What Is Contents Shopper Token (CST)?

Contents Shopper Token (CST) is an innovative blockchain solution for intellectual property management and trading. This platform works as a blockchain marketplace where users can buy, sell, and trade different types of digital assets in a secure and decentralized environment.

Contents Shopper Token relies on NFTs as the means to tokenize assets such as documents, books, music, videos, artwork, and more. 

How Contents Shopper Token Works

Contents Shopper Token is a platform that protects users’ intellectual property by tokenizing it into NFTs and storing it on the blockchain.

NFTs are often associated with high costs of minting and excessive gas fees because the most popular blockchain for launching NFTs is Ethereum, known for its high fees. Contents Shopper Token’s goal is to change this situation and enable everyone to tokenize intellectual property and store NFTs at modest prices. 

Content creators can use the Contents Shopper Token platform to tokenize their assets, publish NFTs, and trade with other users through the CST infrastructure. Users can manage their intellectual property, register property rights on the blockchain, attach metadata to their NFTs, and use them as proof of intellectual property rights. 

Contents Shopper Token’s intellectual property rights platform is currently in its early stages, and the token was only recently launched on the market, so it remains to see how the platform will work when it’s fully deployed.

What Is Contents Shopper Token (CST) Used For?

CST is used to tokenize intellectual property and as a platform for trading tokenized assets in the form of NFTs.

The developer team aims to integrate CST with the Coin Butler trading solution for individual traders. This integration will allow intellectual property owners to trade assets in a secure manner. It’s important to note that this feature isn’t yet active, but once available, CST users will be able to sell their intellectual property through Coin Butler or buy NFTs from other platform users.

Contents Shopper Token is in stark contrast to leading NFT blockchains that can be quite expensive for individuals to tokenize their assets. CST is a low-cost blockchain solution that charges a fraction of a US dollar for tokenizing assets and creating NFTs. 

CST is the utility token of the Contents Shopper Token ecosystem, and once the NFT minting features become operational, the token will be used to pay for transactions and tokenize assets.

Where to Buy Contents Shopper Token (CST)?

Contents Shopper Token is currently available only on one exchange platform, Bitget. In order to buy CST, users need to create a Bitget account, fund it, and buy some Tether (USDT). The platform only supports the CST/USDT trading pair, so you’ll need to have some Tether to buy CST.

How Long Has Contents Shopper Token (CST) Been Around? 

The idea of Contents Shopper Token was born back in 2017 by a team of Korean blockchain experts. However, the token itself is very young and entered the market on November 16, 2022.

What’s Controversial About Contents Shopper Token (CST)?

Contents Shopper Token has just recently entered the crypto market, and there aren’t any controversies surrounding the project yet. However, the team has delivered very little regarding the project’s features so far. For example, you can’t tokenize any assets and create NFTs on the CST platform yet. It remains to be seen whether the team will come through with their promises.

How Many CST Tokens Are There?

The total supply of CST is one billion tokens, and that’s also the current circulating supply of CST. The team sold 20% of the coins during the token sale and kept 10% as a development incentive.

Another 20% of the total supply is allocated to research and development funds, 15% will be used on marketing, 4% for paying advisors, 26% for funding the CST ecosystem, and 5% will be kept as a reserve for extra expenses regarding the project.

Can CST Be Mined?

CST can’t be mined. The CST token is based on the Binance Chain, which doesn’t use a Proof-of-Work (PoW) algorithm like Bitcoin (BTC). Because of this, users can’t mine CST. The whole supply of CST has been pre-minted by the developer team.

Market Cap and Price History of Contents Shopper Token (CST)

CST has a fully diluted market cap of nearly 3 million USD. In terms of token price, CST was launched on the market with a price of 0.0028 USD and managed to reach an all-time high of 0.0035 USD a few days after its launch. The token later stabilized its price at around 0.0029 USD.

Biggest Competitors of Contents Shopper Token (CST)

CST’s use case of tokenizing intellectual property and protecting intellectual property rights with NFTs is a fairly innovative concept.

We can’t really say that the leading NFT blockchains, such as Ethereum or Binance Chain, are CST’s direct competitors because the NFT platforms on these blockchains don’t focus primarily on intellectual property rights.

However, CST has a long way to go in order to popularize its platform for the protection of intellectual rights. Users are yet to see how CST works in action. 

What Does the Contents Shopper Token (CST) Project Road Map Look Like?

The CST roadmap has very little available data. The roadmap states that the project started back in 2017 and went through multiple development phases before launching the Coin Butler platform. The CST token’s market launch is part of the platform’s Content Shopper System V1 Launch.

The rest of the roadmap states that by the end of 2022, the developer team will launch a mobile app and obtain an operating license in Korea. However, the project currently has very few features. The NFT minting option isn’t available, and users can’t trade on the platform. Hopefully, the team will deliver the promised features in the coming period.

Pros and Cons of Contents Shopper Token (CST)

Pros

• An innovative goal to protect intellectual property rights through tokenized assets in the form of NFTs.
• The team promises low transaction fees and NFT launching costs.

Cons

• The team hasn’t delivered any project features except the Coin Butler app and the market launch of the CST token.
• CST is only available on one exchange platform.