WHAT ARE SC TOKENS
Sacred Capital runs on a 'mutual-credit' economy, which means every investment is backed by a corresponding debit i.e. a promise of utility.
SC tokens are bearers of this utility until the network activates in Q2 2019.
Sacred Capital's journey has been enabled by dozens of team members around the world who resonate with our mission and vision. The operational costs for these team members is borne by early stage funders who purchase the SCToken. Each SCT is an ERC20 token to maintain a record of capital placed and represents precisely 1.00 USD worth of credit on the SC Network on activation. On activation, each SCT converts to SCC, or Sacred Capital Credit, a value stable currency.
FUNDING TIMELINE
TERMS FOR PURCHASERS OF SCT
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Each SCT represents precisely 1.00 USD worth of SC credit when our network activates.
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SCT are issued to early-stage funders and team members of Sacred Capital as part of their contributions to the network.
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If you are an early stage funder, you would want to hold the SCT for three primary reasons
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A discount. This is a price incentive offered to those contributing to Sacred Capital at an early stage. This discount reduces as we approach activation. The discount is time variant and currently stands at 45%. This implies 10k USD invested at this stage translates to ~18k USD worth of value on activation.
- ​​Access to a value-stable currency system. SC Credits are backed by immutable, distributed computing power, thereby providing a value-stable asset. Speculators may look at this as an opportunity to invest in a resource that is unlinked to sovereign wealth systems.
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An opportunity to guide the future of Sacred Capital. Participants in our funding rounds are rewarded with a reputation score in our Programmatic Collective (see link for more details) as an added incentive to those willing to back us.
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To limit early stage volatility and anonymity in the network, the SCT is being offered to community members of Sacred Capital.
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If you would like to contribute as an early stage funder, use the form below to express interest. We will be in touch with details on how you can contribute.
