OVERVIEW
Social Media Tokens (SMTs) will be issued as ERC20 compatible tokens. Based on the number of
tokens distributed during both sale phases, 10% more tokens will be issued for team and 5%
platform core functionality (6 month of vesting period), and 5% for partners and advisors. This will
form the total amount of SMTs ever issued.
15% of tokens issued for team and platform core functionality will be locked for 6 month, 5%
issued for platform core functionality will be unlocked immediately after vesting period ends, 10%
of tokens issued for the team will be proportionally released during next 12 month. 4% of tokens
will be issued for advisory board. No vesting period set for it.
Contributed funds will be allocated in ETH and USD in equal proportion, order to cover operational
expenses on time.
TOKEN SALE SOFT CAP: 1 600 ETH (5 000 000 SMT)
TOKEN SALE HARD CAP: 16 000 ETH (MAX. 58 000 000 SMT)
TOKEN PRICE AND BONUSES:
TOKEN SALE: PHASE #1
Public sale of Token Sale: Phase #1 was held 7-21 of December 2017. 7 553 358.45 SMTs were
sold during the Phase. Soft Cap successfully reached.
- PRE-SALE DATES: 20 November - 7 December 2017 12:00 GMT (1:00 pm CET)
- START DATE: 7 December 2017 12:00 GMT (1:00 pm CET)
- END DATE: 21 December 2017 12:00 GMT (1:00 pm CET)
- SOFT CAP: Reached during Token Sale: Phase #1
- Token exchange rate: 1 ETH = 3000 SMTs
- Minimum contribution amount: 0,01 ETH / 30 SMTs
- Maximum contribution amount: unlimited
- Contribution methods: ETH, BTC
- Bonuses: Pre-Sale: 30%, Public sale: 10%
TOKEN SALE: PHASE #2
START DATE: 9 February 2018 12:00 PM GMT (1:00 pm CET)
END DATE: 16 March 2018 12:00 PM GMT (1:00 pm CET)
PRE-SALE: 2-9 February 2018 12:00 PM GMT (1:00 pm CET)
Token exchange rate: 1 ETH = 2500 SMTs
Minimum contribution amount: 0,1 ETH / 250 SMTs
Maximum contribution amount: 300 ETH
Contribution methods: ETH, BTC, LTC, XRP, BCH, DASH, DOGE, ETC, NEO, XMR, ZEC
Bonuses:
- Pre-Sale: 20% (min. contribution 25 ETH)
- Public Sale: Days 1-5: 15%, Days 6-20: 10%, Days 21-35: 5%
- Referral Program Bonus: Give 3%, Get 5%
Distribution of tokens to the purchaser’s account located at ico.socialmedia.market (the “Website”)
will be made in accordance with terms and conditions, provided at the Website, by the later
of: (a) within Two (2) weeks upon completion of Tokens sale, or within Two (2) weeks from the
date when Hard Cap is reached (although SocialMedia.Market may extend the delivery deadline
for additional time if necessary to address any unforeseen technical difficulties and provided that
SocialMedia.Market notify the purchaser of the same), or (b) within Two (2) weeks after the
purchaser has provided complete and accurate information required by SocialMedia.Market
(KYC), as defined in clause 7.4 below.
KNOW YOUR CUSTOMER (“KYC”)
At any time within the timeframe of ICO process, or after the ICO is completed, SocialMedia.
Market will send to each purchaser, request to provide information verifying her/his identity. The
purchaser will be required to provide the copy of her/his ID (passport, driving licence or national
ID card), and residence confirmation. SocialMedia.Market reserves the right, at its sole discretion,
to request the purchaser to provide additional information, including, but not limited to, address,
source of funds, or any other information in purchaser’s account (form), such as date of birth,
citizenship, country of residence. Completion of KYC is a substantial and fundamental condition
of token distribution. All purchasers are required to complete KYC procedure to SocialMedia.
Market satisfaction
USE OF FUNDS
The funds raised through the token sale campaign will be allocated for all SocialMedia.Market
platform features available for all ecosystem participants, as well as strong marketing support for
fast growth in the number of the platform users, and simplification of the process of getting used
to the new tools for advertisers and bloggers.
37% RESEARCH & DEVELOPMENT
Fees for this Fund will cover the costs of developing the platform, including all necessary interfaces
and applications of the platform, the development of tools for creating smart contract, the
development of blockchain solutions for the system of dispute settlement, etc. This budget
includes the extension of current R&D center up to 25 employees, as well as additional consultations
with the necessary experts.
38% MARKETING & EDUCATION CAMPAIGNS
We have allocated the budget for attracting both advertisers and bloggers, as well as user retention.
You can find all about the project’s marketing initiatives in the “Marketing strategy” chapter.
12% ADMINISTRATIVE & OPERATIONAL
This budget is allocated to cover the expenses of the back-office, as well as the salaries of all the
employees, excluding the development center.
8% INFLUENCERS & AGENCIES BONUSES
This budget is allocated separately from other marketing expenses for additional motivation
programs for bloggers and advertisers on the platform – SocialMedia.Market Early Birds, SocialMedia Rewards.
5% LEGAL
This budget is allocated to cover the legal expenses for the platform development and its roll out
in ne regions.
BOUNTY AND REFERRAL PROGRAMS
Referral reward to a referral link owner is 5%, based on the number of tokens purchased using
the referral link. Those who bought tokens using a reference link receive an extra 3% bonus.
Total bounty allocated for bounty campaign will be either 0.7% of the total SMT tokens sold or
560k SMT tokens, whichever is lower.
More details: https://bitcointalk.org/index.php?topic=2321059.0.
For all the questions or inquiries write us on
official website
FOR MORE INFORMATION
BITCOINTALK: https://bitcointalk.org/index.php?topic=2291309.0
TWITTER: https://twitter.com/SocialMedia_io
INSTAGRAM: https://instagram.com/socialmedia.io
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