How Your Total SynchroCoin (SYC) Will Be Calculated in the SynchroLife Crowdsale

Hello everyone! 👋 Thank you for your interest in SynchroLife.

We’ve received a lot of questions about the price of one SynchroCoin (SYC) token during the SynchroLife token crowdsale, and without a set price for each token it may seem a little complicated.

In today’s blog post, we’re going to explain how every SynchroLife token crowdsale participant’s total SynchroCoin tokens will be be calculated with a few examples to help you understand how it works.

✔︎ Please note: At any time you can find all the details of our token crowdsale dates, crowdsale bonuses, development road map, and more in our white paper!


How Your SynchroCoin Tokens are Calculated — The Basics

The SynchroLife token crowdsale will be distributing 55,000,000 SynchroCoin (SYC) tokens. There is no set price for the SynchroCoin tokens, instead they will be divided based upon the total amount raised during the token crowdsale.

This means that all 55,000,000 SynchroCoin tokens will be divided and distributed amongst all the participants of the SynchroLife token crowdsale. So if you participate in the crowdsale, no matter how little or how much, you will receive a portion of these 55,000,000 SynchroCoin tokens!

All of the 55,000,000 tokens will be distributed, none will be “burned” or used in other ways.

The amount of SynchroCoin tokens each participant receives will be based on how much Ether (ETH) that participant contributed during the token crowdsale. In general, the more ETH you contribute the more SynchroCoin tokens you will receive.

Specifically, this will be calculated based on this equation:

Number of SYC Tokens distributed to a participant = a*(55,000,000/c)

a = Total ETH contributed by a participant during the token crowdsale 
c = Total ETH contributed by all participants during the token crowdsale

How Your SynchroCoin Tokens are Calculated — Bonuses

In many token crowdsales, there is a set price for the token and it is offered at “discount” prices during different time periods (for example, a token being sold for 10 ETH will be sold at 10% discount for 9 ETH).

However the SynchroCoin token has no set price during the token crowdsale, so instead of discounts there will be bonuses that give you extra value for the amount of ETH you have contributed.

SynchroCoin (SYC) Image

This means if you contribute 10 ETH during a 10% bonus period, the 10 ETH will be counted as if you contributed 11 ETH when your SynchroCoin tokens are calculated!

The SynchroLife token crowdsale will have a time based bonus system, starting at 20% bonus and decreasing over time to 0%. Make sure to join early for the best bonus!

The SynchroCoin token crowdsale bonus schedule is as follows:

First 24 hours: 20% Premium Bonus 
First Week: 15% Bonus 
Second Week: 10% Bonus 
Third Week: 5% Bonus 
Fourth Week: 0% Bonus

📰 For all the details regarding SynchroLife and our upcoming crowdsale, please see our official website: http://synchrolife.org

How it Works — Examples

Now that you understand the basics, let’s look at an example 🔎

Example 1 (without bonuses):

* Please note: The following is an example of how the value of SynchroCoin will be decided. Please note this is just an example and not the real number of SynchroCoin tokens to be sold.

Step 1. 100 SYC are issued to be sold during the token crowdsale.

Step 2. During the token crowdsale, Laura contributes 50 ETH, and Kim contributes 10 ETH.

Step 3. During this 100 SYC token crowdsale, a total of 60 ETH was raised. The value of 1 SYC is now 0.6 ETH (60 ETH/100 SYC). 1 SYC is distributed per 0.6 ETH contribution. In this case, Laura receives 83.333 SYC (50/0.6) for her 50 ETH contribution and Kim receives 16.666 SYC (10/0.6) for her 10 ETH contribution.

83.333 SYC + 16.666 SYC = 100 SYC, the number distributed during this fake example crowdsale.

Does that make sense? 😊
By the way, any bonuses will be calculated during Step 2. 
Let’s look at a second example with bonuses!

Example 2 (with bonuses):

* Please note: The following is an example of how the value of SynchroCoin will be decided. Please note this is just an example and not the real number of SynchroCoin tokens to be sold.

Step 1. 100 SYC are issued to be sold during the token crowdsale.

Step 2. During the token crowdsale, Laura contributes 50 ETH with a 20% bonus, and Kim contributes 10 ETH with a 0% bonus. Thanks to the bonus, Laura’s contribution is counted as 60 ETH, and Kim’s contribution is counted as 10 ETH.

Step 3. During this 100 SYC token crowdsale, a total of 60 ETH (50 ETH + 10 ETH) was raised. 
But after the bonus, a weighted total of 70 ETH (60 ETH + 10 ETH) was raised.

The value of 1 SYC will be calculated based on the weighted bonus total. 
70 ETH divided by 100 SYC means 1 SYC will be worth 0.7 ETH. So 1 SYC is distributed per 0.7 ETH contribution.

In this case, Laura receives 85.714 SYC (60/0.7) for her 50 ETH contribution counted as a bonus of 60 ETH. Kim receives 14.285 SYC (10/0.7) for her 10 ETH contribution counted as is (0% bonus).

85.714 SYC + 14.285 SYC = 100 SYC, the number distributed during this fake example crowdsale.

📰 For all the details regarding SynchroLife and our upcoming crowdsale, please see our official website: http://synchrolife.org

Getting Your Tokens — When & Where

All SynchroCoin tokens will be distributed after the end of the token crowdsale. The SynchroLife token crowdsale is currently scheduled to end October 20, 2017 at 14:59 GMT. To participate in the crowdsale you must contribute Ether (ETH). The SynchroCoin is a ERC20 token which will use the Ethereum blockchain.

