Santiment is a platform that develops market data infrastructure for cryptocurrency and blockchain assets. It offers a variety of on-chain, social, and custom metrics, aiming to provide valuable insights for traders, investors, and enthusiasts in the crypto market.^[1][2]

Overview

Founded in 2016 by Maksim Balashevich, Santiment aims to develop market data infrastructure for cryptocurrency and blockchain assets. It provides data feeds, exclusive content streams, and a comprehensive database of cryptocurrency projects to assist traders in making informed decisions.

With a focus on sentiment analysis, content, and data feeds, Santiment offers access through mobile and web terminals and plans to integrate with exchanges and asset management platforms. A mobile ALPHA in testing includes price feeds and santiment tools.^[2][3]

Products

SANBase

The SANbase (Santiment Database) constitutes a fundamental aspect of Santiment's platform, similar to the Bloomberg Database in traditional finance. It aims to offer vital information regarding cryptocurrency projects, including details about their founders and economics.

Updates to the SANbase are sourced from the crowd and then curated by Santiment's team of analysts. The objective is to decentralize the process of securing high-quality information, with the aim of enhancing the database's breadth and accuracy through community-driven curation.^[2]

Datafeeds

Santiment aims to offer traders and investors reliable data through various cryptocurrency datafeeds. These channels provide concrete information for market predictions, moving away from speculative guesswork. Datafeeds enable users to access updated data from diverse sources, aiding in making informed financial decisions.

Santiment plans to focus on three types of datafeeds:

• Sentiment Datafeeds: Addressing the scarcity of public sentiment feeds, these datafeeds enable traders and data scientists to analyze market sentiment.
• Blockchain Datafeeds: Through collaboration with major blockchain scanners, Santiment aims to create datafeeds monitoring blockchain activity, offering insights into community trends like whale wallet movements.
• Crowdsourced Datafeeds: Leveraging the crowd's processing capacity, Santiment aims to develop datafeeds allowing users to contribute and receive benefits, providing valuable information otherwise challenging to access.^[2]

Content Streams

Santiment curates content streams tailored to different investing styles, providing regular market updates. Users can choose streams focused on major coins or Token Sale analysis.

These streams include Token Sale analysis, market research, project due diligence, team analysis, and regulatory updates. They aim to provide objective answers to key market questions, such as identifying potential red flags and evaluating market sentiment.

Santiment's content streams seek to enhance transparency and professionalism in crypto-markets, aiming to expose bad actors through collective expert insights.^[2]

SanAPI

Santiment aims to provide a cryptocurrency API offering access to on-chain, social, pricing, and development data for over 2000 coins. Utilizing GraphQL, it enables precise data requests and batch processing, minimizing unnecessary data transfer.

The API's Live Explorer feature aims to enhance user experience by facilitating interactive exploration of its capabilities. Santiment strives to deliver an efficient and user-friendly API solution for cryptocurrency developers and enthusiasts.^[2][4][5][6]

SanSheets

SanSheets offers crypto spreadsheets compatible with Google Sheets, enabling users to integrate relevant data into their analyses and workflows conveniently. It aims to provide access to on-chain, social, development activity, prices, and volume data for cryptocurrency enthusiasts and investors. ^[4][7]

SanR app

Developed in collaboration with zkSync, the SanR app released its Alpha version on May 11th, 2024, following closed BETA testing.

SanR functions as a decentralized platform where users can publish signals from their market analysis and follow signals from top traders, all on-chain. It is designed to assist users in identifying key market signals amidst the noise by leveraging their market research and analysis skills.^[8][9][10]

Tokenomics

Santiment Token ($SAN)

The SAN token serves as a utility token, granting access to exclusive features of Sanbase. It is an ERC-20 token issued by Santiment on the Ethereum blockchain.

Utility

The Santiment Network Token Prototype (SAN) serves several key functions:

• SAN tokens can be locked and staked, providing holders access to a limited stream of content and datafeeds, subject to Santiment's discretion.
• SAN tokens are necessary for participation in Santiment auctions, where datasets, sentiment datafeeds, and exclusive content are sold to the community.
• Certain network actions require payment in SAN tokens to maintain network health and support further development.
• SAN tokens held in the Reward Pool are distributed, at Santiment's discretion, to participants contributing to the enhancement of information quality in the database.

Allocation

SAN tokens were distributed in a token sale on July 4th, 16:00 GMT+1, covering the next three years of development. The sale had a hard cap denominated in Ether (ETH), ranging from 15,000 ETH to 45,000 ETH, with no bonuses offered.
The Allocation is as follows:

• 18% for the team to incentivize ongoing efforts.
• 4% for key advisors and partners.
• 6% to the Reward Pool to incentivize network participants.
• 18% for presale participants.
• 54% for crowdsale participants.

Team tokens are vested and payouts begin after three months, lasting six months to one year depending on the team member's role.^[1][2][5]