Why is this a big deal? If you look closely at all previous coin airdrops/forks, they basically bribe their holders by giving them new coins for free (where the value of the new coins is close to zero). All previous forks have been taking away value from their holders.
The Santa Coin holder rewards change that. The longer you hold, the more BUSD you will get for free when we launch the mainnet. The total amount of BUSD that will ever be issued will be around 100 million tokens. If you hold 1% of all Santa Coins in circulation, that means that you get 1% of 100 million = 1 million BUSD for free!
The fact that the holder rewards are paid in BUSD and not in Santa Coins has two big implications: 1) it is a big step towards making Santacoin into a real currency rather than just another coin to speculate on — because now there are actual use cases for Santacoin; 2) it gives token holders more incentive to help us create real-world utility for Santacoin — because now they can earn
Santa Coin is a utility token that allows holders to receive rewards. Holders of Santa Coin will receive 10% of the fees from the Bit-Z exchange and from all other exchanges that list Santa Coin. The holder rewards are paid in BUSD, not in Santa Coins! This is a huge difference! The longer you hold, the more BUSD you earn.
A total of 2.5 billion Santa Coins will be issued, and 1 billion will be sold during the ICO. 1/3 of the coin will be locked for 1 year after the ICO and will be unlocked every 3 months thereafter, for a total of 4 times, with 100 million Santa Coins being unlocked every time. The remaining 2/3 coins will be unlocked immediately after the ICO ends.*
The remainder (2/3) of all coins not sold during the ICO will remain in reserve as “the team’s” tokens. These “team’s” tokens have no vesting and can be traded on an exchange at any time after the end of the ICO.”
†This is not an offer to sell securities or an indication that any public offering will be made available to non US persons or persons residing outside China. No securities or equivalent rights are offered.
Santa Coin is a coin that appreciates in value the longer you hold it. The Santa Coin holder rewards are paid in BUSD, not in Santa Coins! This is a huge difference! The longer you hold, the more BUSD you earn. Thank you for your attention!
Santa Coin is a project that aims to develop a set of services and products that will allow its users to receive rewards in the form of BUSD, which means they will be able to convert their Santa Coins into USD.
The team that stands behind this project has already started working on it. The project developer is a well-known individual who possesses an excellent reputation in the Crypto Market and has been involved in several high quality projects.
As for the token sale itself, it will begin on December 25, 2018, and will last for 30 days. The price for 1 Santa Coin Token during this period is 0.00025 ETH. The minimum investment sum is 0.1 ETH.
Challenges facing Santa Coin ** Santa Coin currently has a total supply of 1 billion tokens (1,000,000,000), with no further issuance possible after this date. All unsold tokens during the ICO will be burned by smart contract after the end of the ICO period.
Santa Coin is not just another cryptocurrency or blockchain project that only offers you the possibility to earn through staking your coins or trading them on exchanges once they have been distributed to investors and stakeholders. Instead, Santa Coin aims to offer a decentralized solution for monetizing time spent on social networks through Proof of Attention
Santa Coin is a platform that will bring together a decentralized P2P betting exchange, a decentralized lottery and a completely decentralized casino.
Santa Coin is not an ICO or token generation event. Santa Coins are the internal currency of the Santa Exchange platform, and they are created on the Ethereum blockchain. They do not represent any share or stake in the company.
The number of Santa Coins is limited to 2 billio They are created by those who bet on the platform and those who refer others to use it All unclaimed prizes in the “win” category will be withdrawn from circulation and burne The purpose of burning is to reduce supply and raise purchasing powe The more people use the platform, the higher the prize payout ratio will be, and as a result, more people will use i Holders of Santa Coins who keep them for at least 30 days will receive bonus interest in BUSD every 30 days at a rate of 1% per annum, which effectively covers inflation due to increases in operating costs as well as increases in operating profits. The bonus interest rate is fixed.
Santa Coin is a project of the Santa Company, which was founded by the same person who founded Reddit, one of the most popular online communities. Santa Coin is an ERC20 standard token based on the Ethereum platform. The main purpose of the project is to make investments in digital currency more attractive and profitable.
The aim of Santa Coin is to develop a blockchain technology platform that will allow users to receive rewards for their contributions to the development of this ecosystem. This will involve the creation of a variety of decentralized applications that will be easily accessible through a single user interface on any device. The project team will provide assistance in launching ICO projects and creating smart contracts.
The SANTA COIN project offers investors a unique opportunity to receive dividends not only from investing in tokens, but also from holding them for a certain period of time; according to many analysts, this is one of the most significant advantages of this blockchain startup.
Santa Coins will be the first token that is tied to a real asset and has real value. By investing in Santa Coins, you invest in the SANTA BANK which will buy gifts for children around the world.
Thousands of people participate in the Bitcoin economy on a daily basis. The majority of them trade Bitcoins, store Bitcoins and buy goods or services with Bitcoins. However, not many are aware that there is a new way to earn from Bitcoin, through a project that is currently being launched by the name of Santa Coin — https://www.santacoin.net/index_en.html .
The Santa Coin aims at bringing a fresh perspective when it comes to the use of digital currencies, as well as to spread Christmas joy among children all over the world by making them believe in Santa Claus again! The idea behind this project is to make digital currency more fun and its users happier with the help of Christmas spirit and love for kids.
For more information :
- Website: https://santacoin.io/
- Telegram : https://t.me/santa_coin
- Twitter: https://twitter.com/Santa_Coins
- Reddit : https://www.reddit.com/r/SantaCoin/
Author:
- Bitcointalk Unsername : Holdgeng
- Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=3410898;sa=summary
- telegram Unsername : @Holdgeng
- BEP-20 Address : 0xC12FD039050c44f482954978Ea6cB51841D5C3c6