[ANN] Saturn Black Platform | Token Sale | Public stage - page 23.

zykov_dm

copper member

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Quote from: tuthienloc92bk on December 10, 2018, 09:16:47 AM

Hello Saturn team,

I have read your whitepaper and taken a look in your website but I cannot find out the information about soft cap and hard cap. Could you please provide it?

Thank you.

Hello, tuthienloc92bk !

Answer your question.

Soft Cap
The minimum amount required to launch Saturn Black platform is $ 1,000,000. This is the money that will be spent on product refinement, legal support and maintenance of staff. For current date, the project has collected less than this amount, but this does not prevent us from working. We started to implement the platform with our own funds and are ready to submit the first demo version of the atomic exchange on December 12, which we wrote earlier.

Hard Cap
Based on the model of issue and distribution of XSAT tokens, you can easily calculate the Hard Cap. It is equal to 93,750,000 $. These are 750,000,000 XSATs offered for purchase, multiplied by the maximum price of the token at the Token Sale Public stage of $ 0.125 for 1 XSAT. We wrote about it in White Paper. page 19.

Detailed answer in our blog

Thank you for your question. If there are additional questions - ask.

tuthienloc92bk

member

Activity: 364

Merit: 34

Fast, Smart, Trustworthy

Hello Saturn team,

I have read your whitepaper and taken a look in your website but I cannot find out the information about soft cap and hard cap. Could you please provide it?

Thank you.

zykov_dm

copper member

Activity: 73

Merit: 0

Published a blog article. Original here https://saturn.black/properties-required-for-the-markets-development/

Properties required for the markets development

Markets evolves according to economic laws. Each exchange asset to attract money to the market must have some of qualities, the combination of which attracts or repels investors and traders.

• Liquidity – the ability of assets to turn into cash. The ability of the market to realize the demand of investors and speculators, to buy and sell an asset with a volume that matching with the current market, demand attracts cash to this market. The lack of opportunity to enter the market with amounts exceeding the current offer is a barrier to increased cash flow in this market.

• Provision – real assets that provide the value of a trading instrument. The Saturn Black team is of the opinion that the majority of crypto assets in the existing market are completely unsecured. Due to the youth of the market and the composition of the traders, the vast majority unprofessionally trading in this market, companies that issue crypto assets have attracted large sums of money in cryptocurrencies, promising a future increase in the price of issued tokens without the presence of real products. In fact, some projects have been successful, hitting a wave of growing public interest in crypto assets and their prices increased at the end of 2017 – at the beginning of 2018, like the rise in prices of market pioneers, Bitcoin, Ethereum and others. According to data that published by Forbes, at the moment of mid-December 2017, the amount collected by 234 ICO was $3.7 billion. The first quarter of 2018 was a record for ICO – the volume of funds exceeded the amount of funds collected by ICO in 2017. But, along with the fall in Bitcoin prices, the ICO market has also fell down. And the secondary market of crypto assets was not ready for the influx of so many trading instruments, the number of which in 2017-2018 increased by more than 2 times.

• Secondary market. Crypto assets distributed by ICO, needs secondary market and real using in infrastructure of companies product, offering a token to the market. Due to the lack of implementation of most blockchain concepts, and often due to the complete lacking of a real business model, the tokens of such companies follow the path of infinite price decreasing, up to complete depreciation. And this is not a consequence of malicious actions by manipulators who organized a long “bear game”. Rather, the fall of the market is a consequence of the complete unsecured of assets and the lack of secondary demand in the available markets.

• Reliability. Every investor considers an asset like perspective realizing of products declared by companies, even in cases where the asset used as a speculative instrument only. Investors evaluate the potential of new markets in attracting trade volumes, through company communication with the community, advertising or partnerships, and product introduction into the business infrastructure. In the end, every speculator wants to be sure that this market will not disappear tomorrow.

• Security. Crypto market is young and belongs to the incipient market. Technology from time to time give technical security failures. Thefts are not rare in the crypto market, which negatively affects the development of trading platforms and the value of assets.

• Risk control. In addition to technical safety, we note economic security. Exchange instruments represented by crypto assets are high-risk, and the majority of traders do not appreciate the need to fix losses in order to further participate in exchange trading. Besides, many exchanges are equipped with a weak technical infrastructure that is failing, which implies more risks.

