When Santiment SAN hit its goal of raising 12,000 ETH (or about $135,000) seconds after launching its pre-sale, many of those who didn’t this company couldn’t believe it. It went on to raise 32,000 ETH through preliminary community sale, a record sale. It later ended spells of a successful, 2-stage token crowd-sale on July 5th, 2017 having raised a whopping $12,215,250 worth of ETH.
Today, thanks to Santiment SAN, it is breezy to tell the how emotions of the crowd signal a rise or drop in the value of any particular crypto-asset. It is an invaluable tool for investors, helping them to systematically improve their business acumen as it has a massive dataset that benefits those who form its network.
Who Is Santiment SAN?
Crypto-markets of today are notoriously fickle, often behaving in bizarre ways. But as this platform strives to and indeed manages it, it is possible to use the volatilities to create a “sentiment wave” upon which savvy investors make a kill!
Santiment is a Swiss-based, global crypto-market intelligence platform and trading terminal for crypto and blockchain assets. It is that mobile interface designed to teach crypto enthusiasts the right ways of reading crypto-crowd emotion and trading based on them. It does this by merging cutting-edge cryptography, reputation systems, and machine learning as well as real-time relaying of market data for the betterment of those within its ecosystem.
Santiment is the brainchild of Maksim Balashevich, its current CEO who attributes its existence to what crypto investors have always lacked. He’s also credited as the brain behind the initiative that brought Santiment and 15 other firms that gave birth to Project Transparency at the Vienna ICO-Summit.
Through the campaign that encourages disclosure of wallets and a voluntary explanation of all expenditures higher than 0.5% of the funds amassed through an ICO, the project helps the public.
What Makes The Santiment SAN Unique and Lucrative?
Its uniqueness further extends down to solving significant challenges all traders can relate to the provision of quality, verifiable market information on cryptos and blockchain assets. Basically:
- Crowd emotions form the basis of everything.
- It converts rampant illiquidity and massive volatility, and information asymmetry to benefit the few within its ecosystem.
- It is a step from the common platforms as it strives to remain reliable.
- Laden with little and valuable information that holds the key to incredible profits.
- Streams Crypto-content, news, and predictions made by reputable experts.
The mere act of providing cryptocurrency-related data feeds, exclusive and trustworthy content streams and a database updated promptly makes it a valuable asset for career investors. It is the difference between profit-making crypto investors and the others as it has tons of information needed for maximum profits and reduced risks. Incredibly, Santiment is the first of its kind and hasn’t disappointed its investors.
Santiment SAN ICO Summary
Built on Ethereum by a clique of world-class brains, its fame buoyed by the fast-selling token upon opening says a lot about its reputation. The level playing field it creates for all-thing crypto data makes it a hub where the best of crypto brains meet. Through Santiment, traders get to leverage a batch of trading tools, learn the best market trading hacks, practice new strategies and earn a profit from all accurate rewards.
Its successful ICO had a hard cap of 45,000 ETH and a soft cap of 15,000 ETH. All tokens were ERC20 compliant, offered no bonus and 1 Eth was worth 1,000 SAN (the Conversion rate). SAN (Token ticker) is the exclusive means of accessing auctions that provide access to private streams of data feeds and information.
Upon the end of the ICO, crowdsale funds were distributed rationally. 50% for the development of data feeds, 15% wen to data feeds acquisition, 15% went to the marketing sector, 10% were dedicated to all operating expenses and the last 10% split into two halves for legal costs and the other half for the reserve fund. The fact that everything ended successfully means the amount of trust Santiment is showered with is unbelievable.