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SophiaTX (OP)
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December 12, 2017, 03:20:02 PM |
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So, you guys are planning to make your own blockchain. then there will be token swap right?
Yes, as soon as their own blockchain is ready, there will be a swap from the ERC20 tokens to the new coins. Is there any specific time frame for the swap and what about the wallets? You can see our roadmap at the begining of this thread. Wallet as well Production net should be ready in 2-3Q 2018. After the launch of the wallet, there will be a swap. |
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SophiaTX (OP)
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December 12, 2017, 03:50:48 PM |
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i cant wait to get my tokens now  afaik they will distribute them quiete after the token sale? Yes. Distribution is planned to be done within the 48 hours after the end of TGE |
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SophiaTX (OP)
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December 12, 2017, 03:52:16 PM |
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Finally my investment was send over ETH network took almost 24hours. Danm you kitties! What is the ETH contract address for SophiaTX token? How long it take me to see token on my Ethereum wallet? Thanks We will distribute tokens in from of ERC20 within the 48 hours after the TGE ends. So you have to wait until the end of TGE to see your tokens in your wallet. |
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Rigorous
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December 12, 2017, 03:57:35 PM |
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 A total of 350 million tokens will be issued, which will be exchanged for coins. Then 150 million coins will be mined. TGE sells 150 million out of 350 million, which is 30% of the total number of coins that will exist. If 50 million are sold and the remaining 100 million are burned, there will remain 250 million, of which only 50 million will be involved in mining, instead of 150 million. Thus, 50 million coins of investors and 200 million coins of developers will participate in mining. Investor's chance to get the block 1:4. If you do not burn, then the chance to get the block 3:4. In addition, if you burn 100 million coins, the investors will have 12.5% of all coins that will exist, but not 30%! Those who want to burn coins or are not investors, or express these wishes without thinking about the consequences. Practically this is throwing away your money. If you really want to burn, I invite everyone to send their share to a random address without a key. I have to quote this, because this is a very insightful post worth repeating. However viljy, you are assuming that not burning means the unsold tokens are allocated proportionally to the buyers, but SophiaTX could also decide to keep the unsold tokens. |
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SophiaTX (OP)
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December 12, 2017, 04:15:36 PM |
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A total of 350 million tokens will be issued, which will be exchanged for coins. Then 150 million coins will be mined. TGE sells 150 million out of 350 million, which is 30% of the total number of coins that will exist. If 50 million are sold and the remaining 100 million are burned, there will remain 250 million, of which only 50 million will be involved in mining, instead of 150 million. Thus, 50 million coins of investors and 200 million coins of developers will participate in mining. Investor's chance to get the block 1:4. If you do not burn, then the chance to get the block 3:4. In addition, if you burn 100 million coins, the investors will have 12.5% of all coins that will exist, but not 30%! Those who want to burn coins or are not investors, or express these wishes without thinking about the consequences. Practically this is throwing away your money. If you really want to burn, I invite everyone to send their share to a random address without a key. I have to quote this, because this is a very insightful post worth repeating. However viljy, you are assuming that not burning means the unsold tokens are allocated proportionally to the buyers, but SophiaTX could also decide to keep the unsold tokens. We have clearly stated in our Whitepaper that: "If not all ERC-20 based SPHTX are generated during the TGE, the remaining tokens will be redistributed to the current TGE participants according to their SPHTX stake. " (p. 40 in the PDF) |
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SophiaTX (OP)
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December 12, 2017, 04:16:40 PM |
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I think better to burn all unsold tokens. This will give more value for tokens. And with low cap we will have more potencial to growing.
But they already have made the decision to distribute unsold tokens to all participants in the TGE. I don't think they won't change it afterward, that won't look good. How they will be distribute this tokes? I mean, all partipiants will received same amount extra tokens?  Probably they will make it stake wise. You get your extra share in the same percentage amount as you will get your tokens compared to the full amount of tokens you bought. At least that would be the normal way I think. I also think that it will be fair when there will be distribution unsolds tokens in accordance with the share of investments. You are right. If not all ERC-20 based SPHTX are generated during the TGE, the remaining tokens will be redistributed to the current TGE participants according to their SPHTX stake. |
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Rigorous
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December 12, 2017, 04:20:30 PM |
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I have to quote this, because this is a very insightful post worth repeating.
