Here is why the SophiaTX is a good project: - We already have a working prototype! You can read about it on our blog here. There will be another blog within the 24 hours that will describe the Proof of Concept in a bit more detail.
- We have the first class experts on our team. You can always see members of our team as well as our advisors on our website, where you can also find links to their LinkedIn profiles.
- We have high potential use cases which you can find in our Whitepaper, as well as real customers in the pipeline, some of which we will announce before the start of the TGE (probably next week)!
- Here is also some media coverage from thrustworty media that we've got: FORBES, iTreasurer, BlockTribune, Global Association of Risk Professionals - GARP, even the SAP.
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A lot of new people joined our Telegram group because we have been mentioned in some big ICO groups. We decided to create a Telegram channel where you can find all the important announcements: https://t.me/SophiaTX_ANN
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We are attending the Lantern Fund Forum in Lugano, Switzerland, the most important event focused on Asset Management, Investment Tools, and Fundamental Analysis. |
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A Blockchain for Buisness looks promising. Lets take a look into the whitepaper  White paper is nicely laid out. not too big. I would recommend reading. I know SAP is good market but why not oracle? Two is leading in this sector. SAP is the biggest player so it's going first but we will definitely focus on Oracle later as well. |
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"Token generation event is scheduled for Dec 5, 2017 and will last 10 days."
What does this mean? Is this referring to token sales?
Yes, it similar to token sale. It will not be easy. 10 days can be said as short time. I think dev must have a good plan to promote this project among investor and make them interest. Yes 10 days seem very short. Lately some ICOs have been extending the ICO because they did not sell enough. Does SophiaTX have any plans of extending the ICO if it does not hit soft cap? Or sell enough tokens? No, we don't have since we do not have a soft cap. If there will be left some unsold tokens, they will be redistributed to the current SPHTX TGE participants according to their SPHTX stake. (For example, one TGE participant having 2000 SPHTX will receive twice the amount of the participant having 1000 SPHTX, of remaining tokens.) |
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What I really like on SophiaTX is that it will be not just another ERC20-token but having its own blockchain.
So to start you are issuing ERC20 tokens which will later be swapped to your own blockchain? Yes |
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Is there already some partnership standind with some company which will start to use your system? Are you going to present it at any conference / convention?
Yes, we have some companies and we are planning to announce few of them before the TGE (probably next week  ). We will announce them on our blog so we will post it here for sure. |
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According to roadmap there is a schedule for token generation event by the end of this year but you will have your wallet ready in Quarter2 -Quarter3 2018 .
Does this imply that investors will get their tokens during that period?. will follow this project keenly
Participants will receive the ERC20 tokens (probably within the 48 hours after the TGE ends) and when will be the wallet ready we will swap them for SPHTX. |
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You will issue coins after ICO asap? or this will be tokens and we can swap them to coins later?
If you will participate in our TGE (ICO), you will receive ERC20 tokens (probably within 48 hours after the TGE ends) and only after the launch of our wallet (Q2 - Q3 2018) we will swap them for our own tokens - SPHTX |
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Hey I am new to your project and have one question regarding your roadmap.
in Q2 2018 - Q3 2018 you stated that an own wallet and tokens will be released? Does this mean you work on an own blockchain and if the tokensale in December will held will it be based on ETH tokens and afterwards there will be a swap or something?
Yes, you've got it right. We will send ERC20 tokens (most probably within the 48 hours after the TGE ends) and when the wallet will be running in Q2 - Q3 2018, we will swap the ERC20 for SPHTX. |
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The SophiaTX open-source project aims to accelerate the “mainstreaming” of blockchain by applying it to core business applications, with an early focus on SAP’s enterprise resource planning (ERP) software. Read the article by GARP here!
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"Token generation event is scheduled for Dec 5, 2017 and will last 10 days."
What does this mean? Is this referring to token sales?
Yes. You can find more details and all important info about TGE (ICO) in this blog. |
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You will have own blockchain with own coins? Blockchain for busines... its something like Icon project?
Hello. We are not really sure about the comparison to Icon project since we don't know much about it. We will have our own blockchain based on the DECENT design and protocol and we will have our own token - SPHTX. You can read more about the token and it usage in our Whitepaper at page 33 (34 in the pdf). |
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Do you guys have permission from SAP and other to do this integration? SAP is not open source, but your platform is.
We are independent of SAP so we can serve entire application market (Oracle, Microsoft Dynamics, etc.). We are providing a platform and its respective building blocks so that the system integrators and developers are able to build and deploy their own applications. It is the clients of SAP that are deciding factor - not SAP company. |
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Looks like an interesting project. After having a first look at this I wonder if SAP themselves doesnt have or is planning to provide a "standardised" blockchain API ?
So far we know only about Leonardo, which is blockchain-as-a-service and therefore it is suitable for large and midsize organizations seeking a rather private and consortium-based setup. |
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So you will have token generation event in the end of this year but you will have your wallet ready in Q2 -Q3 2018 according to your roadmap. Does that mean that investors will get their tokens only then?
Hi. You will receive the ERC20 tokens approximately 48 hours after the TGE ends and as you saw in our roadmap we will launch wallet and our own tokens - SPHTX (and make a swap) around Q2 - Q3 2018. |
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do you think hard cap of the SPHTX TGE is 115,000 ETH is going to be enough for this platform. nice idea and i can see many of use cases for application. are you guys already working towards any partnerships or private investments?
Our project has a commercial character and TGE (ICO) is there mainly to ensure decentralization and get some funding to get it off the ground. We already have some clients in the pipeline and we do expect it to be commercially viable long before we spend the money. |
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