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WEBSITE : https://springrole.com/WHITEPAPER : https://docsend.com/view/k5nghff
SPRING Token
SPRING Token is an ERC-20 Compliant token that Springrole will use on Platform. SpringRole Token is the fuel that powers and drives the platform.Each action on the Platform is linked to Spring. Spring can be gained/used for the following :
v when anyone in a user’s network earn on the platform, the user gets paid a percentage of their earning in SPRING
v Referring a user of a company to the community rewards the Users with Tokens(referral bonus)
v SPRING is used while endorsing a user’s proficiency in a particular skill set.
v if a company or an university attests a claim made by the user,they will earn SPRING when the profile of the user is requested for validation.
v Holding on to SPRING tokens gives you acces to premium features on the protocol.
SPRING Token Sale
The Spring Foundation plans to mint 10B tokens in total and the distribution of tokens is as follows :
The token sale details are expected to be as follows:
1.Date of network launch – Q2,2018
2.Total supply of tokens:10B
3.Number of tokens on sale:2.55(25.5%)
4.Residents of certain countries may not be allowed to participate
5.Token distribution expected by: end of Q2, 2018
6.Unsold tokens and foundations token are locked for 1 years
7.Tokens for team(Founders,team member) are vested for 4 years :
v 20% vested on launch of project spring network
v 20% vested on the one-year-anniversary of the launch of project spring network
v 60% vested of the tokens to be distributed every month for the next 3 years.
8.Tokens for Advisors are Locked for 2 years :
v 50% on Launch of project spring network
v 50% of the tokens to be distributed every month over 2 years
Roadmap
Project Spring Foundation is building the spring network from the ground up,while considering all stakeholders.
users are fairly incentivized with SPRING as are attesters, ultimately providing a highly useful and validated resource for recruiters and prospective employers, partners and others. in fact, by fairly incentivizing users, users are always the central focus of the network.
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