[ANN] SophiaTX Announcement - The Blockchain for Business

[cryptodv]

Jeez Bit-Z is taxing heavy. 10 SPHTX withdrawal fee and a minimum withdrawal of 500 SPHTX. I want to send a test amount to the new web wallet, instead of a few..I have to send 500.  

Yes these are some pretty unreasonable fees/minimum limits. I have some SPHTX stuck on Bit-Z because of this. Any chance the team can talk to Bit-Z about this? No other exchange has these kind of limits.

I just asked Bit-Z, they said they're looking into it. I don't know. I'm going to withdraw anyway. Shit sounds scammy to me. 500 withdrawal minimum? wth, like if this was $DOGE coin or something. 

[Altcoinrusher]

Jeez Bit-Z is taxing heavy. 10 SPHTX withdrawal fee and a minimum withdrawal of 500 SPHTX. I want to send a test amount to the new web wallet, instead of a few..I have to send 500.  

Yes these are some pretty unreasonable fees/minimum limits. I have some SPHTX stuck on Bit-Z because of this. Any chance the team can talk to Bit-Z about this? No other exchange has these kind of limits.

I just asked Bit-Z, they said they're looking into it. I don't know. I'm going to withdraw anyway. Shit sounds scammy to me. 500 withdrawal minimum? wth, like if this was $DOGE coin or something. 

Unfortunately, some exchange do charge heavy fees just like that and it ain't helping the project at all. Good projects should be listed on more credible exchanges. Imho.

[SophiaTX]

We would like to inform all users that we are not sending out any e-mails to individual investors and urge caution when encountering these e-mails.

Numerous scam and phishing attempts through e-mail and Facebook by accounts claiming to be SophiaTX have recently come to our attention. Please be on alert for such fraudulent accounts offering giveaways and sending links to a counterfeit wallet. These are not official accounts! 

SophiaTX will never ask for your private key.

The only original SophiaTX Wallet, as found on our webpage, is simply: https://wallet.sophiatx.com

 

[jvper]

We would like to inform all users that we are not sending out any e-mails to individual investors and urge caution when encountering these e-mails.

Numerous scam and phishing attempts through e-mail and Facebook by accounts claiming to be SophiaTX have recently come to our attention. Please be on alert for such fraudulent accounts offering giveaways and sending links to a counterfeit wallet. These are not official accounts! 

SophiaTX will never ask for your private key.

The only original SophiaTX Wallet, as found on our webpage, is simply: https://wallet.sophiatx.com

 

True. I have been contacted by Facebook by these scammers. I hope they don't earn a single SPHTX. I have already warned everyone I could via Telegram in SophiaTX channel.

[cryptodv]

Jeez Bit-Z is taxing heavy. 10 SPHTX withdrawal fee and a minimum withdrawal of 500 SPHTX. I want to send a test amount to the new web wallet, instead of a few..I have to send 500.  

Yes these are some pretty unreasonable fees/minimum limits. I have some SPHTX stuck on Bit-Z because of this. Any chance the team can talk to Bit-Z about this? No other exchange has these kind of limits.

I just asked Bit-Z, they said they're looking into it. I don't know. I'm going to withdraw anyway. Shit sounds scammy to me. 500 withdrawal minimum? wth, like if this was $DOGE coin or something. 

Unfortunately, some exchange do charge heavy fees just like that and it ain't helping the project at all. Good projects should be listed on more credible exchanges. Imho.

I  withdrew everything and sent the tokens to the web wallet. Now Bit-Z is under maintenance again. Figures. Glad I'm totally out of there.

