What is a protocol launch sale?
When we announce our intention of deploying Saturn Protocol onto a new chain, one of the first things we will do in terms of development is to create a new SATURN token specific to the chosen chain. We will then make 15% of the new token’s allocation available in a launch sale. The idea behind this sale which you could consider a mini ICO, is to raise funds to cover any chain specific development requirements. For example, when we chose to launch onto Ethereum Classic, we knew that we would need to develop a dApp browser first as ETC did not have one. If we were to have simply deployed our exchange without a dApp browser then no one would have been able to use it!
How does our protocol launch sale work?
There are no fancy procedures or rules to follow, all you will really need is funds available on the chain we have chosen to deploy on. We do not have any minimum investment or KYC requirements, when ready we will announce the price for the sale and the date it starts on. We will be sure to provide instructions on how to participate, but as we only work with blockchains that allow smart contracts you can be sure it will function in much the same way as our successful protocol sale on Ethereum Classic: send your coin to X address and receive your SATURN X tokens instantly. There will not be an end date, the sale will just keep going until the 15% has been sold.