SNM is a ERC20 token issued on Ethereum blockchain. Token holders can easily store and manage their SNM tokens using existing Ethereum clients including official Ethereum wallet, Mist, Parity, MyEtherWallet.com.
SONM TOKEN CROWDSALE
Crowdsale will last from June 15 to July 15.
117 337 ETH
MLN USD*ETH cap can be adjusted before the ICO start according to eth/usd price change
TOTAL AMOUNT OF TOKENS ISSUED DURING ICO:
To reflect Ethereum’s recent rise in value, we decided to adjust SNM accordingly. While Ethereum increased from 222 000 000 to 444 000 000, we adjusted the SNM price to 2424 SNM for 1 ETH, so SNM tokens will cost less and the cap will be halved. Although this has lowered the total number of funds gathered during ICO to 136 699 ETH, please note that the ratio of token distribution among ICO and pre-ICO participants, bounty participants, and SONM team members have been retained.
After the ICO no new token will ever be issued. Read more in FAQ.
Tokens will be distributed according to the progressive bonus scale, which is beneficial for investors.
INITIAL TOKEN DISTRIBUTION STRUCTURE:
Which wallet should I use to store SNM tokens?
Can participate in the crowdsale without creating an Ethereum address?
No, because SNM is a token issued on Ethereum blockchain, so you need to have an Ethereum address to receive and store your SNM tokens. You can use any Ethereum wallet: Ethereum wallet, Mist, Parity, MyEtherWallet.com, Jaxx or any other wallet where you have access to the wallet private keys.
Do not deposit Ethereum to the ICO using the cryptocurrency exchange account!!! You don't own your cryptoexchange ETH address private key, so will not be able to access your SNM tokens!
Can U.S. citizens participate in the token sale event?
No, residents of the United States can't participate in the SONM tokens distribution because of the US laws.
You can participate in the SONM ICO if you are neither a U.S. citizen or permanent resident of the United States, nor have a primary residence or domicile in the United States, including Puerto Rico, the U.S. Virgin Islands, and any other territories of the United States.
What kind of escrow will you use during the ICO?
SONM tokens will be issued automatically via Ethereum smart contract. ICO smart contract code on GitHub will be public and available for audit by anyone.
What is the legal structure of SONM project?
SONM is incorporated in Singapore.
SONM team is international, our team members and advisers are located all over the world. Main operational and development office is currently located in Moscow.
Will tokens be available on the exchange after the token sale event?
It depends on the crypto exchanges decision to list SNM tokens. We are already communicating with some major cryptoexchanges regarding the SNM tokens trade. Token will be issued on Ethereum blockchain (ERC20), and it will be available for transfer and trade almost right after the ICO.
How to migrate SONM preICO tokens (SPT) to SNM tokens?
SONM pre-ICO participants will be able to migrate their pre-ICO tokens (SPT) to SNM tokens using the ICO smart contract migration function at the rate of 1 SPT = 4 SNM. (accordingly last editing in token price and increase in the total number of tokens to 444.000.000)
Detailed pre-ICO tokens migration instructions will be made available on the ICO page: ico.sonm.io.
What is the minimal amount of funds to be collected during the tokens distribution?
The cut-off for funds gathered during ICO is $3 000 000, if this is not reached - the money will be refunded to the participants
What will happen if not all available SNM tokens will be distributed during the ICO?
In case of the maximum ICO funding cap not being reached, tokens distribution (bounty, SONM team, SONM ecosystem) is proportional to the number of SNM generated during the ICO
Will there be more SNM tokens issued after the crowdfunding?
No token creation, minting or mining will be available after the crowdfunding period. At the end of the ICO, SNM token creation will be closed permanently.