Santiment, a data feed platform that provides information about crypto-markets, recently closed its two-stage token crowdsale, raising a total of $12,215,250 worth of ETH. Santiment also raised 32,000 ETH in a preliminary community sale, followed by a pre-sale facilitated by Cofound.it’s Priority Pass community that raised 13,000 ETH in less than 60 seconds.
“Now that the offering is complete, we can accelerate our mission to give crypto critical information packaged in an ideal interface so that traders can make optimal data-driven decisions in rapidly-surging markets,” said Santiment founder Maksim Balashevich. “We are immensely grateful for the support of our community. Their support makes our quest to deliver data and analytics to the crypto-markets possible.”
Santiment has become the first project to partner with Cofound.it, a platform that incubates startups planning crowdsales.
Crowdsale Cap Reached
The crowdsale began with a community sale on July 4, 2017 for its most engaged supporters, followed by a sale via Cofound.it’s Priority Pass community on July 5 that reached the overall cap. Because the crowdsales reached the overall cap, Santiment will not hold its public crowdsale which was planned for July 6.
“The highly successful sale will help to establish Santiment as the leading data feeds platform for the crypto community and mature the rapidly growing crypto-market,” said Cofound.it CEO and co-founder Jan Isakovic. “Cofound.it is delighted to have partnered with Santiment in their crowdsale process, and cemented Cofound.it Priority Pass as a best practice for crowdsales in 2017.”
Santiment gives investors a way to identify and avoid suspicious crowdsale projects. Using objective data feeds, Santiment provides investors an open database of projects, giving them trading advantages and minimizing their investment risk.
Santiment will focus on assisting three consumer bases: wealth and hedge fund managers, data vending channels and novice crypto traders. Wealth and hedge fund managers will leverage the platform to obtain a variety of data feeds for quantitative trading.
Data vending channels, including exchanges like Bittrex, Bitfinex and eToro, as well as asset management platforms like Melonport and ICONOMI, will benefit from real-time data solutions to help them with trading.
Novice traders can use Santiment to obtain easily understandable market insights and trends.
Proceeds To Be Distributed
The funds will be distributed as follows: 50% to develop data feeds, 15% for service acquisitions and data feeds, 15% for business development and marketing, 10% for operations, 5% for legal expenses, and 5% for a reserve fund.
The SAN token provides exchanges and users access to feeds. SAN is the only means for accessing auctions of exclusive content related to the token sale, market research, team analysis, project due diligence and country-specific regulations.
Non-exclusive services will be available via subscriptions payable in fiat currency.
Santiment has already developed a working app to provide historical price charts, a journaling game and trollbox sentiment feed, Balashevich said.
“Moreover, the crowdsale places Santiment in prime position to establish itself as the financial market data and content platform of choice for the cryptocurrency and blockchain space, comparable to the position that Bloomberg and Thomson Reuters hold in traditional financial markets,” he said.
wow, ICO seems to be real easy way to raise money nowadays, what's your thought on santiment?
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hi cheetah,
thanks, yea just want to know any steem it user got into this and what makes them into this.
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STOPI just purchased a small amount of Santiment on Bitfinex (I decided to skip the ICO and wait for it to come out on the exchange). When I was initially looking into potential ICO's to take part in, Santiment stood out to me on the list I was scanning through.
I think it has potential, but so many things are coming out right now, it's hard to know what's gonna take off and stand the test of time and what's going to simply disappear.
It sounds interesting what Santiment is doing though and I think it's something traders could be interested in. If it actually works and helps people make money, I believe it will be very big. I wouldn't risk a lot of money on it though, but I'm comfortable putting a small amount in.
Hi, santiment really feels right to me though, i havent been following it but i do hope that it will give you a good return. I am currently in Monkey Capital, ICO will start on 8th but Monkey capital airdropped 100,000 COE token - you can find it at coinmarketcap, it has grown from 0 to $1,400 in a matter of weeks..although it has dropped quite a bit but it just shows the potential of it i guess..
I just want to caution you about Monkey Capital as I've heard some warnings about it. A few people have raised some red flags with it. If you want to hear about some of the read flags, here's a link to a video (it's really long but great) that discusses a few alt coins, including Monkey Capital:
Good post. Good to see I'm not the only one that is thinking about this. I've been asking myself. How many people really do a proper background check before seriously investing in an ICO? I found this great website: https://www.coincheckup.com This site gives a complete analysis and investment stats on every single tradable crypto out there.