SENNO PEGS TOKEN TO NEO AND EXTENDS ITS PRESALE UNTIL THURSDAY, MAY 10TH, 2018!
In our efforts to support NEO holders in the community we have decided to peg the SENNO token to NEO and extended our Presale for another 10 days! This means you can still sign up for the SENNO Token presale until Thursday, May 10th, 2018, Midnight EST. The bonus structure will remain unchanged until the end of the presale.
The decision to extend the Presale was taken due to the understanding that most of its contributors are NEO holders, so the SENNO token is best pegged to the value of NEO — Making sure that any fluctuation in the value of NEO will not affect the value of the Senno Tokens. Making this shift will not affect the soft cap and hard cap of the ICO, both will still be expressed in USD.
Past contributors will be properly compensated to make sure they’ve earned by contributing early. All Presale contributions will be adjusted according to 1 NEO = 10,000 Senno tokens, meaning that past contributors will get extra tokens as compensation based on the total contribution value and the NEO\USD value at the time of the contribution.
Example 1: 10 NEO were invested with 20% bonus, the amount of tokens according to the new model should be 10 X 10,000 * 1.2 = 120,000 Senno Tokens.
Example 2: 1 ETH was invested with a USD value of $500 and 20% bonus while the value of NEO was $50, the USD value is worth 500 / 50 = 10 NEO. Thus, the token amount will be 10 X 10,000 SENNO + 20% bonus = 100,000 SENNO X 1.2 = 120,000 SENNO.
In both cases if the contributor got fewer tokens on his past contribution, his account balance will be adjusted to 120000 tokens, user dashboard should be updated within 24 hours.
In rare cases where the new total with bonus is lower than the existing total of SENNO tokens a contributor has received, the higher one will be used and his balance will NOT be reduced.
Remember the Presale will end on May 10th, 2018 | Midnight EST
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Contact us for any queries at support@senno.io
