[ANN] SophiaTX Announcement - The Blockchain for Business

[loup]

''Third, the countdown timer has been moved to the front page! Updated in real-time, when this clock hits 0 the TGE is on! ''

I like the countdown at the front page. Will you also show a progress bar of the token sales?

I also like progress bar because is the easiest way of knowing how the project is evolving.

[Sozialtourist]

Thanks again and thanks for being so fast on answering questions.
Guys I just suggest to store some DCT if you want to contribute in this TGE, the chart looking so good for a possible breakout in the next few days

Yes, the 10% bonus when using DCT is tempting. It could indeed make sense to get yourself some DCT for that purpose.

[imtiazmahmood]

An artcle by TurkCoin: SophiaTX Yazılımını Piyasaya Sürdü

Can anyone translate or send the jist of the story?

Just read it through google translate and its quite informative. I think we need more of this to spread out to all of the local people.

i read this article that is very good for people to understand and can be translate with google chrome app. sophiaTX project is own blockchain technology can be bring revolution in business sector.

[UnderUP]

Interresting
any bounty sir.?

[cantdecide]

''Third, the countdown timer has been moved to the front page! Updated in real-time, when this clock hits 0 the TGE is on! ''

I like the countdown at the front page. Will you also show a progress bar of the token sales?

I hope they will show a progress bar, as it gives more transparance to the ICO and will bring in more investors probably.

[Jay2408]

Thanks again and thanks for being so fast on answering questions.
Guys I just suggest to store some DCT if you want to contribute in this TGE, the chart looking so good for a possible breakout in the next few days

Yes, the 10% bonus when using DCT is tempting. It could indeed make sense to get yourself some DCT for that purpose.

I didn't even know DCT before    But 10% bonus is indeed a good reason to create a wallet and buy some DCT

[SophiaTX]

We will get 10% bonus during the token generation event if we use DCT. What if we use ETH? Wether there will be a bonus for us?

does this combine (additional) with early bird sale?

If you will participate with DCT in the first round you will have both - 10% bonus as well as the price for the first round: 0,00062789 ETH. The same is applicable to all five rounds. In every round, you will have 10% bonus if you participate with DCT as well as the price determined for that round. There is no bonus for ETH or BTC.

So we must download wallet for DCT? We cant partipiciate from exchange wallet, right?

Yes, you cannot use the exchange wallet.

But if I'm not mistaken it will be an erc20 token at first. So we shouldn't use dct wallet also?

If dct wallet can be used than you should ask an ethereum wallet for sending tokens so why it is different with exchange address.

I really want to have an answer to this question. I will contribute with dct but don't want to download their wallets. Why can't I send from exchanges?

You need to control your private keys.  Private keys are needed to correctly interact with smart contract functions, like transferring tokens. You will need an Ethereum wallet to receive & send your tokens.

[toolucky98]

Interresting
any bounty sir.?

Here is the information about bounty :

why the bounty programs is cancelled?? bounty campaign has much benefits for projects development through marketing and advertising.

After careful considerations of all the pros and cons, we think it is not suitable for our type of project and strategy, therefore we decided not to proceed with bounties.

[captainhera]

''Third, the countdown timer has been moved to the front page! Updated in real-time, when this clock hits 0 the TGE is on! ''

I like the countdown at the front page. Will you also show a progress bar of the token sales?

Really like this project.
Think is could be the next big thing! Cant wait to join the crowdsale. Great work devs.

Keep this up!

[SEELE^^01]

what is cheaper right now?

going to buy decent with eth and to buy sophia tokens with it or to directly buy sophia tokens with eth?

can someone make the math ?

[alphashotgun]

Interresting
any bounty sir.?

they already announced that they are not - sorry sir

[Elkmar]

Thanks again and thanks for being so fast on answering questions.
Guys I just suggest to store some DCT if you want to contribute in this TGE, the chart looking so good for a possible breakout in the next few days

Yes, the 10% bonus when using DCT is tempting. It could indeed make sense to get yourself some DCT for that purpose.

I didn't even know DCT before    But 10% bonus is indeed a good reason to create a wallet and buy some DCT

I don't know about it either, I'll need to take a look into it, everybody talks about here 

[batako]

what is cheaper right now?

going to buy decent with eth and to buy sophia tokens with it or to directly buy sophia tokens with eth?

can someone make the math ?

