Store Finance (SEF): Whitepaper update and second-round presale announcement
Don't miss the important updates about the second round of Store Finance (SEF) presale and future plans for the token.
Table of contents:
We are proud to present to you an updated version of the Whitepaper document for Store Finance (SEF) - the native token of the Bitcoin Store platform.
With Whitepaper 2.0, we want to present to our growing community the future direction of the Bitcoin Store ecosystem and the way SEF token will drive that same ecosystem.
The new Store Finance (SEF) Whitepaper is a reflection of the next stage in the development of new financial products and services that will enable all users to have a simple and secure experience in buying, selling cryptocurrencies, and managing their own digital assets.
New features of the Bitcoin Store platform and new direction
One of the more important updates in the whitepaper document refers to the technical roadmap with the upcoming Bitcoin Store services. Internal team will develop new services in the next two years.
By adding new services, we want to provide every user with one-stop place where they can more easily balance fiat and crypto assets, and use their own cryptocurrencies more efficiently.
In other words, we want to provide the user with a platform on which they will be able to:
- stake cryptocurrencies
- loan and lend
- spend crypto with a physical VISA credit card
- have a unique IBAN account
without having to use several different platforms.
The introduction of new services is expected through 2024 and 2025 and will be the first step in the evolution of the Bitcoin Store platform into a fintech ecosystem.
New token name and symbol
The initial name and symbol of the token - Store (STORE), published in the first version of the Litepaper document, has been changed to Store Finance (SEF).
The new name reflects the new development direction of the Bitcoin Store platform and the role that the token will play in connecting all products and services within the entire system.
|Store Finance (SEF) - basic info|
|Token name:||Store Finance|
|Networks:||ERC-20 and BEP-20|
Store Finance (SEF) functionalities
Store Finance (SEF) was initially envisioned as a token to be issued exclusively on the Ethereum network as an ERC-20 token.
The update is that the SEF token will be issued on the Ethereum network as a ERC-20 token and the BNB blockchain network as a BEP-20 token. The token will be compatible with both blockchain networks.
The total supply of tokens remains unchanged - 200 million SEF.
What are the benefits of the Store Finance (SEF) token?
Store Finance (SEF) token is designed to play a central role in all financial activities within the Bitcoin Store ecosystem. The token will help users to unlock the full potential of the Bitcoin Store by giving them access to various benefits, new products and rewards.
By using and storing Store Finance (SEF) tokens , users will be able to enjoy the following benefits:
Store Finance (SEF) will have an implemented buyback and burn mechanism, which should provide long-term incentives for token holders by repurchasing tokens and removing them from circulation.
5% of all trading fees revenue will be allocated to create a Bitcoin Store insurance fund.
Store Finance (SEF) tokenomics
Store Finance (SEF) has a total supply of 200 million tokens that will never increase.
35% of the total number of SEF tokens will be allocated to the treasury and used in the future to develop new products and services, B2B initiatives, partnerships.
20% of the total amount of tokens will be allocated to team members. The team's SEF tokens will be subject to a "vesting period", meaning that team members will not be able to sell their tokens for two years after the end of the pre-sale phase.
20% will be allocated for the second round of pre-sales.
10% of the token offering will be used to provide initial liquidity on other CEX/DEX platforms where the SEF token will be listed.
10% was used for the first phase of the pre-sale, which lasted from March 3rd, 2022 until May 1st, 2022. Tokens that were not purchased in the first phase of the presale were returned to the treasury.
5% of tokens will be reserved for marketing and promotional activities to reward Bitcoin Store users and to ensure stable growth of the entire ecosystem.
The beginning of the second round of the Store Finance (SEF) presale
The second round of pre-sale of SEF tokens will start on April 18, 2023 and will last until April 25, 2023.
Minimum quantity for the purchase of SEF tokens - 75 tokens.
How to participate in the second round of Store Finance (SEF) token presale?
If you are a new user of the Bitcoin Store platform, to participate in the Store Finance (SEF) token presale, you need to:
- create an account
- verify identity through the KYC method
- make a deposit (minimum amount for a deposit is 15€).
You can make a deposit by card payment (VISA, Mastercard), internet or mobile banking, bank transfer, or cash in our walk-in cryptocurrency exchanges.
You can buy SEF tokens on the official Bitcoin Store page: Store Finance (SEF)
What is the price of the Store Finance (SEF) token in the second presale round?
The pre-sale price of tokens will be a fixed 0.2€ per token.
Bitcoin Store guarantees a redemption price of 0.1€ per token in the next 2 years!
*Participants of the Presale of SEF tokens do not have a defined vesting period, meaning they will be able to sell them right after purchase.
Start of Store Finance (SEF) token trading
Store Finance (SEF) will be listed on the Bitcoin Store platform and other global exchanges where token trading will take place.
Planned trading start date: June 5th, 2023.