Early Wallet Sign-Up Bonus Started
Early sign-up for the most profitable and no fee platform for trading and holding crypto is here. Sign-up now and get an extra 2% on ALL purchases and a one time 200 tokens!
Sign-up instructions at:
http://www.soferox.com/wp-content/uploads/2017/08/SoferoxWalletSetup.pdf waiting for more info. Anyway do you need Filipino translation?
Pre-sale price is going to be $0.10 + 30% more tokens.
Est. Market entry price is going to be around $0.20! Don't miss out on any bonuses!
Follow link below for sign-up.
https://mysoferox.comWe are excited to announce Soferox. This is going to be a new way to trade and hold cryptos. The most notable feature will be the ZERO FEE structure. That is correct. We want to create an environment that allows users to send funds to one another and not get charged a fee every time they do a transaction. We are also going to offer some other really awesome features and really give our users incentive to stay, and reward them for that loyalty.
This is going to be a revolutionary system as the users are also the miners with the new service we call PoP (Proof of Pact).
Since this is new and we don't want anyone copying this the white paper for PoP will be released closer to our Pre-Sale date, but you will have a chance to read over it before any kind of investing happens.
Quick Intro At:
https://www.youtube.com/watch?v=laS5mn7r944&feature=youtu.beCheck out
www.Soferox.com for more information. Below is a quick intro to the white paper which will be posted tonight, July 24, 2017. Feel free to head on over to website and contact us with any questions. What I am sure most people will think is that we are an exchange with some extra features, but we will be one of the first exchanges to have a crypto backing us that we can then utilize to create zero fee transactions and allow you to pay for other more premium services.
Our main vision is to not punish our users for high volume transactions, but reward them for being loyal and using our system. Once we achieve this bridging the gap to the commerce side of things will be quite easy with our invoicing platform of USD -> Crypto.
For more immediate help email
support@soferox.comWhite Paper is available! Go to the document sections of our website to find it.
http://www.soferox.com/documents/Affiliate and Referral Program Activehttp://www.soferox.com/affiliate-referral-program/Anyone can sign up for a referral code and get
3% of the total SFX tokens sold back to you.
The person using it gets an extra
2% also on top of their SFX tokens being purchased.
So if your code is used on 100,000 SFX tokens you get 3000 SFX tokens.
The affiliate program will be screen and selected on how we see fit.
Tiers are:
0-100K = 5% + 2% for purchaser
101k - 250k = 7% + 3% for purchaser
251k - 500k = 10% + 4 % for purchaser
501k and up = 12% + 5% for purchaser
BOUNTY PROGRAM HAS BEGUNSignature Campaign :
https://bitcointalk.org/index.php?topic=2119895.0We are going to begin bounty programs for two things:
Advertising
&
Translations.
We would like any and all submissions and try to submit them to
http://www.soferox.com/ico-bounty/Advertisers who make a solid impact will also get bonus SFX during ICO Sale.
We are looking for people to partner in with advertising.
We will do payout either in the middle or at the end of the pre-sale.
Bounty signup is here! Go there to signup and reserve your free SFX Coins for helping! Once you fill form out we will contact you with offer based on what you are wanting to participate in!
http://www.soferox.com/ico-bounty/Translations:Indonesian -
https://bitcointalk.org/index.php?topic=2076485.0Hindi -
https://bitcointalk.org/index.php?topic=2074987.0Russian -
https://bitcointalk.org/index.php?topic=2076380.0French -
https://bitcointalk.org/index.php?topic=2080404.0Chinese -
https://bitcointalk.org/index.php?topic=2088450.0Press
UPDATE ON SEC RULING:
Read our full statement here:
http://www.soferox.com/uncategorized/sec-ruling-and-does-it-affect-us/I know with the latest SEC Ruling,
https://www.sec.gov/news/press-release/2017-131, a lot of people are worried and I'd like to address this.
