The economists are torn on the future of cold hard cash and with a majority inclined to the fact that the future will be deprived off the hard currencies.
Electronic money is gaining popularity especially in the burgeoning e-commerce sector, and Sonder is a project developed to overcome the barriers that hinder the full integration of cryptocurrencies and blockchain technology. Sonder already has technical solutions to solve the problem of lack of transparency, high transaction fees, and slow speed such as APIs and SDKs. This will allow cryptocurrency wallets to connect to e-market spaces and provide maximum simplicity and speed during payment transactions. Sonder has an ICO that is geared towards raising funds to expand their reach.
Sonder Token Features
- Token name: SONDER (SNR)
- Token type: ERC20
- Payout: SNR tokens will be sent to your ETH wallet
- Total supply: 240,000,000 SNR tokens
- Minimum purchase: 0.1 ETH
- Price: 1 SNR = 0.00007 ETH
- Private sale: March 10 –March 24, 2018
- Pre-sale period: March 25 – May 21, 2018
- ICO sale period: MAY 21 – June 22, 2018
- Soft cap: $4 million
- Hard cap: $6 million
- Accepted cryptocurrencies: ETH
Initially, the pre-sale period was planned to end on April 10, 2018, but they extended the period to May 21, 2018. Users who bought the SNR tokens during the period enjoyed bonuses ranging from 5% to 15%, and the bonuses depended on the dates and the day one entered into the pre-ICO sale.
All successful ICOs rely on the strategy of token distribution. As the crowd sale enters the home stretch, here is how they are distributing the generated tokens.
70% – reserved for the crowd sale which is a total of 168,000,000 tokens
10% – a total of 24,000,000 is reserved for the team and will be locked for at least 6 months by the smart contract
10% – equivalent to the teams allocation, this portion is reserved for incentivizing the community as part of the bounty program
10% – will be locked by the smart contract for at least 1 year and it is for ensuring guaranteed network activities
All the tokens that remain unsold in the entire sale period will be destroyed.
By the end of the pre-ICO period, Sonder had already attained their soft cap of $4 million. With only a few days remaining until the close of the crowd sale period, they are aiming to hit their hard cap target of $6 million. Here is how they will distribute the funds
- Development – 60%
- Marketing – 30%
- Security – 5%
- Infrastructure – 3%
- Legal -2%
For security purposes, the funds will be stored in a cold wallet and the contributors will receive their tokens in a period of 2 weeks after the close of the ICO.
The managerial and advisory team is made up of 89 members working together to ensure Sonder’s success. Jokubas Drazdas, the CEO and co-founder alongside Kenjiro Tamaki, an advisor and co-founder are the leaders of the team. The rest of the team includes a CTO, a blockchain industry analyst, a business development manager, and investments advisor, a VP production and operations, a smart contract lead, and a cyber security advisor.
With the growth of the e-commerce market, we need a secure and fast platform that does not have exorbitant transaction fees. Invest in the Sonder ICO by visiting the official website but be sure to lead the whitepaper for an in-depth analysis of the ICO. You can also follow and participate in the conversation on Telegram and Twitter.