Welcome both to SAVE investors and those interested in our project! We are glad to say that our first IEO listing on Probit Exchange has been finalized. The first step in this procedure is the SAVE airdrop taking place on their website from the 20th December, which you can join by making a Probit account. This will allow potential/new investors to obtain some complimentary SaveTokens. The Probit team has informed us that the SaveToken IEO will likely begin in early January, with an integration test already having been successfully completed.
It is important to remember that the Probit IEO is only the beginning of our token sale. There shall be three rounds of sales, lasting 7 days each with prices increasing incrementally at the end of each round. The funds raised will allow us to pursue an aggressive marketing campaign and obtain a second IEO sale on an even larger exchange, after which we expect our soft cap of $5 million to be reached. All token sales are expected to conclude around March 2020, after which SAVE will be listed on exchanges for full trading.
To those new to our project, SaveToken is a fascinating decentralized finance (Defi) project like no other. Our uniqueness stems from our project’s potential for much wider use cases than other decentralized applications. For example, competitors like Maker and Bancor have successfully provided decentralized products; lending and a cryptocurrency exchange respectively. However, these technologies are still in their infancy, meaning they are unlikely to attract widespread interest from those not heavily involved in cryptocurrency. Furthermore, almost all current Defi projects only focus on one specific aspect of decentralized finance.
In contrast, SaveToken aims to provide a multi-purpose platform for businesses, linking many different decentralized applications. Our one-of-a-kind ideas are explained in great detail here in our whitepaper here and include a decentralized marketplace with escrow systems alongside our SBI tools, all integrated with our “Custom Contract” system.
As a result, there are great incentives to join our community. We now have a Telegram group here and a Twitter account, both of which we recommend you follow. This will ensure you get the latest updates, can interact with other community members and can ask any questions you may have.
For the sake of transparency, upon the completion of the Probit part of the IEO, all SAVE wallets holding investor funds and SAVE Institute holdings will be declared to the public.
The next Medium update will be published when the IEO officially begins in January, and we will see you then. Many have touted 2020 as the year of Defi adoption, and we look to be a major player in this process.
Best wishes,
The SaveToken Team
