# Proposal: Whitelist Sator Token (SAO) **URL:** \ **Category:** DAO Archive (SUBMITTED)\ **Created:** [November 11, 2021, 2:09am UTC](https://gov.bancor.network/t/proposal-whitelist-sator-token-sao/3140 "2021-11-11T02:09:57Z")\ **Posts on this page:** 9\ **Page:** 1
**Author:** ![isla](https://avatars.discourse-cdn.com/v4/letter/i/7993a0/32.png) [@isla](https://gov.bancor.network/u/isla)\ **Post date:** [November 11, 2021, 2:09am UTC](https://gov.bancor.network/t/proposal-whitelist-sator-token-sao/3140/1 "2021-11-11T02:09:57Z")
**TL;DR** • Proposal to whitelist Sator token • Sator is a social utility token powering our next generation content engagement metaverse • There are no apparent security concerns that would prohibit whitelist status • Proposing 100K BNT Co-Investment. SAO token address: Solana 2HeykdKjzHKGm2LKHw8pDYwjKPiFEoXAz74dirhUgQvq Ethereum > **[Contract Address 0x3ef389f264e07fff3106a3926f2a166d1393086f | Etherscan](https://etherscan.io/address/0x3ef389f264e07fff3106a3926f2a166d1393086f)** > > The Contract Address 0x3ef389f264e07fff3106a3926f2a166d1393086f page allows users to view the source code, transactions, balances, and analytics for the contract address. Users can also interact and make transactions to the contract directly on... Project Website: **[https://sator.io](https://sator.io)** **Sator** Sator is a decentralized application designed to scale and expand linear content (Television, Film, Music, Streamers) to a more immersive content engagement experience. Audiences are incentivized by social utility token rewards (SAO) and content-based NFTs in the Sator dApp marketplace. Content creators, producers, and content rights holders simultaneously grow audience and global reach. Sator Network (SAO) runs on Ethereum and Solana, utilizing Wormhole bridge for bidirectional transfers and cross-chain interoperability. Sator contributes to the ecosystem as a whole by pioneering NFT utility in traditional media/television/film/music content and by incentivizing centralized rights holders to diffuse value throughout the ecosystem. Sator addresses the greatest pain points in content: viewership growth, viewer engagement, subscribership growth & retention. Plus, Sator is the first mechanism to align the interests of content viewers and distributors by rewarding them both for their respective contributions. Sator also pushes NFT innovation ahead by embedding show-specific NFTs with extremely unique utility, profile-display features, and experiential relevance. Sator is building a content engagement metaverse — the Satorverse. **Sator Team?** Sator’s world-class team of 20+ includes top engineering talent, designers, marketers, to name a few. Sator Founders met at Consensus 2017 and immediately bonded over the future of blockchain. In the years that followed, ideas and research were shared. A group of television producers asked the Sator Founders “how blockchain can help grow and retain viewership” and that catalyzed early thinking about how Sator unlocks potential at the intersection of content and crypto. **Sator Future Plan?** Sator is officially running on Solana mainnet. We are available in the Google play store and apple app store. IOS link: [Join the Sator beta - TestFlight - Apple](https://testflight.apple.com/join/W7bXrXLa) ANDROID link: [https://play.google.com/store/apps/details?id=com.satorio.app](https://play.google.com/store/apps/details?id=com.satorio.app) 2022 Roadmap and Beyond Q1 2022 Multi-chain expansion Machine learning 1.0 More games deployment NFT utility pioneering Q2 2022 AR/VR compatible Machine learning 2.0 Game engine SDK Q3 2022 SmartTV compatible SAO advertising marketplace Q4 2022 1.2mm Sator users Fully-integrated entertainment & media metaverse Sator becomes content buyer of TV/film/music 2023 7-10mm users (based on blended data analysis of social apps and crypto apps YoY growth rates) Machine Learning 1.0: Understand user behavior to improve in-app experience Machine Learning 2.0: Advance user metrics inform home page categories e.g. “Suggested