Santiment’s Token Sale; Everything You Need to Know in One Place!

Welcome, one and all! Having finished our whitelisting, we are now ready to share details on the Santiment token sale. Note that this document is subject to review as needed, and we’ll try to keep it updated so that it’s the central source of information on the token sale.

First of all, there will be a minimum cap of 15,000 ETH, and a maximum cap of 45,000 ETH. That’s right, this is a hard cap. It will be at a fixed price of: 1 ETH = 1000 SAN. SAN is minted upon receiving ETH.

There are 3 stages in total and it’s important to know which stage you are eligible for.

STAGE 1 — SANTIMENT COMMUNITY

Who is this for?
This is ONLY for people who have submitted their ETH addresses to the Santiment community whitelist during 23rd June — 26th June. If you’ve missed it, there’s no way to get in any longer. Your contributions will automatically be rejected. The whitelisted community can claim up to 75% of the total hard cap, totalling a maximum of 33,750 ETH

How do I check whether i’m on the whitelist?
Please visit:
-https://etherscan.io/address/0xd2675d3ea478692ad34f09fa1f8bda67a9696bf7#readContract
- Input the ETH address you have provided us during the whitelist process in “2. allowed” and click “Query”
- Your new min ETH and max ETH *will be displayed in Finney*. 1000 Finney = 1 ETH. E.g, 60000 Finney = 60 ETH.

When does it start?
It begins at block #3973420 or approx. July 4th 1600hrs GMT+1

Do I need to rush?
Not at all, you have 24hrs to contribute once it starts. The whitelist has accommodated everyone. Just be sure to contribute within your specified range.

STAGE 2 — CFI PP

Who is this for?
This is ONLY for people who have an original CFI Priority Pass from CFI’s presale. The maximum allotment for the CFI distribution is 25% of the total hard cap, or 11,250 ETH, plus whatever is left from the Community stage.

How do I check whether I’m on this whitelist?
You can check whether you’re on this CFI whitelist by checking their original smart contract here, query form 8 and enter your ETH address:
https://etherscan.io/address/0x55ae5792903b179915e10065e26610435832a3f7?utm_source=Cofound.it&utm_campaign=809a05304c-WEEKLY_2017_06_23&utm_medium=email&utm_term=0_6f182dcd64-809a05304c-80160757#readContract

When does it start?
It begins at block #3978496 or approx. July 5th 1600hrs GMT+1

Do I need to rush?
Probably, it’s first come first serve when it starts. No contribution limits.

STAGE 3 — PUBLIC

Who is this for?
Everyone and anyone can participate in this. Whatever amount of SAN tokens unsold from Stage 2 will cascade down to this stage.

When does it start?
It begins at block #3983578 or approx. July 6th 1600hrs GMT+1 only if there are any SAN tokens leftover from Stage 2.

Do I need to rush?
Probably, it’s first come first serve when it starts. No contribution limits.

All announcements will be delivered first via the email list and the #announcements channel in our slack. Then they will show up on our website, shortly after. To minimize scamming, we are hiding our official ETH contribution address until the start of the token sale.

To participate in the Santiment token sale, you must go through the following steps:

1. Go to our website https://santiment.net/token-sale/ while the token sale is active. Click Participate.
2. Read through and agree to the terms and conditions. Click “Continue”. You will be taken to the next page.
3. ETH contribution address will be displayed. Double check that the ETH contribution address ends with the last 5 digits “41d6A”.
4. This page will have the ETH contribution address. Ensure you send ETH only within your whitelist specified range, or you will be refunded!

Things to note:
- Gas limit: 200,000
- DO NOT SEND FROM EXCHANGES. Only from an address you have the private key to.

Finally, no matter which stage you are in, 1 ETH = 1000 SAN, there are no bounties, discounts, or bonuses in this token sale.

In the interest of full transparency, there remains the possibility of a delay on July 4th. There are 2 circumstances that could cause a delay:

1. If Switzerland’s FINMA needs substantial changes to our regulatory ruling, we will have to delay to do that. Because we want Santiment to dominate crypto-data market share in 5 years, it’s important that our legal base is solid from day 1. NOTE: We are in talks. Details forthcoming post-token sale.
2. Most importantly, smart contract audits are ongoing. If we see any ways to enhance contract security, we will take them. If our auditors need more time, we will give it to them. The security of the token sale is our absolute priority. NOTE: The audit is complete. Details forthcoming post-token sale.

If for either reason we have to delay our token sale, our aim will be to start and finish the token sale as soon and as securely possible after that. We will only proceed with the token sale if we believe it can be conducted responsibly.

General Token Sale FAQ

I live in the U.S, can I participate in the token sale?
Due to legal requirements, U.S persons are not allowed. IP addresses from the U.S will be blocked and we cannot allow any confirmed U.S persons to participate in the token sale.

All contributors should refer to our terms of service which will be available prior to the token sale. It specifies the nature of the Santiment Token (SAN), and the conditions for participation.

Can I send ETH from an exchange to participate in the token sale?
No. Please do not send any ETH from an exchange as you will not be able to receive your SAN tokens using that method. You will likely lose your contribution and there is nothing we can do about it.

Only use ETH wallets that you own and have access to the private keys. Below are some wallets we recommend:

• Myetherwallet.com
• Ledger Nano S
• Parity
• Mist

When will the tokens be transferrable?
Tokens are planned to become transferrable in 7 days after the token sale. This number is not guaranteed. If something critical happens during the token sale, it may take a longer time to resolve.

When will the tokens be tradable at exchanges?
Exchanges will be able to list tokens immediately after they become transferable. Ultimately, it’s up to the exchanges whether they will list us and they will be the first to announce it, not us.

What is the potential distribution for the token sale?
Regarding the potential distribution, our target and ideal distribution is as follows:

If the maximum hard cap is reached, here is the final distribution:

1. 18% goes to the Santiment team to align incentives.
2. 4% to key advisors and strategic partners.
3. 6% goes to reward and partner pool to incentivize network participants.
4. 18% goes to the presale participants.
5. 54% goes to the token sale participants.

Therefore:

Available supply = 60,000,000 SANs
Total supply = 83,333,000 SANs*
*Calculated based on the scenario where token sale hardcap is reached.

If only the minimum cap of 15,000 ETH is reached (and no more), here is the hypothetical distribution:

1. 18% goes to the Santiment team to align incentives.
2. 4% to key advisors and strategic partners.
3. 6% goes to reward and partner pool to incentivize network participants.
4. 36% goes to the presale participants.
5. 36% goes to the token sale participants.

We hope the community joins us in the token sale and helps make the distribution as wide as possible.

Gas limits will be specified as the token sale nears; We’re hoping that by splitting the contribution periods and using whitelists, we will minimize disruption to the Ethereum network, while being responsible about the raise.

And that’s everything you need to know about the Santiment token sale. Further questions are best asked in slack, and we recommend you join our newsletter to get all the information. Links below. Join us in making a market data infrastructure for crypto a reality!

Email Newsletter: http://eepurl.com/cfgl3n

Slack Invite: https://santiment-slack.herokuapp.com/

And learn more about us at www.santiment.net