Snov.io has announced the launch of Token Sale on September 19th, 2017 as a platform for lead generation and sourcing powered by blockchain technology, so contributors, customers and the platform itself don’t have to worry about the security and reliability of transactions or fair and transparent distribution of revenue.
The problem of lead generation is very important and being discussed a lot recently. We are going to build a decentralized network composed of thousands of data suppliers (contributors) who will add new data and update already existing information inside the system.
What is Token sale?
Token Sale is а type of crowdfunding model in which a company (Snov.io) offers tokens which give users access to its services. In Snov.io’s example, each token provides its owner with access to a certain, proportional part of the database as well as its tools, such as an email verifier and soon it will include an email sender.
The Token Sale will start on September 19 at 14:00 GMT+3 and will run either for 30 days or till we raise the maximum goal. On the first day of token Sale, all token buyers will receive a 15% bonus to the tokens they purchase. First-week buyers will receive a bonus of 5% tokens to their purchase.
The Token Sale will be considered successful if we collect at least $5 million. In the worst-case scenario, we will return all raised funds to their respective buyers. The maximum sum is $15 million. In this case, 60% of tokens meant for the crowd-sale will be distributed.
If you’d like to participate in Token sale
Everyone can participate in the Token Sale except for citizens of Singapore, the USA, and their respective territories.
If you want to buy SNOV tokens but don’t want to participate in Token Sale, you can earn tokens by adding new data to the system (this is a type of mining for SNOV tokens) or buy them from cryptocurrency exchanges. We plan to introduce SNOV tokens to such exchanges as soon as possible.
The minimum purchase allowed is $1, there is no maximum. We will accept Bitcoins and Ethereum.
How does it work?
Snov.io has a profit-driven business model. Every data supplier is encouraged to search for and add high-valued data as all their contributions will be rewarded. Every piece of data purchased by the customer brings contributor tokens. So the more valuable and demanded the data, the higher is the chance that it will be bought by the final user. Also, you will get credits you can spend in Snov.io for data you supply.
Why tokens and what is the value?
SNOV tokens will be used to motivate data contributors to add data to the system, as well as a method to purchase data.
There will always be 2,5 bln tokens issued. As the database grows, we will probably need to buy our own tokens from the exchanges at the current market price to further pay our rewards to our contributors for their continuous work. This will increase tokens’ value.