What is Saturn Black ?
It is no news that a storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Saturn, a platform for direct cross-chain exchange of crypto assets has arrived.
Saturn's Sale Token Platform
To create a liquid market for less liquid crypto assets, Saturn Platform launched a Token Sale
As part of the launch of the Saturn Platform, 1,000,000,000 XSAT was issued, of which 750,000,000 were offered for purchase during the Sales Token.
XSAT is a liquidity token from the Saturn Platform.
The token liquidity model is based on flexible exchange options for more than 300 crypto active assets, within the Saturn Platform and free XSAT conversion to the main assets quoted: Bitcoin, Ethereum, US Dollar.
The team plans to use the funds collected in exchange for XSAT tokens, to ensure asset liquidity requested by the community. For this purpose 51% of assets will be used, from the total amount of assets collected.
The remaining part of the collected funds will provide reserves that will be used for the development and progress of the company.
One of the main challenges really that has been slowing down digital currency exchanges between one digital asset to another was because the digital assets are powered by different blockchains which makes them incompatible with each other for a seamless exchange. The Saturn Black's partnership with Atomic swaps is a solution to the problems and in case you do not know, platforms such as Saturn cross chain exchange are working towards improving digital assets exchanges using atomic swaps."
With that being said, the creation of a qualitatively new, liquid and safe over-the-counter market is the main purpose of Saturn, and this has instigated the launching of Exchange and OTC trading Platform for Cryptocurrencies based on cross chain protocol of exchange Swap. The plans of the Saturn team to provide of P2P exchange services for traders, investors, companies and brokers.
SATURN Exchange will introduce a voting technique in which traders will be able to vote for their chosen coins / tokens for listing on the stock exchange, which will greatly help in listing only projects with great potential and community support. Recently, it was observed that some coins were removed from the current exchange platform as a result of low liquidity and trading volume.
Sales Tokens are planned in 3 stages:
This phase starts on November 17, 2018 and will be completed after the launch of the Saturn OTC Platform, while collecting the minimum capitalization required for the next stage and platform development.
will begin after the completion of Personal sales and the atomic swap swap launch from XSAT tokens on the Saturn platform. Pre-sales will continue for 2-4 weeks. With the opening of sales to various buyers, we plan to implement XSAT atomic transactions with 100 cryptactive assets.
Our team plans to open Presale in mid-December. The final decision about the start date of the stage will depend on fulfilling the objectives set by the team at the Personal sale.
Initial Public Sales are scheduled for January 2019. Our team must do a lot of work in all previous stages, so it is not possible to determine the exact date of the opening of Public sales. In the Public sales stage on the Saturn Platform, it will be available to purchase XSAT tokens in return for around 300 crypto assets.
At each stage, the price of XSAT and a list of received crypto active assets are different. Up-to-date information about cost changes and the start of a new phase will be available on the project's website.
After completing the Sales Token, the Saturn team will continue implementing the road map article. The XSAT Token will be available for trading on our platform, after completing the Sales Token. Also, during project implementation, following the principles of reasonable prices, we plan to place XSAT on the popular crypto exchange.
Another approach of the SATURN team to increase the cost and value of the project is to include in some other higher-level cryptocurrency, in which this confirmed the readability of the SATURN project as one of the best. With this approach, the SATURN team will not have any manipulations with the value and value of the token.
The SATURN project introduced many features that will be preferred by owners of XSAT tokens and platform users, such as software for asset exchange and exchange.
Bitcointalk thread: https://bitcointalk.org/index.php?topic=5075635.0
- Saturn Official Group: https://t.me/saturn_ENGchat
- Saturn Official Channel: https://t.me/saturnblack
- Saturn Official Bounty: https://t.me/joinchat/JdHS-FjKRv21ihGR2y8ZyQ
Bitcointalk username: differup
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2535178
Eth Address: 0x3685ff77f8e4deEc9abe29ceA15E33209863d4CD