Wondering where you will receive your SynchroCoin tokens? You will receive your SynchroCoin tokens at the original address you used to participate in the SynchroLife token crowdsale, so be sure to be careful! 🚨

If you loose access to your wallet you may not be able to recover your SynchroCoin tokens. Read over our crowdsale terms and conditions for details (https://synchrolife.org/SynchroCoin-Crowdsale-Terms-and-Conditions-2017.07.03.pdf) and stay safe!

Total SynchroCoin Tokens — What about the rest?

Allocation of all 100,000,000 SynchroCoin Tokens

Although 55,000,000 SynchroCoin tokens will be sold during the crowdsale, there will be 100,000,000 total SynchroCoin tokens issued. This means 55% will be sold during the crowdsale.

Of the remaining tokens, another large portion (20% — 20,000,000) will be used as token rewards in the SynchroLife platform.

All of the tokens will be allocated as follows:
Total Tokens:
100,000,000
Tokens distributed during token crowdsale: 55,000,000 (55%)
SynchroLife Pool (Rewards in SynchroLife): 20,000,000 (20%)
SynchroLife Business: 9,500,000 (9.5%)
Team, advisors, and partners: 9,500,000 (9.5%)
Early Investors: 5,000,000 (5%)
Bounty: 1,000,000 (1%)

The 9.5% of tokens allocated for the SynchroLife business will be used for marketing incentives or campaigns to get new users, to grow the SynchroLife team, for future partnerships, and for the company’s growth over the next 5 years. Any unused bounty tokens (1,000,000) will also go to the SynchroLife business to help grow the platform.

The 9.5% of tokens allocated for the SynchroLife team, advisors, and partners will be used to reward the team for the further development of the SynchroLife platform. These SynchroCoin tokens will be locked for 1 year.


Thanks again for your continued interest and support of SynchroLife!

We hope this blog post helped answer some of your questions about how SynchroCoin tokens will be distributed to crowdsale participants.

📰 For all the details regarding SynchroLife and our upcoming crowdsale, please see our official website: http://synchrolife.org

If you still have any remaining questions about how SynchroCoin tokens will be distributed or have any questions about the SynchroLife token crowdsale, please feel free to contact the SynchroLife team at any time via email (📧 info@synchrolife.org) or Slack (📲 https://synchrolife-slackin.herokuapp.com/)!

We hope to see you for the token crowdsale from September 22nd to October 20th!


Learn more! Important Links and Information Regarding SynchroLife

SynchroLife Official Crowdsale Website: https://synchrolife.org/
White Paper: https://synchrolife.org/whitepaper.html

SynchroLife Beta App (Without Blockchain Technology and Token Rewards)
100,000+ downloads and a growing global community! Try it yourself!
iOS: https://itunes.apple.com/app/id557532449
Android: https://play.google.com/store/apps/details?id=jp.co.synchrolife

SynchroLife Crowdsale Info:

- Crowdsale Dates: September 22nd, 2017 to October 20nd, 2017
- Token Name: SynchroCoin (SYC)
- Blockchain: Ethereum based ERC20 Token
- Minimum Contribution: 0.1 ETH
- Price of SYC: No set price, allocated based on contributions. Click to learn more about how SynchroCoin tokens are calculated and distributed.
- Bonus Schedule:
First 24 hours (9/22–9/23) 20%
First Week (9/23–9/29) 15%
Second Week (9/29–10/06) 10%
Third Week (10/06–10/13) 5%
Fourth Week (10/13–10/20) 0%

Official Crowdsale Website: https://synchrolife.org/
White Paper: https://synchrolife.org/whitepaper.html
Official Blog: https://medium.com/@synchrocoin
Beta iOS App: https://itunes.apple.com/app/id557532449
Beta Android App: https://play.google.com/store/apps/details?id=jp.co.synchrolife
Twitter: https://twitter.com/synchrocoin
Facebook: https://www.facebook.com/synchrocoin
Slack: https://synchrolife-slackin.herokuapp.com/

Other Medium Articles by the SynchroLife Team:

How to Participate in the SynchroLife Token Crowdsale
Important: Tips on Avoiding Scams and Phishing Attempts When Participating in the SynchroLife Crowdsale
Rewarding Foodies for their Content with Tokens: SynchroLife Press Release
How SynchroLife Takes a Unique Position in the Competitive Restaurant Search and Discovery Market
SynchroLife Token Crowdsale Basics — Everything you need to know!
Current Features of the SynchroLife Beta App
Why We Decided to Use Blockchain Technology with SynchroLife
SynchroLife’s Token-Based Economy: How Users Can Earn & Spend SynchroCoin (SYC)
SynchroLife Crowdsale Escrow Details
Behind the Scenes: The Meaning of “SynchroLife” and Our Seahorse Icon
SynchroLife Announces New Advisor — Starbase & Tomoaki Sato
How Your Total SynchroCoin (SYC) Will Be Calculated in the SynchroLife Crowdsale
How SynchroLife will Handle Fake Reviews
SynchroLife Token Crowdsale Bounty

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