I will not disregard your additions. If you have read to the end, please leave your comments.

zykov_dm

copper member

Activity: 73

Merit: 0

Quote from: tspmhack5 on December 07, 2018, 02:46:07 AM

Hello and Congratulations on your ANN!
I wrote an introductory article on my blog. Please visit and leave a comment.
I believe this is a very good project, the team members are enthusiastic feedback to the forum members. This will bring good results, because the most important thing in a project is the good relationship and communication between the project and the community, I believe it will make the community stronger and more productive. More. Promote for excellent project completion.

https://vanminhcoin.blogspot.com/2018/12/about-saturn-platform-in-development-of.html

tspmhack5, thank you for your support!

tspmhack5

newbie

Activity: 84

Merit: 0

Hello and Congratulations on your ANN!
I wrote an introductory article on my blog. Please visit and leave a comment.
I believe this is a very good project, the team members are enthusiastic feedback to the forum members. This will bring good results, because the most important thing in a project is the good relationship and communication between the project and the community, I believe it will make the community stronger and more productive. More. Promote for excellent project completion.

https://vanminhcoin.blogspot.com/2018/12/about-saturn-platform-in-development-of.html

zykov_dm

copper member

Activity: 73

Merit: 0

Quote from: Planton on December 05, 2018, 12:18:43 AM

Quote from: zykov_dm on December 04, 2018, 07:00:06 PM

Quote from: nabilapimpo on December 04, 2018, 06:06:47 PM

This is very good, it was great to see you are so friendly to the community, answer any of their questions patiently. This will give a good effect, because the most important thing in a project that is a good relationship and communication between project with the community, I hope everything goes according to plan.

Our team is now experiencing the same thing as many players in the crypto market. Many people are angry at the "damned whales" and "hated bankers", not getting to realize the problem. And also on all the ICOs who robbed them. I think we should not be angry, but look for new ways out. Our project is our vision of the overall solution of the problem by the whole community.

it should be like that, if there is a problem, the solution is not only with high emotion, hopefully in the future everything will be fine and the team will give clarity about this problem so that the participants are not disappointed with this either.

Yes, I agree with you. But we are not emotional here. Moreover, I have never written that everything will be fine. And also, I think that for many markets everything will be completely bad.

We have already encountered a crisis and it is impossible to avoid it self-consolation.

More specifically, I say, fix your losses and live on.

We offer a specific solution and I wrote about this with more detail in the articles that I offer for reading above. The solution is that we provide an opportunity to fix the loss without slipping the price. We will try to revive the assets, that we receive from buyers of the XSAT token, through the provision of bilateral bids, rather than a magic wand.
If I missed something and did not answer your question, please specify.

Planton

full member

Activity: 476

Merit: 100

Quote from: zykov_dm on December 04, 2018, 07:00:06 PM

Quote from: nabilapimpo on December 04, 2018, 06:06:47 PM

This is very good, it was great to see you are so friendly to the community, answer any of their questions patiently. This will give a good effect, because the most important thing in a project that is a good relationship and communication between project with the community, I hope everything goes according to plan.

Our team is now experiencing the same thing as many players in the crypto market. Many people are angry at the "damned whales" and "hated bankers", not getting to realize the problem. And also on all the ICOs who robbed them. I think we should not be angry, but look for new ways out. Our project is our vision of the overall solution of the problem by the whole community.

it should be like that, if there is a problem, the solution is not only with high emotion, hopefully in the future everything will be fine and the team will give clarity about this problem so that the participants are not disappointed with this either.

zykov_dm

copper member

Activity: 73

Merit: 0

Quote from: nabilapimpo on December 04, 2018, 06:06:47 PM

This is very good, it was great to see you are so friendly to the community, answer any of their questions patiently. This will give a good effect, because the most important thing in a project that is a good relationship and communication between project with the community, I hope everything goes according to plan.

Our team is now experiencing the same thing as many players in the crypto market. Many people are angry at the "damned whales" and "hated bankers", not getting to realize the problem. And also on all the ICOs who robbed them. I think we should not be angry, but look for new ways out. Our project is our vision of the overall solution of the problem by the whole community.

nabilapimpo

member

Activity: 602

Merit: 10

Decentralized Ascending Auctions on Blockchain

This is very good, it was great to see you are so friendly to the community, answer any of their questions patiently. This will give a good effect, because the most important thing in a project that is a good relationship and communication between project with the community, I hope everything goes according to plan.

zykov_dm

copper member

Activity: 73

Merit: 0

We received feedback from the crypto community and tried to answer questions that seem incomprehensible. But this is only the first inspection. In fact, everything is simple. In the articles of our blog, we have a detailed look at some elements of our concept.

We made a selection of our publications, so that you can get a clearer picture of the Saturn Black project.

Concept
Why is Bitcoin crashing and when will it end?
https://saturn.black/why-is-bitcoin-crashing-and-when-will-it-end/

XSAT token brings new opportunities to customers
https://saturn.black/xsat-token-brings-new-opportunities-to-customers/

Saturn Black expands the list of assets to make payment for the XSAT tokens
https://saturn.black/saturn-black-expands-the-list-of-assets-to-make-payment-for-the-xsat-tokens/

Technology
Atomic exchange protocol from Swap
https://saturn.black/atomic-exchange-protocol-from-swap/

Team
Saturn Black Team. Idea of creating a platform
https://saturn.black/saturn-black-team-idea-of-creating-a-platform/

General partnership. Swap in Saturn Platform
https://saturn.black/general-partnership-swap-in-saturn-platform/

We would appreciate your adequate feedback and questions.
A few more articles will be published from day to day. So join the Saturn Black community in social media.

