SocialCxN is a platform that will work in the blockchain system and use cryptocurrency as a means of payment. CXN is an Ethereum-based token that was created as a fundraising initiative. Every company would need funds in large enough quantities to grow its business. An effective way to collect funds is through crowdfunding.
Crowdfunding means that a company will openly open up opportunities for anyone to invest in the company. SocialCxN is a company that has an excellent track record. It can be seen from a series of the reputable successful brand using influencer marketing services through SocialCxN. This will certainly make it easier for investors to invest in this company.
The Token Sale
The company will begin selling CXN tokens on March 20 to April 10, 2018. This initial period is referred to as the presale period I. Furthermore, the sale will be continued presale period II which will be held on April 16 until May 7, 2018.
The soft cap of these two periods is 10,000 ETH. Subsequent sales will take place from May 11 to June 18, 2018. This period is referred to as the ICO play period. Social CxN hopes that they can sell 20 thousand ETH.
The company uses ETH as the soft cap and the hard cap standards because the company is aware that the value of cryptocurrency can change very quickly and tend to be unstable. Investors can purchase CXN tokens with a minimum purchase of 0.10 ETH. Social CxN provides 500 million tokens to be sold in the three previously mentioned periods.
Important tips
For those of you who do not understand or are new to blockchain and cryptocurrency, you should know some important things before you decide to invest in a company in a crowdfunding. Here are some tips that you can make a consideration of investment cryptocurrency.
Invest in a real company
The current trend is the number of companies or business concepts using ICO and cryptocurrency to collect funds. If you want to invest, make sure that the company is an existing company, not a business concept. Do not be tempted by the number of profits they will give you because as we mentioned before, the value of a cryptocurrency is very stable. If you make the wrong decision, then you will experience a big loss.
Currency distribution
Smart contracts that manage the distribution of coins have special rules, such as how many will be available, to whom, when, and whether unsold coins will be "burned" (destroyed) or not.
Exchange plan
The most fundamental thing for anyone who invests in cryptocurrency is the expectation that the cryptocurrency is listed on the exchange. If crypto exchanges like Coinbase, Bittrex or Kraken announce plans to make a list of coins that are still in its ICO stage, this is a very good sign.
Which blockchain is built?
New ICOs must be launched from existing blockchain unless they plan to build their own blockchain. The chain of coins was constructed to determine which crypto is there to be used to participate in ICO. A project using Ethereum blockchain will require Ether to buy the new coin. So, initially, it can only be exchanged for Ethereum and not the other crypto.
