[ANN] SophiaTX Announcement - The Blockchain for Business

[the_donald]

Only 8 hours left for token sales to start. If you want to see a quick overview why you should invest, you can have a look at this article:
https://www.sophiatx.com/why-participate.html

thanks for sharing. "No softcap - project will continue" I really like this. it's how you know dev's believe in the project.

[1714687338]

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[1714687338]

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[pynetx]

How long ico open?

Their website says Token Generation Event is from December 5 - 15, 2017.

[BY_ATOM]

Only one day left? Where the hell did the time go? Oh well, If I make a few moves on Ether Delta I could pick some more of these up. I need to collect some more airdrops because the tokens I have now, I am kind of attached to. A handful of Sophia TX will not satisfy me here. Can we get some kind of blow-out final hours sale SophiaTX? 75% off for the last hour of the sale?

There won't be any "blow-out final hours sale" but if there will be some unsold tokens left, they will be redistributed to the current SPHTX TGE participants according to their SPHTX stake.

Thanks for the answer. As for me, it would be better if not sold tokens would be destroyed. This has a positive impact on overall capitalization. Free distribution can lead to a sharp decline in prices immediately after the ICO

[viljy]

A total of 150 million tokens will be distributed regardless of the amount collected. But this is only 30% of the total number of coins that will be in circulation. Another 40% will be added in the second quarter of 2018 (35% Development, Operations, Marketing, Team + 5% Future SPHTX TGE), so the total number of coins will be 350 million. And 30% will be mining - another 150 million. If in the first round the tokens are sold for about $ 0.3, and probably the total amount of 115000ETH will not be collected, and tokens will be distributed among investors, it turns out that the average price of tokens after the ICO is likely to go down. Are these assumptions correct?

[MissedBTCtrain]

Since there is No pre Sale, No bounty, No airdrop of Sophia.

How do you plan to market the ICO and where are the funds to pay for marketing?

[Terrratron]

I'm constantly postponing the kyc process.

How much time it needs for approval. If i start things tomorrow, will it be ready for ico?

KYC can take just a few minutes but if you do not pass and you want to appeal it can take much more time - up to 48 hours. It is always better to do it ASAP just in case  

Already 1 day left? Then the urgent question: driver's license is taken for identification?

It depends if the driver's license is considered as an ID in your country (there has to be everything in English besides the language of your country).

Yes, everything went well. Very fast procedure. But what's next? Where is this button to contribute? Need to wait for the sales to start?

[the_donald]

Since there is No pre Sale, No bounty, No airdrop of Sophia.

How do you plan to market the ICO and where are the funds to pay for marketing?

the marketing can be handled by buying banners and publicity on facebook/coinmarketcap and other crypto websites. not sure about the budget.

[SophiaTX]

We do not have a soft cap, we are already building a prototype on our SAP Cloud and we will continue regardless TGE.

The sentence above should give a good confident to us that there is a guarantee whether the tge will be success or not, this project will continue. What are we waiting for?

We still want to raise some money so we need to give people time to gain their interest and trust and spread the word about our project.  

[SophiaTX]

I'm constantly postponing the kyc process.

How much time it needs for approval. If i start things tomorrow, will it be ready for ico?

KYC can take just a few minutes but if you do not pass and you want to appeal it can take much more time - up to 48 hours. It is always better to do it ASAP just in case  

Already 1 day left? Then the urgent question: driver's license is taken for identification?

It depends if the driver's license is considered as an ID in your country (there has to be everything in English besides the language of your country).

Yes, everything went well. Very fast procedure. But what's next? Where is this button to contribute? Need to wait for the sales to start?

Yes. The contribute button will appear once the TGE starts.

[kraterion]

We do not have a soft cap, we are already building a prototype on our SAP Cloud and we will continue regardless TGE.

The sentence above should give a good confident to us that there is a guarantee whether the tge will be success or not, this project will continue. What are we waiting for?

We still want to raise some money so we need to give people time to gain their interest and trust and spread the word about our project.  

Well telegram group has 1300+ members without a bounty for it,  it's not a low number for sure,  only people really interested in sophiatx there

[SophiaTX]

Since there is No pre Sale, No bounty, No airdrop of Sophia.

How do you plan to market the ICO and where are the funds to pay for marketing?

the marketing can be handled by buying banners and publicity on facebook/coinmarketcap and other crypto websites. not sure about the budget.

There are a lot of marketing activities we are performing, including having banners. As you can see in our Whitepaper on page 40 in the pdf, marketing costs are included in the 35% - Development, Operations, Marketing, Team. You also have to have in mind that SophiaTX (resp. Equidato Technologies) is a Joint Venture by DECENT and Venaco group and they investing both know-how as well as capital and workforce to start this project.

[SophiaTX]

We do not have a soft cap, we are already building a prototype on our SAP Cloud and we will continue regardless TGE.

The sentence above should give a good confident to us that there is a guarantee whether the tge will be success or not, this project will continue. What are we waiting for?

We still want to raise some money so we need to give people time to gain their interest and trust and spread the word about our project.  

Well telegram group has 1300+ members without a bounty for it,  it's not a low number for sure,  only people really interested in sophiatx there

Well, we are ready but it seems that Ethereum is not.

[MandatoryOption]

We do not have a soft cap, we are already building a prototype on our SAP Cloud and we will continue regardless TGE.

The sentence above should give a good confident to us that there is a guarantee whether the tge will be success or not, this project will continue. What are we waiting for?

We still want to raise some money so we need to give people time to gain their interest and trust and spread the word about our project.  

