TOKEN DESCRIPTION
Markets and Value
SilentNotary is a global notary service, which will be used by customers in the b2b and b2c markets.
Sufficient tokens must be available to address these volume markets as a single transaction is less than $ 1,00.
So, due to the specifics of the business, many cheap tokens must be issued.
It’s easy to understand by analogy — it is not convenient to use a 100 dollar note for a small purchase like purchasing a postage stamp.
The price for 1 SNTR token is 0.0000002 ETH.
In order not to get confused in figures;
-> 1 million SNTR tokens are equal to 0.2 ETH.
- > 1 ETH equals 5 million SNTR tokens.
Hardcap
The hardcap was initially set at the level of 100 000 ETH. The last pump of cryptocurrencies makes it an unnecessarily large 65 million USD. After recalibrating, a hardcap was set at the level of 15 million USD.
A Smart Contract will lock up all unsold tokens for one year with partial unlocking for future development.
Tokens Supply and Distribution
The general distribution of tokens is as follows:
ICO Phases
The SNTR tokens will be available for purchasing during different rounds. The number of rounds depend on the market conditions and the marketing strategy.
Token’s Function
The SNTR token is an application token. It is required to access the service — to write hash code in the blockchain.
SNTR tokens do not guarantee any income and, in accordance with the Howey test, it is not a security token.
All tokens received as payment are deposited with a smart contract and are withdrawn from circulation. The return of tokens into the market is possible only if these actions are performed in the interests of all token owners.
The cost of implementing a smart contract for its function is described in detail in our whitepaper.
Minimum Contribution
The minimum contribution for participating is set for 0.1 ETH
ETH Wallet
You should not use an Ethereum wallet from exchanges like Bittrex, Poloniex or others. Your tokens can be lost and doing so is at your own risk. We recommend you to use MyEtherWallet at https://myetherwallet.com;
