The SLFEX token is planned for release on the Cardano network in late Q4 2021. The token will power the platform’s governance, incentive, and community network of creators and subscribers. The tokens will be capped at a 250 million supply. One year after creation, initial release proposals for token burn will be voted on by token holders.
- Governance: Token holders can express ideas for improvements and vote on proposals for changes to the platform. Each token will represent one vote.
- Creator polls: Token holders can also use tokens for voting within accounts they subscribe to. This will give them a voice and connection with content creators.
- Benefits: Tokens can also be redeemed for early access to channels, SLFEX courses, and NFTs.
- Community incentives and rewards (52%)
These tokens will be unlocked at launch and distributed over time with various reward programs and creator incentives.
- Founders (15%)
2-year lockup with 20% monthly release following lockup.
- Round 1 (16%): Seed contributors (presale)
These tokens will have a 1-year lockup and 15% monthly release following expiration of lockup and 5% release 1 month after public sale and 5% at platform launch. These tokens will include lifetime premium perks subscription. SLFEX plans to conduct the presale in two stages. The first will seek partners aligned with the SLFEX mission who are looking to purchase and hold larger blocks of tokens. The second stage will allow smaller purchases by early enthusiasts with the goal of encouraging token price stability by preventing speculative accumulation by whales.
- Round 2 (8%): Contributors
for contributors to project These tokens will have a 6-month lockup with a 15% monthly release following expiration of lockup and 5% release 1-month after public sale and 5% after platform launch. Lifetime premium perks subscription.
- Round 3 (4%): Private round
before listing on market - These tokens will have a 3-month lockup with a 15% monthly release following the expiration of lockup and a one-time 5% release 1-month after public sale and one-time 5% at platform launch. Lifetime premium perks subscription.
- Round 4 (5%): Public sale
The initial public sale is targeted for early 2022.
SLFEX is targeting a funding goal of $2M raised on the Cardano network using ADA. The monies raised during the funding rounds will be used to develop and finance human resources, legal, business, marketing, software development, and infrastructure buildout, and operations. Capital allocation will be solely based on good faith efforts to grow the SLFEX network and platform. Once the fundraising goal is met, SLFEX will begin platform development and pause further fundraising while it evaluates opportunities for growth and strategies for maximizing token value for existing holders. In the interest of expanding public participation and decentralizing decision-making, SLFEX plans to launch the public sale even if the initial fundraising goal is met. SLFEX is targeting a token value of $0.98 for the public sale. With that target in mind, SLFEX anticipates the following lockup periods and target prices for participants in each funding round:
- Round 1 (Seed): 1-year lockup with target price of $0.10
- Round 2 (Contributor): 6-month lockup with target price of $0.20
- Round 3 (Private): 3-month lockup with target price of $0.30
- Round 4 (Public sale): no lockup with target price of $0.98
Historically, corporations in centralized platforms have been the beneficiaries of the creative capabilities of others. SLFEX aims to utilize blockchain technology via the Cardano Network to align with the interests of creative talent and their platform. Powered by the proprietary smart contracts of Flanr, creators don't pay any fees on this new platform for self-expression. NFTs also present a new opportunity for an ongoing, royalty-based revenue for creators. Additionally, creators benefit from copyright protections that are missing from most platforms.
Community members will also benefit because they will have access to and connection with creative content providers like never before. Using the SLFEX network and payment system will ensure that the community is actually supporting the creators they believe in. Likewise, the addition of NFTs will provide new opportunities for specialized content and special benefits. Utilizing the SLFEX token, users also have the opportunity to vote and collaborate with creators to ensure the long-term success of the platform. This support for creators, coupled with a new way to connect with subscribers, will promote a happy ending for everyone.
For presale purchases of tokens, SLFEX intends to satisfy due dilligence requirements by requiring KYC and indemnification to ensure that it complies with potential requirements of the Securities and Exchange Commission (SEC).
KYC (Know-your-customer) Whitelist
Identity proof with photograph and an address proof are the two basic mandatory KYC documents that are required to establish a user’s identity.
Participants in any funding round will be required to acknowledge the following legal disclaimer:
I acknowledge the following:
This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of Tokens to any U.S. Person (as defined below) or in the United States or in any other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the laws of any such jurisdiction.
THE TOKENS HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE US SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATIONS UNDER THE SECURITIES ACT).
Additionally, I acknowledge and agree to provide the following representations and warranties:
(i) I am not a U.S. Person and the Tokens have not and are not being offered to me in the United States;
(ii) I am acquiring the Tokens for my own account and not with a view to resale or distribution, either directly or indirectly, in the United States or to or for the account or benefit of a U.S. Person;
(iii) At the time I submitted my purchase order, I (and my authorized signatory, if applicable) was outside of the United States;
(iv) At the time of any sale or other transfer of the Tokens, I am not and will not be an affiliate of Flanr or SLFEX (each as defined in the Token Purchase Agreement);
(v) I am not a party to any contract, undertaking, agreement, or arrangement (collectively, “Arrangements” and each, an “Arrangement”) with any person to sell, transfer, or pledge to a U.S. Person any Tokens, and have no present plans to enter into any such Arrangement.
(vi) I have reviewed the legal disclaimers, notices and terms & conditions of the SLFEX Token provided on the website and have agreed to all terms & conditions stated herein.
Safe Harbor Statement
This document may include projections, predictions, estimates or other information that might be considered forward-looking. While these forward-looking statements represent our current judgment of what is likely to happen in the future, they are subject to risks and uncertainties that could cause actual results to differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect our opinions only as of the date of this presentation. Please keep in mind that we are not obligating ourselves to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events.
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