CoinstoxPrice

(CSX)

Coinstox (CSX) was envisioned as a decentralized crowdfunding portal designed to support startups, entrepreneurs, and established businesses. Its main goal was to facilitate rapid, intelligent, and transparent capital generation for these entities by enabling them to exchange tokens for funding. The platform aimed to bridge the gap between innovative startups and potential investors, allowing businesses to tokenize their operations and engage with a broader community for support.

The CSX token is an ERC-20 standard token, serving as the native utility token for the Coinstox platform. It was intended to be the foundational "blood" of the ecosystem, meaning all listed startups on the platform were expected to interact with CSX tokens. Specifically, CSX tokens were required for executing various tasks and for projects to be listed on the platform. The total supply of CSX tokens is capped at 1 billion.

Coinstox operated as a platform where startups and companies could seek and receive community support through cryptocurrency to fund their projects. Companies were able to create their own unique crypto project tokens and distribute them to their supporters. In return, these supporters would unlock diverse benefits associated with these project tokens. Additionally, the platform incorporated a decentralized exchange (DEX), facilitating secure and transparent trading activities within its ecosystem.

The founding team behind Coinstox included Thomas Ganz, Ridvan Bektas, and Sükrü Bektas. Thomas Ganz was identified as a project developer, crypto advisor, and investor, bringing relevant expertise to the project. Sohil Shah was also mentioned as a co-founder, contributing to the initial setup and vision of Coinstox. This team was responsible for conceptualizing and initiating the decentralized crowdfunding platform.

The smart contract address for the CSX token is 0x3aadc3BCe49724ce299fD9F3850211211c399C8c. This specific address identifies the CSX token contract on the Ethereum network, allowing users and applications to interact with the token, such as verifying its legitimacy, checking balances, or initiating transactions for deposits and withdrawals through compatible wallets.

The current development status of Coinstox appears to be inactive. A significant indicator of this is that the project's official website is reported as not working, suggesting a lack of ongoing development or maintenance. While the concept for Coinstox was initially developed in June 2020 with a planned main platform launch in summer 2021, the current inaccessibility of its website means any updated roadmap or active development progress is not readily available or being pursued.