Initial Coin Offering

Sonar's native utility token PING is launching on

Ethereum and Arbitrum-One

Initial Coin Offering

Sonar's native utility token PING is launching on

Ethereum and Arbitrum-One

Initial Coin Offering

Sonar's native utility token PING is launching on Ethereum and Arbitrum-One

Private Sale Live Now!

Private Sale Live Now!

Private Sale Live Now!

TOTAL RAISED

158,321

USD

TOTAL RAISED

158,321

USD

TOTAL RAISED

158,321

USD

Join Private Sale

Important

All participants will need to pass KYC prior to making purchases. This is part of the automated process. When you select your purchase option, you will be forwarded to the KYC process.

Make sure to use a Web3 Non- Custodian Wallet | Transactions from CEX wallet aren't allowed (e.g. Binance, Gate.io…)

Secured by

If you are interested in making a purchase for USD 500 or less, please join our upcoming public sale.

Join Private Sale

Important

All participants will need to pass KYC prior to making purchases. This is part of the automated process. When you select your purchase option, you will be forwarded to the KYC process.

Make sure to use a Web3 Non- Custodian Wallet | Transactions from CEX wallet aren't allowed (e.g. Binance, Gate.io…)

Secured by

If you are interested in making a purchase for USD 500 or less, please join our upcoming public sale.

Join Private Sale

Important

All participants will need to pass KYC prior to making purchases. This is part of the automated process. When you select your purchase option, you will be forwarded to the KYC process.

Make sure to use a Web3 Non- Custodian Wallet | Transactions from CEX wallet aren't allowed (e.g. Binance, Gate.io…)

Secured by

If you are interested in making a purchase for USD 500 or less, please join our upcoming public sale.

ICO PHASES

Road to PING launch

Institutional Raise

Institutional Raise

Active

Active

Private Sale

Private Sale

Active

Active

Soon

Soon

Public Sale

Public Sale

Soon

Soon

TGE

TGE

Soon

Soon

Subscribe to our newsletter to know when the next phases go live

ICO PHASES

Road to PING launch

Institutional Raise

Active

Private Sale

Active

Soon

Public Sale

Soon

TGE

Soon

Subscribe to our newsletter to know when the next phases go live

Tokenomics

Tokenomics

Tokenomics

Launch Price

0.024

USD

Ticker

PING

Circulating Supply (TGE)

info-circle

277,492,500

PING

Total Supply

info-circle

750,000,000

PING

Market Cap (TGE)

info-circle

6,659,820

USD

FDMC

info-circle

18,000,000

USD

Distribution

Distribution

FAQs

FAQs

How does the process work?

Which currencies do you accept?

Are there any taxes or fees on the token?

Can I participate if I am on a sanctions list as an individual / company?

Can I participate if I am a resident of a country on a sanctions list?

What about data privacy and data protection?

What happens if I don’t receive automatic approval?

What if I have dual nationality?

How is the referral bonus calculated?

What about currency conversions when buying in the Presale?

Not Investment Advice

The information provided in this whitepaper or on the Sonar platform does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Sonar does not recommend that any cryptocurrency should be bought, sold, or held by you. Conduct your own due diligence and consult your financial advisor before making any investment decisions.

Accuracy of Information

Sonar will strive to ensure accuracy of information listed on the website although it will not hold any responsibility for any missing or wrong information. Sonar provides all information as is. You understand that you are using any and all information available on the Sonar platform at your own risk.

Non-Endorsement

The appearance of third party advertisements and hyperlinks on Sonar does not constitute an endorsement, guarantee, warranty, or recommendation by Sonar. Conduct your own due diligence before deciding to use any third party services.

Risks

As with all investment opportunities and DeFi projects, there is an element of risk, and every user or participant should consider the risks below as well as professional legal/financial advise prior to acquitting PING tokens.

The following is a non-exhaustive disclosure of principal risk factors which are considered to be material by the Company in connection with the ICO and the acquisition, holding and/or use of the PING Token in addition to the use of Sonar Products and Apps as applicable at any moment in time. Users are advised to consult with their professional advisers before deciding to obtain PING Tokens.

The Company believes that the following risk factors may affect the company itself, the participants/users as well as future partners, investors, shareholders. By acquiring, holding, and using PING Tokens, the Participant expressly acknowledges and assumes the following risks:

Acquisition of PING tokens

The acquisition of PING Tokens through centralized exchanges (CEX) or decentralized exchanges (DEX) is only suitable for those who are capable of evaluating the merits and risks of such an acquisition, or else to those that have been professionally advised concerning the token acquisition.

