ICO Project SnowdenCoin (SNOW)
Tokensale Start: 20/05/2020
Tokensale Finish: 31/01/2021
SnowdenCoin is a project that provides users with a decentralized file-sharing network based on Blockchain technology. Users who download the content themselves set a fee for access to it, and all transactions on the network will be anonymous. Users will be able to upload any type of file, as well as host sites on anonymous hosting.
Business Model Overview SnowdenCoin (SNOW)
1. The validity of income
The project will receive income from charging a fee to users who pay for access to content on the platform. Dividends will be paid to token holders depending on the number of tokens that they own. The project team will distribute 24% of all income between investors, and 6% of the total income will go directly to the company. Since dividends will be paid in SNOW tokens, the project team has developed a token buyback system, this will ensure stable demand and increase the value of SNOW tokens.
2. Number of currencies accepted
The project accepts 4 liquid currencies, namely: BTC, ETH, USD, EUR.
3. Token emission
The project has a limited number of tokens. In total, 24 000 000 SNOW tokens will be issued.
4. Discount on the purchase of tokens
The discount on the purchase of tokens is 50% (p. 18 White Paper).
The provided flow chart shows the project goals until mid-2020 (p. 34 White Paper). The distribution of tokens will be as follows: 67% - “Reserved tokens for public sale”, 4% - “Advisers”, 1% - “Reserve”, 23% - “Project team”, 5% - “Remuneration”.
6. SOFT CAP / HARD CAP Ratio
The project has a poor SOFT CAP / HARD CAP ratio, which reduces its investment attractiveness. The values of SOFT CAP and HARD CAP are $ 1 000 000 and $ 20 000 000, respectively.
7. MVP availability
The project has been developed by MVP, which is available at https://www.snowden-coin.com/.
8. Risk assessment and insurance
At the same time, however, there are no risk assessments by international standards, as well as any risk insurance methods, for example, Escrow, which increases the risk of loss of capital of potential token holders.
Criteria of accordance to the international standards of business-planning of UNIDO and EBRD