SynchroLife

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ICO

Join us in bringing blockchain technology to the restaurant industry!

Our crowdsale for SynchroCoin (SYC) starts September 22, 2017 at 15:00 GMT and lasts four weeks until October 20, 2017 at 14:59 GMT.

Basics of the SynchroLife Crowdsale:

Token Name:
SynchroCoin (SYC)
Accepted Payment:
Ether (ETH)
Blockchain:
The SynchroCoin (SYC) is a ERC20 token issued on the Ethereum blockchain.
Utility:
The SynchroCoin will be used in the SynchroLife restaurant review and recommendation platform as a reward to users for their contributions (including, but not limited to: reviews, photos, restaurant information updates or corrections, and translations) to the SynchroLife platform, to buy digital coupons and gift cards for participating restaurants, to pay for meals at participating restaurants, and more. Please see our white paper for details.
Supply:
There will be a total of 100,000,000 SynchroCoin tokens created on the Ethereum blockchain. Of this total, 55,000,000 tokens will be distributed during the token crowdsale.
Funding Minimum & Maximum:
There is no funding minimum or maximum cap.
Minimum and Maximum Contribution:
There is no maximum contribution restriction. The minimum contribution restriction is 0.01 ETH.
Escrow:
All funds raised during the SynchroLife crowdsale will be held in a multisignature wallet with escrow.
You can read our more about our escrow here: https://medium.com/@synchrocoin/synchrolife-crowdsale-escrow-details-e0a42c4d1762
Price of 1 SynchroCoin Token:
There is no set price for 1 SYC. There is no set price for the SynchroCoin tokens, instead they will be divided and allocated based upon the total amount raised during the token crowdsale and how much each individual contributes. You can read more about how SynchroCoin tokens will be calculated and distributed below.

How Your SynchroCoin Tokens are Calculated — The Basics

The SynchroLife token crowdsale will be distributing 55,000,000 SynchroCoin (SYC) tokens. There is no set price for the SynchroCoin tokens, instead they will be divided based upon the total amount raised during the token crowdsale.

This means that all 55,000,000 SynchroCoin tokens will be divided and distributed amongst all the participants of the SynchroLife token crowdsale. So if you participate in the crowdsale, no matter how little or how much, you will receive a portion of these 55,000,000 SynchroCoin tokens!

All of the 55,000,000 tokens will be distributed, none will be “burned” or used in other ways.

The amount of SynchroCoin tokens each participant receives will be based on how much Ether (ETH) that participant contributed during the token crowdsale. In general, the more ETH you contribute the more SynchroCoin tokens you will receive.

Specifically, this will be calculated based on this equation:

ーーーーーーーーーーーーーーーーーーーーーーーーーーーーーーーーーーーー
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Number of SYC Tokens distributed to a participant = a*(55,000,000/c)
a = Total ETH contributed by a participant during the token crowdsale
c = Total ETH contributed by all participants during the token crowdsale
* Including contributions from the crowdsale presale
ーーーーーーーーーーーーーーーーーーーーーーーーーーーーーーーーーーーー ーーーーーー

How Your SynchroCoin Tokens are Calculated — Bonuses

In many token crowdsales, there is a set price for the token and it is offered at “discount” prices during different time periods (for example, a token being sold for 10 ETH will be sold at 10% discount for 9 ETH).

However the SynchroCoin token has no set price during the token crowdsale, so instead of discounts there will be bonuses that give you extra value for the amount of ETH you have contributed. This means if you contribute 10 ETH during a 10% bonus period, the 10 ETH will be counted as if you contributed 11 ETH when your SynchroCoin tokens are calculated!

The SynchroLife token crowdsale will have a time based bonus system, starting at 20% bonus and decreasing over time to 0%. Make sure to join early for the best bonus!

The SynchroCoin token crowdsale bonus schedule is as follows:

First 24 hours: 20% Premium Bonus
First Week: 15% Bonus
Second Week: 10% Bonus
Third Week: 5% Bonus
Fourth Week: 0% Bonus

How it Works — Examples

Now that you understand the basics, let’s look at an example.

Example 1 (without bonuses):
* Please note: The following is an example of how the value of SynchroCoin will be decided. Please note this is just an example and not the real number of SynchroCoin tokens to be sold.

Step 1. 100 SYC are issued to be sold during the token crowdsale.

Step 2. During the token crowdsale, Laura contributes 50 ETH, and Kim contributes 10 ETH.

Step 3. During this 100 SYC token crowdsale, a total of 60 ETH was raised. The value of 1 SYC is now 0.6 ETH (60 ETH/100 SYC). 1 SYC is distributed per 0.6 ETH contribution. In this case, Laura receives 83.333 SYC (50/0.6) for her 50 ETH contribution and Kim receives 16.666 SYC (10/0.6) for her 10 ETH contribution.

83.333 SYC + 16.666 SYC = 100 SYC, the number distributed during this fake example crowdsale.

By the way, any bonuses will be calculated during Step 2.
Let’s look at a second example with bonuses!

Example 2 (with bonuses):
* Please note: The following is an example of how the value of SynchroCoin will be decided. Please note this is just an example and not the real number of SynchroCoin tokens to be sold.

Step 1. 100 SYC are issued to be sold during the token crowdsale.

Step 2. During the token crowdsale, Laura contributes 50 ETH with a 20% bonus, and Kim contributes 10 ETH with a 0% bonus. Thanks to the bonus, Laura’s contribution is counted as 60 ETH, and Kim’s contribution is counted as 10 ETH.

