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ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Name | Bitpanda Asset Management GmbH, Bitpanda GmbH |
Relevant legal entity identifier | 9845005X9B7N610K0093, 5493007WZ7IFULIL8G21 |
Name of the crypto-asset | Paris Fan Token |
Consensus Mechanism | Paris Fan Token is present on the following networks: Chiliz, Chiliz Legacy. The Chiliz Chain operates on a Proof of Staked Authority (PoSA) consensus model, a hybrid that combines Proof of Stake (PoS) and Proof of Authority (PoA) to secure the network through both economic and reputational incentives. Core Components: Proof of Staked Authority (PoSA) Validator Selection: Validators are selected based on their stake of CHZ tokens and their reputation within the network, enhancing security and trustworthiness. Collateral Requirement: Validators must lock a portion of CHZ as collateral, which can be slashed if they act maliciously or fail to meet network standards, ensuring alignment with network security. |
Incentive Mechanisms and Applicable Fees | Paris Fan Token is present on the following networks: Chiliz, Chiliz Legacy. Chiliz incentivizes validators and delegators to contribute to network security through rewards and transaction fees in CHZ. Incentive Mechanisms: Staking Rewards Validator Rewards: Validators earn CHZ tokens for validating transactions and maintaining network integrity. Delegator Rewards: CHZ holders who delegate their tokens to validators share in staking rewards, allowing passive participation in network security. Applicable Fees: Transaction Fees CHZ-Based Fees: Transaction fees are paid in CHZ and are distributed to validators as additional compensation, supporting validator incentives and covering network operational costs. |
Beginning of the period | 2024-09-09 |
End of the period | 2025-09-09 |
Energy consumption | 396.27040 (kWh/a) |