SATIN
INTRODUCTION
A truly decentralized model will have various benefits that will be enjoyed as opposed to running a centralized system. What notable differences can be found between a centralized and a decentralized model of operation? A centralized exchange is a third party exchange that acts as a facilitator for transactions carried out between two parties on its platform. It actually improves convenience of trading because all activities are properly managed and controlled thus loss of funds during a transaction are minimal. Before a trade is initiated, the funds are held in an account before execution. A decentralized exchange on the other hand does not have a designated authority in charge. There is no single account that holds funds before market orders are executed. Rather, the platform itself acts as a mediator for matching orders directly on a peer-to-peer basis. Transactions are not kept in charge of a third party server and escrow costs and charges are eliminated.
SATIN team is pleased to announce that we will organize a whitelist for the pre-sale taking place in February.
Join our Telegram in order to find out more.
WHAT IS SATIN?
Satin is a utility cryptocurrency token built on BEP-20 token standard on Binance Smart Chain which aims to provide decentralized means of payment for Real Estate assets, Fintech solutions and also other tangible and non tangible assets or services thereof.
WHAT MAKES SATIN DIFFERENT?
Unlike other cryptocurrencies startups which typically hold 30%+ for their founders, SATIN’s founders will only hold a fixed 9% of the tokens to recover their initial investment, while 15% of the tokens will be in a reserved wallet destined exclusively for burning a yearly amount to compensate inflation which will lead to the token’s value to increase and automatically increasing it’s holders value.
Secondly, SATIN is also designed to represent a payment method for acquiring real estate assets, a unique feature not shared among other other cryptocurrencies.
PROTECTING INVESTORS’ INTERESTS
SATIN has been designed to stand out in the cryptocurrency world through intricate Tokenomics and tools for price stability and its holders safety. The built-in features of SATIN aim to generate long term price stability. While it aims to be stable on the long run, its utility and portability will be unmatched.
Among various tools meant to protect SATIN token holders, please observe:
Between 1% and 4% of the total supply will be burned from the special burn account in order to counter the inflation phenomenon
Exchange SATIN for BNB at launch and many more to follow, such as USDT, BTC, ETH, etc.
SATIN will be listed on as many top-rated exchanges, in order to give its holders unprecedented freedom.
A GLIMPSE OF THE FUTURE
The ultimate goal for SATIN is to be a global cryptocurrency for acquiring real estate and other tangible and intangible goods.Our vision spreads far beyond the classic “buy and hold” pattern which has been formed over the years. While its holders are free to store their tokens for as much as they like, we also believe that cryptocurrency does its job best when it’s moved around.Our future plans include public notaries gaining trust in SATIN and establishing wallets in order to facilitate sale purchase agreements.
WHAT STAGE ARE WE AT?
January, 2021Platform Idea
The origin of SATIN platform idea. Development of the concept and business plan.
February — April, 2021Attracting investment, fundraising and IT specialists
Gathering investment sources, fundraising and initial development with IT specialists — drafting the SATIN wireframe
May — June, 2021Legal compliance research
Review of various jurisdiction compliance. Selecting eligible countries for SATIN token deployment. (for further details, please read Terms and Conditions)
July — August, 2021Consolidating Advisors Team
Attraction of advisors. Development of the SATIN platform mock-up. Technical audit. Development of the cyber protection mechanics. Development of a pilot application SATIN for the future platform.
August — November, 2021Trade Enquiries
Development of a SATIN token, tokenomics calculus, total supply, smart contract and selecting appropriate blockchain fork to build the token on
November 2021 — January 2022Preparation for ICO — a.k.a Initial Coin Offering or Pre-sale
Preparation for ICO. Development of a smart contract for SATIN token release. Pre ICO conducting. Continue the development of the platform. Financial ecosystem formation.
February — March 2022ICO duration
ICO conducting between 1st of February and 1st of March. Satin tokens listing on crypto-currency exchanges. Continuing the marketing campaign to attract end-users.
March, 2022Integration with Binance Smart Chain
The platform integration with Binance Smart contracts blockchain. Start of SATIN wallet and tournament functionality development.
April-May, 2022SATIN official deploy
Official SATIN token release and deploy on high profile exchanges — date to be announced
June, 2022Development of SATIN brand and signing partnerships
Further development of the ecosystem (Goals: 30+ partners, 150,000 active users).
July — September, 2022SATIN further growth
Developing an Application Programming Interface (API) in order to integrate SATIN with international payment providers.
November, 2022Retrospective and preparing upcoming steps
1 year retrospective analysis since development and consulting the community regarding upcoming steps. A vote system will be implemented whereas the token holders can vote in a democratic poll-type system what will be the adequate steps in order to grow the Satin Network
January, 2023Further Development
Further development of SATIN ecosystem (Goals: 1,000+ partners, 1,000,000 active users).
February — April, 2023Real Estate integration
Developing a secure network which allows the payment of real estate assets with SATIN
April — July, 2023Development of own blockchain
Developing own SATIN Blockchain
SATIN TOKEN STRUCTURE
70%
Distributed to Community
15%
Locked Reserve for burning inflationary tendencies each year
9%
Founders and Team
3%
Advisors
3%
Marketing campaign
Pre-Sale
1st of February 2022 / 2PM UTC to
1st of March 2022 / 2PM UTC
Token Sale
Will begin on 20th of March 2022 / 2PM UTC
Supply
45,000,000,000 SATIN
Price
To be determined by market at Launch
Maximum Goal
Hard cap: $45,000,000
Soft cap: $1,000,000
Accepted Currencies
BNB — Binance Coin at Launch, followed by USDT, BTC, ETH and many others
Token Distribution Date
To be announced
Emission Rate
No new tokens will be created. The total supply will be fixed, ensuring holder’s interests are protected.
Read more project:
Website: https://satintoken.com/
Twitter: https://twitter.com/SatinToken
Telegram: https://t.me/satintoken
Instagram: https://www.instagram.com/satin.token/
Author :
Bitcointalk Username: Andrea Dian Indria Sari
BitcoinTalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=2850992
Telegram Username: @AndreaDianIndriaSari
Wallet Address: 0x2e9bF8cB36529b29625Fe6df9834e66Be76bF312
