⦁ Santiment is all about measuring crowd moods so that you can make ideal trading decisions. Every datafeed Santiment produces either contributes or gives insight into crowd sentiment, and users can make this data work for them. Santiment generates revenue with a regular subscription fees. Their token, the Santiment Network Token (SAN), is used for accessing content and datafeeds.
SAN has 3 main functions on the Santiment network:
⦁ Payments for subscriptions & auctions (as a price discovery and value flow mechanism)
⦁ Staking (as an onboarding mechanism)
⦁ Rewards for crowdsourcing (as a network rewards mechanism)
This connects the SAN token value directly to the value of datafeeds and information Santiment produces.
Users and institutions choosing to stake — or ‘lock’ — their SAN in our smart contract, thereby freezing them and keeping them off the market. When the system sees that these tokens have been staked, the owner will receive free access to a stream of curated content and select datafeeds.
The final function of SAN also expands the network effect, and that function is crowdsourcing. SAN will be used as an incentive to crowdsource and curate data and information in both the Santiment database (SANbase). Creating a working and scaleable database of crypto projects is a large task, and crowdsourced updates curated by experts will go a long way towards making that vision scaleable. It will also be used as the incentive tool backing crowdsourced sentiment datafeeds, which we’ll also be building. This SAN will invest users into the success of the network, insofar as they’re rewarding as the data and information from Santiment gets better and better.