Update on SENC Token Sale

Public Sale will begin on 6th March

Roy Lai
Sentinel Chain
4 min readMar 1, 2018

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With my team during our on-ground engagement with the villagers and farmers in Nepal. September 2017

To our Sentinel Chain supporters:

I am writing today humbled by your words, kindness and encouragement — and grateful for the trust and confidence you have in Sentinel Chain. I would like to thank the community for showing unwavering support for our KYC registrations and Proof-of-Support (POS) campaign. The POS is more than just a reward system — it is a program designed to promote the spirit of community involvements beyond just a token sale project. The real work will begin after the ICO. We see you as the source of our motivation and confidence — the knowledge that the mission behind Sentinel Chain calls on the strength of our community to shape a promising future.

The team and I have been so touched by the overwhelming number of heartwarming, creative, funny, and accurately academic Proof-of-Support submissions that we have received during the few days of our campaign. Your POS submissions have kept us humble, inspired, and most importantly, it has kept us going. Proof-of-Support is a true testament that change can only happen when ordinary people get involved, and they get engaged, and they come together to stand by it.

I truly believe in the strength of our community. And it’s not just my belief. It’s the beating heart of Sentinel Chain — our bold and some say radical experiment in rebuilding inclusive finance.

We have designed Sentinel Chain to accelerate financial inclusion in countries where there are families — from Asia to Latin America — who’ve endured decades of financial hardship. These families dream of gaining greater financial access and improve their quality of life — not only for their generation but also for the generations to come. This calls for the community’s collective action in advancing financial inclusion.

This calls for the community’s collective action in advancing financial inclusion.

Since we have designed a fair and transparent Token Distribution to Empower the Unbanked Economy, we want to offer every single supporter in our community the chance to play their part in redefining inclusive finance.

Through our POS campaign we have received around 10,000 submissions from all over the world. My team and I have been tirelessly reviewing your entries through several late nights to ensure a fair allocation of SENC Tokens. We are impressed by the high quality of submissions we have received — and as such, will require more hours than anticipated. Our team needs more time to make sure that our participants will receive a fair allocation of tokens.

As a result, we have decided to postpone the crowdsale to the 6th of March.

…we have decided to postpone the crowdsale to the 6th of March

You will be receiving an email about your POS Score by the 3rd of March. Our crowdsale smart contracts are currently undergoing an audit and the POS data will be included in our whitelist smart contract prior to the crowdsale. We will be writing a separate technical blog post about the Smart Contracts soon.

Although Proof-of-Support is a rewards-based campaign — let us, the community, not lose sight of the true purpose of Sentinel Chain. It is not to score points or secure allocations. Participation in the SENC Token Sale is only the beginning of our journey to advance financial inclusion and create transformative opportunities for the millions who are unbanked.

On behalf of my team, we appreciate all of your support. Thank you.

Revised dates of SENC Token Sale

6 March — 8 March

  • First group — 6 March 2018 at 00:01–23:59 GMT (guaranteed 24hrs)
  • Second group — 7 March 2018 at 00:01–23:59 GMT (guaranteed 24hrs)
  • Third group* — 8 March 2018 at 00:01–11:59 GMT (12 hours)
  • Fourth group* — 8 March 2018 at 12:00–23:59 GMT (12 hours)

*Please note that the Third and Fourth group are not guaranteed allocations. In the event that after the first 2 days, if there is an excess number of SENC Tokens within the US$8m Public Sale target, the remaining Tokens will be re-allocated to the Third and Fourth group.

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