Digital Token Advisory Firm Forms Strategic Partnership with Constellation Labs
Element Group, an advisory firm for digital token capital markets, has announced it has entered into a strategic partnership with Constellation Labs (‘Constellation’), a DAG protocol that runs smart contracts as micro-services for blockchain. Element Group’s Valence platform— 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 the 7th of July 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 micro-services.
The platform will act 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 allows for the on-boarding of thousands of users into the digital asset ecosystem.
Daniel Ice, Chief Technology Officer of Element Group, stated: “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. 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.”
COO of Constellation, Ben Jorgensen said: “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, on-boarding thousands of users in a unique and exciting manner. Over the next six months, Constellation’s airdrops will ensure that developers and other participants in our ecosystem can carry out secure and successful on-boarding processes as they navigate the uncharted territory of the digital asset space.”