News from the Signals team: Upcoming Alpha release, main token sale and compensation
Here’s the latest from our team about our token sale schedule, compensation for our pre-sale participants and the upcoming Alpha release of the Signals platform.
In light of recent events, the Signals team has had to make some adjustments to our token sale schedule to accommodate evolving regulatory and legal requirements. However, we continue to work extremely tirelessly to ensure that our token sale will occur without any issues on February 26 (postponed to March 12, read the update down below).
One significant topic which has been brought up by our community has been the recent price increase in ETH. It’s understandable that we cannot control the price of ETH, but we can adjust the pegged rate for ETH for pre-sale purchasers. This is an important matter to us, and we’ve worked hard to come up with the most suitable solution as possible.
To ensure fairness and to reward our pre-sale participants who have supported us in the early stages of development, we will be compensating them by fixing their ETH value 24 hours before the start of the main token sale. This means that pre-sale participants will not receive the main sale tokens at a 1:1 ratio as previously planned, but instead to the new, locked-in ETH value that will be set 24 hours before the main token sale. Thus, pre-sale participants will receive tokens at a pre-sale rate. It’s important to note that compensation adjustments will be capped at 8% of the total token supply, and all tokens related to these adjustments will be taken from the company reserve token pool.
We believe that this solution will take the rapid rise in ETH into account, while still balancing the needs of the company to operate and grow to be the most successful marketplace for cryptotrading signals and indicators.
During this next week, we are excited to share our Alpha version of the Signals platform with the community. Your input will be extremely valuable; it will continue to guide the future of Signals.
Thank you for your support and patience. We have the best community and signals.
Signals Team
*UPDATE — February 23, 2018*
Due to our Know Your Customer (KYC) process, we are postponing the date of the main Token Sale to Monday, March 12. Registration will start from Monday, February 26. Read the full explanation in the announcement: https://blog.signals.network/announcement-signals-token-sale-date-change-due-to-kyc-process-7129962ba161
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*UPDATE — February 7, 2018*
The Signals Token Sale begins on Monday, February 26, 2018. The price of one SGN token unit will start at approximately $0.3, which will be set in Ethereum on the first day of the Token Sale.
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