Join the Bounty Campaign

zykov_dm

copper member

Activity: 73

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Quote from: UstadSoleh on December 03, 2018, 11:49:26 PM

there will be many who are interested in this project if all the teams involved are always working together in a compact manner in promoting this project, because the cohesiveness that the team has can be easier to convince the participants and investors.

Thanks for your positive message! I agree, that the success of any business depends on how cohesively the team works. That is why we believe in the success of our business.

UstadSoleh

member

Activity: 476

Merit: 10

there will be many who are interested in this project if all the teams involved are always working together in a compact manner in promoting this project, because the cohesiveness that the team has can be easier to convince the participants and investors.

zykov_dm

copper member

Activity: 73

Merit: 0

Quote from: crypt0sc0pe on December 03, 2018, 01:51:03 PM

What is your Monetary Policy? Inflationary? Deflationary? Fixed supply forever or additional tokens to be issued?
If the project is forked off another coin, what is different and why the need for a new asset?

Thanks! This is a very good question.
We follow deflationary policy. Amount of issued tokens is fixed forever.
Just today, we have released a new article about our concept. In the article we tried to explain our position regarding the recovery of the liquidity of crypto markets.
Now, why is the XSAT token needed if this is another new token? Our purpose at the Token Sale stage is to provide crypto markets with consumer demand. After the completion of Token Sale, we will direct 51% of collected crypto assets on the reverse liquidity and so on. Our earnings will consist of commission and spread. In return, the market will receive additional liquidity.

zykov_dm

copper member

Activity: 73

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Thank you, Kamvreto! You are ahead of me Cool

Quote from: kamvreto on December 03, 2018, 01:23:04 PM

Saturn Black expands the list of assets to make payment for the XSAT tokens
https://saturn.black/saturn-black-expands-the-list-of-assets-to-make-payment-for-the-xsat-tokens

crypt0sc0pe

member

Activity: 392

Merit: 11

What is your Monetary Policy? Inflationary? Deflationary? Fixed supply forever or additional tokens to be issued?
If the project is forked off another coin, what is different and why the need for a new asset?

kamvreto

legendary

Activity: 1946

Merit: 1157

MAaaN...!! CUT THAT STUPID SHIT

Saturn Black expands the list of assets to make payment for the XSAT tokens
https://saturn.black/saturn-black-expands-the-list-of-assets-to-make-payment-for-the-xsat-tokens

zykov_dm

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Activity: 73

Merit: 0

Quote from: 24Kt on December 01, 2018, 08:19:40 PM

Quote from: zykov_dm on December 01, 2018, 07:59:30 PM

Quote from: 24Kt on December 01, 2018, 06:58:25 PM

Does your exchange already have the necessary legal documents in place? I mean, is this already registered? And in what jurisdiction? With so many crypto exchanges sprouting everyday, I believe knowing if the exchange you're dealing with is legit is the first step.

Registration of legal documents is not yet completed, but it is progressing. Country Czech Republic. We will write more about this as we move forward.

Thank you so much for answering my query. I hope everything goes well on your project. You need to strategize on how can you attract traders on your platform once this is up and running, as usually volume is one major problem in a newly built exchange.

Thank you for your aid!
We are working on a program to attract the attention of traders and trading volumes. In the first turn we have the launch of the OTC trading service. We believe that this will attract the attention of large holders of crypto assets. We plan to direct most of the funds collected at Token Sale to provide the market with liquidity. The exchange program for 300 items of crypto assets for XSAT tokens is aimed at restoring asset circulation between traders.
If you have any questions, please ask.

24Kt

member

Activity: 1092

Merit: 67

Quote from: zykov_dm on December 01, 2018, 07:59:30 PM

Quote from: 24Kt on December 01, 2018, 06:58:25 PM

Does your exchange already have the necessary legal documents in place? I mean, is this already registered? And in what jurisdiction? With so many crypto exchanges sprouting everyday, I believe knowing if the exchange you're dealing with is legit is the first step.

Registration of legal documents is not yet completed, but it is progressing. Country Czech Republic. We will write more about this as we move forward.

Thank you so much for answering my query. I hope everything goes well on your project. You need to strategize on how can you attract traders on your platform once this is up and running, as usually volume is one major problem in a newly built exchange.

zykov_dm

copper member

Activity: 73

Merit: 0

Quote from: 24Kt on December 01, 2018, 06:58:25 PM

Does your exchange already have the necessary legal documents in place? I mean, is this already registered? And in what jurisdiction? With so many crypto exchanges sprouting everyday, I believe knowing if the exchange you're dealing with is legit is the first step.

Registration of legal documents is not yet completed, but it is progressing. Country Czech Republic. We will write more about this as we move forward.

24Kt

member

Activity: 1092

Merit: 67

Does your exchange already have the necessary legal documents in place? I mean, is this already registered? And in what jurisdiction? With so many crypto exchanges sprouting everyday, I believe knowing if the exchange you're dealing with is legit is the first step.

Topic: [ANN] Saturn Black Platform | Token Sale | Public stage - page 23. (Read 22554 times)