Step 3. During this 100 SYC token crowdsale, a total of 60 ETH (50 ETH + 10 ETH) was raised.

But after the bonus, a weighted total of 70 ETH (60 ETH + 10 ETH) was raised.

The value of 1 SYC will be calculated based on the weighted bonus total.
70 ETH divided by 100 SYC means 1 SYC will be worth 0.7 ETH. So 1 SYC is distributed per 0.7 ETH contribution.

In this case, Laura receives 85.714 SYC (60/0.7) for her 50 ETH contribution counted as a bonus of 60 ETH. Kim receives 14.285 SYC (10/0.7) for her 10 ETH contribution counted as is (0% bonus).

85.714 SYC + 14.285 SYC = 100 SYC, the number distributed during this fake example crowdsale.

We hope we have helped answer some of your questions regarding the SynchroLife token crowdsale. If you have any additional questions please to not hesitate the SynchroLife Team at any time!

We hope you'll join us for the SynchroLife token crowdsale!

How to join the crowdsale:
The SynchroLife token crowdsale will be open ONLY on our official website (https://synchrolife.org). At the time of the start of the crowdsale, the official website will update to show the details of how to join the SynchroLife crowdsale. After agreeing to the terms of service listed on the site you will get all of the information on how to join (including contract address, recommended gas limit, and more).
Crowdsale Terms and Conditions:
To participate in the SynchroLife crowdsale you must agree to the terms and conditions of the crowdsale. The terms are avaliable at the following link, please read carefully before participating: https://synchrolife.org/SynchroCoin-Crowdsale-Terms-and-Conditions-2017.07.03.pdf
Bonuses (Discounts):
There will be a bonus for participants based on when they participate. Join early for the biggest discount!
20% Bonus・First 24 Hours (September 22nd 15:00 — September 23rd 14:59)
15% Bonus・September 23rd — September 29th
10% Bonus・September 29th—October 6th
5% Bonus・October 6th — October 13th
0% Bonus・October 13th — October 20th
Distribution of SynchroCoin Tokens:
Total Tokens: 100,000,000
Tokens distributed during crowdsale: 55,000,000 (55%)
SynchroLife Pool (Rewards): 20,000,000 (20%)
SynchroLife Business: 9,500,000 (9.5%)
Team, advisors, and partners: 9,500,000 (9.5%)
Early Investors: 5,000,000 (5%)
Bounty: 1,000,000 (1%)
Restrictions:
Please note that the crowdsale is not open to citizens or residents of the United States of America. We apologize for the inconvenience.
Use of Funds:
Funds raised during the SynchroLife crowdsale will be used for the following:
Development & UI/UX Design: 40%
Marketing: 30%
Management: 30%
White Paper:
You can read the SynchroLife white paper in English, Spanish, Russian, Chinese, Japanese, and Korean on our website here: https://synchrolife.org/whitepaper.html
When will tokens be distributed?
Tokens will be distributed to all crowdsale participants as soon as possible following the end of the crowdsale on October 20th, 2017. The escrow requires all SynchroCoin tokens be distributed to crowdsale participants before funds are released.
Official Social Media Accounts:
Follow our social media accounts and pages for the latest news and reminders regarding SynchroLife, SynchroCoin, and our crowdsale!

Website: http://synchrolife.org
White paper: http://synchrolife.org/whitepaper.html
Slack: https://synchrolife-slackin.herokuapp.com/
Medium: https://medium.com/@synchrocoin
Twitter: http://twitter.com/synchrocoin
Facebook: http://facebook.com/synchrocoin
Github: https://github.com/synchrocoin
Reddit: https://www.reddit.com/r/SynchroCoin/
Instagram: https://www.instagram.com/synchrocoin/
Bitcointalk Account: synchrocoin
Bitcointalk Main Announcement Thread: https://bitcointalk.org/index.php?topic=2006207.0
Bitcointalk Bounty Thread: https://bitcointalk.org/index.php?topic=2019476.0
iPhone Beta App — iOS App Store: https://itunes.apple.com/app/id557532449
Android Beta App — Google Play: https://play.google.com/store/apps/details?id=jp.co.synchrolife

How to Join the SynchroLife Crowdsale

Step 1:
Visit the SynchroLife official crowdsale website (https://synchrolife.org) at September 22, 2017 15:00 GMT once the crowdsale has started. The website will update to a new design once the crowdsale begins.
Step 2:
Once you have read the white paper (https://synchrolife.org/whitepaper.html) and fully understand the SynchroLife project, please click the red button on the top page that reads "Get Contract Address".
Step 3:
A pop up with terms and conditions will appear. Review all the terms and conditions of the crowdsale carefully. If you agree to the terms and conditions, check all the required agreements and click "Continue".
Step 4:
You will now be shown a pop up with the contract address for the SynchroLife crowdsale. Copy the contract address for the SynchroLife crowdsale and note the recommended gas limit. Transfer Ether (ETH) from your preferred wallet (such as MyEtherWallet) to join the crowdsale!
* Please note, do not send Ether directly from an exchange (such as Poloniex, Kraken, Coinbase, and any similar services). You will NOT be able to join the crowdsale and receive your SynchroCoin tokens if you send directly from an exchange!
Step 5:
You have joined the SynchroLife crowdsale! Thank you for your support! You can expect to receive your SynchroCoin (SYC) tokens soon after the end of the crowdsale on October 20, 2017. You will receive your SynchroCoin (SYC) tokens at the wallet you sent Ether (ETH) from during the crowdsale.