ICO Details: Santiment
Information Market for Cryptos
Santiment is a very interesting project that looks at bringing the world of investing news and information in your hands. By creating a network of market specialists, investors and 3rd parties like exchanges they will have the ultimate information market available to everyone willing to pay for it. Information on Santiment will initially be 100% created by the SAN team but they would like to make it similar to a DAO where in people will be a big contributing factor to the network. By offering incentives in the form on their SAN Token they plan on having the community be very active in trading information. A basic subscription will be available as the standard with premium packages accessible to those who are willing to pay for them. With a market filled with whales and large Chinese funds information is key; with their copious amounts of money they'll be buying information non stop.
Santiment won't just be throwing up random information onto a marketplace but rather create curated feeds tailored to the interests of the investor. If a investors exclusively trades in only BTC/ETH to fiat currency than he can make a feed with news, graphs, prices and much more just in the BTC/ETH to fiat trade. The same goes for an investor who only partakes in ICOs and new tokens. Streams will include/not limited to: Token Sale analysis, economic structures and market size research, project due diligence and team analysis and regulatory updates country by country. Datafeeds may include/not limited to: Fear and greed index, volatility Index, momentum index, Accumulation indicator, slack signals and trollbox sentiment indicators. There will also be data feeds that relay Blockchain information to help make investor decisions. Santiment also sees the enormous problem in ICO crowd sales and that is transparency. Santiment would like to offer a stream of ICO information that is backed up by extensive research through Santiment themselves or incentive based community additions.
Santiment Generating Revenue
In February 2017, Santiment raised 12,000 ETH (worth approximately $135,000 at the time) in a matter of a few hours in the first round of their token sale. Since then, the development team has developed an alpha MVP version of their mobile app, which is currently available on their github.
Santiment Roadmap
Functions of the SAN Token *Info taken directly from the whitepaper*
- SAN tokens can be locked and staked to give holders, at the sole discretion of Santiment access to a limited but 'free' stream of content and datafeeds. Exchanges and asset platforms will receive special staking arrangements that allow them to share this stream of content and datafeeds with their entire customer base, along with some extra information.
- SAN tokens are required for use in Santiment auctions. These auctions involve selling highly valuable raw datasets, crowd sentiment datafeeds, and exclusive content to the Santiment community. Auctions will be used where the information edge drops as more people gain access, to restrict distribution.
- Certain actions will require a payment in SAN tokens to protect the health of the network, as well as guarantee further development of the network.
- SAN tokens holds in the Reward Pool after the Token distribution are distributed to crowdsourcing participants which contributes in the improvement of the quality of the information of the database.to incentivize healthy behavior.
CROWDSALE INFORMATION
The first 2 days are for exclusive investors. 0-24H: Whitelisted Community (Join Slack for more info) 24-48H: CoFound.it Priority Pass members 48H-Aug 4th: Crowdsale
- Token Name: SAN Token
- Start: July 4th 12:00PM EST to August 4th/Cap Reach
- Min: 15,000ETH
- Max: 45,000 ETH
- Price: 1 Ethereum = 1000 Santiment Token, there will be NO bonuses
- This crowdsale will cover the next 3 years of development.
Token Split if the maximum cap is reached:
- 18% goes to the Santiment team.
- 4% to key advisors and strategic partners.
- >6% goes to reward pool to incentivize network participants.
- 18% goes to the presale participants.
- 54% goes to the crowdsale participants.
Team (Click profiles for LinkedIn)
- Founder: Maksim Balashevich
- Serial product creator and entrepreneur, from early work at IBM to co-founding a successful hosting company. After a 7-year break to study meditation, yoga, and modern financial systems analysis, he returned to introduce German quality to a social trading startup, then after 3 years left to follow a new passion; cryptocurrencies.
- Ethereum Scientist: Dmitry Palchun
- Smart contract developer and Ethereum enthusiast. Developing our token design and "Zero Knowledge Proof" part of the platform. He leads the Hamburg Ethereum community and brings more than 20 years of IT experience with him too
- Full Stack Dev: Eugene Tartakovsky
- Full-stack web & mobile developer with a taste for beautiful UIs and seamless UX. Directs our app development. Crypto trader. Makes everything user-facing come alive.
- Marketing/PR: Mitchell Loureiro
- Experienced crypto-marketer and communications specialist. Focused on creating strong tribes. Analyzes market trends and social models in his spare time. Accepts tips in the form of dusty old books.
Partners:
- BlockChain Research Labs
- CoFound.it
- ICOnomi
- Brave New Coin
Santiment Offical Website: http://santiment.net/
What do you think of Santiment? Good idea, maybe bad idea? Let me know down below I love a conversation!
