Santiment (SAN) — Bloomberg of the Crypto World

October 26, 2017

4 min

Table of contents

IQ Option is now delivering weekly analytical reviews on Santiment and its coin, SAN. But what is Santiment and why do cryptocurrency investors from all over the world follow the price action of its coin? This article will cover the basic idea behind the company, its business model and the price action of the respective coin.

According to the road map, Santiment is now in its 2nd phase

Santiment is positioning itself as the Bloomberg of the cryptocurrency world. And just like Bloomberg, the company is building a subscription oriented data feed platform. Thanks to the platform, users will get access to a transparent database and real-time market monitoring.
The project is aiming at three distinct groups of customers:

  • Professional cryptocurrency traders/investors
  • Newcomers to the crypto market
  • Data vendor middlemen

All three, however, have something in common. They want to understand the market in a better way and correctly predict future price movements. Free version, aimed at individual investors, will provide extensive information on past and upcoming ICOs, market and sentiment data. Paid subscription, suitable for corporate investors, will provide even more in-depth information to those who need to know as much as possible. Online exchanges may also want to use the information provided by Santiment to attract new traders with comprehensive analytics.
The company has also uploaded a MVP alpha demo to the App Store. However, the prototype is neither offering full functionality to the clients, nor working correctly. The application was last uploaded on 27 June 2017, before the ICO opening date. It was earlier expected that the mobile terminal will become one of the Santiment’s key access points. The assumption no longer holds good.

SAN token distribution among different parties

The company will not only capitalize on the cryptocurrency craze by providing up-to-date information to the investors. Santiment is distributing the crypto token of its own, named SAN. The latter can be used inside the system as a payment tool, a reward for crowdsourcing and, most importantly, for staking. By staking enough SAN tokens the user will get free access to much-desired subscription-only section of the data feed. What’s the benefit of this policy for the company? By putting enough tokens aside, the company is bringing down the supply while also driving up the demand. SAN coins in this case are expected to appreciate, just like the company behind them.
Santiment is working on the crypto database of its own. Filled with massive amounts of information on (probably) every important cryptocurrency out there, it is destined to make the decisions making process easier and much more factual.

SAN is now trading at below the ICO price

Santiment is carrying out a crowdsale, during which individuals will lay their hands on 54% of the total token supply. Despite long-term positive prospects, voiced by the cryptocurrency community, the price action of SAN is not doing well. At least, since August 24th. For the last two months the cryptocurrency is demonstrating negative dynamics, either due to lack of progress or insufficient buying pressure. It can either be due to slower than expected development of the project, insufficient buying pressure or both.

What should you learn next? Turn the wheel to find out!

rainbow circle

A Trading Strategy for Everyone — The Bladerunner

share

previous post

IQ Option Promo Codes: Trading with Benefits 
IQ Option Promo Codes: Trading with Benefits 

next post

Apple Co-Founder: “Bitcoin Is Superior to Both Gold and the US Dollar”
Apple Co-Founder: “Bitcoin Is Superior to Both Gold and the US Dollar”

Latest posts

IQ Option Promo Codes: Trading with Benefits 

14.04.2025

Is Trading on IQ Option Halal or Haram? 

07.04.2025

Is trading on IQ Option Halal or Haram

How to Choose the Right Indicator for Trading? 

31.03.2025

How to Choose the Right Indicators

Binary Options Trading Tips: 5 Hacks That Will Save Your Time And Money

24.03.2025

5 Trading Superstitions Fact-Checked

17.03.2025

Top 7 AI Stocks to Trade in 2025

10.03.2025