Summary

Symbol SAN

Crowd sale opening date 4 Jul 2017

Crowd sale closing date 4 Aug 2017

Country of origin Switzerland

Introduction

Santiment plans to be the financial market data and content platform of choice for cryptocurrency and blockchain space. Santiment offers datafeeds and content streams (including newswires) alongside a regularly updated database of cryptocurrency projects. Its long term goal is to be the market data infrastructure for cryptocurrency and blockchains.

My View

I personally liked their platform and also it is good that it is hard capped ICO which adds value to their investors. Even being a team of dedicated developers, entrepreneurs and cryptocurrency traders they have been very careful in envisioning the Santiment platform and have tried to tap into a very urgent need for the crypto currency market. While crypto currency is increasingly becoming a trading instrument and investment vehicle it is very important to get the right curated data feed as reading white papers and doing self due diligence is not possible for many investors and new comers. Also for new kind of crypto funds like ICONOMI to increase the value of their asset they also need verifiable and reliable data regarding upcoming ICOs and cryptocoin and Blockcain projects. And Santiment by addressing to all these needs is doing a great service to the cryptocurrency community and crypto trading at large.

Who Should Invest

Typically this platform is an attractive investment for all cryptocurrency investors as it helps to solve one of their biggest issues of getting credible data based on market sentiment and hard data analysis. Much of today’s trading is driven by FOMO or by the hype created by the online media surrounding crypto currencies. Also given the high profile of this platform and ICONOMI already investing 2,000 Eth it is hardly a surprise hopes are high with this platform.

The first investors for their platform will be the white labeled community participants registered via their website and the second for Cofound.it Priority Pass members and then if anything left will be available for the public and the huge reception to their pre-sale it may be a complete buyout.

Tokensale

NOTE: PRESALE STARTED AND CONCLUDED ON FEB 12th, ENTIRELY SOLD OUT!

They are launching a token sale with a minimum cap of 15,000 ETH and a maximum of 45,000 ETH, which will launch in phases on JULY 4th 2017.

This crowdsale will cover the next 3 years of development. The cap is denominated entirely in Ether (ETH), This is the HARD CAP.There will be no bonuses. This cap was decided by Santiment alongside the presale community and is final. The fixed price is: 1 ETH = 1000 SAN.

The total cap will be split into 3. The first for our community, the second for Cofound.it Priority Pass members, and the third for the public. All 3 groups are guaranteed at least some portion.

Minimum: 15,000 ETH Maximum: 45,000 ETH

Details

The token sale begins on July 4th with the Community allotment, followed by the Cofound.it Priority Pass allotment on July 5th (24 hours later) and finally with the Public Token Sale beginning on July 6th (48 hours after the community). Our targeted start time on July 4th will be 16:00 GMT+1. See below:

Community portion begins on July 4th, 16:00 GMT+1, ends on July 5th, 16:00 GMT+1

Cofound.it portion begins on July 5th, 16:00 GMT+1, ends on July 6th, 16:00 GMT+1

Public portion begins on July 6th, 16:00 GMT+1, ends on August 6th, 16:00 GMT+1, or until the cap is filled.

Santiment token sale, you must go through the following steps:

Go to our website (www.santiment.net) while the token sale is active.

Read through and agree to the terms and conditions. You will be taken to the next page.

This page will have the ETH contribution address. Ensure you send ETH only within your whitelist specified range, or you will be refunded!

Note: whitelist is now closed.

The Community portion is allocated 75% of the token sale, and white listed participants must send ETH between their minimum and maximum range or forfeit their place in the Community portion.

More details below:

Santiment’s Token Sale; Everything You Need to Know in One Place!

When will the tokens be transferable?

Tokens are planned to become transferable in 7 days after the token sale. This number is not guaranteed. If something critical happens during the token sale, it may take a longer time to resolve.

Note DO NOT SEND ETH TO THE ABOVE ADDRESS, it is a whitelist verification contract only, NOT the token sale contract!

What is the potential distribution for the token sale?

If the maximum hard cap is reached, here is the final distribution:

18% goes to the Santiment team to align incentives.

4% to key advisers and strategic partners.

6% goes to reward and partner pool to incentivize network participants.

18% goes to the presale participants.

54% goes to the token sale participants.