First Soferox is a registered entity with appropriate tax filing and everything. Secondly we have emailed the SEC and gone over the full document and have determined what steps need to be taking to legitimize everything. The good news is we don't have to stop and can proceed. The tokens being sold by us don't fall under the Howey test and therefore cannot be considered securities.
The SFX Token is more to be considered as a tool to use the platform and not as a currency. Another thing strongly mentioned in the ruling is the "Promise of reward". We want to also be clear that we are not asking for investment and then promising in return you will rewarded on that investment. Rather we reach out more as a crowdfunding approach and want to build a service that can be usable by crypto holders in the future.
Soferox LLC
Soferox, an American based company, is an electronic commerce (e-commerce) company that facilitates payments between parties through online funds transfers. We will accept funds in the form of Cryptocurrencies and USD.
Soferox has specialized in delivering strong and robust web based applications and has decided to extend that skill to the Cryptocurrency world. Soferox was founded by some very talented people, each of whom brings a diverse group of talents from computer science, marketing, math, and many more. Most importantly we all believe greatly in the company and the services we provide.
Our main goal here is to provide a new way to acquire crypto’s and tap into the commerce side of things. We also want to make it easy to exchange them while not charging a fee for every single transaction. We want to create an environment and platform that rewards it’s users for staying within and keeping your cryptos with us, but we don’t want to stop there. We want to give you a way to request funds from people on any platform and regardless of their knowledge of cryptos be able to pay you and you get the funds in whatever desired crypto. This means exactly what you are thinking and an integration API will be built with the main application. We want to see this integrated to websites, business platforms, and any other imaginable way you can think of.
Because of our faith in this project, we are locking our share of the SFX tokens for 1 year. Also during that period, we will be unable to trade or transfer the tokens received as part of the ICO. The rewards from those shares will go back into the pool to help increase the size of the underlying assets held by SFX. This will increase the value of the software and give it stability to perform services with our “No fee” approach. This heavily benefits all token holders during this time as it 1) increases rewards value of the initial investors, and 2) increases value for the SFX token itself, because the underlying assets are also increasing. By the end of the 1 year locked period, we project that the fund will be in a stable growth that Soferox LLC employees can begin to receive payouts from their shares if they so choose.
SFX Token
SFX tokens are purchased at different exchange rates during the ICO. During pre-sale, purchases are given 30% more tokens until it closes 14 days later. Once the ICO starts, purchases during the first phase will receive 20% more and tokens purchased during the next phase will receive 10% more, purchases made after the 2nd phase ends will receive no bonus. The tokens are locked during the presale and the ICO and will be released upon the completion of the ICO. There is a hard cap of 200 million SFX tokens in total for the ICO. There is a finite supply of 1 billion SFX total.
1. Tokens are purchased by sending crypto to the payment gateway. The exchange rate is based on how many tokens have been sold and can be seen in the contract source.
2. After sending payment, we will send out payments in batches.
3. Once the ICO ends, users will be able to access their tokens and begin using within the application.
4. 1 SFX Token = 1 SFX Coin.
During presale and the ICO, purchases can receive extra tokens. During this time, all purchases will be given 30% more tokens. Once the ICO starts, the bonus structure will change to the following:
• Phase 1 of the ICO will offer 20% more tokens on purchases.
• Phase 2 of the ICO will offer 10% more tokens on purchases.
• Phase 3 of the ICO will offer no bonus tokens.
Pricing structure will work as follows:
Pre-sale each SFX token will cost $0.10
Phase 1 each SFX token will cost $0.12
Phase 2 each SFX token will cost $0.14
Phase 3 each SFX token will cost $0.16
Software Build Architecture
The software will be modeled to a similar approach of other commercially available commerce platforms. We will have a standard user account, which is free, and a merchant account.
The point of this is to cater to both crowds. We want to provide a platform for the everyday user and give them the ability to tap into this market without having to have experience, or capital. The merchant side of things will be for people wanting to charge their customers with our software and receive payments from USD to whatever currency choice they choose (BTC, ETH, SFX, Etc.).
