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Status: Unreviewed

CSR Technical Details

Blockchain specifications, token mechanics, and technical architecture.

CSR Token Specifications​

Basic Properties​

PropertyDetail
Token nameCSR Plastic Credit
Token standardERC-20
BlockchainEthereum mainnet
Launch date9th February 2021
Initial mint10 billion CSR

Token Definition​

PropertyDetail
1 CSRRepresents 100 grams of plastic waste removed
10 CSRRepresents 1 kilogram of plastic waste removed
1 kg removed= 10 CSR Plastic Credits

Smart Contract​

Contract Details​

PropertyDetail
TypeStandard Mintable Ownable ERC20
LibraryOpenZeppelin (widely used, battle-hardened)
Source codeVerified and published on Etherscan.io

Owner Functions​

FunctionDescriptionStatus
Change nameOwner can change token nameNever used, no plans to use
Change symbolOwner can change token symbolNever used, no plans to use
Renounce ownershipPermanently removes owner functionsCan be invoked, no current intention

Renounce Ownership​

AspectDetail
ProcessCreator calls function, signs transaction, pays ETH gas fee
EffectPermanently removes ability to change name/symbol
StatusNot invoked, no intention to do so

Corporate Wallets​

Wallet Management​

PropertyDetail
HoldersCorsair and Amplivo
ManagerGroup CIO
ContentsDo not represent CSR in circulation
PurposeCorporate reserves, delivery source

CSR Release​

TriggerDetail
Plastic waste removedBy Corsair or Contributor Program participants
ReleaseFrom corporate vault
DeliveryTo CSR Wallet in CSR Central (CSRnow.com)

CSR Original (2021)​

Overview​

PropertyDetail
Minting date2021
Volume minted10 billion CSR
PurposeDigital receipt for plastic waste removal

Token Burn Plan​

PropertyDetail
ScopeCSR not delivered or committed by end of 2024
ActionPermanently removed from circulation (burned)
PurposeAlign circulating supply with actual plastic removal

Buyback Program​

PropertyDetail
SourcePortion of Corsair's revenue from oil sales
ActionRepurchase CSR Original from open market
PurposeSustain token value, provide market liquidity
DestinationCorsair's balance sheet

CSR Annualized (Future)​

Overview​

PropertyDetail
NamingCSR[YY] (e.g., CSR25 for 2025)
StartJanuary 2025
PurposeAlign token issuance with actual annual impact

Minting Schedule​

PropertyDetail
FrequencyMonthly
BasisVerified plastic waste removed that month
VerificationBased on Corsair and contributing partners' activities

Transparency​

AspectDetail
MatchingToken issuance matches real-time environmental efforts
ReportingEnhanced transparency for token holders
CredibilityReinforces CSR as measure of environmental impact

Future Buyback​

PropertyDetail
StatusFramework not finalized
PossibilityMay include similar or adapted strategies
FactorsMarket conditions, Corsair's strategic goals

Blockchain Continuity​

PropertyDetail
PlatformEthereum blockchain (anticipated)
ContractSimilar mechanism to original CSR
BenefitsContinuity, reliability, integration with existing infrastructure

Token Distribution​

Delivery Mechanism​

StepDetail
1Plastic waste removed by Corsair/contributors
2CSR released from corporate vault
3Delivered to CSR Wallet in CSR Central (CSRnow.com)
4Delivered in installments per promotion terms

Historical Distribution (Pre-October 2023)​

PropertyDetail
MethodDelivered simultaneously to blockchain address
Gas costsBorne by company
ChangeOctober 2023: CSR Central launched

Current Distribution (Post-October 2023)​

PropertyDetail
PlatformCSR Central (part of CSRnow.com)
StorageCSR Wallet within CSR Central
WithdrawalMember-initiated to external ERC-20 wallet

Withdrawal Technical Details​

TokenAward.com​

PropertyDetail
PurposeCSR distribution to members
ArchitectureBuilt by CIO
OptimizationGas cost optimization
OperatorSenior support team member under CIO guidance
FutureMay be phased out for direct single-transfer

Withdrawal Process​

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

Withdrawal Fee​

PropertyDetail
Amount250 CSR
PurposeCover gas costs
DestinationDesignated wallet on CSR Central for future gas

Withdrawal Restrictions​

RestrictionDetail
SupportedAny EOA (Externally Owned Account) on Ethereum
Not supportedExchanges, other contracts

Retirement Vault​

Technical Implementation​

PropertyDetail
TypeNull contract
DesignNo withdrawal function
EffectTokens permanently out of circulation
Source codeVerified and published on Etherscan.io

Retirement Process​

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

Gas Fees​

PropertyDetail
ResponsibilityRetiring member pays gas costs
Additional feesNone charged by CSRnow.com

Security & Compliance​

AML/CFT​

PropertyDetail
StatusActively seeking compliance
ScopeApplicable anti-money laundering regulations
ScopeCombating financing of terrorism regulations
PurposeUphold legal integrity of platforms and CSR ecosystem

Audits​

PropertyDetail
Smart contractRegular audits of CSR token activity
PurposeUnderstanding of circulating CSR activity

Exchanges​

Exchange Listings​

PropertyDetail
Company roleWorks with exchanges to encourage listing
ControlNo control over who lists CSR
FeesAmplivo has no part in exchange fees

Exchange Operations​

ActionDetail
DepositCSR can be deposited to any exchange listing CSR
TradeCSR tradeable against other crypto assets
WithdrawalCSR can be withdrawn from exchanges
Fiat conversionSome exchanges allow USDT→fiat conversion

Compliance Uncertainties​

AreaStatus
CSR token issuance alignmentUnder compliance review
Regulatory standardsSeeking legal opinion
Required changesTo be addressed before legal opinion