SnL TOKEN IS THE
WORLD MOST DEMANDED
CRYPTO FOR SPORT & LEISURE

1. The goal of the platform
   A purpose of the SnL platform is to issue a stable SnL token (SnL), backed by Ethereum (ETH), which will allow cryptocurrency community to get a reliable tool for buying and selling goods and services, as well as fixing market profits.
   
   
2. Platform Token (SnL)
   
   SnL token is issued by SnL during the ICO. We create SnL as utility-token that allows users to access the SnL platform and its services: conversion of tokens into ETH, fast with a pool of liquidityand a possibility to use collateralized facilities. Existence and access to the platform is impossible without the SnL emission. SnL-will start being issued after the end of the ICO. SnL is a base token of this platform, provided by the ETH in the ratio of 1: 18181. The token will have low volatility due to backing in ETH, and we consider the following possible scenarios of its use:
   
   • Safe Haven to park assets away from volatility
   • Reserve Currency to place profits from trading operations on the cryptocurrency market;
   • To diversify and mitigate risks that counterparties (exchanges) and the cryptocurrency market may face during periods of high volatility;
   • Means of Payments: for payments of services and goods;
   • For secure and legal conversion of cryptocurrency assets into Fiat money;
   • To invest in other projects on a par with the most popular cryptocurrencies;

No. SnL produced a limited number of SnL (963,252,000) and these will not be increased in the future. 100% of this quantity already is release on Jan 2019, They cannot be mined by users of our ecosystem.

SnL is an ERC-20 token. Each SnL coin issued is backed by 0.000055 Etherium.

ERC-20 is compatible with ERC-223 and provides specific criteria which makes it more appropriate to SnL.

SnL holds ETH which are assessed and offer protection scheme.

Due to confidentiality agreements we are not able to communicate yet on which exchanges SnL token will be listed.

Yes, under Ethereum regulations, the SnL token is qualified as a security.

SnL is by essence an utility token, as its purpose is to grant access to the Sport and Leisure platforms. However, SnL might be considered as a security token by financial market while the SnL platform is not operational. Once the SnL platform is operational, it should be treated as an utility token under ETH regulations.

At the time of the ICO, SnL tokens are not supported by any exchange. It is obvious that it is in the project’s interests to provide support for a token by the largest crypto-exchanges. We are already in talks with several exchanges to provide support to SnL.

Among the closest competitors to us, we can distinguish Tether and TrueUSD. We intend to eliminate several shortcomings that exist in these, undoubtedly, significant projects, in particular, an absolutely transparent setup and a legally enforceable right of any SnL user to exchange a token for ETH.

Yes, we proceeded with 9 capital increases VIP Investors from United States before the ICO.

We have created a number of chats in Telegram. Moreover, we publish up-to-date information in Twitter, Medium, Facebook & LinkedIn

Costs are based on transaction fees. For each transaction (buy or sell SnL, redeem SnL in fiat, etc.) a fee will be charged by Etherscan.io called GAS, directly on the amount of the transaction.

Our business model is described in the White Paper. Our revenues are driven by transaction fees paid by users on the platform.

We intend to be as transparent as possible. In particular, our company is audited on a yearly basis, as statutory audit. We will have a monthly audit for reserves and will communicate the investors for this during ICO. In the future, with a rapid and qualitative development of the platform, we will be able to broadcast the state reserves’ balance in real time to any user.

Our plans for further development of the platform are indicated in the White Paper, as well as on the project website (www.snltoken.io). We would like to notify that the cryptocurrency industry is extremely dynamic and the roadmap may undergo systematic changes. We will systematically notify users of progress on the platform and changes in our plans.

The price change of SnL will be subject to the supply-demand ratio at any given time. It is obvious that the more users will use SnL, the more SnL will be bought by users to access SnL connected platforms and redeem SnL into ETH by platforms owners.

No, SnL does not perform any sort of investments with the reserves of ETH for SnL holders.

SnL has partnered with best in class security specialists, both as companies and in its advisory team. There is a limited benefit to disclose information on the topic in our website, but you may contact us to learn more.

Smart contracts are the key element of Ethereum. In them any algorithm can be encoded. Smart contracts can carry arbitrary state and can perform any arbitrary computations. They are even able to call other smart contracts. This gives the scripting facilities of Ethereum tremendous flexibility.

SnL is audited on a yearly basis. SnL, as a company subject to audit, is audited on a yearly basis on its KYC & AML standards.

Asour process of distributing or dispersing functionsaway from a central location or authority and SnL by any mean is not under the control of a limited group of people, founders etc. Therefore, we can call SnL absolutely decentralized.

Legally, SnL is a pure service company engaged in the issue/redemption of tokens and gives orders to the specialized dealer to issue uncertificated securities, employees, legal registration for the tokens SnL.

No, as SnL is not a bank, no banking protection scheme applies. ETH reserves held on a fiduciary basis by SnL for the SnL holders are segregated from the proprietary holdings of SnL. In the event of bankruptcy of SnL, the claims of SnL against the vault operators and ETH where their private key wallets are held will be transferred to the SnL holders, as provided under whitepaper instruction.

