4 SOLLAR Token Donation
4.1 Token overview
The cryptocurrency economy has provided us with a whole new way to build new decentralized and decentralized infrastructure through the use of crypto tokens.
People are united to fund what they truly want and believe in, and as token holders, benefit from the growth of the usefulness and value of tokens.
SOLL is issued by SOLA Corporation. Please note that SOLL does not represent SOLA shares and does not grant holders voting rights, dividends or profit sharing rights of any SOLA entity.
SOLL is a crypto token that can be used as a fuel to power all services provided by the SOLLAR platform.
The best of these services are businesses that eliminate structural poverty from humanity.
SOLL has one function: (Goal)
1. A crypto token that encourages participants in each program to alleviate poverty and provides a rating scale.
As participants gradually move to a decentralized platform, we expect that SOLL can be the recommended standard token used to pay for all services offered by the broader financial industry. |
SOLA will consult with multiple financial institutions, Fintech startups and partners to make SOLL the recommended settlement token for future and existing financial services.
4.1.2 Tradeable listed assets
SOLL will be able to trade on SOLA trading platforms and on other exchanges. Listing SOLL on various exchanges is another way we expect to increase token usability through liquidity.
4.1.3 Exclusive interests of holders
Finally, as an additional incentive, SOLL holders will receive regular promotion, discounted commissions, preferential access to new products / services and future ICO / token sales that will help SOLA launch. You will get an investment opportunity.
4.2 Token sales conditions overview Under consideration of this section (Token names are pseudonyms, codes are temporary codes, and numbers are all temporary numbers.)
Token name SOLL
Code SOLL
Total number of issues 1,000,000,000 SOLL
Token sales price
1 SOLL = 0.001 ETH (However, a special discount of 20% will be given for purchases within the sales period described in section 4.3)
Notices ERC-20
Tokens based on Ethereum
Token maximum sales 350,000,000 SOLL~350,000 ETH
Token minimum sales 50,000,000 SOLL~50,000 ETH
Use of funds Section 4.4
4.3 Token sale process Under consideration of this section
Token issuers are experiencing cyber attacks, hacking and spoofing that can lead to millions of dollars of theft, and the number is increasing day by day. The reason is that the current ICO platform does not have adequate security measures in place for buyers to deposit and transfer funds. Typically, the deposit moves from one ETH address to another without going through proper KYC checks. In many cases, a single public address is used as the address to which buyers send purchase funds. Hackers and scammers use this to post fake ETH addresses to the forum, and token buyers unexpectedly move the cryptocurrency to the hacker's address.
To ensure this is prevented in our token sale, we will take strict precautions to ensure a safe and secure process for all token buyers. We plan to conduct token sales only through QRYPTOS, our secure trading and exchange platform.
All buyers except Japanese residents need to open an account on QRYPTOS in order to securely transfer virtual currency and participate in the SOLL token sale.
The registration steps for opening an account on QRYPTOS and participating in the token sale are described on the next page.
Information about participation in token sales by Japanese residents will be announced separately from SOLA Corporation.
|
1.Please note that once a purchase order is made, it cannot be withdrawn or canceled.
2. The SOLL token sale starts on December 30, 2019 at 00:01 am Japan time (UTC + 8 hours) and ends on March 15, 2020 at Japan time (UTC + 8 hours) 23:59 am (Sales period).
3. If the total number of purchase requests exceeds the maximum number of sales within the sales period, SOLA will prorately distribute SOLL according to the percentage of purchase requests.
4. If SOLA is unable to meet the minimum token sales of 50,000,000 SOLL within the sales period, SOLA will refund the deposit, excluding handling and / or network fees.
4.4 Use of funds Under consideration of this section
The ownership of the token ownership right after the token sale is as follows (first year).
Thereafter, by the fifth year, SOLA will distribute all but 20% allocated to management / SOLA shareholders.
Funds will be used for liquidity (50%), product development (20%), operations (15%) and legal / regulatory compliance (15%).
Token allocation diagram
First year
15% Strategic partners
/ institutional investors (long-term holders)
20% Management / SOLA shareholders
30% Community / Ecosystem
35% sales
 |
5th year
20% Management / SOLA shareholders
80% general sales
 |
Use of funds
fluidity 50%
product development 20%
Product Development 20%
Operations 15%
Legal/Regulations 15%
4.5 SOLL block chain Under consideration of this section
SOLL is initially built on Ethereum's ERC-20 token standard.
By the fourth quarter of 2020, SOLA aims to build its own blockchain (SOLL blockchain) that incorporates specific financial industry requirements.
All SOLA services will be migrated to the SOLL blockchain, and existing SOLL based on ERC-20 will be replaced with newly created SOLL tokens on the SOLL blockchain.
SOLA creates financial services based on SOLL-based blockchain. As many FinTech services will use the SOLL blockchain, we expect that SOLL will become the best cryptocurrency by growing the ecosystem of financial services providers and thus increasing the usefulness of SOLL.
|
