[ANN] SophiaTX Announcement - The Blockchain for Business

[captainhera]

I'm seeing a lot of crappy ICO's lately but this one does have a valid use in business. Sap/Dynamic/... is just something most companies use .

I agree with you. The ICO market got crowded with shit ICOs. Time to focus on existing projects and only pick the best ICOs.

90% of projects may not work, we need to look for projects with a unique idea and a team with a lot of experience. SophiaTX is a promising project.

Indeed, it really is.
Cant wait to see more updates from this project. This can be huge with a great future.

[1714731074]

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[Amelie Poulain]

do we need KYC or whitelist? when process starting? only few days left for ico.

KYC registration is open, you can see it on the website https://www.sophiatx.com/
two more days until token sales start

yes, KYC procedure is mandatory for all the SophiaTX TGE participants.

I wish there was a way to get around it. But i guess i will have to comply to invest in sophia

Or you can wait until the tokens get to exchanges and buy on the exchange. that way you can get around the KYC registration

It's a way to get around it but there's a risk os having to pay in a higher prize. I guess you can not have everything.

yeah and there's no bounty so, less chances of any dump. It's better to go through the kyc rather than paying big amount later.

i hope there is no dump in this project ,i invest some project recently , the price will below half of price ico , i didn't know why .

I seriously doubt that this would dump at the start... only way that i see that haening is if the bitcoin jumps insanely, and everone gets fomoed. But i don't think that's going to happen any time soon.

There are no prerequisites for dump, it can be happen if project spend lot of money to bounty company, but in this project it will not happen, and this is good for investors.

[Trrrt]

I also think that there a lot of project in crypto, and project like SophiaTX are the best. A unique concept, a disruptive idea and an experienced and serious team. All of that is indicators of sucess I think !

[Cauchy]

 Now ive finally come around to do the KYC, looking forward to participate in the sale on tuesday 

[Shoxc]

Very interesting project, but the ICO price is a little bit too high with 30 freaking cents 

[cmg12]

I'm seeing a lot of crappy ICO's lately but this one does have a valid use in business. Sap/Dynamic/... is just something most companies use .

I agree with you. The ICO market got crowded with shit ICOs. Time to focus on existing projects and only pick the best ICOs.

that's why people keeps saying to do your research. shit ICO are always gonna be around.

It's not always easy to find the good ones.. we are being overrun with ICO's for the moment and most of them are just never going to make it in the long run.
Just have a look at the number of tokens at etherdelta.. it's insane

That's why I'm happy that I found this project. It's useful for business and this means that price should be increasing after ico

[shashikamal]

Masternode coin a real project as per my study. Well KYC process & bit high ico price of acoin has added more value to your project.

[Rigorous]

Very interesting project, but the ICO price is a little bit too high with 30 freaking cents  

What do you mean? What does it matter how much a token costs? Whether you get 1 token for 30 cent or 10 tokens for 3 cent, in the end you pay the same amount.

[cmg12]

Masternode coin a real project as per my study. Well KYC process & bit high ico price of acoin has added more value to your project.

You want to compare some master node POS token to real project like SophiaTX? Good one...

[Rigorous]

Masternode coin a real project as per my study. Well KYC process & bit high ico price of acoin has added more value to your project.

You want to compare some master node POS token to real project like SophiaTX? Good one...

These days you should not take such messages seriously. Just check that user's post history.

[Rigorous]

Sounds very interesting, although I think the hardcap is way too high and thats why I am not gonna invest

115,000 ETH. That is about $50 million. 45% will be spent on development and operations. You would think at some point there is enough money to finish development, especially when most of it takes place in 2018. Another project solved that by, after reaching a threshold, reallocating funds from development to the bottomless pit called marketing.

On a side note, I found an old article about the funding of Ethereum itself.

https://www.coindesk.com/ethereum-bitcoin-decline-9-million-funding-shortfall/

They raised 31,529 BTC, then worth $18.4 million.

However, the price of Bitcoin fell against the dollar rapidly. Vitalik said they did not sell their Bitcoin quickly enough, so they came $9 million short.

Today, if they held all Bitcoin instead, it would be worth $346 million.

[PS92]

Sounds very interesting, although I think the hardcap is way too high and thats why I am not gonna invest

115,000 ETH. That is about $50 million. 45% will be spent on development and operations. You would think at some point there is enough money to finish development, especially when most of it takes place in 2018. Another project solved that by, after reaching a threshold, reallocating funds from development to the bottomless pit called marketing.

On a side note, I found an old article about the funding of Ethereum itself.

https://www.coindesk.com/ethereum-bitcoin-decline-9-million-funding-shortfall/

They raised 31,529 BTC, then worth $18.4 million.

