SelfieYo Gold Tokens, known as SGT, are an Ethereum based cryptocurrency utility token connected to the SelfieYo mobile social network. SelfieYo is a startup with apps on iPhone and Android the involve, among other things, earning points based on quality content shared locally.
The more points you earn, the more you can obtain SGT through SelfieYo. After the token sale is complete, SelfieYo will be announcing social media influencer programs designed to help early contributors who help us scale adoption worldwide.
Additionally, SGT serves as a method of buying new social filters within SelfieYo and creates an open, tradable ecosystem for users, major creators and holders of SGT. SGT will eventually be accepted by SelfieYo directly as a method of payment for social media brand campaigns on the platform.
The concept is to reward high achieving contributors, create an easy-to-leverage value proposition for brand partners and a system that utilizes the blockchain to help everyone involved in our growth participate in the value creation.
What are the high level tokenomic data points?
Total SGT tokens will never exceed 100MM. 50MM are being made available for the token sale. 1MM will become available after the sale for the in-app utility earners and 49MM will be held in SelfieYo for the company.Of the amount held internally, all will be subject to a 4-year vesting schedule contained in the smart contract.
What makes SGT different from other token sales?
We're very proud of the fact that we are much more than just a conceptual idea doing a token sale. SelfieYo is a real product with a real development team that has been executing for several years.We are taking a rigorous approach to compliance in the token sale because we believe that, in the long-run, the companies that do this right have the opportunity to be a part of shaping the next generation of Internet technology for a very long time to come.
We don't want you to buy SGT if you're blindly hoping for some magic. Software development takes a lot of work. Building social engagement, real partnerships and a genuine, sustainable business takes time and money. We are committed to doing some big stuff, but this doesn't happen overnight.
We think there is room in the market right now to be a part of a group of blockchain cryptocurrencies that raises the bar for token sales and builds a community of intelligent token holders that understand the importance of long-term thinking, functional product and the ability to execute everyday on a global vision.
SelfieYo will retain a large portion of SGT in its own reserves and the entire reserve amount is controlled within the smart contract by a 4 year vesting schedule. We believe this serves to establish everyone's long-term interest alignment in making SGT a market leader within the cryptocurrency community.
ERC20 Token Sale
The SGT token presale starts in July and the STO will run through Q4 of 2018, as needed. You must complete verification with our whitelisting process to purchase.
Beginning Q4 2018 or sooner
Accelerated Development & Integration
At the completion of the token sale, significant resources will be devoted to the tokenized feature development and SGT integration. Accelerated engineering efforts to bring the social content and business blockchain add-ons into the platform will begin after the STO.
Beginning Q1 2019
Crypto Exchanges & Influencer Marketing
Application, review and exchange auditing will begin as soon as practical. Influencer marketing programs tied to the in-app earning of SGT rewards will occur around the same time.
Beginning Q2 2019
As soon as all of the other components are complete, we'll begin building media partnerships around in-app SGT rewards on the blockchain. Traditional campaign planning and participation rewards will apply as available.
Beginning Q3 2019
Campaign Sales Programs
We will build out a sales organization, brand and agency partnership program beginning in Q3 2019. The goal will be to extend the network tools for brand partners to integrate into the SGT ecosystem to run their own campaigns, activations and reporting.
2018 - 2021
SelfieYo Team Vesting Schedule
The SelfieYo team, founders and advisors are subject to a 4-year vesting schedule that is contractually bound by the SGT ERC20 escrow contract. We are committed to building a long-term, sustainable marketplace around the social network, influencers, brand partners and SGT holders. We encourage all participants to review the smart contract code, which is open source and available on GitHub.