Introducing Spectiv _______________________________________________________________________________
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The Signal Token (SIG) Protocol is designed to decentralize the buying, selling, and rewarding of attention
across media platforms by removing centralized intermediaries from advertising transactions.
Spectiv will act as the first adopter for this protocol, generating real-world application data to support future adoption by other media platforms.
Virtual Reality Streaming Alpha Platform
(Launch: Week 1 November)
The Spectiv VR Alpha V1 will be a fully functional VR streaming platform that will allow users to upload content, view content, create channels/accounts, subscribe, and more. This Alpha V1 will be technologically advanced by industry standards, supporting Rift / Vive VR viewing directly through web browser. This is all in addition to our desktop and mobile headset functionalities. We have partnered with several VR content producers who will be porting a wide selection of quality content to this Alpha, and we are excited to share these experiences with our supporters.
SIGs will be publicly sold through an open token sale event. The sale will begin on 12/08/2017 at 2:00PM (GMT -5) and will run through 12/29/17. The number of SIGs sold will determine the total number of SIGs created. The public token sale will be capped at US$40MM. The sale will end immediately if the max cap is reached. The crowdsale will be hosted at www.spectivvr.com. Any amounts sold through the presale, private sale, and early access sale will not count towards the $40MM cap. These amounts will also be made public on the token sale portal the day of the sale.
SIGs will be sold at a fixed price of $0.50 each. Early crowdsale participants will have the opportunity to buy SIGs at a discount to this price, based on the timing of their purchase. SIGs will be sold through 4 levels, with each level representing an early bird bonus opportunity. The earlier the purchase, the greater bonus that can be expected. This system essentially rewards buyers in extra SIGs for showing early support and engagement. Additionally, if you subscribe to our email list at www.spectivvr.com, you will have early access to the token sale and an exclusive 60% token bonus. These is to reward our supporters, and ensure they are all able to participate in the token sale. This Pricing and Bonuses
Presale: August 27th-Sept 4th
The Spectiv presale was executed in partnership with Sutton Stone exclusively for early supporters of the project. Presale participants were required to pass qualification screenings in compliance with OFAC and other KYC checks. All presale participants engaged in a personalized SAFT with Spectiv, LLC. All presale transactions have been audited and verified by global public accounting firm, Baker Tilly. This presale was conducted with a pioneering standard for security and regulatory consciousness. Proceeds from the token presale have recently been released and are being used to build the platform alpha and raise awareness for the project.
The amounts sold in the Presale are as follows: 3,548 ETH, 32 BTC, and $58,000 USD
Additional Contributors:
Ned Scott - Founder of Steemit
Ned gave us insight into his experience with Steemit’s Steem Token. Talking to Ned helped us hone in on the economic behaviors and attention dynamics that will drive Spectiv’s Signal Token. Ned is not actively advising for Spectiv, but our meetings with him helped us shape our direction for the Sigs protocol.
Joe Urgo - Co-Founder of District0x
Joe was one of the most important earlier contributors who assisted us in fleshing out the Spectiv Token Model. Joe was a key advisor in suggesting the idea of attention markets and the value that they could bring to the Spectiv platform. Based on the feedback that Joe provided us, we eventually came up with the idea for rewarding content curators and created Signal tokens to do this. Joe is not actively advising for Spectiv while he is currently hard at work with District0x. As we move forward though, we do expect to have further discussions with Joe and possibly bring him back on board as an advisor.
At the most fundamental level, we are implementing an escrow that will oversee and regulate release of funds – all crowdsale funds will be received to a multisig wallet controlled by 3 independent actors:
1. CoinVault ATM CEO, Sheldon Weisfeld
2. Sutton Stone
3. Spectiv Virtual Reality, LLC.
Participants should be confident that payments made for SIGs are directly attributed to benefits on the platform and the provision of better and more exciting experiences. With that said, the Spectiv Company has established assurances and transparent policies that will directly govern the revenues received through the token sale.
Spectiv’s first level of token sale security will come from the smart contract itself. The second level of security is via multi-signature for the release of revenues. At the most fundamental level, we are implementing an escrow that will oversee the release of revenues – all revenues will be controlled by 3 independent actors, as follows:
1. CoinVault ATM CEO, Sheldon Weisfeld
2. Sutton Stone LTD
3. Spectiv LLC
Revenues received through sale will be locked in an escrow wallet until the Spectiv Company’s audit process has been successfully completed and distributed to all purchasers. Once SIGs have been distributed, escrow actors will be able to approve the release of token revenues to USD where they will be held in either Spectiv LTD or Spectiv LLC.
The receipt of moneys in Spectiv LTD shall be used to account for Spectiv’s Mauritian team and the rest transferred to Spectiv’s LLC account evenly over two separate disbursements, contingent on the achievement of predetermined milestones tied to the benefit of the community.
The disbursement schedule is outlined here:
(i) 1⁄3 of revenues will be transferred immediately following the distribution of SIGs purchased through sale for payment of the smart contract build for the token sale process. This will be used to cover long-term development and updates for the Signal Token protocol. These revenues will also support development for the Spectiv platform – specifically in driving exciting, high-quality VR content to the site. A minor allocation will be used to support general business operations and infrastructure setup for the company.
(ii) 1⁄3 of revenues will be transferred upon launch of the beta platform. These revenues will be used to fuel the next stage of token development and expansion. This will include bringing in other media platforms to build attention economies on the Signal Token protocol using Spectiv’s use-case data. Additionally, these revenues will be used to optimize the Spectiv platform, build a user base, and reach licensing agreements with mainstream organizations to broadcast popular events. These revenues, amongst other things, shall be used to support the long-term business operations for Spectiv, including development and platform maintenance expenses.
(iii) 1/3 of revenues shall be retained in the Mauritian entity to be used for content production, administration of the community, global events and the like.
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