Place/Date: New York, New York - June 29th, 2017 at 9:54 am UTC · 5 min read
Contact: Kerry Close, Source: Wachsman
Santiment, the datafeeds platform showing the true state of the crypto-markets, has today announced it will launch a three-stage token sale for its token SAN. Santiment will commence a highly-sought-after community sale on July 4, 2017, followed by a sale via Cofound.it’s revolutionary Priority Pass mechanism on July 5, and a public crowdsale starting July 6, 2017 and concluding August 6, 2017. The token sale will have a minimum threshold of 15,000 ETH and a maximum cap of 45,000 ETH. Santiment is the first project guided by Cofound.it, the platform for the world’s most innovative startups planning crowdsales.
Santiment Founder Maksim Balashevich said: “Santiment is proud to partner with Cofound.it, the leader in establishing cryptocurrency and token sale best practices. Leveraging the expert guidance of the Cofound.it team and the company’s innovative Priority Pass mechanism, Sanitment is confident in hosting a substantial token sale that will help us deliver the market sentiment and blockchain activity platform that the crypto community has long demanded.”
Cofound.it CEO and Co-founder Jan Isakovic said: “Santiment represents the first of the very select few startups that have passed through Cofound.it’s rigorous selection process. We are confident in the ability of this prolific team to deliver its much-needed product to the crypto community.”
By creating a transparent database of projects, Santiment provides investors with a definitive means by which to identify and avoid nefarious, untrustworthy crowdsale projects. When combined with objective data feeds and expert-curated content, the solution gives subscribers an advantage in trading, while mitigating the risk of their investments.
SAN gives users and exchanges access to streams of information and feeds. It is also the sole means of accessing auctions for exclusive datafeeds and content related to token sale and team analysis, market research, project due diligence, and country-specific regulations. Non-exclusive services will also be available for subscriptions payable in fiat currency.
Santiment will focus on servicing three key customer bases: wealth and hedge fund managers, traders new to crypto markets, and data vending channels. By using the Santiment platform, wealth and hedge fund managers will gain access to a diverse set of useful datafeeds for quantitative trading. Beginner crypto-traders can obtain easily-digestible insights into market trends. Data vending channels — including exchanges like eToro, Bittrex, and Kraken, as well as asset management platforms like ICONOMI and Melonport — will receive instantaneous data solutions to lend them a competitive advantage while trading.
Santiment’s token sale will be divided into three stages: the first 75% of the raise will be open for participation to the Santiment community. The tokens remaining from the community sale and the next 25% of all tokens will be open for Cofound.it Priority Pass holders. All remaining tokens will then be open to any interested party. Priority Pass members will be notified via email when Santiment tokens become available to them. The remaining tokens will then become available during the public sale on July 6, 2017.
Funds raised in the token sale will be distributed as follows: 50% will be reserved for the datafeeds development, 15% will go to datafeeds and service acquisitions, 15% for marketing and business development, 10% for operational expenses, 5% for legal expenses, and the remaining 5% will serves as a reserve fund.
In its current alpha stage, Santiment has already developed a working mobile app. It consists of a historical price feed and charts, a trollbox sentiment feed, and a sentiment journaling game. This combination of feeds is the foundation for a growing mobile terminal. Santiment aims to have a functioning mobile and web terminal completed by early 2018, with thousands of datafeeds by 2019.
Balashevich said: “The Santiment team aims to build the market data infrastructure that powers the entire cryptocurrency and blockchain space. The team consists of proven entrepreneurs and crypto-traders. To bring Santiment to life, this group of experts is launching a token sale with an innovative mission to create a better-informed community.”
As part of the Cofound.it program, Santiment benefits from the advisory team including The Business Blockchain author and Ethereum advisor William Mougayar; Week in Ethereum author and Ethereum ecosystem expert Evan Van Ness; blockchain apps and incentive design expert Vincent Eli; Collider accelerator Co-Founder David Prais; ICONOMI Co-Founder Tim Zagar; Senior Manager at Deloitte, Lan Filipic; Managing Partner at Novak Rutar Law Firm Nejc Novak; and Wachsman PR, the world’s leading blockchain public relations agency.
Maksim Balashevich said: “With the support of the community and Cofound.it, Santiment will be the financial market data and content platform of choice for cryptocurrency and blockchain space, analogous to the role that Bloomberg and Thomson Reuters serve in traditional financial markets. Santiment offers datafeeds and content streams, including newswires, alongside a regularly updated database of cryptocurrency projects. Its long-term goal is to serve as the market data infrastructure for cryptocurrency and the blockchain economy.”
Supporters can participate in the SAN token sale with Ethereum (ETH). SAN tokens are intended to be traded on major exchanges.
Santiment Founder Maksim Balashevich is available to interview.
Santiment is the datafeeds platform that shows the true state of the crypto-markets. Santiment aims to be the market data infrastructure for the entire blockchain economy, thereby transforming how users trade these markets worldwide. With a range of datafeeds, content streams, and a transparent database, Santiment gives users an information advantage while making crypto safer and transparent.
Cofound.it is a distributed global platform that connects exceptional startups, experts and investors worldwide. It will first be built by the blockchain community for the blockchain community — and then for the whole world.
Disclaimer Wachsman is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.