Datafeeds platform Santiment today announced a three-stage token sale for SAN, its new token.
The community sale begins July 4, followed by a sale on Cofound.it’s Priority Pass July 5. A month-long public crowdsale starts July 6. The threshold range is 15,000-45,000 ETH.
The first 75 per cent of the raise is open to the Santiment community. Any leftover tokens and the next 25 per cent are available to Priority Pass holders. Any remaining are available to the general public.
The funds will be used for the following purposes:
- Datafeed development (50 per cent)
- Datafeed and service acquisition (15 per cent)
- Marketing and business development (15 per cent)
- Operational expenses (10 per cent)
- Legal expenses (5 per cent)
- Reserve fund (5 per cent)
“Santiment represents the first of the very select few startups that have passed through Cofound.it’s rigorous selection process,” Cofound.it cofounder and CEO Jan Isakovic said. “We are confident in the ability of this prolific team to deliver its much-needed product to the crypto community.”
Santiment provides investors with a transparent project database, objective data feeds and curated content. Its three key customer bases are wealth and hedge fund managers, traders and data vending channels.
SAN users and exchanges receive access to information and feeds and is the sole means for accessing auctions for exclusive data feeds and content on different market information. Non-exclusive services are available for subscriptions payable in fiat currency.
Santiment, currently in alpha stage, has developed an app featuring historical price feeds, charts, a trollbox sentiment feed, and sentiment journaling game that will serve as the basis for its growing mobile terminal. The goal is to have a functioning mobile and web terminal ready by early next year, with thousands of data feeds available in 2019.
Maksim Balashevich said: “With the support of the community and Cofound.it, Santiment will be the financial market data and content platform of choice for cryptocurrency and blockchain space, analogous to the role that Bloomberg and Thomson Reuters serve in traditional financial markets,” founder Maksim Balashevich said. “Santiment offers datafeeds and content streams, including newswires, alongside a regularly updated database of cryptocurrency projects. Its long-term goal is to serve as the market data infrastructure for cryptocurrency and the blockchain economy.”
SAN tokens can be purchased with Ethereum and are intended to be traded on major exchanges.