[ANN] [SEND SDT] The consensus price token designed for everyday use

[16009]

What share of the total number of tokens is put on sale?     

According to one-pager – 33%, but some of them have already been sold out.

[1713247820]

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[Send Protocol]

Good afternoon. How long will pre-sale last approximately.   

About one month, if the tokens aren’t sold out earlier.

Hi @dreadtrader - we'll keep the pre-sale open for up to one month, but the round is limited to 2,000 positions and a 26.6M SDT cap, so it may sell out sooner.

[Send Protocol]

What share of the total number of tokens is put on sale?     

According to one-pager – 33%, but some of them have already been sold out.

@kocheg, the quote above is correct. 33% of total supply or 231,000,000 SDT are available for sale. A detailed overview of token economics is available here: https://www.sendprotocol.com/documents/economics.pdf. Cheers!

[dele4]

a great and promising project. a personal pre-sale round also got a satisfactory result. the information presented is clear and complete which will make investors more confident with this project. hopefully will continue to run as expected and can achieve the desired target.

[TonyRaut]

but for me, for example, there is little information about what will blow away further actions after the sale of tokens. the team talks well about the project, its essence, but little about the future plans

[Send Protocol]

Good afternoon. How are you going to protect the rate from considerable fluctuations? It seems to me that it’s impossible.    

Don’t worry,  Consensus Network was made to solve this issue.

I heard about it, but i still can’t figure out how this mechanism works.

Well. if we don’t pay much attention to the technical details, it’s task is to make external factors to have minimum possible impact on Send token volatility.  

Do you think that a young cryptocurrency will experience speculative influence? A lot of them appear nowadays.    

The same happened to BTC, and now speculators influence the rate more than the ones who’ll use the coin in the internal ecosystem. I’m glad that the team has worked it out in advance.

Adequate network liquidity will protect from sharp SDT price fluctuations. Although speculation drives most crypto price formation, the primary factor impacting SDT price is real use, measured in terms of turnover rate within the Consensus Network.

As long as there is sufficient liquidity in the network, a price equal to or higher than the reference price will be accepted for use within the network. Outside of the network, SDT price will move freely, generating arbitrage opportunities and a regulating effect on overall price.

The Consensus Network and the transparency policies we have adopted should be sufficient support to isolate the token from the volatility of other cryptocurrencies, including Bitcoin.

[Send Protocol]

a great and promising project. a personal pre-sale round also got a satisfactory result. the information presented is clear and complete which will make investors more confident with this project. hopefully will continue to run as expected and can achieve the desired target.

Thanks for your support! We were pleased to close a successful private round with contributions both from crypto funds and actors in the traditional financial sector. Now, before opening our public pre-sale, we are turning our focus to a strong WeSend launch in Venezuela, where we aim to grow transaction volume quickly to validate our hypotheses about adoption and token price formation. From there, we will launch our pre-sale and begin WeSend expansion efforts to new markets. See: https://medium.com/sendprotocol/how-is-sdt-able-to-expand-in-value-while-other-crypto-prices-fall-f7a62e90b1a2.

[Send Protocol]

but for me, for example, there is little information about what will blow away further actions after the sale of tokens. the team talks well about the project, its essence, but little about the future plans

This is a very valid point. Given that token success hinges on adoption, we are aware that the community will expect a more detailed market expansion roadmap in addition to the token distribution and tech dev plans, which are already published: https://www.sendprotocol.com/.

Our internal projections and hypotheses are currently being tested in the Venezuelan market, where we launched WeSend last month. In the coming weeks, we will improve the accuracy of these projections based on real data from our initial rollout in Venezuela before sharing a detailed business development roadmap with the community.

Our mission in launching WeSend followed shortly after by a one-year token distribution is to allow the community to see token price formation and the Consensus Network develop with real use. It's important to us to not simply sell expectation. More info here: https://medium.com/sendprotocol/how-is-sdt-able-to-expand-in-value-while-other-crypto-prices-fall-f7a62e90b1a2 and business dev details to come.

[waitsummer]

Can i get a reward for translation of your WP or other documents? Most platforms provide such a reward.   

[Send Protocol]

Can i get a reward for translation of your WP or other documents? Most platforms provide such a reward.   

Hi @waitsummer - thanks for your interest. We recently closed our content bounty. If there are additional translation tasks in the future, we will update this thread and announce in our Telegram group: https://t.me/sendsdt

[conklinliane]

Hey. Do you have  a bounty campaign? Or maybe at least a token raffle? I experience some financial problems at the moment.

[John Nathan]

Hello. My question is what will happen with unsold coins?

[gtwgvtw]

Your team is planning to control the token rate. How will it be combined with listing on the exchanges?     

[Send Protocol]

Hey. Do you have  a bounty campaign? Or maybe at least a token raffle? I experience some financial problems at the moment.

Hi there - our bounty campaign has concluded. We may run additional campaigns in the future. For now, we invite you to join us on Telegram where we have an ongoing airdrop to claim tokens: https://t.me/sendsdt.

[Send Protocol]

Hello. My question is what will happen with unsold coins?

Hello John, unsold tokens will be burned daily during our one-year distribution after bonuses are distributed based on the % tokens sold that day. Invite you to review a detailed overview of Token Economics here: https://www.sendprotocol.com/#Why_Send

[Send Protocol]

Your team is planning to control the token rate. How will it be combined with listing on the exchanges?     

Important to clarify that our team will not control the token rate. The liquidity formula will define the Consensus Price. For now, the focus is on offering liquidity for the SDT token within WeSend.co.

[RinrtA07]

Hello. Where can i find a formula according to which the  Consensus Price will be determined? I didn’t find it in One-Pager.

[Send Protocol]

Hello. Where can i find a formula according to which the  Consensus Price will be determined? I didn’t find it in One-Pager.

Hello! The formula is available on our website https://www.sendprotocol.com/#Why_Send and in our Whitepaper: https://www.sendprotocol.com/documents/whitepaper.pdf.

[liangpodol]

Finally the best alternative is here. With SEND Protocol we can all send, store, pay and exchange value with no risks associated with the famous crypto volatility.

[mahimaa]

Good evening. I heard that Send was going to implement its own escrow system. Is that true?