Hi Satopay community,
First of all I would like to apologize to our investors and Satopay team, Past few days have been tumultuous for us personally as well as professionally, But lets not get into what's done rather lets focus on what lies ahead of us and consider this as an opportunity to make the best out of what's in hand.
As previously announced SatoPay will enter Defi and this wont be just any defi product that relies only upon yield farming and staking but has no actual use case.
We at SatoPay team are proud to announce SPY(Sato Pay Yield)Token.
SPY is the governance token for Satopay Ecosystem. SPY utilizes advanced protocol to ascertain holders are rewarded for staking and withal given privilege to participate in on-chain voting, hence fully community-centric. The platform automates earning via staking and enhance safety of funds with secured security system.
Satopay Yield is designed to be a community driven token where the complete focus of STOP token in our dual token economy will be on transaction volume via our SatoPay payment gateway while SPY will be used to reward our loyal community members, STOP holders & business owners who take benefits of holding STOP by earning passive income in SPY.
Maximum Supply: 780000 SPY
Presale: 100000
Staking Rewards For SPY Holders 200000
Liquidity: 50000
Air Drop for STOP Holders & Liquidity Providers 300000
Merchant Development Program 130000
ICO Price: 1 SPY= USD 0.3
Uniswap Listing Price= USD 0.53
70% of the Eth raised during presale will be used to provide liquidity on Uniswap & Rest will be utilized for promotional activities.
Apart from small allocation for ICO, SPY is the net yield token for SatoPay Ecosystem & can only be attained via staking, by holding STOP Tokens or by providing liquidity to STOP/ETH Pair on Uniswap. Team will have zero allocation for SPY and marketing and listing for SPY will be covered under the budget allocated for STOP.
Further Details will be shared with the community in next few days.
Our new whitepaper which has additional details & use case of SPY and certain changes in our plans is updated on our website, a more elaborate technical paper will be released along with our MVP.
UPCOMING EVENTS IN SEPTEMBER:
1- STOP Listing on Top Tier Korean Exchange.
2- SPY ICO & Airdrop Schedule For SatoPay Holders.
3- SPY Listing on CEX
4- MVP release for community.
5- STOP & SPY Exclusive wallet launch
6- STOP Staking goes live.
We are working on few more things including associating with some well known crypto casinos and other Ecommerce websites but lets keep them for the month of October as they are still in their early stages.
Thank You for your continuous support, we hope to serve our community better in future.
SATOPAY TEAM.
Website: https://satopay.network/
Telegram : https://t.me/SatoPay