For sure it will be more beneficial if we bought sophia tokens with dct since there will be bonus for it. The current price for one dct is around 9k satoshi now at bittrex, if I am not wrong.

[hanshammer]

what is cheaper right now?

going to buy decent with eth and to buy sophia tokens with it or to directly buy sophia tokens with eth?

can someone make the math ?

I think it will be worth to buy decent first because the exchange fees and transaction fees will be less than 10%

[belechau]

what is cheaper right now?

going to buy decent with eth and to buy sophia tokens with it or to directly buy sophia tokens with eth?

can someone make the math ?

For sure it will be more beneficial if we bought sophia tokens with dct since there will be bonus for it. The current price for one dct is around 9k satoshi now at bittrex, if I am not wrong.

In a way, that drives your partner more strongly at this time, by buying using your currency, what return will Sophia have in the near future for that DCT leverage? is it really a firm partnership, or just the random choice of a currency to purchase?

[matjas]

what is cheaper right now?

going to buy decent with eth and to buy sophia tokens with it or to directly buy sophia tokens with eth?

can someone make the math ?

For sure it will be more beneficial if we bought sophia tokens with dct since there will be bonus for it. The current price for one dct is around 9k satoshi now at bittrex, if I am not wrong.

In a way, that drives your partner more strongly at this time, by buying using your currency, what return will Sophia have in the near future for that DCT leverage? is it really a firm partnership, or just the random choice of a currency to purchase?

It is a real partnership, it was explained earlier in the thread. I think it's cheaper and more beneficial for them like this, since they are partners.

[SEELE^^01]

what is cheaper right now?

going to buy decent with eth and to buy sophia tokens with it or to directly buy sophia tokens with eth?

can someone make the math ?

For sure it will be more beneficial if we bought sophia tokens with dct since there will be bonus for it. The current price for one dct is around 9k satoshi now at bittrex, if I am not wrong.

yes, but this does not answer my question Oo"

i want a calculation of which is a cheaper way to buy sophiaTX tokens and not, yes this way is maybe cheaper blabla... i want hard facts

[viljy]

The exchange address is made to hold just ETH so if you get there anything else than ETH the exchange will not help you in getting the tokens and they will be lost.

The exchange usually have a separate ethereum address for each token

On Cryptopia, one address for all tokens: https://etherscan.io/address/0x2984581ece53a4390d1f568673cf693139c97049

[tiger5056]

worth watching price for DECENT. if dip than i buy otherwise ETH may be better option for ICO

[Cpousersonu]

https://s1.postimg.org/8t1vbv1dbj/bitcointalk_sophiatx2.png

FAQ | WEBSITE | TWITTER | REDDIT | FACEBOOK | LINKEDIN | GOOGLE+ | SLACK | TELEGRAM


Our Whitepaper has officially been released! Download it now or view it later on our website. In addition, we are happy to announce that our Token Generation Event begins December 5th. Find the Whitepaper here!


DESCRIPTION

SophiaTX is a Blockchain Platform and Marketplace that integrates business applications and solutions into a collaborative environment. As an open source platform, it contains integration APIs to SAP and other enterprise software, covering leading ERP, CRM and SCM systems. SophiaTX blockchain is tailored for extending traditional enterprise applications, and allows enhancing and reshaping current business models.

TOKEN GENERATION EVENT

During our TGE, which begins on December 5th, you can obtain SPHTX with ETH, BTC and DCT (an additional 10% bonus for using DCT). Our TGE will run for 10 days and will be broken down into 5 rounds with 30,000,000 tokens allocated for each round. A new round starts after 30,000,000 tokens are generated in the current round or after an estimated 48 hours (based on the Ethereum block time) from the start of that round. The final round will include all the remaining tokens for a total of 150,000,000 SPHTX tokens distributed during our TGE.

During our TGE, the cost of SPHTX will increase slightly each round. Our price calculation for each round is as follows:
https://s8.postimg.org/yx60xjxn9/Screen_Shot_2017-11-20_at_16.51.59.png

At the end of the TGE, any remaining unclaimed tokens will be redistributed to the contributors based on their SPHTX stake. For example, one TGE participant having 2000 SPHTX will receive twice the amount of remaining tokens than a participant having 1000 SPHTX. Undistributed tokens will be distributed back to participants (not burnt).

