Sandblock ICO (SAT)
Consumer's Satisfaction Reward
Merchants will also have access to a large amount of anonymous data about their customers' shopping behavior. Using this data, merchants will be able to improve their offered products and services and better understand the preferences of their customers.
Start Date
01 Mar, 2018
End Date
16 Jun, 2018
Sandblock Score Analysis
Sandblock proposes an innovative solution for customer loyalty by having personalized tokens for every brand that give brand-specific rewards but can also be traded for other brand tokens with other people on the platform or can be converted into Satisfaction Tokens. This could give Sandblock an advantage over centralized competitors in the customer loyalty market who don't have such flexible systems. Sandblock has already released a mobile app where people can play games and earn Satisfaction Tokens for free. The team has experienced developers but relatively inexperienced marketers and management. Despite that, Sandblock's marketing is excellent and evokes a very positive response from the crypto community.
Sandblock Use of Token
Satisfaction Token (SAT) is Sandblock's native token. SAT is an Ethereum based ERC20 token. There will be a total of 55 million SAT tokens. 50% of all tokens will be offered for sale via the crowdsale (unsold tokens after the end of the crowdsale will be burnt via the smart contract), 30% will be reserved for partners' incentives, 12% will be awarded to Sandblock's team and advisors, and the remaining 8% will be reserved for bounty campaigns. The SAT token will act as a bridge between Sandblock's ecosystem and the rest of the world's economy. Businesses partnering with Sandblock will create their own branded tokens which will be pegged to the SAT, purchased via the ICO or on public cryptocurrency exchanges. Branded Tokens will grant customers various rights and privileges including paying, voting, rating, and benefiting from premium features on the platform. "
Organization
Sandblock
Platform
Ethereum
Coin type
Utility Token
Category
E-Commerce
Max cap
11,544 ETH
Max supply
19 500 000 SAT
Price
0.00033 ETH
Sandblock Token Sale Stages
- Stage
- Start date
- End date
- Amount of Tokens
- Price
- Discount
- Presale
- 01 March, 2019
- 11 March, 2019
- 8,000,000 SAT
- 0.000267
- 25
- Claim
- Sale tier 1
- 16 May, 2019
- 22 May, 2019
- 2,000,000 SAT
- 0.00029
- 15
- Claim
- Sale tier 2
- 22 May, 2019
- 16 June, 2019
- 2,500,000 SAT
- 0.000303
- 10
- Claim
- Sale tier 3
- 22 May, 2019
- 16 June, 2019
- 3,000,000 SAT
- 0.000317
- 5
- Claim
- Sale tier 4
- 22 May, 2019
- 16 June, 2019
- 12,000,000 SAT
- 0.00033
- Claim
Sandblock Distribution
Sandblock Use of Proceeds
Sandblock Team Members
Sandblock Advisors
Sandblock Past Events
- 01 July, 2019
The Sandblock project is initiated and the eight core team members join the adventure to build a decentralised consortium of merchants and customers. Technical research of feasability on the potential blockchains (public and private). The first technical architecture is created using the best candidate, the public Ethereum blockchain and its Smart contracts.
- 01 October, 2019
The second and third revisions of the whitepaper is published and shared with the community. A bounty program starts to help the Sandblock project reach a broader audience.
- 02 October, 2019
We begin taking interest notice from merchants, retailers, brands and various service providers.
- 01 November, 2019
Development of the Merchant Token contracts, consortium protocol and loyalty protocol. Contracts are deployed on the Ethereum Ropsten test network for internal/private testing.
- 01 December, 2019
Mockup and design of the customer application focusing on a user friendly experience for all kind of consumers (including non crypto friendly users).
- 01 January, 2019
The Sandblock project runs a public crowdsale to emit the Satisfaction Tokens and create the liquity for the future merchant partners.
- 02 January, 2019
Audit of the first implementations of the Satisfaction protocol. Development of the feedback protocol. Contracts are deployed on the Ethereum Ropsten test network for internal/private testing.
- 01 February, 2019
Development of the mobile application on iOS and Android. The first version includes the account and wallet setup, cryptocurrency payment using ETH, Merchant Tokens/loyalty programs management and merchant private feedback.
- 01 March, 2019
Development of the web dashboard dedicated to Merchants in order to help them integrate cryptocurrency payments, create, manage and configure their Merchant Tokens and its features.
- 01 April, 2019
SAT crowdsale finished and token distributed, SAT becomes tradable on exchanges. Partnership with 500+ points of sale and early adopters (brands, merchants, payment providers). Constitution of the merchants pilot group.
- 02 April, 2019
Audit of the first public implementation of the Satisfaction protocol. Contracts are deployed on the Ethereum Ropsten test network for public beta testing.
- 01 May, 2019
Release of the first version of the public application on the iOS appstore and the Android playstore using the protocol in beta phase on the test network.
- 01 June, 2019
Tests of the Merchant dashboard begin with the merchants pilot group.
- 01 July, 2019
First public merchant offer is release, target 2k+ online and physical points of sale from merchants partners using the Satisfaction protocol.
- 02 July, 2019
The first version of the protocol is released on the Ethereum main net. Pilot merchants programs are migrated from the test net to the main net.
- 01 August, 2019
Release of the first version of the public application on the iOS appstore and the Android playstore using the protocol on the Ethereum main net.
- 01 September, 2019
Release the forst version of the public dashboard open to registration for merchants and brands.
- 01 October, 2019
Intensify merchants acquisition, target 10k+ online and physical points of sale from merchants partners using the Satisfaction protocol.
- 02 October, 2019
Development and implementation of the advanced feedback protocol and the CSR protocol to help merchants engage more their customers through feedback and donations.
- 01 November, 2019
Development and implementation of the Marketplace to barter Merchant Tokens directly within the application.
- 01 December, 2019
Upgrade of the merchant dashboard to handle automatic token generation and Smart Contracts deployement. Implement the new protocol features for merchants.