We fill this will provide the best of both words. Merchants will pay a small monthly fee, however, should someone paying sign up for an account and pay us; they will not be charged any transaction fees. This again is to promote the use of the software and build a strong community of users, much like PayPal has done.
Key features will consist of:
• Ability to turn coins into other coins, NO FEE.
• Ability to trade coins with other users, NO FEE.
• Ability to store coins with us in a protected safe environment, NO FEE to store, however, whoever you send them from may charge you a fee to send them. We will also offer monthly insurance on coins should something happen, or fraudulent activity to help you recover lost funds.
• Ability to send invoices and have customer pay in USD, and we translate and pay you in the coin or split coins of your choice. There will be a credit card fee that can either be offloaded to customer, or you can eat that and integrate into prices.
• The Soferox Vault
• You can withdrawal coins at any time to have sent to outside addresses. There will be a fee to take coins out of the Soferox platform. This is only done to cover our cost of sending coin out, but we also want to incentivize users to keep coins within to take advantage of the no fee system from within the platform.
• Full UI will be available that will provide detailed statistics, reports, and many other useful bits of information.
• Security and privacy will be first and foremost.
• Anonymous transactions will be allowed.
• Inner software transactions are ALL instant. That includes crypto to crypto trades and the sending of crypto to other users.
The Soferox Vault
This is quite possibly one of our more exciting features. This feature will allow you to setup two kinds of things in the vault, a trust, and the crypt. The trust is a feature that will allow multiple users to deposit funds into a global account for all authorized users. This will allow for a more efficient way to combine funds and manage them in a group environment. The crypt is a feature that will allow you to deposit money into savings like account that over a year can accrue interest. The trust will also be allowed to grow interest.
The Trust
The trust will have a lot of neat features and some are listed below.
• Zero Fees, but a 1 time setup fee paid by the trust owner. You get this fee back in interest easily.
• Included in both standard and merchant packages
• Funds stored in offline wallets that are geographically distributed around the world.
• You can enable scheduled deposit and withdrawals
• You have a 48 hour window to cancel withdrawn funds and bring back into the trust
• You have owners and co-owners of trust who can approve withdrawals from standard trust users. This makes sure standard users don’t try and withdrawal too much or funds that shouldn’t take. You must have at least 1 approval for all withdrawals, unless you are an owner of the trust.
• The account will have a guaranteed fix rate of interest that is annual.
• No limit to withdrawals.
• Must have a minimum of 0.1 of any coin.
• There is no maximum. You can have as much in the trust as you want.
• There is no minimum deposit amount. Just must have a balance of at least 0.1 coin
• Interest paid on a maximum of 100 of any coin. This could change and be higher for some of the alt coins, but 100 BTC is the max for right now of what you can gain interest on.
• Interest rates will are to be determined, however, pre-sale and ICO phase participants will get a higher guaranteed rate as a reward for early signup.
• If at any moment a trust balance is put at 0, all members of trust will be notified to insure this was an approved action.
• Must have a Soferox account to user vault features.
The Crypt
The Crypt is a something designed for single users and has great benefits. Some of the benefits will be listed below:
• Zero Fees
• Included in both standard and merchant packages
• Funds stored in offline wallets that are geographically distributed around the world.
• You can enable scheduled deposit and withdrawals
• No limit to withdrawals.
• Must have a minimum of 0.1 of any coin.
• There is no maximum. You can have as much in the crypt as you want.
• There is no minimum deposit amount. Just must have a balance of at least 0.1 coin for interest
• Interest paid on a maximum of 100 of any coin. This could change and be higher for some of the alt coins, but 100 BTC is the max for right now of what you can gain interest on.
• Interest rates will are to be determined, however, pre-sale and ICO phase participants will get a higher guaranteed rate as a reward for early signup. So sign up early!
• Money can be sent directly from crypt to other users for no fees.
• Must have a Soferox account to user vault features.
