Cryptomarket datafeeds platform Santiment closed its two-stage token crowdsale July 5 after raising $12,215,250 worth of Ethereum. The early success means the public crowdsale slated to begin today is cancelled.
A preliminary community sale raised 32,000 ETH and a pre-sale facilitated by Cofound.it’s Priority Pass community brought in 13,000 more unless than one minute.
“Santiment is proud to announce the successful sell-out of our token crowdsale,” founder Maksim Balashevich said. “Now that the offering is complete, we can accelerate our mission to give crypto critical information packaged in an ideal interface so that traders can make optimal data-driven decisions in rapidly-surging markets.
“We are immensely grateful for the support of our community. Their support makes our quest to deliver data and analytics to the crypto-markets possible.”
“Cofound.it is delighted to have partnered with Santiment in their crowdsale process, and cemented Cofound.it Priority Pass as a best practice for crowdsales in 2017,” Cofound.it cofounder and CEO Jan Iaskovic said. “The highly successful sale will help to establish Santiment as the leading datafeeds platform for the crypto community and mature the rapidly growing crypto-market.”
Santiment provides an open project database blending objective data feeds and expert content that investors can use to minimize risk. Its efforts center on three target groups. Wealth and hedge fund managers can obtain multiple data feeds for quantitative trading. New crypto traders have access to key learning information. Data vending channels such as eToro, Bittrex, and Bitfinex along with set management platforms such as ICONOMI and Melonport can capitalize from real-time data solutions offering a trading edge.
The crowdsale funds will be distributed as follows:
- Data feeds (50 per cent)
- Data feeds and service acquisitions (15)
- Business development and marketing (15)
- Operations (10)
- Legal (5)
- Reserve fund (5)
The SAN token is the only way to access auctions for exclusive data feeds and content on token sales, team analyses, due diligence, and country-specific regulations. Non-exclusive services are available through subscriptions available in fiat currency.
“Already in an alpha stage, Santiment has developed a working mobile app offering historical price feed and charts, a trollbox sentiment feed, and a sentiment journaling game,” Mr. Balashevich said. “Thanks to the enormous support of our community, Santiment can continue to build out its mobile and web terminal. Moreover, the crowdsale places Santiment in prime position to establish itself as the financial market data and content platform of choice for the cryptocurrency and blockchain space, comparable to the position that Bloomberg and Thomson Reuters hold in traditional financial markets.”