SANTA MONICA, Calif.--(BUSINESS WIRE)--Element Group, a full-service advisory firm for the digital token capital markets, today announced that it has entered into a strategic partnership with Constellation Labs (“Constellation”), a DAG protocol that runs smart contracts as microservices for blockchain. Element Group’s Valence platform—a unique and fully integrated technology platform that is designed to conduct safe, compliant and user-oriented token sales—will be utilized to conduct Constellation’s AirDrop, which follows a successful private sale and pre-sale rounds.
Constellation’s large-scale AirDrop model will include six airdrops over the next six months, the first of which, focused exclusively on ecosystem developers, began on July 7th and included 2,000 participants. A total of 30 million tokens will be distributed evenly across the six AirDrops, with 250 tokens allocated to community members and 1,000 tokens allocated to developers. The start of the AirDrop kicks off Constellation’s efforts to increase registration and developer outreach, facilitating membership to the developer portal which offers access to the Constellation team and priority access to tools for building microservices.
Element’s Valence platform will power Constellation’s AirDrop, acting as a customer relationship manager (CRM), driving community members to the platform while ensuring compliance and providing necessary technical support. Using Valence, the distribution model at play allows for the onboarding of thousands of users into the digital asset ecosystem.
“Our Valence platform provides the tools necessary to carry out compliant token generation events in a way that fosters sustainable growth and efficient management of rapidly expanding communities,” said Daniel Ice, Chief Technology Officer of Element Group. “Our goal through this strategic partnership with Constellation is to provide a seamless experience for its members while connecting buyers, developers, and community members in the digital asset space.”
“Utilizing Valence to power Constellation’s AirDrop allows us to implement our innovative and large-scale model that will grow our developer and community member base, onboarding thousands of users in a unique and exciting manner,” said Ben Jorgensen, COO of Constellation. “Over the next six months, Constellation’s airdrops will ensure that developers and other participants in our ecosystem can carry out secure and successful onboarding processes as they navigate the uncharted territory of the digital asset space.”
About Element Group
Element Group is a full-service advisory firm for the digital token capital markets that delivers advisory, capital markets, technology and asset management services in an integrative manner. Element manages investor and client funds on a non-discretionary basis, investing in promising emerging protocol and dApp technologies and utility driven crypto-currencies. Element also executes token sales and ICOs and supports market-leading transactions with technology, bridging the gap between token buyers and issuers, and delivering thought leadership on structuring and process. Learn more at: www.elementgroup.com
Constellation is a horizontally-scalable blockchain microservice operating system. Its serverless architecture ensures high transaction throughput, allowing for consumer grade distributed applications to be built on the system. Constellation uses a protocol called Proof-of-Meme to achieve consensus. This method incorporates a node’s historical participation into delegate selection, rewarding benevolent behavior. An intuitive user interface provides a frictionless on-ramp for non-technical users to develop distributed applications on Constellation. For more information, visit constellationlabs.io.