MOST FREQUENTLY ASKED QUESTIONS ABOUT SOCIALMEDIA.MARKET TOKEN SALE
HOW TO PARTICIPATE IN SOCIALMEDIA.MARKET CROWDSALE?
The first phase of the public token sale started on DECEMBER 7, 2017, 12:00 PM PDT (-7 UTC). The token sale will last till December 21, 2017, 12:00 PM PDT (-7 UTC) or as soon as we reach the hard cap.
To participate in SocialMedia.Market crowdsale you should sign up to your personal account on our website and buy Social Media Tokens with BTC or ETH.
WHO STANDS BEHIND OF SOCIALMEDIA.MARKET?
The team behind SocialMedia.Market has years of expertise in entertainment, marketing, analysis and product development. Being one of the biggest private game retailers we have sold over 10 million of games in the past 3 years. We have also created a popular marketplace for virtual items — CSGO.CASH. It has almost a million active esports players monthly selling their in-game items.
Games and Esports industries were the first to discover enormous potential of influencer marketing. Therefore, we were among the early adopters of the strategy, learning by hand all the drawbacks and problems of influencer marketing. We have unique insights of how the industry operates and how to make everything simpler and better.
WHAT IS TOTAL SUPPLY OF TOKEN SMT?
- Token sale phase 1: 20% (phase hard cap 10.000.000 tokens)
- Token sale phase 2: 60% (phase hard cap 30.000.000 tokens)
- Reserve for platform core functionality: 15% (issued after token sales)
- Reserve for partners, bounty and advisory board: 5%
Based on the number of tokens distributed during both sale phases, 15% more tokens will be issued for platform core functionality and 5% for partners and advisors. This will form the total amount of SMTs ever issued.
Given that the hard cap of both sale phases is reached, the total amount of Social Media Tokens will be 50.000.000
WILL YOU HAVE ANY DISCOUNTS / BONUSES?
During the crowdsale we have a bonus 10%.
WHAT PAYMENT METHODS DO YOU ACCEPT?
The payments are accepted in ETH and BTC only. PLEASE, NOTE! Regardless of the currency you choose for contribution (ETH or BTC) you need to have the Ethereum wallet address (Master Wallet) in order to receive SMT.
HOW THE TOKEN CAN BE USED?
SocialMedia.Market’s core functionality will be maintained by a utility token — Social Media Token (SMT). SMTs will be nessasry to create and pay for marketing campaigns, to pay for additional services and tools within the platfrom (e.g. support of personal agent for blogers; adhanced tools and researches for brands), to pay for self-promotion campaigns by bloggers.
All token holders will be able to earn rewards in SMT within the platfrom by participating in dispute system.
Also, SMTs will be transferable outside the platform. Social Media Token holders will be able to operate on largest digital currency exchanges, where potential platform users will be purchasing SMTs in order to use platform services.
DO YOU HAVE A BOUNTY CAMPAIGN?
Yes, we are running a bounty campaign. Follow the link to check the details — https://bitcointalk.org/index.php?topic=2321059.0
HOW TO CREATE AN ETHEREUM WALLET?
Here is a short guide on how to create a wallet in MyEtherWallet. The process for other wallets is similar.
STEP 1. Visit MyEtherWallet, enter a strong password and generate a wallet.
STEP 2. Now you need to store your Private Key. There are 3 ways to do this.
- Download a .JSON file with an encrypted version of the private key. It is compatible with geth, mist and myetherwallet. Also it requires a password to decrypt (Keystore).
- Store unencrypted version of your private key by downloading it in a .JSON file.
- Copy paste a .JSON file from the website.
To get an additional level of security for your wallet you can use the Keystore (encrypted) feature.
STEP 3. Make sure to save your wallet address or the QR code. You have to give a sender a public key in order to receive transactions. You can copy the text format or the QR Code. Your QR code can also be used to create a paper wallet.
Check our video “How to create new Ethereum wallet on MyEtherWallet?”
HOW TO BUY SOCIAL MEDIA TOKEN?
To buy SMT you need to register on SocialMedia.Market.
After registration, you will need to confirm your email address by following the link in confirmation letter.
Next, enter your Ethereum address which will be used to send you Social Media Tokens. You can change your wallet after registration.
NOTE! Regardless of the currency you choose for contribution (ETH or BTC) you need to have the Ethereum wallet adress (Master Wallet) in order to receive SMT. If you buy tokens with Ethereum, please, BE SURE that the wallet you used for contribution in ETH matches your Master Wallet for SMT enrolment.
After entering ETH address, you will be redirected to personal account. There you can find all the necessary information for buying Social Media Tokens using BTC or ETH, such as:
- Change your Master Wallet
- See your balance of tokens
- Transaction history
- Calculate contribution rate in BTC or ETH
FOR CONTRIBUTING IN ETHEREUM
For contributing in Ethereum you need to send ETH to the SocialMedia.Market Ethereum address shown in your personal account. SMTs will be credited to your personal account and will become transferable after final token sale.
Minimal contribution amount — 0.01 ETH.
Please, be sure the wallet you used for contribution in ETH matches your Master Wallet (you should add it in your personal account) for SMT enrolment.
In order to contribute, we recommend using MyEtherWallet or other ERC20 token standard compatible wallet.
NOTE! Do not send ETH from cryptocurrency exchange wallets like Bittrex, Poloniex etc. This will lead to irreparable loss of your funds.
FOR CONTRIBUTING IN BITCOIN
For contributing in Bitcoin you need to send BTC to the address shown in your personal account. This address is unique and linked to your personal account. Do not give this address to anyone.
Contribution amount in SMTs will be calculated and credited to your account upon 3 confirmations. SMTs will become transferable after final token sale.
Minimal contribution amount — 0.01 BTC.
NOTE! Do not send BTC from cryptocurrency exchange wallets like Bittrex, Poloniex etc. This will lead to irreparable loss of your funds.
HOW DO I PROFIT AS MEMBER OF SOCIALMEDIA.MARKET TEAM?
First of all, holding a token grants you an ability to participate in Decentralized Dispute Solution System and being rewarded for your voting with more tokens.
Next, we are issuing tokens for advertising platform, working on the biggest growing online advetising market — influencer marketing. Market size almost tripled in the last two years and going to hit at least 10$b cap till the end of 2020. So you will be holding an in-demand tool for advertisers and influencers all over the world.
NOTICE: USA, Chine and Singapore citizens will not be able to participate in the pre-ICO, but will be able to participate in the main token sale (from the 9th of February to the 16th of March). More detailed information will be announced soon. You may double check the full list of banned countries in the token sale policy by the link below — https://socialmedia.market/assets/pdf/SMM_TOS_eng.pdf