If only the minimum cap of 15,000 ETH is reached (and no more), here is the hypothetical distribution:

18% goes to the Santiment team to align incentives.

4% to key advisers and strategic partners.

6% goes to reward and partner pool to incentivize network participants.

36% goes to the presale participants.

36% goes to the token sale participants.

Questions & Answer with Santiment Team (very useful)

Q: What kind of token is SAN?

A: ERC-20

Q:Priyabrata Dash: Any plans for any foundation or its going to remain an llc

A: Kuzzel M: We might change the corporation type and a long term switch to a non-profit is a potential happening. But not until a lot more crypto tech is developed.

Q:Priyabrata Dash: SANbase — is there a fee to access this open database i.e. can people access by using SAN ?

A:Much of it will be free. Not all of it will be

Q:Priyabrata Dash: Who owns the intellectual property of the source code and what is the organizational structure — i guess Santiment LLC is the owner

A: [Mitchell Santiment, santiment] Yes, Santiment LLC owns the IP for the Sentiment source code.

Q:how long is the team committed to the project

A:[Eugene Tartakovsky, santiment] The team is vested for 1 year. Aside from that incentive most of us are traders / crypto heads and we are going to use the product ourselves, so we don’t really consider it a job more like a big goal to reach together :)

Q:In which wallets can SAN be stored and which wallets should be used for crowd sale? — i guess metamask and myetherwallet and they are also the preferable wallets for the ICO

A:[Eugene Tartakovsky, santiment] Any Ethereum-supporting wallet you control your private keys for MEW / Parity / Mist / Jaxx / Metamask / Ledger Nano / etc

Q:How much of SAN is used in the MVP that you have developed till now?

[Mitchell Santiment, santiment] The MVP is still an app, not yet a Dapp. It has not yet integrated the token structure

Q:What key challenges do you see in the adoption and growth of your platform and have you thought of any growth strategies? you can refer to me a relevant blog post

A:[Mitchell Santiment, santiment] The token structure is specifically designed to handle both of those. i’ll grab you a link

SAN Token Utility, and how it will take Santiment to Dominance

Crypto Data Feed Platform Santiment Plans ICO Token Sale with 45,000 ETH Cap — CryptoCoinsNews

Q:[Anup Debnath, santiment] I hope there will be something left for the public crowdsale. You guys are not making it fair by throwing breadcrumbs at those of us who didn’t make it to the whitelist.

A:[Maksim Balashevich, santiment] @nginx — yeah, I feel you. We would love to share and open the gates to everyone. But that would end up in unreasonable amount of funds raised. Too much FOMO in the current market environment. We had to make a choice how to keep the cap as low as possible.

Q:[Juan Beers, santiment] Dear Santiment,your white list pre-sale is really the (only) way it should be. You give the community the chance to step in and at the same time put a barrier for those whales out there.

BIG thumbs up!

A:[wilhelm, santiment] whitelist is finalized and crowdsale begins July 4th.

Q:Priyabrata Dash:Is also is anyone auditing your smart contract … ?

A:We had three reviewers for the smart contract

Q:Priyabrata Dash:Is SAN tokens capped or is there way to generate it… and if so who generates them?

A:[Maksim Balashevich, santiment] SAN tokens are capped. After the crowdsale is over and generation is over — we have our set of SAN tokens

Analysis

Problem

There is lack of verifiable information and usable data makes crypto-traders and investors vulnerable to dramatic information asymmetry and scams. Santiment solves these problems with hard data and market insights.

Value Proposition

With datafeeds on market sentiment and blockchain activity, users will be able to monitor markets in real time. By creating a transparent database of projects, Santiment gives investors a way to identify and avoid scams. When combined with objective datafeeds and expert-curated content, these solutions give subscribers a trading advantage while mitigating risk.

Vision

Santiment will be the financial market data and content platform of choice for cryptocurrency and blockchain space, filling the role that Bloomberg and Thomson Reuters serve in traditional financial markets. Its long term goal is to be the market data infrastructure for cryptocurrency and blockchains.

Platform

Santiment is itself a Datafeed curation DApp platform which leverages SAN ERC 20 tokens on top of Ethereum Blockchain as the key driver for subscribing/staking or using its services.

