Santiment Post-ICO Update – August 2018 - Crush Crypto

Santiment Post-ICO Update – August 2018

Overview

  • Project name: Santiment
  • Ticker symbol: SAN
  • ICO date: July 2017
  • Market cap*: $42 million
  • Circulating supply*: 62,660,371 SAN
  • Total supply: 83,337,000 SAN

* As of August 31, 2018. Source: Coinmarketcap

Santiment is building the Bloomberg of cryptocurrency. It is providing a platform for investors to receive clear and researched financial information as well as sentiment data. Santiment aims to provide traders with market research and datafeeds to aid in their investments of cryptocurrency.

Santiment’s ICO raised $11.7 million dollars between 710 participants in July 2017. They were one of the first companies to implement a whitelist process for their token sale to ensure that their most dedicated community members could receive priority access.

Santiment aims to provide a subscription-based platform where users can contribute accurate market research as well as use the community-based research to aid in the own investments. When using the platform, the amount of tokens someone holds will correlate with the amount of data they can see.

The SAN token is used for the following purposes:

  1. They can give holders access to a limited stream of content and data feeds. These holders will also be allowed to share this information with their customer base.
  2. They are required to participate in any Santiment auctions that sell off datasets or datafeeds.
  3. Participants that contribute positively to the platform can be rewarded with SAN.

Key Milestones/News

The Santiment project is open-source and their development progress can be tracked at https://github.com/santiment.

Santiment updates their blog and their reddit with key developments and these are some of the key milestones of the project:

  • July 2017: Santiment ICO is released and launched onto Bitfinex and Liqui.
  • August 2017: Cofound.it partners with Santiment as a strategic partner and advisor.
  • October 2017: Santiment launches Project Transparency with sixteen other projects to create a self-regulated and industry-led movement toward transparency and accountability.
  • November 2017: Santiment updates their crypto-portfolio configurator to allow traders a more diversified portfolio. 
  • December 2017: Santiment implements a MetaMask login to access the data in the platform. They also adopted GraphQL for their API protocol. Santiment developed a GitHub tracking tool to correlate with token prices.
  • January 2018: The development team is preparing the first data feeds in SANbase, the Santiment platform, to launch publicly, as well as various other features.
  • February 2018: Launch of new Sanbase-low overview screen based on user feedback. Implemented a 30-day dev activity column for each project on the platform.
  • May 2018: Closed Beta is released.
  • July 2018: SAN staking is live. The public can now login and use the SANbase platform while it is in “beta” status.  The SANbase API and Python Library also became available.

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Conclusion

The project shows strong development activities. The SANbase beta platform is live and investors can spend/stake SAN tokens for different products.

Products include (1) API which tracks various metrics such as daily active addresses, token burn rate, GitHub activity, social volume, and so on, and (2) Insights which are community analyses about different cryptocurrencies.

Santiment holds true to its transparency and has even helped spearhead the Project Transparency initiative that aims to increase transparency for blockchain based companies. It has provided all results and distributions from its token sale on its website for public viewing.

Santiment continues to update its social media with any platform or company developments and they have created an intricate roadmap that shows just where they are in their platform.


Additional Resources

Santiment Resources

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