today we come to announce that the release date of the project ICO has been redefined - and is confirmed - for the next day October 5, 2016.
The project aims to raise $ 7.5 million for the ICO and is already very attracted the attention of the whole community, whether in bitcointalk ie on Reddit.
We will explain below some details of the project for you - our readers - stay on top of all project!
Tokens of SingularDTV
The token used by SingularDTV is called "SNGLS". SNGLSsão fungible (has the ability to be replaced) and in accordance with the standards of universal token Ethereum.
SNGLS represent a claim on intellectual property, be it a film, a TV series or software.
The total number of SNGLS SingularDTV the ecosystem is 1,000 billion (1,000,000,000). Of these, 500 million (500 million) will be generated for the SingularDTV public at ETH equivalent of 1.5 cents per dollar token for a total of ETH equivalent to 7.5 million dollars for:
Launching a division of documentaries dedicated to educating the world about Ethereum, blockchain and decentralization; Produce the 1st Season of our series of epic television sci-fi "Single" on the journey of the human race in a technological singularity; Building a rights platform, revenues and royalties and management; Building a transaction portal of on-demand videos (requests).
Of the remaining 500 million SNGLS tokens, not available to the world, 400 million belong to the founders and 100 million to create investors / platform development. All gross revenue claimed by 400 million tokens of the founders will be placed in a safe "vault" where the Intelligent contract system SingularDTV (SCS) will ensure that the revenue is reinvested in SingularDTV ecosystem to create movie content / TV series, and decentralized technology / apps for the entertainment industry. The founders will not have access to these tokens and will only receive dividends or income of these 400 million tokens in the event of a future exit. These measures mentioned above for the tokens of the founders are representative of commitment SingularDTV for growth of a decentralized entertainment industry. The founders will receive a proportional compensation as estimated on a per project basis to act as the executive team SingularDTV. The remaining 100 million tokens held by our investors creators / development benefit of the same attributes that the 500 million units sold to the world. They can be saved to receive benefits of revenue from SingularDTV projects in perpetuity, or traded on the open market (There will be a total of 600 million SNGLS tokens on the open market).
Opening of the ICO
The opening of the ICO (Initial Offer Currency) will be next on 05 October 2016. It is expected a great demand from investors all over the world. The Chinese public, in particular, is one of those with the most focused looks for the project.
Each SNGLS token will cost $ 0.015, or 1.5 cents.
The purchase will be in the SingularDTV site - Access Here - and performed with Ethereum. For those who do not have Ethereum a swipe of bitcoin was prepared to ethereum on the site itself so that you do not work. We, the cryptocurrency Easy, we recommend that before using this exchange you pay attention to the prices. Probably worth more penalty you change in any exchange - as Poloniex - and send already Ethereum to the site.
For those who wish to attend the ICO buying SNLGS tokens with the Mist, they did a tutorial that can be accessed HERE.
This is interesting news. Hope SNGLS ICO do not have same situation with FirstBlood ICO whereby it was like being "pre-bought" by Yunbi Exchange and other privileged parties such that ICO ended literally at 5 minutes from opening.
Am interested to put some of my mined ETH for this worthwhile project. Keep posting for updated news. Thanks
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