SaharaChain is a Dubai-based developer currently going through its ICO. Get all of the information you need to decide on this investment today in our ICO review.
What is SaharaChain?
SaharaChain is an AI-driven cryptocurrency exchange and payment gateway. The company plans to release a blockchain platform that will introduce cryptocurrencies to the Middle East and North Africa.
The government of Dubai has announced that they plan to conduct all business on government entities using blockchain technology. By 2020, they plan to be one of the first cities in the world to fully embrace blockchain technology.
With that in mind, SaharaChain wants to unveil a series of blockchain products to help the region learn how blockchains and cryptocurrencies operate. Those products include an exchange, a wallet, a payment gateway, and more.
The SaharaChain ICO is ongoing throughout September, October, November, and December.
SaharaChain, in the words of the official website, “is making the building blocks to enable the Arab world and the surrounding region for the blockchain.” Those building blocks consist of the following:
SaharaEx: A cryptocurrency exchange where cryptocurrencies can be exchanged with one another.
SaharaGate: A cryptocurrency payment gateway that allows corporate and individual sellers to trade their products and services against cryptocurrencies.
SaharaWallets: Multi-currency wallets that allow users to easily control and transfer their cryptocurrency funds. SaharaChain will offer three wallets, including a Savings Wallet (a cold wallet where you can store tokens for an extended period of time), a Daily Wallet (used for daily spending), and an ICO Wallet (which enables all customers to participate in ICOs over the platform).
SaharaAnalytics: An intelligent, data-driven analytics engine designed using machine learning techniques with the goal of providing real-time, comprehensive insights of the dynamics and trends of cryptocurrencies across several exchanges.
The products are multi-lingual. They plan to support English, Arabic, and other regional languages.
The SaharaChain Token Sale
There’s a fixed total supply of 2 billion (2,000,000,000) SAND tokens. 1% of those tokens (20 million) will be issued in the pre-ICO. 33% (660 million) will be issued during the ICO.
SAND tokens are built on the Ethereum ERC20 standard. 1 ETH = 10,000 SAND. You cannot acquire more than 4 million SAND tokens during the pre-ICO and ICO. The sale has a soft cap of 1,500 ETH and a hard cap of 66,000 ETH.
The pre-ICO, which takes place from September 23 to October 7, 2017, comes with a 25% discount.
The main ICO begins on October 20 and lasts until December 29, with discounts of 15% available during the first 2 weeks of the sale.
SaharaChain is being generous with its bounties. The company is giving away hundreds of SAND tokens for basic social media tasks. Liking their Facebook page, for example, is worth 100 SANDs, while leaving a comment is worth 200 SANDs. Similar bounties are available for LinkedIn and other social media.
The SaharaChain ICO is ongoing throughout September, October, and December. You can learn more about the project today at SaharaChain.com.