The acquisition is suitable for those that have sufficient financial resources to be able to bear any losses that may arise which in extreme (but possible) scenarios may be equal to the whole amount spent in connection with the token acquisition. Such an acquisition should not be seen as an investment or a financial asset.

Risk of losing access to PING Tokens due to loss of Private key/s, Custodial Error or User error

A DeFi or CEX Wallet is necessary to acquire, hold, and dispose of Tokens. The User hereby understands that he is responsible for setting up the Wallet with a third-party provider or, in due time, to set up the Sonar Wallet, in order to hold PING Tokens.

The user is responsible for implementing reasonable measures for securing the Wallet and the loss of private key/s associated with the Wallet may result in the loss of PING Tokens and any other cryptocurrencies and/or tokens held within. Moreover, any third party that gains access to such private key/s, including by gaining access to login credentials of the Wallet may be able to acquire the user´s PING tokens and any other assets held in the wallet.

Any errors or malfunctions caused by or otherwise related to the Wallet may also result in the loss of the PING Tokens and all other assets held in the wallet. Additionally, the User´s failure to follow the procedures provided in the Terms for acquiring and receiving PING Tokens, including, but not limited to, the provision of the wrong Wallet address for receiving PING Tokens, may also result in the loss of PING Tokens.

Risk of hacking and security weakness

Hackers or other groups or organizations may attempt to interfere, dishonestly acquire or steal PING Tokens using several methods, including, but not limited to, denial-of-service attacks, Sybil attacks, spoofing, smurfing, malware attacks, consensus-based attacks, manipulation, social engineering and any such similar events which could have an impact on PING Tokens, their value, the Sonar apps and products.

Risk of Security breaches

There is a risk that the Smart Contract, the Website, the Sonar Apps, Wallets, products, and PING tokens may unintentionally include bugs susceptibility to exploits due to possible weaknesses in the source code interfering with the use of, or causing the loss of, PING Tokens, their value.

The source code of the Website is open and could be updated, amended, altered, or modified from time to time. The Company is unable to foresee or guarantee the precise result of an update, amendment, alteration, or modification. As a result, any update, amendment, alteration, or modification could lead to an unexpected or unintended outcome that adversely affects PING Tokens and/or all the Sonar apps and products. As a result, PING Tokens may be lost.

Risk of no listing or low/no liquidity

Even though there are currently online services available which enable an exchange of cryptographic tokens with other such tokens, or even enable the exchange of cryptographic tokens for fiat money, there are no warranties and/or guarantees that PING Tokens will be made available for exchange with other cryptographic tokens and/or fiat money.

No guarantees are given whatsoever concerning the capacity and/or volume of such exchange/s. Such exchange, if any, might be subject to poorly understood regulatory oversight, and the Company does not give any warranties regarding any exchange services providers. Users might be exposed to fraud and failure affecting those exchanges. Furthermore, there can be no assurances that such exchanges have enough liquidity to support the trading of PING tokens, and that the token holder may be unable to effect a transaction.

Risk of an eventual fluctuation and volatility of PING Tokens’ value

The Sonar products and apps are intended to be financially self-sufficient and self-financing the Company's costs and plans. The Company commits to have no specific interest in the market value of PING tokens and it shall not be directly affected by unfavorable fluctuation of PING Tokens’ value.

On the other hand, Tokenholders are subject to such risk of eventual volatility due to a number of factors. In addition to the general market conditions, there are several potential events that could exacerbate the risk of fluctuation in the value of PING Token, including significant security incidents or market irregularities at one or more of the significant cryptocurrency exchanges.

Risk of Competing companies, apps and platforms

It is possible that alternative or third party companies, apps, platforms could be established that utilize the same, or better, code, systems, technologies and offer services that are materially similar to those offered by Sonar.

Sonar may compete with these alternatives, which could negatively impact the Sonar apps, products, as well as the utility and consequent value of PING tokens

Risk of uninsured losses

Unlike bank accounts or accounts at some other financial institutions, PING Tokens are uninsured unless the User specifically obtains private insurance to insure them.

The Users are responsible for their own assets and should follow standard security procedures as well as follow advice of financial and legal experts.

In the event of loss of PING Tokens or loss of PING Tokens’ value, there is no public insurer or private insurance arranged by the Company to offer recourse to the User.

The risk associated with uncertain regulations and enforcement actions

The regulatory status of DLT Assets and their offering may be unclear or unsettled in many jurisdictions. It is difficult to predict how or whether regulatory authorities may apply existing Regulation, or enforce new regulations concerning technology and its applications, including the Sonar apps and products as well as PING tokens.