However viljy, you are assuming that not burning means the unsold tokens are allocated proportionally to the buyers, but SophiaTX could also decide to keep the unsold tokens.
We have clearly stated in our Whitepaper that: "If not all ERC-20 based SPHTX are generated during the TGE, the remaining tokens will be redistributed to the current TGE participants according to their SPHTX stake. " (p. 40 in the PDF) Thanks for clearing that up. And sorry, I should have phrased it as "but SophiaTX could also have decided to keep the unsold tokens.". |
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SophiaTX (OP)
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December 12, 2017, 04:48:17 PM |
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I have to quote this, because this is a very insightful post worth repeating.
However viljy, you are assuming that not burning means the unsold tokens are allocated proportionally to the buyers, but SophiaTX could also decide to keep the unsold tokens.
We have clearly stated in our Whitepaper that: "If not all ERC-20 based SPHTX are generated during the TGE, the remaining tokens will be redistributed to the current TGE participants according to their SPHTX stake. " (p. 40 in the PDF) Thanks for clearing that up. And sorry, I should have phrased it as "but SophiaTX could also have decided to keep the unsold tokens.". It's OK. I just wanted to make sure that nobody will take your though as a given thing. I still remember when someone quoted our comment from the begining of this thread that we are considering to have THIS (I am still afraid to write it here  ) and it took probably more than one week till we get rid of all these comments asking about it |
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SophiaTX (OP)
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December 12, 2017, 06:34:44 PM |
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While our Token Generation Event rages on, SophiaTX is ready to show off what it can do for businesses on a global scale. As just a small sample of the capabilities of our platform, we have outlined the following use case which is completely ready for business integration right now!
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iad_xo
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December 12, 2017, 07:22:03 PM |
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While our Token Generation Event rages on, SophiaTX is ready to show off what it can do for businesses on a global scale. As just a small sample of the capabilities of our platform, we have outlined the following use case which is completely ready for business integration right now! that feature alone could be big. Nice job! e-invoice nice for business specially for small business could help them save thousands |
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niklasmato
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December 12, 2017, 07:47:58 PM |
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Great I'll have some Questions which I'd like to ask. SO GMT +1 ? |
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Trrrt
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December 12, 2017, 08:22:03 PM |
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Very nice to se that SophiaTX has already something ready for business integration, it’s really a big feature and and a big argument for a project, especially during an ico where many project have just an idea.
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CryptoCutie
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December 12, 2017, 10:09:57 PM |
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hey thats great that they has already something ready for business integration  |
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CryptoCutie
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December 12, 2017, 10:30:32 PM |
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SophiaTX giving real world solutions to real world problems. |
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fq,frHUxP*joE
Member
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Activity: 109
Merit: 10
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December 13, 2017, 01:31:43 AM |
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Damn, I've put all my ETH into your tokens, all 8 of them, and it (ETH, not tokens) immediately mooned. Okay, then, just do not let me down!!!!111 |
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SophiaTX (OP)
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December 13, 2017, 03:15:08 PM
Last edit: December 14, 2017, 10:07:23 AM by SophiaTX |
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Another great example of capabilities of SophiaTX platform can be outlined in the Pharmaceutical industry, where it can solve the biggest issues this industry currently faces: counterfeiting drugs, temperature excursions, and traceability throughout the entire supply chain. Read more in our blog!
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kraterion
Full Member
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Activity: 616
Merit: 145
🚀🚀 ATHERO.IO 🚀🚀
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December 13, 2017, 07:47:48 PM |
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Another great example of capabilities of SophiaTX platform can be outlined in the Pharmaceutical industry, where it can solve the biggest issues this industry currently faces: counterfeiting drugs, temperature excursions, and traceability throughout the entire supply chain. Read more in our blog! Nice blog post and nice example "Counterfeit drugs will have a much harder time for market adoption because they will be easily identifiable, due to the enhanced traceability of authentic and safely manufactured drugs. This would significantly cut back on the dangers to the public in regards to unsafe drug consumption." Btw there's a typo in "Read more in our blog" link |
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billybonus2
Jr. Member
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Activity: 86
Merit: 1
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December 13, 2017, 09:33:27 PM |
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Where do you see SophiaTX is 2020? will this be top 50?
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