Decentralized Lead Generation Service Snovio Announces ICO
Snovio, the world’s first decentralized lead generation service, is launching a token sale starting October 3rd which will last for a month or till the hard cap of $15 million is reached.
Many companies are looking for a fresh solution when it comes to lead generation. Snovio provides it, looking to solve the problems of low quality and outdated leads on the market, as well as to provide data suppliers a guaranteed revenue stream from the sales through crowdsourcing data collection and blockchain technology.
Email marketing, an industry very related to what Snovio is targeting, has a market of around $10 billion, and lead generation three times that. Both also have constant annual growth rates of 20 percent, showing the market potential for Snovio.
Participants can enjoy a 15 percent early bird bonus on the first day of the Token Sale, and a five percent bonus during the first week of the Token Sale. Starta Capital, an advisory firm that works with early-stage tech startups, will take the role of an Escrow agent guaranteeing the security of Token Sale participants.
Of the 2.5 billion tokens generated, 1.5 billion (60 percent) SNOV tokens will be sold at a price of $0.01. The remaining breakdown is as follows: 28 percent of the tokens are reserved for the team, 10 percent for early contributors, one percent for marketing and Token Sale promotion, and the last one percent to partners and advisors.
Snovio looks to raise $15 million in funding, but anything above $5 million will be considered a success. Anything below will be returned to the owners via smart contract.
Significant portions of the funding will go towards developing Snovio’s already functioning MVP, including the expansion of the team, and enhancing system efficiency. Assuming $15 million is raised, $5 million has been dedicated to marketing, which will include heavy presence at all events relating to lead generation.
Any of the 1.5 billion tokens not sold will be deposited into the contributor pool, ensuring that the total coin supply remains at 2.5 billion.
Participants can contribute using BTC, ETH, or LTC and other major coins. Most likely citizens and taxpaying residents of the USA will not be able to participate in this token sale. Residents of Puerto Rico, Guam, American Virgin Islands, and Singapore are likely to be restricted from Snovio’s Token Sale.
The team behind Snovio includes Project CEO Alexis Kratko, with a decade of experience in email marketing and lead generation, as well as Daria Shevchenko, who also has expertise in both spheres, but in an international sense.
You can find out more about the project here.
