As we approach our token generation event (TGE) in about 24 hours, we are proud to share the latest token economics of $SNS. Because we care deeply about transparency, we decided to share quite a bit of information so that Synesians could appreciate all the long-term thinking we’ve done to protect our (your) token price and induce a greater amount of liquidity over time through superior execution.
Here are the overall snapshots:
Here is the overall presale round information:
The key points you should pay attention to are as follows:
- Our public sale of $0.5M is considerably small compared to our presale of $9M+. This is to reflect our core belief that TGE is not an exit event for the team but its official entry into and the activation of a token-powered ecosystem of AI data yield farmers. This is where we begin our real work- not to fill our bags and initiate a long vacation for the next crypto winter.
- Our circulating supply based initial market cap is only $0.65M while our fully diluted market cap is $50M, a difference of 77X. That simply means, $SNS token buyers participating in our IEO and IDO are getting a bargain. We are able to achieve this because aggressive vesting schedules and token release restrictions have been applied to the team and the investors. Simply put, the $SNS circulating supply pipeline is intentionally ‘choked’ right after TGE to minimize dumping.
Below are the overall distribution of the tokens and vesting schedule.
As you can see, most of the allocations have been placed on a vesting schedule. The team won’t be able to liquidate a single token for the first 9 months. All investors are on at least a 12-month vesting schedule and are incentivized to support the project for the long haul.