Sifchain Token Sale Information – Legacy in progress

Sifchain Token Sale Information

Please read the terms of the token sale agreement and note that the sale is NOT open to the U.S. and OFAC blacklisted countries.

Rowan Token Details

The Rowan is the functional token of the Sifchain network. For convenience, Token Sale purchasers will be able to purchase wrapped Rowan tokens, eRowan, on the Ethereum network. All eRowan will be convertible to Rowan 1:1 on the Sifchain network when mainnet launches. All unsold eRowan will be returned to the ecosystem pool after the end of the sale.

Total Rowan: 1 Billion
Sale Minimum Contribution Amount: 1 USDT
Sale Maximum Contribution Amount: None
Accepted form of payment: USDT
Accepted wallet: Metamask
ERC20 Token Name: eRowan
ERC20 Token Symbol: eRowan
Total eRowan: 70 Million

  • Public Sale
  • Private R2
  • Private R1
  • Seed
  • Ecosystem
  • Team
  • Team Reserve

Investment Rounds

NamePercentageToken PriceRaise AmountFully Diluted Market CapLockup
Private R24.5% (45M Rowan)$0.03$1,350,000$30M0% for first month after launch of Sifchain mainnet, 1/12th per month for 12 months thereafter
Private R124% (240M Rowan)$0.0125$3,000,000$12.5M0% for first month after launch of Sifchain mainnet, 1/12th per month for 12 months thereafter
Seed4% (40M Rowan)$0.00625$250,0006.25M0% for first month after launch of Sifchain mainnet, 1/12th per month for 12 months thereafter
Ecosystem26.5% (265M Rowan)TBDTBDTBDDependent on Sifchain Core Team at the launch of BetaNet and SifDAO over time
Team10% (100M Rowan)0% for first month after launch of Sifchain mainnet, 1/12th per month for 12 months thereafter
Team Reserve24% (240M Rowan)0% for first month after launch of Sifchain mainnet, 1/12th per month for 12 months thereafter

*Note: The lockup countdown for the seed and private rounds, and the team and team reserve starts at mainnet, not BetaNet (which launches alongside the public round). During BetaNet, the tokens cannot be sold as BetaNet time does not increment the lockup countdown. However, the tokens can be used to delegate and collect validator income, which makes them useful for securing the network during BetaNet.

Token Sale Instructions

Step 1

Fill out the Sifchain Token Sale Registration form: https://tokensale.sifchain.finance

You will need to provide:

  • Personal Information (Name, Email, Address, etc.)
  • A Metamask wallet address from which you will send USDT and receive eRowan. Be sure that you have the private keys to this wallet.
  • Government Issued Photo ID
  • Proof of Address (Utility bill, bank statement, or paystub showing your name and address)

Step 2

Receive a confirmation email from us containing your confirmation code and referral program link.

Step 3

When the Token Sale begins, send your USDT contribution* through the Sifchain Token Sale Contribution App here: https://purchase.sifchain.finance. The app will only support Metamask wallets.

Having issues with your registration? Email [email protected].

!

Note: Applicants domiciled in any of the following countries/regions are ineligible to participate in the Token Sale: United States, Albania, Bosnia and Herzegovina, Montenegro, Macedonia, Kosovo, Serbia, Belarus, Burma, Crimea, Côte D’Ivoire (Ivory Coast), Cuba, Democratic Republic of Congo, Central African Republic, Iran, Iraq, Liberia, North Korea, Sudan, Syria, Zimbabwe, Yemen, Venezuela, Nicaragua, Mali, Burundi, Lebanon, Libya, Somalia, Sudan, and/or any other country or territory that is the subject of country-wide or territory-wide sanctions from the United States.

Timeline

Token Sale

Token Sale Registration Start Date: 11 January 2021
Token Sale Registration End Date: 24 January 2021, 11:59pm GMT**
Token Sale Start Date: 25 January 2021, 12:00 AM GMT
Token Sale End Date: 2 February 2021, 1:00 AM GMT

** Please note that KYC typically takes 2-3 business days. We recommend that you complete registration before January 21st if you want to participate in the sale by January 25th.

Security Notice: Do not send your contribution through any other means than the application linked above. We will never ask you to send your contribution without using the app. We will never communicate with you other than through official @sifchain.finance email addresses.

How are you pricing tokens?

The Sifchain Token Sale is implemented as a smart contract liquidity pool containing USDT and eRowan. This means that pricing of the eRowan token is determined dynamically based on the current balance of USDT and eRowan in the pool. As more eRowan is purchased (i.e. removed from the pool), prices will change in accordance with remaining supply.

Each hour before the end of the sale, we will add additional eRowan into the pool to increase supply*. We will aim to do this each hour before the sale concludes.

* Ethereum network circumstances permitting.

Starting Price: 0.03 USDT per eRowan
Starting amount of eRowan in pool: 8.75M eRowan
Start amount of USDT in pool: 26,250
eRowan to USDT weighted ratio: 10:1
Additional eRowan added to the pool each hour: ~364K eRowan
Total amount of eRowan to be sold: 70M eRowan

Why are we pricing tokens this way?

It is common for token sales to set a static token price throughout the duration of the sale, or tier the pricing based on the number of days since the sale began. This allows a token purchaser to buy tokens at a price that does not reflect the demand for the token from other purchasers. Further, it allows a small group of purchasers to purchase tokens before purchasers that enter the sale at a later time. It is our goal to ensure that every qualified purchaser has a chance to purchase tokens at a price that is commensurate with available supply and community demand.

Top Purchasers and Friends Program

We’re pleased to announce that Sifchain will be rewarding the top 3 purchasers of eRowan token in our Public Token Sale. Further, the purchasers who referred the top 3 purchasers will also receive token rewards. The purchasers who referred those purchasers will also receive token rewards. We will reward purchasers within 5 degrees of separation!

Example

Top Purchasers* and Friends Rewards Chart:
*Top Purchasers is calculated by total amount of USDT contributed to the Token Sale

NameStatusAward
Alice1st Top Purchaser3.5M
BobReferred Alice400K
CarlosReferred Bob250K
DanReferred Carlos150K
ErikReferred Dan100K
FrankReferred Erik100K
NameStatusAward
George2nd Top Purchaser2.5M
HaroldReferred George400K
IanReferred Harold250K
JaneReferred Ian150K
KatherineReferred Jane100K
LukeReferred Katherine100K
NameStatusAward
Mark3rd Top Purchaser1M
NancyReferred Mark400K
OswaldReferred Nancy250K
PeterReferred Oswald150K
QuintenReferred Peter100K
RalphReferred Quinten100K

Note: Only individuals who are eligible for the Public Token Sale and have passed KYC/AML checks will be eligible to receive rewards detailed above.

How to participate

Step 1

Fill out the Sifchain Token Sale Registration form: https://tokensale.sifchain.finance

Step 2

Receive a confirmation email from us containing your confirmation code and referral program link.

Step 3

Tell your friends and family about the Token Sale.

Step 4

When your friends sign up, be sure they use your referral link.

By the end of the Token Sale, if you are one of the top 3 purchasers or are connected within 5 degrees of separation to one of the top 3 purchasers, you’ll receive token rewards!

Sign up for Sifchain updates

Join our newsletter to get updates and learn about the newest options in cross chain trading.