• 1 crypt is included for free, and if you want more than 1 additional ones can be purchased for a monthly fee and will still be allowed to grow interest.
The Crypto Economy
As of right now trading crypto’s affects the market on a much larger scale. If you trade 1 million dollars for Euros the market has enough structure to absorb that and not cause the USD or Euro to fluctuate but maybe 0.01%. This is something that crypto’s struggle with and if someone did that you could see anywhere from 1%-10%, and we have seen this. Our software will help with that spreading transactions over many different exchanges and when trading from within allowing for no major hurt on the market. This helps create a win-win for everyone as massive trades and moves, won’t be reflected at a high of 10% but more towards the 0.01% target.
Can we buy from Soferox?
Eventually yes. The first goal is to get an established user base and once we see a good amount of Bitcoin and Ethereum stock piled to a point we feel is safe to sell we will allow the buying of the currencies on our platform. This will have huge benefits as you won’t pay two fees. Normally you buy from an exchange and that will cost you x amount in fees. Then to send the crypto it will cost you also. Now all that happens is a small fee to cover the transaction and you have the funds to immediately disperse to your vault, or to trade with other users. If you decide to take money out of your Soferox account the same leaving fee applies.
Additional Features
As the software grows and evolves we will add more and more features. A phone app is on the forefront to be released alongside the web app. Phone app may see final release date after beta however.
Is this Truly a No Fee Platform?
The simple answer is yes. The way it works is ANY, and we do mean ANY transactions from user to user in our system will be FEE free. If you perform many transactions on a daily basis it will be in your interest to send users an invoice with our system. Have them sign up and use their own currency to pay you. This will create NO fee for them and you will get the full amount of money you asked for with no transaction fee.
I am sure you are wondering how we will make money. This is quite simple as we will be one of the first platforms with a currency backing behind it. The SFX coin with more users joining and using it as a currency within the platform will also help us create value in our product and the coin. We also will charge fees to send money to outside addresses, like different exchanges and so forth, or if someone does a full withdraw. If used correctly though there should be no need for an exchange. We will also have merchant accounts that give us monthly fees.
The goal of this product is not a get rich quick kind of product. We want to begin giving the ability to harness the power of Cryptocurrencies and begin seeing them appear on sites and giving people the option to pay with them. An easy to use commerce platform does not exist, but we aim to change that with the Soferox platform.
What does it mean for you to store money?
This is the key concept of how we can do Fee Free transactions. We act like a bank, and hold the funds deposited, much like other online wallets. The difference is when trading from user to user within our system we don’t charge a fee. We do this to reward you for leaving your funds from within our safe and secure multi-server cold wallet system. This system has cold wallets not susceptible to online attacks, which move from server to server keeping funds safe. Even if hackers found the location of a wallet, it would be irrelevant as that location would be different the next day.
What is a multi-server cold wallet system?
This system is what provides our strong layer of security. We have an array of servers that are spun up daily where our cold wallets are moved to. Once a wallet is moved from a server, that server instance is destroyed never to be used again. We also have funds dispersed in an undisclosed amount of wallets. We also use multi-signature wallets to prevent the monitor of our funds. We will also keep roughly 20% or so of funds in FIAT type funds to help secure assets and insure things.
Our goal is to not only provide you with a fee free system, but a safe system. Let us take the burden and stress of storing coins.
Opportunities
The opportunities with this platform are truly endless. With commerce moving more and more to internet based business we can now provide a way to tap into that market and begin selling goods and services for crypto’s regardless of what the buying parties knowledge is on Cryptocurrency.
SummaryI think the best way to describe the Soferox software is a Cryptocurrency holding and trading platform, with invoicing and other commerce functions. Our main goal is create an environment of users that use this software to trade and exchange coins. We will offer a wide array of features and security benefits that should give incentive to use the software and keep funds within it. We want to see the commerce and E-commerce markets begin to utilize this currency as it truly is revolutionary.