For You” **Tokenomics** Sator’s native token, SAO is built on Solana with a bi-directional bridge to Ethereum (Wrapped ERC20) through Wormhole bridge. Users engage and earn $SAO in our decentralized application, which is directly supported by SAO token. The SAO token has a total supply of 500,000,000 tokens. Our initial circulating supply will be less than 4% of those tokens, approximately 20 million SAO. We will not burn tokens. ![Pasted Graphic.png]() Tokens will also be distributed in a fair method, without the risk of whales dumping them on the new line of investors. Investors and team stay locked for 1 year before incremental monthly unlocks, making it impossible for investors and VCs to dump the token. The owners and the team will only receive less than 13% of the whole token distribution, and their tokens will be freed up in a fair and calculatable structure over 4 years time, with no option to sell in the first 11 months. **Community** Sator is currently in the middle of the whitelisting process on DexLab, with lots of support from our community. Sator’s GenShards NFT offering has also completely sold out as of last week. Sator plans to list on Uniswap on 11/7, Gate on 11/7, and Bancor shortly thereafter. **Coinvestment** As SAO is a very new token, we propose to start with 100K BNT Co-investment and will grow this when demand is met. **Benefits for Bancor** Sator’s mission and vision and both are very much in line with Bancor’s core values. DAO governance and decentralization, presenting a truly decentralized solution for as large a community as possible is just the start. Most important benefit for Bancor will be volume, as that is essentially what drives the fees that allow for Impermanent loss protection. Sator plans for Bancor to be our deepest pool on Ethereum and as a result we expect to get the most volume here. We are confident that we can deliver value to Bancor’s users by introducing a token that will be successful thanks to our distribution, value centric tokenomics, and many use cases that SAO token will be supporting. ---
**Author:** ![tfns](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/tfns/32/465_2.png) [@tfns](https://gov.bancor.network/u/tfns)\ **Post date:** [November 11, 2021, 1:49pm UTC](https://gov.bancor.network/t/proposal-whitelist-sator-token-sao/3140/2 "2021-11-11T13:49:55Z")
Thank you for the proposal and welcome to our governance forum @isla . 1. The contract you link to is called (Wormhole), not SAO. The contract isn’t verified on Etherscan and there are no audits for this project. 2. From Etherscan, I can see that the top 2 holders hold 87.2362% of the total supply (Figure 1). ![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/2X/b/b66e59f342c884ac126f654f48676b96d3e48d01.png) Figure 1 - (Wormhole) top 10 token holders (taken from [(Wormhole) () Token Tracker | Etherscan](https://etherscan.io/token/0x3ef389f264e07fff3106a3926f2a166d1393086f#balances)) That said, the Sator twitter page is active [https://twitter.com/SatorSAO](https://twitter.com/SatorSAO), and discord seems to have a more organic user base than their telegram. The token is also listed on [Gate.io](http://Gate.io), which means some documentation had to be provided so it would be added there. For now it doesn’t follow the requirements set by the DAO for whitelisting. Please check our list of requirements here: [Whitelisting Requirements](https://gov.bancor.network/t/whitelisting-requirements/1849) ---
**Author:** ![glenn](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/glenn/32/1720_2.png) [@glenn](https://gov.bancor.network/u/glenn)\ **Post date:** [November 13, 2021, 9:02am UTC](https://gov.bancor.network/t/proposal-whitelist-sator-token-sao/3140/3 "2021-11-13T09:02:38Z")
Hi @isla, Thanks for posting this proposal. The project looks interesting and I would love to see it listed on Bancor. It would be great if you could address some of the concerns raised: 1. Verifying the contracts 2. The top two holders which I am assuming is probably a small portion if the majority of your tokens reside on the solana blockchain? Thanks! ---
