The Saturn Black team received a lot of questions on the minimum and maximum amounts of raising funds at Token Sale. It’s time to clarify this issue. We answering now.
The minimum amount required to launch Saturn Black platform is $ 1,000,000. This is the money that will be spent on product refinement, legal support and maintenance of staff. For current date, the project has collected less than this amount, but this does not prevent us from working. We started to implement the platform with our own funds and are ready to submit the first demo version of the atomic exchange on December 12, which we wrote earlier.
We are negotiating with several private investors and funds on investing in the Saturn Black platform. It is planned to collect the Soft Cap on the Pre-sale stage, but maybe we will do it earlier. Receiving investments has a serious legal basis and at the moment we are completing the preparation of documents.
As soon as Saturn Black reaches the Soft Cap amount, we will report it.
Hard Cap
Based on the model of issue and distribution of XSAT tokens, you can easily calculate the Hard Cap. It is equal to 93,750,000 $. These are 750,000,000 XSATs offered for purchase, multiplied by the maximum price of the token at the Token Sale Public stage of $ 0.125 for 1 XSAT.
Token Sale or ICO?
We issued XSAT tokens and distribute them in exchange for payment immediately after receiving the payment and checking transaction. The number of tokens will remain fixed and equal to 1,000,000,000 XSAT. The distribution model of tokens for the Bounty Campaign, Sales, Team and Development will remain unchanged. There will be no additional issue of XSAT. In the case of partial non-distribution of tokens at the Token Sale stages, we will leave the possibility of purchasing tokens within Saturn Black services, in exchange for all the assets, the list of which we will get by the end of Token Sale.
The Saturn Black team will maintain communication with the community at all stages of the implementation of services. For example, we are now conducting a “Big Crypto Voting” to identify demanded crypto assets for adding them to the trading list of the platform.
Usually if ICO does not collect a sum of money that exceeds the declared minimum (Soft Cap), then the project does not even begin to be implemented. Our team started working with the project before the sale of XSAT tokens. Therefore, the sale of tokens is already part of the implementation of the project idea.
Summarizing, we get the Token Sale model of the Saturn Black platform. Saturn Black is not an ICO. Saturn Black is Token Sale.
Our ultimate purpose, as it always has been, is to increase the liquidity of low-liquid markets and our team will rely on this idea in making decisions regarding XSAT tokens and the platform future. In our work, we rely on the idea of decentralizing Bitcoin as true value.
Road map
Development
Escrow in December 2018
Saturn – a secure transactions between owners of crypto assets, with the guarantee of a third party – a direct exchange protocol.
OTC crosschain trading in December 2018
Selling and buying large amounts of crypto assets is not a problem anymore. Secure over-the-counter transactions via the atomic exchange protocol are relevant for high-amount holders of crypto assets, early investors and members of blockchain start-up teams.
OTC auction in 3Q 2019
Buying and selling large amounts of crypto assets at the best price offered. Security of transactions, setting of conditions for the order fulfillment and low commissions will make finding the seller or buyer more accessible and safer.
Exchange of atomic transactions in 4Q 2019
Saturn launches P2P trading based on the Swap protocol. Saturn – additional liquidity for crypto assets, secure cross-chain exchange and a convenient interface in your browser. API trading terminal.
Transactions with EURO and USD in 1-3Q 2020
Saturn is working on infrastructure for the exchange of fiat currencies in all directions: over-the-counter cross-chain trade, over-the-counter auction, atomic exchange.
Q3 2020
Global provider of liquidity for crypto markets
Saturn Platform Team
Dmitriy Zykov
Co-founder / CEO
Expert of the Saturn Black Team on liquidity Market.
Trader on crypto markets and Market Maker. Trade automation and market strategy.
Idea of the project Saturn Black.
“A few years ago, I put everything on cryptocurrencies and today I’m talking about the real importance Bitcoin as a standard of value. During trading of crypto assets, I saw the problem of liquidity of most crypto markets.
Saturn is our team vision for solving this problem.
Vadim Machnev
Co-founder / CVO
A crypto enthusiast with investment and cryptocurrency trading experience since 2014.
Before, he was in an investment activity in small startups.
And now he is in the developing of the Saturn Black project, ensuring its legitimacy.
Vladimir Nikulshin
Co-founder / CTO
Front End Developer & Software integration.
Web developer over 15 years.
Systematization of the company’s work and the logic of big data accounting.
Anton Kopytov
Sales Director
Sales Director of Saturn Black team in the Russian market. Investor in the broad sense of this word. To the crypto market, he came in the summer of 2017 in a period of uncertainty as it is now.
“As a former athlete and coach, I went through different periods in my career, therefore the period of formation and recognition of the cryptocurrency industry is close and similar for me.”
Vadim Machnev
Co-founder / CVO
A crypto enthusiast with investment and cryptocurrency trading experience since 2014.
Before, he was in an investment activity in small startups.
And now he is in the developing of the Saturn Black project, ensuring its legitimacy.
Vladimir Nikulshin
Co-founder / CTO
Front End Developer & Software integration.
Web developer over 15 years.
Systematization of the company’s work and the logic of big data accounting.
Anton Kopytov
Sales Director
Sales Director of Saturn Black team in the Russian market. Investor in the broad sense of this word. To the crypto market, he came in the summer of 2017 in a period of uncertainty as it is now.
“As a former athlete and coach, I went through different periods in my career, therefore the period of formation and recognition of the cryptocurrency industry is close and similar for me.”
Supported by Partners
Bancibo – Payment System
FOR FURTHER VIEW THE LINK INFO BELOW:
- https://saturn.black/
- https://bitcointalk.org/index.php?topic=5075635.0
- https://saturn.black/wp-content/uploads/2018/11/saturn-white-paper-eng-1.0.1.pdf
- https://saturn.black/wp-content/uploads/2018/11/saturn-white-paper-rus-1.7.pdf
- https://saturn.black/wp-content/uploads/2018/11/Saturn-One-Page-1.6.2.pdf
- https://twitter.com/saturn_twitt
- https://web.telegram.org/#/im?p=@saturn_ENGchat
- https://saturn.black/blog/
- https://www.facebook.com/Saturn-Black-200220127527617
- https://medium.com/saturn-black
- https://www.instagram.com/saturn_xsat/
- https://www.reddit.com/user/Zykov_D/comments/a370st/saturn_black_liquidity_provider_for_crypto/
AUTHOR:
BITCOINTALK ID Name: DEWI08
WALLET ADDRESS (ETH): 0x53D1Ea8619E638e286f914987D107d570fDD686B
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