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15 insights on S3ntigraph ICO

Jul 14, 2017 Posted /  3380 Views

15 insights on S3ntigraph ICO

15 insights on S3ntigraphICO (Sentigraph ICO):

s3tigraph is a platform that utilizes the blockchain technology to generate graphical emotions on the basis of textual inputs. This is a decentralized application which stores all the sentiments or emotions whenever a person communicates to others and combining different people's emotions, they will form a graph. The system is working with the IBM's Watson.

Here are some insights on this special platform and its ICO:

1. Why s3ntigraph:

The world we live in is characterized by numerous events that not just affect our countries, but directly affect our lives. While classical economists hold on to the Gross Domestic Product, GDP, as a method for grading a country’s economic performance, it completely fails to address the underlying issue of individual happiness and overall well-being of say, a country. The Gross National Happiness, GNH, coined in the 70’s, is actually agreed upon by many socio-economists as a better “tool” for measuring the overall well-being of humans and that the GDP is an outdated measure. GDP Is just based on the material gains of people which do not define the society's emotions and well-being better than GNH.

2. What is the solution it provides:

s3ntigraph solves the problem by devising an algorithm to categorize our various tones from a given utterance (in this case, textual input), persisting the computed data in a decentralized manner via  blockchain technology (In the case of s3ntigraph, the Ethereum blockchain), and rendering the overall trend to the user, presents a good starting point for tracking/monitoring our happiness in real time, and also to map  those periods to what actual events triggered those corresponding results.

3. Working of the s3ntigraph platform:

There is currently an Ethereum Smart Contract in place that we have carefully written to interface between user client inputs (the web or mobile browsers) and the blockchain. A Node JS application serves the User Interface to the browser for the user’s interaction. Each user entry triggers an asynchronous XHR to IBM Watson’s Tone Analyzer API, which returns a 5 vector sentiment coordinate. Mongo is used to store Watson’s JSON feedback, perform some off chain calculations and finally persist the s3ntigraph index (si) to the blockchain. si is a value representative of an arbitrary user’s coordinates, computed based on an algorithm. Finally, the user can see the overall trend as a chart plots si against time, t.

4. The general concepts of Algorithm:

Watson Tone Analyzer returns a coordinate in a 5-dimensional space representing the following arbitrary axes(anger[0.60], disgust[0.57], fear [0.33], joy[0.89], sadness[0.01]). Each tone value, V, ranges from 0 to 1. This 5-dimensional space can be considered as a sphere H. For every arbitrary user's interface a point P is formed on the space H. e is the center of equilibrium where the user experience utmost satisfaction and joy. The value of si is calculated for every utterance and graph between si and time is plotted.

5. Further uses of s3ntigraph:

It is quite apparent that the opportunities this solution would expose are bountiful. In politics, debates, promises, and legislative actions can be gauged by the resultant cumulative sentigraph index of the citizens. In medicine and psychiatry, for instance, medical diagnosis and patient care can be tested for their expediency by the resultant cumulative sentigraph index of the patients.

6. Graph tokens:

Graph, the s3ntigrapH token is based on the Waves platform, even though the s3ntigraph platform is Ethereum based. Graph, being a non ERC20 token cannot “play” in the Ethereum blockchain. However, s3ntigrapH’s “in-dapp” functionalities are completely independent of any tokens. The graph will thus be conceptualized as a store of value and ownership of s3ntigraph.

7. Why waves platform:

The Waves platform had been chosen for the Graph token is to not only foster the utilization of cross-platform utilities but to have a lean decentralized application void of Smart Contracts for the sole purpose of generating ERC20 tokens. Another benefit of using a Waves based token is the speed to trade them. The graph will be listed on Waves DEX, and it's currently getting verified by the Waves developers.

8. Problems in using Ethereum blockchain for fundraising:

One of the main problems in using the Ethereum platform for fundraising is the “jamming” effects on the Ethereum blockchain due to multiple ICOs as observed during the Status crowd sale. There are other cases also with multiple issuances of ERC20 tokens as a result of bugs in the Smart Contract. It is possible to realize missing tokens due to these errors. This has begun to present negative impressions to willing crypto investors, especially those that favor the Ethereum platform.

9. Use of paper wallets:

Contributions will be made via paper wallets (not exchanges) with Waves, BTC or ETH. Post the fundraising event, Graph tokens will be issued to the corresponding investors at their Waves wallet (those without a Waves paper wallet will be required to create one, preferably at prior to  contributing).

10. Quarterly dividends issued using Proof-of-Participation:

The Quarterly dividends may be issued to current Graph holders via a proof-of-participation, which is basically a process to verify the investor and indicate his/her interest in  receiving such  dividends. Dividends Per Token (DPT) for the quarter will be determined by s3ntigrapH based on its retained earnings (actually equity - Revenues less all Expenses) and will be between 0 and the Earnings per Token (EPT).

11. User verification:

Prior to dividend distribution, in the case there’s one for that quarter, the proof-of-participation would require the investor to send a Graph from his wallet(s) to another destination owned by s3ntigrapH. The Graph will be returned post verification.

12. "Long Graphers" advantages:

s3ntigraph is giving more preference to loyal, long-term Graph holders, which we will refer to as “Long Graphers”. Long Graphers may receive (depending on the discretion of the s3ntigraph team, say based on investors “Graph transaction volume” being low due to long holding), a slightly higher DPT than other holders at the time of the dividend payout. This is an effort to foster collaboration between token holders, who have become dedicated, and the s3ntigraph project.

13. Re-issuance of tokens:

The supply of tokens is locked to 5,000,000. However, economic and market situations in the future may require us to do a “stock split” or some form of dilution of tokens, and as such may need to re-issue more tokens, though unlikely. So it is fair to assume Graph is “capped” at 5 million tokens, with 3.75 of those available for purchase via the fundraiser I and fundraiser II events. 

14. Token distribution:

The total supply of Graph tokens is limited to 5,000,000. The distribution of tokens will be as follows:
Percentage of Graph to s3ntigraph team - 20%
Percentage of Graph to token holders - 75%
Bounty - 5%

15. The s3ntigraph ICO:

The first fundraiser is scheduled from July 20 to August 4th. Cryptocurrencies Waves, BTC and ETH are accepted for the ICO. 1 Waves = 1 Graph and 1 ETH = 60 Graph, the value of BTC is not yet declared. The minimum contribution to the ICO is 0.5 Waves and 0.01 ETH. Tokens will be distributed 3 weeks after the second fundraiser is finished.

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