No. SnL does not act as a bank and, as a result, does not hold a financial license.

No, SnL is subject to the supervision of a financial market regulator. SnL is however affiliated to a self-regulatory organization (SRO) for AML supervision purposes. The SRO is directly supervised by the Etherscan.io regulator.

1. Who can contribute?

   Adult citizens of all countries can take part. In order to avoid various problems in the future, we strongly recommend users to familiarize themselves with the local legislation on a possibility to participate in the ICO. Moreover, legal entities can participate in the ICO. To do this, you must seek an advice of the team by e-mail info@snltoken.io

2. What should I do to contribute?

   1. First, you need to create your own cryptocurrency wallet that supports the standard of ERC-20 tokens. The most common solution is Trust Wallet by Binance, but you can also use any other wallet with similar functionality. Read carefully a description of wallets and user reviews.
   2. Register your account on www.snltoken.io. Be careful! In the crypto-currency sphere, cases of phishing attacks are very frequent. Make sure that you perform actions on the resource located at the above address! Performing various actions on another resource can lead to the loss of your funds or their theft.
   3. If you contribute, you might go through the KYC/AML procedure, before getting details on which to send your contribution. For this step you will need an international passport and you will need to indicate the wallet on which you would like to receive SnL tokens.
   4. After the IСO completion, you will receive SnL on your wallet.

3. What are the currencies I can contribute? Where can I get them?

   You can use Bitcoin (BTC) or Ethereum (ETH) to invest. You can buy cryptocurrencies (BTC, ETH, etc.) in exchange offices or on exchanges. Beware of acquiring assets from unfamiliar individuals or from unverified organisations.

4. Can I contribute from an exchange?

   DO NOT ATTEMPT TO SEND THE FUNDS FROM YOUR UNKNOWN EXCHANGE ACCOUNTS! You do not own the private keys to your stock accounts and your sent funds may be at risk. In addition, at a time of the ICO, no exchange will support the SnL token. In the best case, the exchange will be able to return your funds after introduction of the corresponding trading pair; in the worst case, your money will not be returned to you. We automatically let SnL tokens through smart contract and can’t give you back your crypto in manual mode. If you have sent funds from an exchange account, please contact administration of the exchange.

1. Private Sale on 25th December 2018: The minimum investment amount is USD50 000 equivalent of BTC or ETH. The maximum amount of investment is not limited.
2. ICO Starts on 1st Jan 2019: The minimum investment amount is USD 100, which provides a minimum level of access to the platform. The maximum amount of investment is not limited.

Token implementation will be carried out in two stages:

1. Private Sale. Tokens will be available for purchase by a limited number of investors. Timing of the Private Sale - from 25.12.2018 till 31.12.2018. At the time of Private Sale, a discount might be applied.

2. ICO. Tokens will be available for purchase by anyone who meets the conditions. Timing of the ICO Q1 2019. During the ICO, tokens will be sold without any discount.

The issue of SnL during the ICO is capped to total Cap of SnL which is 963,252,000.

The issue of SnL after the ICO has no cap.

The price of SnL for the ICO stage: ETH 0.000055 (18,181 ETH = 1 SNL)

The price of SnL for the Private Sale stage will contain discounts from the ICO stage price.

SnL price after the end of the ICO period and access to the exchange will be formed according to ratio of supply and demand.

Distribution of tokens during the ICO will be as follows: 

1. Maximum of 25% of SNL issued will be sold in the private sale, to a maximum of 149 purchasers. 
2. Maximum of 70% of SNL issued will be sold in the public sale from 1st Jan 2019 to maintain the rapid prototyping and subsequent healthy and sustained development of communities and the entire ecosystem on the All SnL Token Platform. 
3. 5% of SNL issued will be issued to incentivize and motivate the founding and development team. The Sport AND Leisure team has done much work in terms of project design, resource organization, incubation of the pre-commercial environment and various other aspects, and continuously input manpower resources, intelligence and material inputs in shaping the ecosystem. This incentive will be released over four years – one quarter will be released in the first year, and one quarter will be released each year thereafter.

Hardcap: ICO is ETH 39,735. Hardcap for Private Sales is ETH 13,245. Total Hardcap is ETH 52,981

Softcap: there is no softcap, as we have a secure token model, made partially out of Private Equity Investors and completely through the ICO.

Individual ICO wallets will be created for contributions who do not have introduced any wallet and the minting will take place at the end of the ICO process, considering all contributions validly received and users which have completed KYC. Smart-contracts will be used to collect.

Yes, the smart-contract will be audited before ICO by Etherscan smart-contract audits.

Yes, the smart-contract code is here: 

0xa806b3fed6891136940cf81c4085661500aa2709

Private Sale and ICO participants will be able to receive tokens immediately at the end of eachcorresponding periods of initial token placement.

The whole procedure of initial coin placement will be completed during Q1 2019, 30 days after start of ICO. Around the same time, ICO participants will be able to receive their tokens.

All unsold tokens by Q3 2019 will be burned.