Well telegram group has 1300+ members without a bounty for it,  it's not a low number for sure,  only people really interested in sophiatx there

Well, we are ready but it seems that Ethereum is not.

Yes, seems like the Ethereum network is really clogged right now. Do you consider to postpone the start of your TGE until the situation improved?

[toolucky98]

I'm constantly postponing the kyc process.

How much time it needs for approval. If i start things tomorrow, will it be ready for ico?

KYC can take just a few minutes but if you do not pass and you want to appeal it can take much more time - up to 48 hours. It is always better to do it ASAP just in case  

Already 1 day left? Then the urgent question: driver's license is taken for identification?

It depends if the driver's license is considered as an ID in your country (there has to be everything in English besides the language of your country).

Yes, everything went well. Very fast procedure. But what's next? Where is this button to contribute? Need to wait for the sales to start?

It will start in 4 hours, you can visit their site to check the countdown : https://www.sophiatx.com/

[SophiaTX]

A total of 150 million tokens will be distributed regardless of the amount collected. But this is only 30% of the total number of coins that will be in circulation. Another 40% will be added in the second quarter of 2018 (35% Development, Operations, Marketing, Team + 5% Future SPHTX TGE), so the total number of coins will be 350 million. And 30% will be mining - another 150 million. If in the first round the tokens are sold for about $ 0.3, and probably the total amount of 115000ETH will not be collected, and tokens will be distributed among investors, it turns out that the average price of tokens after the ICO is likely to go down. Are these assumptions correct?

70 % of the team's tokens will be locked for 12 months. 5 % of the future TGE will be generated in the future - so probably not right away in the next year. We probably won't raise 115 000 ETH - that is right, and the nominal price of one token will be therefore lower after the TGE than during the TGE. But we have to consider the real price, not the nominal. You maybe pay more for few tokens in TGE, but you will get the unsold tokens for free. So you have to divide the price you paid by the number of all the tokens you will have. Then you will get the real price you paid for the tokens and there is no reason why should the real price go down. But it always depends on the market.

[matjas]

A total of 150 million tokens will be distributed regardless of the amount collected. But this is only 30% of the total number of coins that will be in circulation. Another 40% will be added in the second quarter of 2018 (35% Development, Operations, Marketing, Team + 5% Future SPHTX TGE), so the total number of coins will be 350 million. And 30% will be mining - another 150 million. If in the first round the tokens are sold for about $ 0.3, and probably the total amount of 115000ETH will not be collected, and tokens will be distributed among investors, it turns out that the average price of tokens after the ICO is likely to go down. Are these assumptions correct?

You've done some thorough research there. I think it's all correct.

[SophiaTX]

We do not have a soft cap, we are already building a prototype on our SAP Cloud and we will continue regardless TGE.

The sentence above should give a good confident to us that there is a guarantee whether the tge will be success or not, this project will continue. What are we waiting for?

We still want to raise some money so we need to give people time to gain their interest and trust and spread the word about our project.  

Well telegram group has 1300+ members without a bounty for it,  it's not a low number for sure,  only people really interested in sophiatx there

Well, we are ready but it seems that Ethereum is not.

Yes, seems like the Ethereum network is really clogged right now. Do you consider to postpone the start of your TGE until the situation improved?

We are actively discussing it and there will be a meeting where we decide how to deal with this situation for everybody's satisfaction. We will, of course, inform you in case there will be any changes.

[Yasemin]

Only 8 hours left for token sales to start. If you want to see a quick overview why you should invest, you can have a look at this article:
https://www.sophiatx.com/why-participate.html

thanks for sharing. "No softcap - project will continue" I really like this. it's how you know dev's believe in the project.

Your welcome. What I particularly like is this part:

''Non-allocated tokens will be distributed to TGE participants.''

I did not know about this, until I read the article.

[MandatoryOption]

We do not have a soft cap, we are already building a prototype on our SAP Cloud and we will continue regardless TGE.

The sentence above should give a good confident to us that there is a guarantee whether the tge will be success or not, this project will continue. What are we waiting for?

We still want to raise some money so we need to give people time to gain their interest and trust and spread the word about our project.  

Well telegram group has 1300+ members without a bounty for it,  it's not a low number for sure,  only people really interested in sophiatx there

Well, we are ready but it seems that Ethereum is not.

Yes, seems like the Ethereum network is really clogged right now. Do you consider to postpone the start of your TGE until the situation improved?

We are actively discussing it and there will be a meeting where we decide how to deal with this situation for everybody's satisfaction. We will, of course, inform you in case there will be any changes.

Okay, I see. It would be totally understandable when you decide to postpone it for a bit. From my experiece a huge part of contribution happens during the early hours of an ICO. It would be a shame when the initial excitement turns into disappointment because the transactions are failing.

[Alt.Estate]

We do not have a soft cap, we are already building a prototype on our SAP Cloud and we will continue regardless TGE.

The sentence above should give a good confident to us that there is a guarantee whether the tge will be success or not, this project will continue. What are we waiting for?

We still want to raise some money so we need to give people time to gain their interest and trust and spread the word about our project.  

Well telegram group has 1300+ members without a bounty for it,  it's not a low number for sure,  only people really interested in sophiatx there

Well, we are ready but it seems that Ethereum is not.

Yes, seems like the Ethereum network is really clogged right now. Do you consider to postpone the start of your TGE until the situation improved?

We are actively discussing it and there will be a meeting where we decide how to deal with this situation for everybody's satisfaction. We will, of course, inform you in case there will be any changes.

But as of now, you are planning to start in time which is in about four hours, isn't it? Or are any updates still possible?