A few important points before you get to the presale.
Read them carefully, they're important!
13 Feb. 2017 00:20 GMT (Countdown)
By participating in the current presale, you are purchasing a pre-sold software license for services on the Santiment network, as represented by the Santiment Network Token (SNT). Read our preliminary "Digital Token Design" document to get more details on what it's for and how it works.
The money collected during the presale will be used to prepare for the crowdsale. That means preparing an minimum viable product (MVP), among other things including: A formal whitepaper describing exactly what we're building and how Ethereum smart contracts make it possible.
CONDITIONS FOR THE PRESALE:
There are a minimum of 4,000 ETH and a maximum of 12,000 ETH worth of tokens available. The Presale ends when the cap is filled, or in 3 weeks time.
If the minimum threshold (4,000 ETH) is not reached all participants will receive refunds of their contributions. SNT themselves will only be released as the conclusion of a crowdsale in several months time.
To reward early participants, presale participants receive 54% more SNT relative to crowdsale participants, distributed on a first come first serve basis. Here's an example calculation:
NOTE: These tokens are strictly for use on the Santiment network for Santiment services. They have no other intended uses.
For example, if a participant contributed 100 ETH in the presale and 100 ETH in the crowdsale, they would receive the following: (100 x 1.54) + (100 x 1) = 254 ETH worth of Santiment Network Tokens. If they participated in the crowdsale alone, they'd receive just 100 ETH worth of SNT. Specific token amounts and price per token depend on total contributions to the presale, added to the crowdsale token batch.
You are responsible for your own purchases. If it is not legal to pre-purchase this software license in your jurisdiction, you cannot participate in this presale. You are responsible for doing your own due diligence to ensure you are acting within the laws of your jurisdiction. By participating you waive all rights to sue Shantiment PTE LTD, including the right to participate in class action lawsuits. By participating you agree to indemnify Shantiment PTE LTD against all forms of potential and actual damage that could occur as a result of your participation with the Santiment presale. You must be over 18 years of age to participate in the Santiment Presale.
If you have any questions, please forward them to -> contact (at@) santiment.net. You can also get access to our Slack channel and ask any questions directly there.
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