Welcome to Saon
Saon is a crypto-backed Stablecoin that will hold in its portfolio a number of different cryptocurrencies. With the majority of the proceeds Saon produces, we will re-invest back into the crypto exchanges. Saon will hold both large cap and small cap coins, selling and exchanging the coins we mine to increase Saon value and increase stake in each of the coins we are investing in utilizing both long term and short term investment techniques. Saon will also have 100% transparency posting what Saon holdings are and amounts held. Saon will always hold a minimum of 50% Bitcoin in its asset group to stabilize the overall value of Saon as well as a complete portfolio of different cryptocurrencies. Saon’s mining operation will be conducted using ASIC and GPU hardware for added versatility in an evolving marketplace, with the purpose of mining the most profitable coins possible, then exchanging those coins for more stable cryptos.
Saon goals are to increase stake in the cryptocurrency ecosystem thus increasing the value of Saon. We feel that the entire crypto-economy is linked together, this is why we feel that Saon is a natural evolution in the crypto market. Holders of Saon can be confident that the portfolio of Saon will continue to increase over time as the mining operations will ensure that more crypto will be deposited into the portfolio account. A stablecoin that is backed by other cryptos and all stays on the blockchain.
We at Saon have completed our initial token creation and distribution plan. SAON is built on the Ethereum blockchain and is an ERC-20 token
1. 210,000,000 SAON will be created and that is all there will ever be created
2. 60% SAON will be utilized for both straight sale and exchange implementation (126,000,000 SAON)
3. 15% will be team held (31,500,000 SAON)
4. 15% will be held in reserve for the ongoing costs associated with running Saon (31,500,000 SAON)
5. 5% will be used for initial marketing (10,500,00 SAON)
6. 5% will be used for legal (10,500,000 SAON)
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Curious about the origins of our name? Click the link
The founding team of Saon would like to remain anonymous at this time