[ANN] SophiaTX Announcement - The Blockchain for Business

[SophiaTX]

my colleagues at SAP Germany will be really pleased to read about this project. as far as i can see, after backtracking a little bit, at least the news from SAP Africa are true.

do you guys have a official permission to use the sap api? or a statement from SAP SE directly?

We are independent of SAP so we can serve entire application market (Oracle, Microsoft dynamics, etc.). We are providing platform and its respective building blocks so that the system integrators and developers are able to build and deploy their own applications.

[SophiaTX]

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.

[SophiaTX]

"The SophiaTX platform has already passed it’s first test at a proof of concept launch in Zurich, were they demonstrated how an invoice created by one company in their system could be securely and quickly passed to another company using a different system." Have a look at this article by StartUp Beat.

https://startupbeat.com/2017/11/sophiatx-systems-behind-everyday-transactions/

[SEELE^^01]

Is SAP going to be an Investor for your Project? Or someone else, like other bigplayers in the ERP Business?

[SophiaTX]

What is the total supply of the coin and what will be the ICO price per token?

The total supply is 500 000 000 SPHTX and starting ETH value of SPHTX is 1 SPHTX = 0.00062789 ETH. For more details check our latest blog: https://www.sophiatx.com/en/blog/30/upcoming-sophiatx-token-generation-event.html.

[SophiaTX]

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.

[the_donald]

What is the total supply of the coin and what will be the ICO price per token?

The total supply is 500 000 000 SPHTX and starting ETH value of SPHTX is 1 SPHTX = 0.00062789 ETH. For more details check our latest blog: https://www.sophiatx.com/en/blog/30/upcoming-sophiatx-token-generation-event.html.

so the initial price is 0.22 USD roughly. a bit high considering the high market cap. hopefully the interest in this project will propel it higher.

[Sozialtourist]

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.

Do you already have information about your wallet? Will there be a webwallet and light wallet or do we need to download the complete blockchain?

[cantdecide]

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.

Ah thanks. That was also the answer of my qustion I asked before. Have you already thought about how to do the coin swap? I am always a bit afraid of coin swap as stuff can go wrong if you need to make it manually.

[mike0182]

The project looks not bad, at first glance it quite interesting, today I will study whitepaper  

[SophiaTX]

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.

[SophiaTX]

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.

[SophiaTX]

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).

[2970566]

You have a good preparation to start ICO.
I strongly believe that ICO spectiv will be successfu

[SophiaTX]

"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.

[SophiaTX]

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!

[SophiaTX]

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.

[SophiaTX]

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

[SophiaTX]

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.

[CryptoCutie]

A Blockchain for Buisness looks promising. Lets take a look into the whitepaper