SENC Token Smart Contracts and Bug Bounty Program

We are pleased to announce that the much awaited public token sale for SENC tokens will be launched on the 6th March 2018. The crowdsale will be conducted on Ethereum’s blockchain and will involve 4 smart contracts and can be found on GitHub https://github.com/InfoCorp-Technologies/sentinel-chain and is available for public review and participation in our Bug Bounty Program.

Whitelist Contract

The Whitelist contract will contain the list of all whitelisted contributor’s Ethereum wallet address, allocation as well as the group that the contributor is being assigned to. Each contributor will be assigned a group number that corresponds to the time that the contributor can start purchasing.

Token Contract

The SENC Token contract is an ERC20-compatible token that is designed to be non-transferrable until the Vesting contract has been activated. The SENC Tokens will only be available for transfer by public 3 days before listing on the first exchange. Token also facilitates airdrop to a group of recipients as long as the contract has sufficient balance.

Sale Contract

The Sale contract is organized as follows according to the whitepaper:

• 20% (100,000,000 SENC) of total supply will be minted and sent to a single early supporter wallet address.
• 30% (150,000,000) of total supply will be minted and sent to a single treasury wallet address.
• 10% (50,000,000) of total supply will be minted and sent to a single founding team wallet.
• 20% (100,000,000) of total supply will be minted and sent to a single presale wallet address.
• 20% (100,000,000) of total supply will be available for minting and purchase by public.

Tokens are non-transferrable in these wallets and can only be unlocked by the Vesting contract.

Vesting Contract

The Vesting Contract will control the distribution of the release of tokens using the following conditions:

A) Pre-sale and Early Supporters

• Receives 25% of their purchased tokens once the contract is activated.
• Receives 25% of their purchased tokens subsequently after every 4 weeks (3x)

B) Founding Team

• Receives 20% of their awarded tokens once the contract is activated.
• Receives 20% of their awarded tokens subsequently after every 24 weeks (4x)

C) Public sales

• Public sale contributors will be able to transfer their tokens immediately upon activation of the vesting contract.

Sentinel Chain Bug Bounty Program

Sentinel Chain will offer a bug bounty program based on the rules following https://bounty.ethereum.org/.

The discovery of the bug will be rewarded based on 2-tiers:

• Tier-1 (32,000 SENC): A security vulnerability that will result in loss of value (tokens or ether).
• Tier-2 (16,000 SENC): A security vulnerability that will not result in loss of value (tokens or ether) but can result in a showstopper of the crowdsale.

Rewards will be awarded after the end of token sale. Rewards will be given on a first come first serve basis and issues that are already submitted or reported by another user or already known to the team will not eligible for bounty.

Any issues should be submitted to bounty@sentinel-chain.org with a description and instructions on reproducing the attack vector. Quality of the description will influence the level of the bounty within its severity category.

Sentinel Chain Smart Contract Security and Audit

The smart contracts are audited by Hosho. Hosho is the world leader in blockchain security, focusing on smart contract auditing and penetration tests. Current events show that attackers use a variety of methods to target companies utilizing the blockchain, and Hosho’s focus is to prevent these attacks from being possible. In addition to working with ICOs and companies entering the blockchain, Hosho is partnered closely with a network of cryptocurrency exchanges, investors, legal partners, and developers in order to grow best practices for security in the blockchain industry.

Website: https://sentinel-chain.org
Medium: https://medium.com/sentinelchain
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Announcements: https://t.me/sentinel_ANN