the contract. For example, if 1,000,000 CLS are locked in a smart contract, 500 blind boxes will be generated every day. The total number of blind boxes generated by the box fund is the total number of blind boxes generated on that day.

Blind Box is a unique set of ecological gameplay in the CLS network , which gives tokens new value and possibilities. In the past, when we played traditional games, the fairness of the game was usually recognized by the reputation of the game owner.

If a very unlucky player fails 10 times in a row, he cannot tell whether he is just unlucky. But with the support of blockchain technology, we have a fair game method that is technically proven online.

The CLS chain is a transparent, tamper-proof online ledger that everyone can review.

Opening the blind box will give you a chance to get 4 different common fragments (non-fungible tokens) or mysterious fragments as rewards. When users collect 4 common fragments, they can share the BTC box prize pool generated in Collapse Trade. In addition, when users open the mysterious fragments as rewards, they can directly share the remaining prize pool.

The user who can collect the fragments in each season/or the user who opens the mysterious fragment reward is the winner of the current season. After all users choose whether to exercise the insurance business, the winner's reward will be settled uniformly.

It is a bit similar to the "collecting five blessings" function on Alipay. Once you collect all five blessings, you can get a share of the lottery pool.

Moderator: The fifth question: Everyone is very concerned about the ecological construction of the CLS public chain. How is the current ecological performance of CLS? What plans will be used to expand the ecological construction in the future?

Guest: We will develop a synthetic asset project similar to SNX based on the CLS public chain, as well as a lending DEFI platform. It is equivalent to the CLS you currently hold being able to synthesize a platform such as BTC or stable currency USDT. We rely on the users captured in the early stage to jointly build the CLS project into a unicorn public chain focusing on the construction of the DEFI ecosystem.

There are already several projects developing on the public chain of CLS, and soon a group of new partners will emerge to jointly build the public chain ecosystem of CLS.

04

“It’s not the quantity of soldiers that matters, but their quality”

Community Question 1: How is the community of the CLS public chain developing at present? How will the project build the community and get more users involved?

Guest: CLS's current community is mainly half domestic and half foreign. Because of our referral relationship, we have token recommendation rewards and community evangelism rewards. We will also develop our own CLS better to attract users. We need determined investment users rather than speculative users. Users who are just trying to get the wool are meaningless to us. The quality of the army is not the number.

Community Question 2: The CLS public chain has been launched on the Leidun Exchange on August 25. Currently, there are very few exchanges online. What will be the follow-up arrangements?

Guest: CLS was launched on the Leidun Exchange on August 25. Later, it will be mapped into an erc20 token and listed on uniswap, btswap, miniswap, and other mainstream exchanges.

Now, many projects in the CLS ecosystem will use the CLS shared chain. Later projects will use CLS for crowdfunding and open up the CLS public chain ecosystem. CLS is expected to grow a hundredfold.

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