**Author:** ![mbr](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/mbr/32/3021_2.png) [@mbr](https://gov.bancor.network/u/mbr)\ **Post date:** [November 14, 2021, 2:46pm UTC](https://gov.bancor.network/t/proposal-whitelist-sator-token-sao/3140/4 "2021-11-14T14:46:56Z")
I have moved this proposal back to Level 1, for now. 1. At the very least, the proposal’s author should update the token address with the correct link (0x9587e9640575b06ab45b656a9bad8f0b40393f01). 2. There are apparently 500,000,000 tokens on Ethereum, all held by a single address. I realize this is a cross-chain token (on Solana), but from the outset, there is basically zero chance that we can whitelist it while it remains complete undistributed. 3. I would urge the proposal’s author to reach out to our community for further discussion. ![image](https://europe1.discourse-cdn.com/flex013/uploads/bancordao/original/2X/d/d2acc9bdc0a52212a76c9491574620fee7d1196f.png) ---
**Author:** ![isla](https://avatars.discourse-cdn.com/v4/letter/i/7993a0/32.png) [@isla](https://gov.bancor.network/u/isla)\ **Post date:** [November 14, 2021, 3:01pm UTC](https://gov.bancor.network/t/proposal-whitelist-sator-token-sao/3140/5 "2021-11-14T15:01:24Z")
Hey, these points are incorrect. The contract address in the proposal is correct. The token is native to Solana. By way of the wormhole bridge, there are \<11 million tokens (of 500000000 total supply on Solana) bridge to Ethereum. This is the correct contract address: 0x3ef389f264e07fff3106a3926f2a166d1393086f Once token metadata updates on ETH, you will see it as SAO (Wormhole) and not just Wormhole. Please verify all contract addresses which are correct on Coinmarketcap and Coingecko. To reiterate, the address is NOT (0x9587e9640575b06ab45b656a9bad8f0b40393f01). ---
**Author:** ![isla](https://avatars.discourse-cdn.com/v4/letter/i/7993a0/32.png) [@isla](https://gov.bancor.network/u/isla)\ **Post date:** [November 14, 2021, 3:03pm UTC](https://gov.bancor.network/t/proposal-whitelist-sator-token-sao/3140/6 "2021-11-14T15:03:35Z")
These are not token holders. Both of these accounts are the token accounts. Less than 5% of the supply is trading. Our smart contracts were audited. ---
**Author:** ![isla](https://avatars.discourse-cdn.com/v4/letter/i/7993a0/32.png) [@isla](https://gov.bancor.network/u/isla)\ **Post date:** [November 14, 2021, 3:05pm UTC](https://gov.bancor.network/t/proposal-whitelist-sator-token-sao/3140/7 "2021-11-14T15:05:03Z")
This is not a token holder. This is the majority of our supply, which is not circulating anywhere. Both the Eth account and the SOL accounts are Sator Network accounts. ---
**Author:** ![isla](https://avatars.discourse-cdn.com/v4/letter/i/7993a0/32.png) [@isla](https://gov.bancor.network/u/isla)\ **Post date:** [November 14, 2021, 3:13pm UTC](https://gov.bancor.network/t/proposal-whitelist-sator-token-sao/3140/8 "2021-11-14T15:13:24Z")
Hey, I’m Isla, Co-Founder and CEO of Sator. Wormhole is a bi directional (productionized) cross-chain bridge which we utilized to bridge from native SPL to ETH. The large token holding accounts are not token holders, that is Sator network accounts. We are working to get the token verified on Etherscan, and once my PR is merged for Solana Token Registry metadata, this should be properly reflected on Etherscan. The contract addresses I listed in the proposal are correct. ---
**Author:** ![tfns](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.bancor.network/tfns/32/465_2.png) [@tfns](https://gov.bancor.network/u/tfns)\ **Post date:** [November 14, 2021, 6:11pm UTC](https://gov.bancor.network/t/proposal-whitelist-sator-token-sao/3140/9 "2021-11-14T18:11:06Z")
Hello @isla , thank you for clarifying the points stated above. I believe the verified contracts on Etherscan will help diffuse any remaining doubts, as you’ve addressed all of the concerns raised. Could you please provide links to audits? I checked again and didn’t immediately find then. Thank you!