ROADMAP

The following roadmap illustrates the most important features and timeline for building a business suitable blockchain and respective application.
The roadmap outlines the high-level initiatives and provides an indicative timeframe for the delivery and readiness of the platform.

https://s7.postimg.org/7p1bri4gb/roadmap.png

CONNECT TO BLOCKCHAIN AND RESHAPE YOUR BUSINESS MODEL

FIT FOR BUSINESS Leverage Smart Contracts Share Info Across Entire Value Chain Improve Collaboration Shorten Cycle Times Provide Micro-services Innovate and Disrupt Industry

FLEXIBLE Common Building Blocks Standardized APIs IOT Integration Smart Contracts at Transaction Level Processing Speed Exceeding 2000TPS System Agnostic

SECURE Immutability Traceability Advanced Encryption & Anonymity Business Compliance Mining Suitable for Business Public / Private

BLOCKCHAIN FOR BUSINESS
INTEGRATING BLOCKCHAIN WITH ENTERPRISE APPLICATIONS

BLOCKCHAIN FOR BUSINESS
Enterprise Grade Blockchain
Transaction Speed
Simplified and Secure Smart Contracts
Advanced Features (e.g. Off-Chain Storage, Private Keys Recovery, etc.)

DEVELOPMENT PLATFORM
Library of Building Blocks (APIs, Process Flows, Connectors)
Library of Smart Contract Templates
Common Methods and Proven Standards, Available Instantly
Quality Assurance Process
Develop and Publish your Apps & Assets

MARKETPLACE
Buy and Sell Applications & Assets
Subscribe for Access to Know How and Free Assets
Buy and Sell Professional STX Integration Service


FAQ

SophiaTX Platform

What is SophiaTX?

SophiaTX is the first platform focusing on integrating blockchain with SAP and other major ERP, CRM, and SCM systems and aims to expand the possibilities of enterprise applications with the trust and security that comes with blockchain technology.

What problem is SophiaTX solving?

For illustration, SophiaTX can help to ‘track and trace’ the authenticity of medicines and pharmaceutical products which amount to 10-15% of counterfeits, while the size of the industry is 1.2 trillion US dollars. Counterfeit drugs, transportation compliance, and traceability in case of recalls are the major issues this market is facing.

Another challenge which SophiaTX can help with is document exchange, such as invoices or purchase orders. Today's practice leverages postal services, mails, and e-invoicing software which are not necessarily reliable in terms of delivery, security or are simply expensive to be deployed. SophiaTX can address those issues as demonstrated by the use cases published in the whitepaper and has huge positive impact and potential.

What makes SophiaTX unique from other projects?

The project is different in many ways: It’s established as a cross-industry platform catering to such industries as food, pharma, manufacturing, transportation, logistics, engineering, construction, and others. SophiaTX is built as a business compliant Blockchain and drives adoption through a community of millions of IT professionals (e.g. SAP community exceeds over 2.5 million participants globally).

Are there any competitors?

Currently there is no comparable solution. Details in the whitepaper reveal the limitations of current blockchains, including Ethereum, Hyperledger, and SAP’s own Blockchain as a service (Baas). These systems do not provide sufficient privacy, speed or features which would allow mainstream adoption by businesses.

Why have you chosen to integrate blockchain and SAP?

It is very clear that blockchain brings certain innovative features and capabilities compared to traditional centralised applications. Blockchain has the capability to disrupt today’s businesses practices, while SAP along with other enterprise applications are the lifeblood or backbone of the organizations, covering all functions from supply chain, manufacturing, and engineering, to finance and much more.

For business to fully benefit from blockchain capabilities there must be a connection to the company’s backbone systems, and since SAP is the most dominant and lucrative segment, we chose to tackle this first.

Why have you chosen a platform approach instead of building a specific solution for industry?

We have performed detailed studies and even some limited prototyping with several blockchains. We have concluded that in order to bring the scale effect and flexibility required by businesses, we must have a platform that allows for open peer-to-peer relationships between businesses and their ecosystems. Also, the platform allows for cross industry and open collaboration across entire value chains from manufacturers all the way to final consumers and households. Industry or application specific blockchains allow only very limited cross industry collaborations.

Why has SophiaTX decided to use public blockchain instead of private?