[Greenmountains]

What are the answers to these questions?
1)   Why did Cobinhood and Coinfalcon decide to implement the swap, after agreeing to participate on the swap first? Maybe because of the excellent design and execution of the swap by SophiaTX team?  
2)   Is there any token swap in blockhain history where an exchange announced support for a swap and later on rejected to participate?
3)   Do we agree that the token swap was a poorly organised and executed and can be decided as failure?
Even the chief shiller on twitter called the swap a debacle:
https://twitter.com/cryptobuffsaur/status/1022170072016666626

Do we agree as well, the sentiment, scanned by trading-bots, on twitter is pretty negative now about SophiaTX and the swap execution?
https://twitter.com/crytolee/status/1015330652357562371 -> Here they claim exchanges will do the swap!
https://twitter.com/rustam_entrp/status/1021810606360420352
https://twitter.com/Pubic_hash/status/1025017812794916864
https://twitter.com/mr_crypto9/status/1034430303119519745
https://twitter.com/cryptodildo/status/1022063127532396547

4) Why does it take so long to implement the mainnet for the exchanges? Any references benchmark how long this took for other swaps or tokens?

The swap did not run smooth for several reasons. We can easily agree on that. Your questions and random negative twitter comments are pointless.

Kucoin opened withdrawals/deposits today btw. Many token swaps took weeks, I dont see how the SophiaTX swap is far from the mean.

SophiaTX has no responsibility or control over its own tokens? No control over the swap? That doesn't sound very promising.

You don’t seem to understand what trustless, a fundamental concept, means in blockchain. Part of what it means is no gatekeeper can arbitrarily seize assets like SophiaTX has done. One could make an argument they aren’t even a blockchain company just a slow database masquerading a blockchain because is trendy.

Porting over on steroids all the shady dealings and fraud of the current system isn't an improvement and is not what blockchain is about. At least not for most who got in before last summer's pump and dump Lambo dreams crowd.

You don't seem to understand where the responsibilities lie. I never said that they have no control over the swap. I said that they have no control over seperate entities, i.e. exchanges.

No arbitrary seizing of assets has been done by the SophiaTX team, whether you like it or not. The rules for the swap were clearly communicated weeks before the snapshot and did not change.

Delusion, denial, deceit. You are a liar. Facts speak for themselves.

So many people having problems and being ripped off = swap done poorly.
Only 1 exchange out of many seemed to know what was going on = not clearly communicated. They couldn't even communicate to a few exchanges much less holders. Fail.

I missed where in the white paper it said a Twitter account and 24 monitoring was required of token holders. Perhaps you would find that for me.

Team making zero effort to correct problems and instead laughing about it = it was done purposefully. So maybe you are right, it wasn't arbitrary.
Maybe the project is short of funds and needed a cash infusion. I've worked with McKinsey type consultants. "How many customers can we steal from and still maintain plausible deniability?" is exactly a plan they would hatch.

Dude are you drunk...SophiaTX has gone out of their way to be transparent as possible; the swap was executed poorly by other parties not SophiaTX. Your thoughts on the team trying to steal from the customers is the biggest joke I have heard. My thoughts are bear market + Token Swap issues = Price tanking but this project is going places. Stop spreaing falsehoods about the project; if you dont like the project sell and move on.

SophiaTX stole customer funds. If you every get an adult job in the real world you will find people expect funds to be safe and to get products and services paid for.
The project is a scam run by criminals.

[gerb]

↑↑↑↑↑↑↑↑
Awesome, time to buy more.

[earechelonfc]

How to know this project will affect the industry? Will it promote economic development up to the highest level?

[Chief__Architect]

How to know this project will affect the industry? Will it promote economic development up to the highest level?

Since SophiaTX is a vendor and technology agnostic Enterprise Blockchain company, they will enable their clients to implement multiple use-cases based on Blockchain technology.
The main business benefit will be streamline data-exchange processes, transparency and cost-efficiency as well as security.

For example SophiaTX could enable multiple cloud-technologies to interchange data using Blockchain technology.
Similar to what MuleSoft does, they were acquired by Salesforce for $6.5 bn.
https://www.bloomberg.com/news/articles/2018-03-20/salesforce-agrees-to-buy-mulesoft-for-about-6-5-billion

Another use-case could be similar to DocuSign e.g. digital signature management:
https://www.bloomberg.com/news/articles/2018-04-27/docusign-gets-629-million-in-above-range-u-s-tech-offering

PS:
When Binance?  

