Initial Coin Offering (ICO) Details
In order to raise the required funds to launch the project, Sunset will start with
two distinct sale events: a private sale and a public sale.
The initial token price of SNS will be 0.00001$ making it worth of a $10,000,000
($10 million) initial market capitalization. The initial price is a balanced representation
between the token total supply (1 trillion SNS) and the value of the project at its the
current state of development and its potential. This initial token price will be the price at
launch. Early investors will be able to acquire SNS at a discount.
The ICO of SNS will happen in two distinct sale events, a private sale and a public
sale. The schedule of these sales is yet to be determined and will be announced and
promoted at the website and all the official Sunset social media. The private sale will be
limited to a number of investors who will benefit of a 20% discount when acquiring SNS.The public sale, aimed to institutional investors and the general public, offers a discount
of 10% to the early contributors.
The soft cap, the minimum amount of funds the ICO needs to raise to become
successful is established to be $2.5 million. The hard cap will be reached at $3.5 million.
In order to prevent a massive price disruption at launch time it was established
purchasing limits to the token. The maximum purchase amount will be limited to
$100,000 preventing a single wallet of owning more than 1.25% of the token total supply.