Mining in Swiss Alps — The Token
Dear Crypto Community,
I would like to introduce to you one of the best ICO (Initial Coin Offering) nowadays based on the Ethereum Blockchain using a smart contract which means that it will comply to ERC20 standards and will be freely transferable to ethereum network. Total SAM tokens will be 239’682’538 (100%) and there will be NO MORE SAM TOKEN TO BE OFFERED. Isn’t that a great move by the company? In order to provide full transparency, the ICO smart contract code can be viewed on GitHub.
The SAM token needs a transactional blockchain with a powerful system of smart contracts. These smart contracts must be able to ensure that a transaction can be combined with the results of previous transactions to provide auditable and consistent results. To date, Ethereum is the only stable system that has achieved widespread adoption and offers these abilities.
Sam tokens are easily tradable outside the SAM platform as they are ERC20 tokens with inherent value in the exchanges.
The technical solution of the SAM platform consists of two main elements:
a. The user-facing dashboard and wallet
b. The smart contracts on the Ethereum blockchain system
ICO (click here)
Token Distribution:
Pre-sale (6.0844%) > SAE aims to raise $500000000 in this initial funding round. Subsequent token sales will be made at significantly higher prices. (14’583’333 SAM)
Main Token Sale (68.9156%) > Reserved for the main token sale and for future token sales and activities. ( 165’178’571 SAM)
Founding Team and Partners (10%) > Of which 16’777’775 (70% of the 23’968’250) will not be tradeable for one year. ( 23’968’250 SAM)
Early angel token Owners and Advisors (8%) > Of which 11’504’760 (60% of the 19’174’600) will not be tradeable for 3 years. ( 19’174’600 SAM)
Bounty Campaigns (2%) > (4’793’650 SAM)
Future Contributors (5%) > (11’984’125 SAM)
ICO (click here)
PS: If some of these tokens are not sold during the main token sale, they will be used for future funding rounds and will be locked for a minimum period of one year, until the time the platform is fully functional.
To conclude, as you can see the total number of tokens are very low compared to others like Ripple XRP and Tron TRX. Expect that the price of SAM token will shoot up when listed on exchanges. How much more when the product is fully functional? I truly believe that Swiss Alps Mining will be on top 50 of Coin Market Cap at the end of the year 2019.
For more valuable information just visit:
Website: https://swissalpsmining.io
Token Sale: https://tokensale.swissalpsmining.io/
Whitepaper: https://swissalpsmining.io/pdf/whitepaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=3828417
Best Regards,
GeckoTrader
https://bitcointalk.org/index.php?action=profile;u=1846257
PS: If any clarification please don’t hesitate to contact me.