However, the price of Bitcoin fell against the dollar rapidly. Vitalik said they did not sell their Bitcoin quickly enough, so they came $9 million short.

Today, if they held all Bitcoin instead, it would be worth $346 million.

The Ethereum Foundation is funded more than enough with the Ether they held for themselves.

[Rigorous]

Sounds very interesting, although I think the hardcap is way too high and thats why I am not gonna invest

115,000 ETH. That is about $50 million. 45% will be spent on development and operations. You would think at some point there is enough money to finish development, especially when most of it takes place in 2018. Another project solved that by, after reaching a threshold, reallocating funds from development to the bottomless pit called marketing.

On a side note, I found an old article about the funding of Ethereum itself.

https://www.coindesk.com/ethereum-bitcoin-decline-9-million-funding-shortfall/

They raised 31,529 BTC, then worth $18.4 million.

However, the price of Bitcoin fell against the dollar rapidly. Vitalik said they did not sell their Bitcoin quickly enough, so they came $9 million short.

Today, if they held all Bitcoin instead, it would be worth $346 million.

The Ethereum Foundation is funded more than enough with the Ether they held for themselves.

If you read page 39 of SophiaTX's whitepaper you will see there will be plenty of SPHTX for the team too.

Anyway, my point was to put SophiaTX's hard cap into perspective. It is more than Ethereum needed, but it also less than the theoretical value of BTC they raised. SophiaTX can probably cut some costs by benefiting from the knowledge gained from other projects too.

Even though our roadmap is maybe optimistic, you have to take into account that creating something better from a scratch is always easier than updating the running system. Ethereum has a lot of problems that need to be fixed first for it to be even considered to be used by serious businesses. It wasn't created with international corporations and wast supply chains in mind but SophiaTX is. And blockchain is evolving fast so when they were creating the Ethereum they couldn't know a lot of things that we know now - partially thanks to them. New projects are learning from the mistakes of their predecessor. Until they solve one problem on a running platform we will avoid five just by designing it with the problems in mind.

[Shoxc]

Very interesting project, but the ICO price is a little bit too high with 30 freaking cents  

What do you mean? What does it matter how much a token costs? Whether you get 1 token for 30 cent or 10 tokens for 3 cent, in the end you pay the same amount.

30 cent is way to high for an ICO price. You'll do better if you buy after the initial dump when they hit an exchange.

[magisterr]

Very interesting project, but the ICO price is a little bit too high with 30 freaking cents  

What do you mean? What does it matter how much a token costs? Whether you get 1 token for 30 cent or 10 tokens for 3 cent, in the end you pay the same amount.

30 cent is way to high for an ICO price. You'll do better if you buy after the initial dump when they hit an exchange.

Price on stage 1 is 29 cent - 0.000627 x 467 (current ETH price) + 10% bonus, if you buy with DST - so 26 cent.

[toolucky98]

Very interesting project, but the ICO price is a little bit too high with 30 freaking cents  

What do you mean? What does it matter how much a token costs? Whether you get 1 token for 30 cent or 10 tokens for 3 cent, in the end you pay the same amount.

30 cent is way to high for an ICO price. You'll do better if you buy after the initial dump when they hit an exchange.

It depends on the supply actually.

[wonderfullife]

About the security around the traceability of the products Sophiatx offers a bit the same possibilities that Paragon to control all stages of the production. To be more precise SophiaTX's integration with the system will allow pharmaceutical companies to write their product directly into the blockchain, thereby adressing issues of counterfeiting; compliance; supply chain conditions; traceability and recalls.

[Yasemin]

Very interesting project, but the ICO price is a little bit too high with 30 freaking cents  

What do you mean? What does it matter how much a token costs? Whether you get 1 token for 30 cent or 10 tokens for 3 cent, in the end you pay the same amount.

30 cent is way to high for an ICO price. You'll do better if you buy after the initial dump when they hit an exchange.

I dont understand why people are saying the price is too high, can you explain why you think that? What would be a reasonable price and why?

[pynetx]

Very interesting project, but the ICO price is a little bit too high with 30 freaking cents  

What do you mean? What does it matter how much a token costs? Whether you get 1 token for 30 cent or 10 tokens for 3 cent, in the end you pay the same amount.

30 cent is way to high for an ICO price. You'll do better if you buy after the initial dump when they hit an exchange.

It depends on the supply actually.

totally agree with you on that. Supply has a major effect on the price. I don't think that 30 cents are much for SophiaTx.

[jonnytracker]

So many economist in the house right now. I wish I understand all the gibberish