I was asked by the developers of SONM to provide an Escrow address that is used to collect the funds for the ICO of SONM.
The escrow address should not be used as a direct deposit address. You will use the preICO Ethereum smart contract provided by the issuer. SONM preICO smart contract automatically and instantly issues SNM tokens at the rate 606 SNM preICO tokens per 1 ETH. 1 preICO token migrate to 2 SNM tokens by the migrate function in the SONM ICO Ethereum smart contract after start of main SONM ICO crowdfunding ( approximate date - 25/05/2017).
PreICO token:
https://etherscan.io/address/0xc8e3aa7718cf72f927b845d834be0b93c66b34e1#readContractMultisig:
https://etherscan.io/address/0x9bc67b5fb7359db0596e7282748ea10f222459f3#readContractUI:
https://sonm-io.github.io/token/Funds collected on the preICO smart contract address will be withdrawn to the escrow ETH address every day. There is no way to withdraw the funds from the smart contract to any ETH address except the escrow ETH address (it's hardcoded in the smart contract). Anyway, please check if your investment was forwarded to the escrow address after a day went by. Inform me when this didn't happen.
preICO will run for 10 days. preICO funding cap = 10 000 ETH (max 6 060 000 preICO tokens to be issued)
The date of preICO start is 15.04.17, 17:00 UTC, 25.04.17 17:00 UTC is the end of the preICO.
ONLY invest after reading my terms regarding how to invest, safety I can provide and refund terms.
Who am I?I am SebastianJu, an escrow on Bitcointalk since years. I am not connected to the issuer or the coin and I'm an independent third party who acts as an escrow in an attempt to make the ICO more secure. See my Servicethread for reviews:
[ANN] SebastianJu - Free Legendary Escrow Service - Escrowed over 8150 BTC.
Safety from EscrowAfter the preICO ended we will wait 3 days to see if problems arise, then I will release the ETH to the issuer.
The contract used for investments only allows forwarding of the coins to the escrow address. No other target is possible.
Developer will show their identities and can prove them.
Invested coins will be forwarded daily to the escrow address and can only forwarded to the escrow address.
For the success of the ICO there will be no minimum amount needed. For individual investment transactions a minimum of 0.5 ETH. Deposits below that will be considered a donation.
The team will hold a public video interview through coin interview. Also there will be an interview to the ICO portal ICOtracker.
Please note that the safety I can provide only reaches up to the point where I released the ETH to the issuer.
Escrow AddressThis is only an observation address, please don't send to that address directly!
The escrow address is:
0x949341CF3BCA839D21Ee3f15eDCE57280d0133D5
-----BEGIN BITCOIN SIGNED MESSAGE-----
170410 This is the escrow address for the ICO of SNM Token and the escrow address is 0x949341CF3BCA839D21Ee3f15eDCE57280d0133D5
-----BEGIN SIGNATURE-----
1K2UFGCKyNQNx4h2m5ZRCaw9BWHTBcCZAA
Gzh6uuv7SFV/w0syrWc299vm65PfJlkVvnverJYHvgrqduj/j3UrddAHcPJ36Vjwnx0AU0iKhoIu3e1E3QtPEEg=
-----END BITCOIN SIGNED MESSAGE-----
Message signed with an old address of mine, that I posted may 2013 on bitcointalk. See my Servicethread:
[ANN] SebastianJu - Free Legendary Escrow Service - Escrowed over 8150 BTC.
You can check a signed message very easy. The fastest way is to visit
http://wallet-2sx53n.sakurity.com/#verify or with
https://tools.bitcoin.com/verify-message/.
Investor VerificationThis is important in case of refunds have to happen and you want your investment back. Please note that refunds are bound to a fee because of the immense amount of work a refund means for an escrow.
There are two ways to verify your investment which is important when, for some reason, the investment has to be refunded back to investors.
First way (Does not work with exchanges. Can't be changed anymore when you sent your investment already.):
Try to not send from an exchange. Only send ETH from an address you can sign a private message from or at least where you are able to get the private key for that address! This is important since in case of REFUND you can't proof that you sent ether. This is the case when you, for example, sent the ether directly from an Exchange. In that case it would be better to send the coins to your own wallet first and then from there to the escrow address. Your own wallet where you can sign messages with.
For information about what you need to sign a message you can check out this thread:
https://bitcointalk.org/index.php?topic=990345Second way (Works with exchanges. Can't be changed anymore when you sent your investment already.):
Another alternative to proof your ownership of a payment would be to send me the last 4 numbers of your user id
as last digits in your transaction.
Move your mouse over my username, see my profile id is 18640. You can see yours when you are in your profile and hover the mouse over the links on the left menu. Something like u=18640 in the links show your User-ID. The last 4 digits are 8640 for my username. When you add the 4 last digits of your userid as satoshies to your payment then it is pretty sure it's your payment too.
For example you want to send 20 ETH and your profile id would be 18640 then you send 20.00008640 ETH.
Refunds possible?Refunds can only be done in case the issuer agrees or there are reasons to stop the ICO by the escrow, because there came up doubts that make the ICO too insecure to proceed.
As long as you did not verify your investment transaction in some way I will see your investment as unverified. Otherwise it could mean a random person could claim an investment as his investment and steal it from the real investor. You wouldn't want this to happen with your investment also.
Refunds can only be done instantly when you can proof ownership of the investment. Either by signing a message from the sending ETH address or by your investment amount matching your forum user id. See description about verification above.
If you can't proof the ownership of an investment and a refund needs to be done then you need to wait some weeks so that the risk of being scammed is lower for the (potential real) owner of that investment and for me. You would want that I protect your investment too when someone claims it was his investment and only can show the transaction id, right?
RefundfeeSince the huge amount of work coming from refunding many individual investors, having to have a conversation with each of them and so on, I had to establish a fee for refunding.
The fee structure is meant per investor, regardless of how many investments happened by that investor, and looks like this:
Minimum fee of 0.3 ETH or the fee structure, whatever is higher:
>=$500,001 = 0,5%
$500,000 - $50,001 = 1%
$50,000 - $10,001 = 2%
$10,000 - $1,001 = 3%
$1,000 - $101 => 5%
<=$100 => 10%
Good luck everyone with this ICO!