Regulatory actions or changes to law and regulations could negatively impact PING Tokens and Sonar apps and products in various ways, including, but not limited to, a determination that the acquisition, holding and use or disposal and transfer of PING Tokens constitutes a regulated instrument that requires registration or licensing of those instruments or some or all of the parties involved in the acquisition, contribution, sale and delivery thereof.

The Company may cease operations or interrupt the token sale in a jurisdiction if regulatory actions, or changes to law or regulations, make it illegal to operate in such jurisdiction, or if it is commercially undesirable or no longer viable to obtain the necessary regulatory approval/s to operate or to provide the Sonar apps and products in such jurisdiction.

Risk of insufficient interest in PING Tokens and Sonar Apps and Products

PING Tokens and the Sonar apps and products may become obsolete and not used by a large number of individuals, companies, and other entities, or there may be limited interest in the use of PING Tokens and Sonar apps and products.

Such a lack of use or interest could negatively impact the development of the Sonar Apps and Products and therefore, the potential utility of PING Tokens

Risk of mining attacks

As with other decentralized cryptographic tokens based on the ERC20 token standard or similar, PING Tokens are susceptible to attacks by miners in the course of validating on chain, including, but not limited to, double-spend attacks, majority mining power attacks, and selfish-mining attacks.

Any successful attacks present a risk to PING Tokens, including, but not limited to, accurate execution and recording of transactions involving PING Tokens.

Internet transmission risks

There are risks associated with using PING Tokens, including, but not limited to, the failure of hardware, software, and Internet connections, or other technologies on which the Sonar apps and products rely on.

Such failures may result in disruptions to communication, errors, distortions, or delays when using PING tokens or Sonar apps and products.

Risk of dissolution of the Company

Due to a variety of reasons, it is possible that a decrease in the PING token utility may arise due to failure of commercial relationships, unfavorable market conditions, intellectual property ownership challenges, competitor challenges, added compliance and regulatory obligations, and more.

In such cases, the use of the Sonar products and PING tokens utility might no longer be viable to be offered or the Company may need to cease trading and be dissolved and liquidated.

Risk arising from lack of governance rights

Since PING Tokens do not represent or confer any ownership right or stake, share or security or equivalent rights, intellectual property rights or any other form of participation relating to the Company, all decisions involving the Company will be made by the Company at its sole discretion, including, but not limited to, decisions to transfer more PING Tokens for use, and to sell or liquidate the Company.

These decisions could adversely affect the utility and value of the PING Tokens.

Regulatory risks and market risks

The Company and its operations are or may be subject to domestic and/or EU and international laws, regulations, and directives. Existing laws may be subject to change whilst new directives may be implemented. These may include privacy and data protection, consumer protection, data security, and others.

The new (or changes to existing) laws, regulations, or directives may affect the Company, the PING tokens, the Sonar Apps and products. This could impact the utility of PING tokens Platform. Furthermore, users/participants/investors may also be subject to new/changes to existing laws, regulations, and directives. This could also impact the accessibility and utility of PING tokens.

The user hereby accepts the risk that in some countries, PING Tokens might be considered, now or in the future, a security token. In this case, the Company gives no representations, warranties, or guarantees that the PING Tokens are not considered to be security tokens, securities, financial instruments or similar medium, in all countries. The users hereby accept to be solely responsible for the legal, financial, and any other risks connected to PING Tokens as a security in their country and to be the only responsible for checking if the holding, using and the disposal of PING Tokens is legal in their country.

Furthermore, changes in laws, regulations, and directives governing the Company’s operations, including but not limited to changes to the applicable tax regime may adversely affect its business. Any change in the Company’s tax status, or taxation legislation, could affect the value of its financial holdings, its business, the Company’s ability to achieve its business objectives and continual commitment to the development and adherence to the roadmap.

Other inherent risks

The User understands and accepts the inherent risks associated with PING Tokens, to the extent not covered elsewhere in the terms, including, but not limited to, risks associated with (a) money laundering; (b) fraud; (c) exploitation for illegal purposes; and (d) any other unanticipated risks.

Unanticipated risks

In addition to the risks included in this Litepaper, there are other risks associated with the User´s acquisition, holding, and use of PING Tokens, as well as the use of the Sonar apps and products, including some that the Company cannot or may not anticipate.

The user assumes full responsibility for any restrictions and risks associated with the holding or use of the PING Tokens as well as the Sonar apps and products. If any of the risks mentioned in the terms are unacceptable or the User is not in a position to understand them, the User should not acquire, hold, or use Ping Tokens and should not use Sonar apps and products.