Signal Token (SGN)
The Signal Token will be an Ethereum blockchain based ERC 20 token. All paid features
available on the Signals Platform will be accessible exclusively using Signal tokens.
Signals’ business model is based on two main revenue streams.
First, Signals charges a fee on each purchase in the Signals marketplaces. This includes:
• Purchases of user-created indicators in the Indicator marketplace
• Purchases of data streams in the Data marketplace
• Renting of user-made strategies for copy trading in the Strategy marketplace
• Using premium machine learning features in order to assemble and train trading
strategies.
The second revenue stream comes from the Signals cloud solution for deploying strategies.
A subscription model will be implemented, with several tiers to choose from
based on the amount of strategies used.
Token Sale
The launch of Signals and the corresponding Signal token (SGN) creation process is
based on the Ethereum blockchain (as described in the Signal token section of this
white paper).
The distribution process will consist of two phases, the token sale, and the token presale
phase.
The process will begin with its token presale phase starting at 14:00 UTC on Wednesday,
November 22, 2017. For more information on the 2 phases see sections PRICING
and DETAILS below.
Participants willing to support Signals’ token sale can do so by sending ETH to the
designated address. Detailed instructions on how to participate in this process will be
made available at https://signals.network before the start of the distribution process.
By contributing, participants will receive SGN tokens at the prices detailed in the section
below.
SGN tokens received by contributors will be transferable immediately after the end of
the Distribution Period.
SGN Allocation
SGNs will be issued during the distribution period according to the following percentages.
This is the final amount of tokens, and no further tokens can be issued.
• 50% of the SGNs will be offered for sale to public contributors during the distribution
process.
• 20% of the SGNs will be reserved for the community - as a reward for the developers
and data scientists - described in detail in the Community Support section of
whitepaper.
• 18% of the SGNs will be allocated to the Company reserve. This reserve will represent
a source of the Company’s income and will be used to cover development and
operation expenses.
• 10% of the SGNs will be allocated to the advisors and partners collaborating on
Signals platform.
• 2% of the SGNs will be distributed via our Bounty program as rewards for marketing
initiatives, bug finding programs, and advisory compensation.
SGN Pricing
SGN prices will be nominated in ETH one day before the beginning of the token presale
phase. The ETH price of SGN will be calculated using the ETH/USD exchange rate at
that moment, and the following prices pre-nominated in USD:
Token presale phase price:
• There will be a maximum of $500,000 worth of SGNs sold during this phase.
• During the presale, there will be 30% discount on all SGNs, as compared to the
price at the end of token sale phase.
• That amounts to 1,969,482 SGNs, priced at $0.253874 per SGN.
• Minimum transaction amount in Ethereum is 0.1 ETH.
Token sale phase price:
• There will be a maximum of $18,500,000 worth of SGNs sold during this phase
unless there are unsold SGNs from the previous phase, which would be added to
this number.
• At the beginning of this phase, there will be a 15% discount on the first token sold,
which will then gradually decrease, with the last token sold having no discount.
• Minimum transaction amount in Ethereum is 0.1 ETH.
Details on token presale and token sale phases
SGNs will be offered for sale to public contributors during the whole distribution process,
split between the 2 phases as follows:
Token presale phase details:
• Begins at 14:00 UTC on Wednesday, November 22, 2017.
• 1,969,482 SGNs will be offered for sale during this phase.
• There will be a maximum fundraising cap of $500,000, which amounts to 1,969,482
SGN with 30% price bonus.
• The token presale phase will run for 30 days, or until the cap on fundraising is
reached, whatever happens, earlier.
• If there are unsold SGNs remaining after 30 days of token presale phase, they will
be added to the token sale phase token pool.
Token sale phase details:
• The starting date will be announced after the end of the token presale phase.
• There will be a maximum fundraising cap of $18,000,000 for this phase. In case
there will be unsold SGNs remaining from the presale phase, they will be added to
this cap so that the total cap for both phases amounts to $18,500,000.
• There will be a minimum cap of $2,000,000. If this is not reached, all investors in
this phase will have the full amount of their contributions returned to them, minus
the transaction cost (GAS).
• Token sale phase ends either two weeks after its beginning, or the moment when
the maximum cap is reached.
• After the end of token sale phase, if the minimum cap was reached, but not all
SGNs were sold, the remaining unsold SGNs will be burned.