We believe that to truly set up new ecosystems with peer-to-peer business relationships, a public blockchain is superior over any alternative. With blockchain, most of the disruption comes from new entrants into the ecosystem. By opening the network for anyone to join and participate, SophiaTX has the best possible chance for global adoption.

Why have you chosen a platform for transaction level exchange?

Companies and other organizations must collaborate by connecting their systems, which are centrally executed at the transaction level. To benefit from blockchain, it is key to interconnect business and system transactions and organize them into smart contracts. Thus, we have clearly decided to build our platform as a transaction exchange, named Sophia TX (Transaction Xchange) which includes such logic and architecture.

What is the role of a strategic advisor and how did we chose our advisors?

Our advisors help the SophiaTX leadership team to form the strategic direction and help with fast SophiaTX adoption into businesses.

SophiaTX has assembled a top class advisory board. It’s important to highlight that our advisors are seasoned executives and technology leaders in the industry in several geographies, which is a very unique proposition of SophiaTX compared to other projects. We are serious about our plans and goals to build a viable and commercially successful blockchain platform.

How does SophiaTX relate to DECENT blockchain?

The SophiaTX blockchain is built on DECENT’s proprietary blockchain technology, specifically developed and enabled to power a B2B transaction engine and all the features required by businesses of all sizes.

How is the company going to make money?

Our company will make money by providing advisory and implementation services for SophiaTX. The success of our company is directly tied to the adoption of SophiaTX and vice versa. That is why we have developed partnering programs with many SAP and IT integrators.

SophiaTX Token Generation Event

When is the TGE and how long will it last?

TGE (Token Generation Event) will be held on December 5th and it will last 10 days. There will be 5 rounds, each with different pricing. For more info about TGE, please, check the Whitepaper.

Who can participate in the TGE?

If the participant is not a citizen or resident of a country, whose legislation conflicts with obtaining or distributing cryptographic tokens such as SPHTX, then they can participate in our TGE.

Is there going to be any Know-Your-Customer (KYC) and Anti-Money Laundring (AML) verification?

Yes indeed, KYC and AML procedures are being applied for the Token Generation Event participants, for both the participant groups, individual persons or organizations.

Do we have a soft cap/hard cap?

We don't have a soft cap. We have already built the prototype on our SAP Cloud and we will continue regardless of the TGE. On the other hand, we have a hard cap set on 115.000 ETH.

What is the price of TGE Token?

The price is dynamic and increases by 10% every round compared to previous round's price. The projected starting ETH price: 1 SPHTX = 0.00062789 ETH

When will the tokens be distributed?

Tokens will be distributed 48 hours after the TGE.

When is it going to be possible to trade SPHTX on crypto exchanges?

Exchanges are independent entities so knowing in advance which of them SPHTX will be listed on is difficult. We are focusing on getting listed on as many different exchanges as possible, including the major ones.

How will you avoid market manipulation by insiders of SophiaTX development? Is there going to be a lock-in of tokens

80% of the tokens allocated to Development, Operations, Marketing, and the Team are vested for 2 years after TGE.



SophiaTX IN THE PRESS

Forbes World's First 'Open Source' Platform Integrating SAP & Blockchain Plans Initial Coin Offering

Nasdaq SophiaTX Integrates Blockchain Technology With SAP

The Sociable New blockchain-SAP marketplace ushers in ‘second generation of the internet’

Bitcoin Garden Blockchain, Business and Finance Experts Team Up to Create World’s First Open Source Platform to Integrate SAP and Blockchain
SophiaTX – The Blockchain Platform to Redefine Business Models

SAP Africa SophiaTX Open Source Platform to Integrate SAP, Blockchain

Bitcoin News Brasil ESPECIALISTAS EM BLOCKCHAIN, NEGÓCIOS E FINANÇAS SE UNEM PARA CRIAR A PRIMEIRA PLATAFORMA DE CÓDIGO ABERTO DO MUNDO A INTEGRAR SAP E BLOCKCHAIN

Bizcommunity SophiaTX open source platform to integrate SAP, blockchain

PCMag SophiaTX зaпишeт SAP в блoкчeйны



Token generation event is scheduled for Dec 5, 2017 and will last 10 days.

i think this token  is also papular like a SOPHIA robot and bring the new way in crypto currency market..
and invester also get huge profit.