Key Components

They are creating a set of trading tools within a crypto-bloomberg terminal that’ll make systematized improvement easy, while giving you market data you can’t find anywhere else. These include:

A datafeeds platform focused on CROWD SENTIMENT and BLOCKCHAIN ANALYTICS

Streams of Expert-Curated Content

Aggregated Newswires

An Open Database of Crypto-Projects (the Santiment Database, aka the SANbase)

Key Users

The markets for Santiment services are the following: Wealth and hedge fund managers, new crypto-traders, and data vending channels.

Wealth and hedge fund managers are looking for a diverse set of useful datafeeds, often for quantitative trading.

Newcomers prefer more digestible content that gives them insight into market trends.

Data vending channels like exchanges (eToro, Bittrex, Kraken) and asset management platforms (ICONOMI, Melonport) are looking for ready-to-go data solutions that give them a competitive advantage.

For all these parties, Santiment has a solution to offer. The mainstream market data market size was over $28 billion in 2016, and this market will reach a similar proportion as the crypto-markets grow.

Token Economics

The Santiment Network Token Prototype (SAN) is a coupon issued in Switzerland according to FINMA regulation. By staking SAN, users and exchanges get access to free streams of information and feeds. It is also the sole means of purchasing exclusive datafeeds and content (mostly sentiment-related) available via auctions. Non-exclusive services are available for fiat subscriptions.

The Core Utility of SAN

SAN has 3 main functions on the Santiment network:

Payments for subscriptions & auctions (as a price discovery and value flow mechanism)

Staking (as an on-boarding mechanism)

Rewards for crowd sourcing (as a network rewards mechanism)

SAN acts as payment crowd sources pricing for Santiment services, while reserving and creating value for SAN holders.

SAN acts as staking incentivizes strategic partners to support and enhance Santiment as a datafeeds platform.

SAN acts as a reward for crowd sourcing data and information increases the value of Santiment services, which create more value for the whole network.

The Incetivization Cycle

SANs staked for data/information, onboards users to Santiment →

Users are incentivized to contribute effort/data/info to network →

Utility of service increases, especially for buyers of datafeeds and content →

Increases incentive to stake to get access to service →

And the cycle repeats…

Current State

They spent Q1 and Q2 building our mobile app alpha with the help of our partners at Brave New Coin. This alpha product includes:

Price and history datafeeds, so you can browse the aggregated activity of the market. A trollbox feed from crypto’s veteran exchange, BTC-e, designed to reveal spikes in ticker mentions. A sentiment journaling tool, so you can track your emotional swings alongside price movements.

Roadmap

Santiment aims to have a functioning mobile and web terminal by early 2018, with thousands of datafeeds by 2019.

They are developing:

A mobile app/terminal where traders can access light datafeeds, market insights/content, and the SANbase anytime, anywhere. (Alpha)

A web terminal with an open API for handling low latency datafeeds that require large amounts of bandwidth. Eventually this terminal will include backtesting tools for data analysis and quantitative trading as well.

3rd party integrations with participating partners. We will integrate Santiment directly into several major exchanges and asset management platforms, so that Santiment is made available to as many traders and investors as possible.

Team

Maksim Balashevich — Founder

Dimitry Palchun — Ethereum Developer

Eugene Tartakovsky — Development Lead

Tzanko Matev, PhD — Mathematician

Mitchell Loureiro — Marketing Lead

Kim Carson — Designer & Copywriter

Feng Jiahong — Designer & Illustrator

Igor Matsyushkin — Mobile Apps Developer

Maksim Balashevich, CEO who himself has been a successful Entrepreneur and has a good team of Ethereum/Fullstack/UI/UX developers, Data Scientists and crypto-traders who are helping to develop the Santiment platform and take it to the next level where is it useful to the wider Cryptocurrency ecosystem.

Reference

Conclusion

Personally I will be closely watching how they progress there is lot for me to learn from their blogs, platform and also how Blockcain analytics is performed. Blockchain analytics is the urgent and most important need of the cyrpto currency ecosystem and Santiment platform and projects like these hope to solve. It remains to be seen if Santiment can become the Bloomberg datafeed for cryptocurrencies and become the major player for the market which others vie for but as a start their open platform, governance, transparency and care for investors really makes them as one of the best investment bets in the current uncertain ICO landscape.