# Initial SNS Configuration

The SNS will initially be configured with the values shown in the tables below which can all subsequently be changed by proposal:

<table data-header-hidden><thead><tr><th width="589">header</th><th>header</th></tr></thead><tbody><tr><td>Transaction fee in BR23 tokens that must be paid for ledger transfers</td><td>0.001</td></tr><tr><td>Number of BR23 tokens that a rejected proposal costs the proposer</td><td>10</td></tr><tr><td>Minimum number of BR23 tokens that can be staked in a neuron</td><td>5</td></tr><tr><td>Maximum voting period for a proposal</td><td>4 days</td></tr><tr><td>Proportion of voting power needed for a proposal to be accepted</td><td>3%</td></tr><tr><td>Minimum neuron dissolve delay to vote</td><td>1 month</td></tr><tr><td>Maximum neuron dissolve delay</td><td>1 year</td></tr><tr><td>Maximum dissolve delay bonus</td><td>2x</td></tr><tr><td>Maximum age for age bonus</td><td>6 months</td></tr><tr><td>Maximum age bonus</td><td>1.25x</td></tr><tr><td>Percentage of total supply that will be generated annually for rewards</td><td>2.5%</td></tr></tbody></table>

The SNS decentralization sale will be configured with the values shown below:

| SNS token for sale (BR23)                           | 25,000,000         |
| --------------------------------------------------- | ------------------ |
| Minimum ICP amount to be raised                     | 600,000            |
| Maximum ICP amount to be raised                     | 960,000            |
| Minimum number of sales participants                | 100                |
| Minimum ICP per buyer                               | 5                  |
| Maximum ICP per buyer                               | 100,000            |
| End date of sale (unless maximum ICP raised sooner) | 14 Days from start |

#### Token Price Range

The reason to impose a min-max sale target is to give participants a range on the number of BR23 tokens they will receive for their ICP investment. The lower bound of 600k ICP and the upper bound of 960k ICP are set, for a total sale of 25% of the max tokens supply.&#x20;

The value (in ICP) of BR23 tokens upon launch is based upon **how many ICP tokens are raised** in the decentralization sale. The more ICP tokens that are exchanged for 25M BR23 tokens, the higher the value of a single BR23 token. This is because the price of 1 BR23 token equals the amount of ICP earned (between 600,000 and 960,000) divided by the number of BR23 tokens sold (25M).

1 BR23 token would initially be worth **between 0.024 and 0.0384 ICP**. At current ICP price (1st Aug '24) of 1 ICP = $ 8.8, it can be converted to a price range of $0.21 and $0.34, as shown in the following chart:

| ICP price \[ICP/USD] | 8.76       |
| -------------------- | ---------- |
| SNS tokens for sale  | 25,000,000 |

<figure><img src="https://docs.google.com/spreadsheets/d/e/2PACX-1vTo8Lq6AqRIZZLJxv_CgqFf24p1hMEFi1_CMN3lrrdcJN5_ycHmuuuhEcynJPkhuxYJHdGzgRjw8p39/pubchart?oid=1147850799&#x26;format=image" alt=""><figcaption></figcaption></figure>

|                    | Raised ICP Amounts | Token price in ICP | Token price in USD | BR23 per ICP |
| ------------------ | ------------------ | ------------------ | ------------------ | ------------ |
| Minimum ICP amount | 600,000            | 0.024              | $0.21              | 41.67        |
| Maximum ICP amount | 960,000            | 0.0384             | $0.34              | 26.04        |
