Synapse Network is opening the community sale on the 5th of July
Synapse Network is happy to announce the largest round of investment for a community, named COMMUNITY SALE. It will be launched on the 5th of July. This is a great opportunity to purchase SNP tokens and invest in the project just before the final Token Generation Event.
Synapse Network is developing a cross-chain investment and start-up acceleration ecosystem based on blockchain technology, to give everybody an equal chance to contribute to great upcoming projects and to do so early on. We are bridging the gap between the traditional & crypto market. The idea of the Synapse Network technology goes beyond the standard offer of launchpads available on the market, becoming a true technological brand providing tech solutions.
If you want to invest at this stage please follow the instructions & details below:
Investment Round Details:
- 795 000 USD will be distributed to a minimum of 3180 people:
- MINIMUM INVESTMENT 1 USD
- GUARANTEED INVESTMENT 250 USD
- MAXIMUM INVESTMENT 5 000 USD - A KYC will be required.
- Community round rules apply.
Timeline:
On July 5th, 2021, at 9:00 AM UTC we will be opening our platform for registrations and KYC requirements as well as opening the sale for 72 hours (smart-contract opened). People will have 72h to register, complete KYC and make a transfer on our platform.
Each investor can decide how much he or she wants to invest.
MINIMUM INVESTMENT is 1 USD. Each investment amount of up to 250 USD is allowed.
GUARANTEED INVESTMENT 250 USD. Each person who invests will receive a guaranteed number of tokens which is equal to 250 USD. You can also allocate more than 250 USD.
MAXIMUM INVESTMENT. Each person can invest more than 250 USD (up to 5 000 USD). However, it’s not guaranteed. This is called overallocation. In such a case you will automatically buy extra tokens from the remaining pool which will be divided equally for all overallocators as long as the invested amount is high enough to cover the costs of the tokens. Not used stablecoins will be claimable after the sale is finished. This description is complex, so let’s explain it on the example:
Total investment pool 795 000$.
Total Investor number: 3180.
Let’s assume that only 90% of people invested with an average investment size of 230$ (not everyone invested maximum value). The total investment size was 654 120$ (230$ * 2844), so the remaining investment is available to people who overallocated. If you invested 250$ without overallocation, or less than 250$ — you cannot count on extra tokens.
The remaining tokens will be distributed equally as long as your overallocation allows you to buy those tokens. Let’s assume that 50% of people (from the 2844 group) overallocated, and everyone overallocated 1000$ (so 250$ investment + 1000$ overallocation). This means that we divide 135 880$ per 1422 people, which is 95.55$. In this example, every person will have an extra 95.55$ allocation, and 1000–95.55$ = 904.45$ claimable after the sale is finished.
Of course if someone only overallocated 50$, he will not get free tokens — his extra allocation will be capped to 50$ even if he could get more.
As you know we do not promote any whales, so if someone overallocated 5000$ or 1000$ it won’t make a difference as long as people who overallocated less can buy all the tokens with their overallocations.
Each person has to pass KYC. Fake ref links, duplicates, wrong data: names, countries, wallet addresses will be deleted as in the previous rounds.
The sale starts on the 5th of July at 9 AM UTC and will last 72 hours. We are wishing you to become a lucky Synapse Network investor!
