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CSR Technical Details

Blockchain specifications, token mechanics, and technical architecture.

CSR Token Specifications​

Basic Properties​

  • Token name — CSR Plastic Credit
  • Token standard — ERC-20
  • Blockchain — Ethereum mainnet
  • Launch date — 9th February 2021
  • Initial mint — 10 billion CSR

Token Definition​

  • 1 CSR — Represents 100 grams of plastic waste removed
  • 10 CSR — Represents 1 kilogram of plastic waste removed
  • 1 kg removed — 10 CSR Plastic Credits issued as digital receipt

Smart Contract​

Contract Details​

  • Type — Standard Mintable Ownable ERC20
  • Library — OpenZeppelin (widely used, battle-hardened)
  • Source code — Verified and published on Etherscan.io

Owner Functions​

  • Change name — Owner can change token name — never used, no plans to use
  • Change symbol — Owner can change token symbol — never used, no plans to use
  • Renounce ownership — Permanently removes owner functions — can be invoked, no current intention

Renounce Ownership​

  • Process — Creator calls function, signs transaction, pays ETH gas fee
  • Effect — Permanently removes ability to change name/symbol
  • Status — Not invoked, no intention to do so

Corporate Wallets​

Wallet Management​

  • Holders — Corsair and Amplivo
  • Manager — Group CIO
  • Contents — Do not represent CSR in circulation
  • Purpose — Corporate reserves, delivery source

CSR Release​

  • Trigger — Plastic waste removed by Corsair or Contributor Program participants
  • Release — From corporate vault
  • Delivery — To CSR Central (CSRnow.com)

CSR Original (2021)​

Overview​

  • Minting date — 2021
  • Volume minted — 10 billion CSR
  • Purpose — Digital receipt for plastic waste removal

Token Burn Plan​

  • Scope — CSR not delivered or committed by end of 2024
  • Action — Permanently removed from circulation (burned)
  • Purpose — Align circulating supply with actual plastic removal

Buyback Program​

  • Source — Portion of Corsair's revenue from oil sales
  • Action — Repurchase CSR Original from open market
  • Purpose — Sustain token value, provide market liquidity
  • Destination — Corsair's balance sheet

CSR Annualized (Future)​

Overview​

  • Naming — CSR[YY] (e.g., CSR25 for 2025)
  • Start — January 2025
  • Purpose — Align token issuance with actual annual impact

Minting Schedule​

  • Frequency — Monthly
  • Basis — Verified plastic waste removed that month
  • Verification — Based on Corsair and contributing partners' activities

Transparency​

  • Matching — Token issuance matches real-time environmental efforts
  • Reporting — Enhanced transparency for token holders
  • Credibility — Reinforces CSR as measure of environmental impact

Future Buyback​

  • Status — Framework not finalized
  • Possibility — May include similar or adapted strategies
  • Factors — Market conditions, Corsair's strategic goals

Blockchain Continuity​

  • Platform — Ethereum blockchain (anticipated)
  • Contract — Similar mechanism to original CSR
  • Benefits — Continuity, reliability, integration with existing infrastructure

Token Distribution​

Delivery Mechanism​

  1. Plastic waste removed by Corsair/contributors
  2. CSR released from corporate vault
  3. Delivered to CSR Central (CSRnow.com)
  4. Delivered in tranches per delivery schedule

Historical Distribution (Pre-October 2023)​

  • Method — Delivered simultaneously to blockchain address
  • Gas costs — Borne by company
  • Change — October 2023: CSR Central launched

Current Distribution (Post-October 2023)​

  • Platform — CSR Central (part of CSRnow.com)
  • Storage — CSR held within CSR Central
  • Withdrawal — Member-initiated to external ERC-20 wallet

Withdrawal Technical Details​

TokenAward.com​

  • Purpose — CSR distribution to members
  • Architecture — Built by CIO
  • Optimization — Gas cost optimization
  • Operator — Senior support team member under CIO guidance
  • Future — May be phased out for direct single-transfer

Withdrawal Process​

  1. Member selects Withdraw, chooses EOA, specifies amount
  2. Security: OTP and Google Auth confirmation
  3. Request reported to CEO for approval
  4. Auto-approve threshold: 300,000 CSR (subject to change)
  5. Processing typically on Sundays
  6. Distribution via TokenAward.com

Withdrawal Fee​

  • Amount — 250 CSR
  • Purpose — Cover gas costs
  • Destination — Designated wallet on CSR Central for future gas

Withdrawal Restrictions​

  • Supported — Any EOA (Externally Owned Account) on Ethereum
  • Not supported — Exchanges, other contracts

Retirement Vault​

Technical Implementation​

  • Type — Null contract
  • Design — No withdrawal function
  • Effect — Tokens permanently out of circulation
  • Source code — Verified and published on Etherscan.io

Retirement Process​

  1. Holder navigates to CSRnow.com
  2. Initiates retirement of any CSR amount
  3. CSR sent to retirement vault
  4. Transaction hash and sending address recorded
  5. Certificate available for download

Gas Fees​

  • Responsibility — Retiring member pays gas costs
  • Additional fees — None charged by CSRnow.com

Security & Compliance​

AML/CFT​

  • Status — Actively seeking compliance
  • Scope — Applicable anti-money laundering and combating financing of terrorism regulations
  • Purpose — Uphold legal integrity of platforms and CSR ecosystem

Audits​

  • Smart contract — Regular audits of CSR token activity
  • Purpose — Understanding of circulating CSR activity

Exchanges​

Exchange Listings​

  • Company role — Works with exchanges to encourage listing
  • Control — No control over who lists CSR
  • Fees — Amplivo has no part in exchange fees

Exchange Operations​

  • Deposit — CSR can be deposited to any exchange listing CSR
  • Trade — CSR tradeable against other crypto assets
  • Withdrawal — CSR can be withdrawn from exchanges
  • Fiat conversion — Some exchanges allow USDT→fiat conversion

Compliance Uncertainties​

  • CSR token issuance alignment — Under compliance review
  • Regulatory standards — Seeking legal opinion
  • Required changes — To be addressed before legal opinion