[Delphinus]

Pretty sophisticated scam, I'm afraid that will definitely have worked on some people.

Thanks for the warning.

[farhadyakhdani]

Sophia tx Cursing You / Cursing Managing Director / Damn all project entrants / Bitcoin prices are down one percent. The price of this damn comes down to 30%

[farhadyakhdani]

I, that all my money was lost to this project / for those who want to invest / I say that you do not invest in this project that you will get in a bad bug.

[sila-shulz1272]

Now a lot of companies that sold their tokens at the ico were in a very difficult situation..I think most of these coins will simply disappear, the market is very bad and the situation is that the base coin on which the sales of these ICOS were carried out fell in price on all exchanges, in fact, all sobered up and do not understand the use of all these tokens

[Delphinus]

I, that all my money was lost to this project / for those who want to invest / I say that you do not invest in this project that you will get in a bad bug.

You have made 10 posts in total, all complaining about the price. I'm sorry that someone tricked you in believing CryptoCurrency are easy money and the only way is up.
It's not. SPHTX is doing relatively well compared to my other alts even. I'm 80% down since December.

The team can't influence the market. The swap should have gone better, but it was always a long term, risky project. I'm holding all and waiting for better times.

[tradingdisaster]

Argh, coming back from summer holidays to learn there was a swap? Who does that while people are away/have little time?

Is there any chance to still swap my ERC-20 SPHTX? And how?

[Delphinus]

Argh, coming back from summer holidays to learn there was a swap? Who does that while people are away/have little time?

Is there any chance to still swap my ERC-20 SPHTX? And how?

Check the website, it should still be possible. The plan was to trade ERC20 tokens 20-1 for people that buy them now, but I think you can still get the original 1-1 conversion if you can prove you owned the ERC20 tokens before the swap (ie. proof you owned the ERC20 address with the tokens in it before you went on holiday and that they aren't a recent deposit).

[cryptodv]

Argh, coming back from summer holidays to learn there was a swap? Who does that while people are away/have little time?

Is there any chance to still swap my ERC-20 SPHTX? And how?

I think you still have time. Hurry up and swap so you can enjoy the 2% passive daily income for just holding $SPHTX. 

[Delphinus]

Argh, coming back from summer holidays to learn there was a swap? Who does that while people are away/have little time?

Is there any chance to still swap my ERC-20 SPHTX? And how?

I think you still have time. Hurry up and swap so you can enjoy the 2% passive daily income for just holding $SPHTX. 

Wait, what? 2% per day? How? 

By voting for witnesses? I'm not getting anything I think...

[muleroaa]

Argh, coming back from summer holidays to learn there was a swap? Who does that while people are away/have little time?

Is there any chance to still swap my ERC-20 SPHTX? And how?

I think you still have time. Hurry up and swap so you can enjoy the 2% passive daily income for just holding $SPHTX. 

Wait, what? 2% per day? How? 

By voting for witnesses? I'm not getting anything I think...

I think I've missed something too. Are you able to stake the tokens in some way through the web wallet? And is it based on the amount of other people that are currently staking?

[jvper]

Argh, coming back from summer holidays to learn there was a swap? Who does that while people are away/have little time?

Is there any chance to still swap my ERC-20 SPHTX? And how?

I think you still have time. Hurry up and swap so you can enjoy the 2% passive daily income for just holding $SPHTX. 

Wait, what? 2% per day? How? 

By voting for witnesses? I'm not getting anything I think...

I think I've missed something too. Are you able to stake the tokens in some way through the web wallet? And is it based on the amount of other people that are currently staking?

No, it is a certain amount that is mathematically near 2% per annum. There is no dependence on others. It is equivalent to some interest every token holder receives just for holding tokens.