Bancor

TL;DR

• Proposal to whitelist Sator token

• Sator is a social utility token powering our next generation content engagement metaverse

• There are no apparent security concerns that would prohibit whitelist status

• Proposing 100K BNT Co-Investment.

SAO token address:

Solana

2HeykdKjzHKGm2LKHw8pDYwjKPiFEoXAz74dirhUgQvq

Ethereum

https://etherscan.io/address/0x3ef389f264e07fff3106a3926f2a166d1393086f

Project Website: https://sator.io

Sator

Sator is a decentralized application designed to scale and expand linear content (Television, Film, Music, Streamers) to a more immersive content engagement experience. Audiences are incentivized by social utility token rewards (SAO) and content-based NFTs in the Sator dApp marketplace. Content creators, producers, and content rights holders simultaneously grow audience and global reach. Sator Network (SAO) runs on Ethereum and Solana, utilizing Wormhole bridge for bidirectional transfers and cross-chain interoperability. Sator contributes to the ecosystem as a whole by pioneering NFT utility in traditional media/television/film/music content and by incentivizing centralized rights holders to diffuse value throughout the ecosystem.

Sator addresses the greatest pain points in content: viewership growth, viewer engagement, subscribership growth & retention. Plus, Sator is the first mechanism to align the interests of content viewers and distributors by rewarding them both for their respective contributions. Sator also pushes NFT innovation ahead by embedding show-specific NFTs with extremely unique utility, profile-display features, and experiential relevance. Sator is building a content engagement metaverse — the Satorverse.

Sator Team?

Sator’s world-class team of 20+ includes top engineering talent, designers, marketers, to name a few.

Sator Founders met at Consensus 2017 and immediately bonded over the future of blockchain. In the years that followed, ideas and research were shared. A group of television producers asked the Sator Founders “how blockchain can help grow and retain viewership” and that catalyzed early thinking about how Sator unlocks potential at the intersection of content and crypto.

Sator Future Plan?

Sator beta is still going on for about 1 more week if you’d like to practice earning and using testnet tokens. Plus, all beta users will receive an airdrop as Thank You upon the conclusion of beta/launch of mainnet. Sator mainnet dApp launches around 11/7. Mainnet launch onward, Sator users earn crypto for engaging with content. Major TV, film, and music partnerships announce — a handful in Nov, then dozens in January.

Tokenomics

Sator’s native token, SAO is built on Solana with a bi-directional bridge to Ethereum (Wrapped ERC20) through Wormhole bridge. Users engage and earn $SAO in our decentralized application, which is directly supported by SAO token.

The SAO token has a total supply of 500,000,000 tokens. Our initial circulating supply will be less than 4% of those tokens, approximately 20 million SAO. We will not burn tokens.

Tokens will also be distributed in a fair method, without the risk of whales dumping them on the new line of investors. Investors and team stay locked for 1 year before incremental monthly unlocks, making it impossible for investors and VCs to dump the token.

The owners and the team will only receive less than 13% of the whole token distribution, and their tokens will be freed up in a fair and calculatable structure over 4 years time, with no option to sell in the first 11 months.

Community

Sator is currently in the middle of the whitelisting process on DexLab, with lots of support from our community. Sator’s GenShards NFT offering has also completely sold out as of last week. Sator plans to list on Uniswap on 11/7, Gate on 11/7, and Bancor shortly thereafter.

Coinvestment

As SAO is a very new token, we propose to start with 100K BNT Co-investment and will grow this when demand is met.

Benefits for Bancor

Sator’s mission and vision and both are very much in line with Bancor’s core values. DAO governance and decentralization, presenting a truly decentralized solution for as large a community as possible is just the start. Most important benefit for Bancor will be volume, as that is essentially what drives the fees that allow for Impermanent loss protection. Sator plans for Bancor to be our deepest pool on Ethereum and as a result we expect to get the most volume here.

We are confident that we can deliver value to Bancor’s users by introducing a token that will be successful thanks to our distribution, value centric tokenomics, and many use cases that SAO token will be supporting.