📢 Important Announcement: SATIN Token Project Closure

Dear SATIN Token Community,

After almost 3 years, we regret to announce that the SATIN Token project will be officially closing in 6 months from today, on 31st December 2024. This will give everyone enough time to decide what to do with their assets, since this has been broadcasted on all social media (Telegram, Instagram, Twitter).

Despite our best efforts, the project did not gain the necessary traction and we have made the difficult decision to cease all development. We want to emphasize that our team did not receive any financial compensation from this project, and as you know, the project development was entirely funded by the developer team which is willing to take this loss.

🔸 What You Need to Know:

🟢Withdraw and Sell: You are encouraged to withdraw and sell any remaining SATIN Tokens you hold.

🟢Deadline: All remaining liquidity will be terminated and the project will be completely shut down after 31st December 2024.
We deeply appreciate the support and engagement from our community throughout this journey. Thank you for being a part of the SATIN Token project.

Next generation decentralized cryptocurrency

“The future belongs to the brave” – Ronald Reagan

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SATIN at Dubai Crypto Expo 2022

We had a very productive trip, we managed to engage lots of persons and also a developers/constructors who agreed that theoretically would would accept payment in SATIN for their constructed units

What is Satin?

Satin is a utility cryptocurrency token built on BEP-20 token standard on Binance Smart Chain which aims to provide decentralized means of payment for Real Estate assets, Fintech solutions and also other tangible and non tangible assets or services thereof.

Currency
Traditional Assets
Digital Goods

What makes SATIN different?

Unlike other cryptocurrencies startups which typically hold 30%+ for their founders, SATIN’s founders will only hold a fixed 9% of the tokens to recover their initial  investment, while 15% of the tokens will be in a reserved wallet destined exclusively for burning a yearly amount  to compensate inflation which will lead to the token’s value to increase and automatically increasing it’s holders value.

Secondly, SATIN is also designed to represent a payment method for acquiring real estate assets, a unique feature not shared among other other cryptocurrencies.

Protecting Investors' Interests

SATIN has been designed to stand out in the cryptocurrency world through intricate Tokenomics and tools for price stability and its holders safety. The built-in features of SATIN aim to generate long term price stability. While it aims to be stable on the long run, its utility and portability will be unmatched.

 

Among various tools meant to protect SATIN token holders, please observe:

  • Between 1% and 4% of the total supply will be burned from the special burn account in order to counter the inflation phenomenon

A glimpse of the future

The ultimate goal for SATIN is to be a global cryptocurrency for acquiring real estate and other tangible and intangible goods.
Our vision spreads far beyond the classic “buy and hold” pattern which has been formed over the years. While its holders are free to store their tokens for as much as they like, we also believe that cryptocurrency does its job best when it’s moved around.
Our future plans include public notaries gaining trust in SATIN and establishing wallets in order to facilitate sale purchase agreements.

What Stage are we at?

January, 2021 Platform Idea
The origin of SATIN platform idea. Development of the concept and business plan.
February - April, 2021 Attracting investment, fundraising and IT specialists
Gathering investment sources, fundraising and initial development with IT specialists - drafting the SATIN wireframe
May - June, 2021 Legal compliance research
Review of various jurisdiction compliance. Selecting eligible countries for SATIN token deployment. (for further details, please read Terms and Conditions)
July - August, 2021 Launching SATIN Marketplace and Consolidating Advisors Team
Attraction of advisors. Development of the SATIN platform. Technical audit. Development of the cyber protection mechanics. Development of a pilot application SATIN for the future platform.
August - November, 2021 Trade Enquiries
Development of a SATIN token, tokenomics calculus, total supply, smart contract and selecting appropriate blockchain fork to build the token on
November 2021 - January 2022 Preparation for ICO - a.k.a Initial Coin Offering or Pre-sale
Preparation for ICO. Development of a smart contract for SATIN token release. Pre ICO conducting. Continue the development of the platform. Financial ecosystem formation.
February - March 2022 ICO duration
ICO conducting between 1st of February and 1st of March. Continuing the marketing campaign to attract end-users.
March, 2022 Integration with Binance Smart Chain
The platform integration with Binance Smart contracts blockchain.
April-May, 2022 SATIN official deploy
Official SATIN token launch. Post-launch marketing steps.
June, 2022 Development of SATIN brand and signing partnerships
Further development of the ecosystem (Goals: 30+ partners, 150,000 active users).
July - September, 2022 SATIN further growth
Developing an Application Programming Interface (API) in order to integrate SATIN with international payment providers.
November, 2022 Retrospective and preparing upcoming steps
1 year retrospective analysis since development and consulting the community regarding upcoming steps. A vote system will be implemented whereas the token holders can vote in a democratic poll-type system what will be the adequate steps in order to grow the Satin Network
January, 2023 Further Development
Further development of SATIN ecosystem (Goals: 1,000+ partners, 1,000,000 active users).
February - April, 2023 Real Estate integration
Developing a secure network which allows the payment of real estate assets with SATIN
April - July, 2023 Development of own blockchain
Developing own SATIN Blockchain

SATIN token Structure

70%
Distributed to Community
15%
Locked Reserve for burning inflationary tendencies each year
9%
Founders and Team
3%
Advisors
3%
Marketing campaign
Pre-Sale

18th of February 2022 / 11PM UTC to
25th of February 2022 / 11PM UTC

Token Sale

Will begin on 1st of March 2022 / 2PM UTC – approximately, subject to minor changes

Supply

45,000,000,000 SATIN

Price

To be determined by market at Launch

Maximum Goal for PRE-SALE

Hard cap: $150,000
Soft cap: $75,000

Goal with fully diluted market cap
$50,000,000
Accepted Currencies

BNB – Binance Coin at Launch, followed by USDT, BTC, ETH and many others

Token Distribution Date

To be announced

Emission Rate

No new tokens will be created. The total supply will be fixed, ensuring holder’s interests are protected.

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