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Author Topic: sBTC - The future of DeFi.  (Read 206 times)
Tears96SM (OP)
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August 11, 2020, 05:33:58 PM
 #1

sBTC is a recently launched coin that will enable you to stake in many different contracts with different flexible plans.

Initial supply: 21,000,000

Liquidity burned by the dev team!
https://etherscan.io/tx/0x65081ce5e4fc19897a99f68c98952e30ea57062a96814c662d06473abff7e468

https://coinmarketcap.com/currencies/softbtc/

https://www.coingecko.com/en/coins/soft-bitcoin

- Trustless & Decentralized
Smart contracts built on Ethereum network with opensource and limited admin control.

- Soft Pegging
Price of each sBTC will be softpegged to 0.0001 BTC in theshort/medium term .

- Equilibrium
Built in smart contraction and expansion algorithm that will bring the sBTC’s supply demand to anequilibrium and thus 0.0001 BTCsoft pegging price.

Soft pegging and rebaseing allows the project to grow stronger and more naturally whilst also rewarding token holders.


The contracts:

- There will be many staking/banking plans available.

- Each plan will have either a flexible locking duration term or fixed duration term.

- Each plan will have different rewards attached to it, rewards could be in sBTC, ETH, or any other partner tokens.

- Some unique plans might have a maximum allocation quota, you might need some fomo to get in!

- Some plans might work directly with tokens, some with uniswap liquidity tokens only.

 -The team will be locking in the uniswap allocation of liquidity tokens into a non paying fixed term staking/banking contract.

Whitepaper: https://sbtc.fi/Soft%20Bitcoin%20-%20White%20Paper.pdf

We've had an explosive start so far. The first rebase will occur on August 12th 3am UTC+0 with contracts officially launching soon after.


Website: https://sbtc.fi/#/

Telegram: https://t.me/SoftBitcoinOfficial

Discord: https://discord.com/invite/4xUPrUt
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August 12, 2020, 01:42:03 AM
 #2

very impressed with how this project has been ran so far  Cool
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August 12, 2020, 01:47:37 AM
 #3

https://app.uniswap.org/#/swap?outputCurrency=0x309013d55fb0e8c17363bcc79f25d92f711a5802

Think the OP left out an important address!
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August 12, 2020, 03:09:06 AM
 #4

It seems like Ive never heard of this. The price is over $3 and the tokenomics is like bitcoin with 21million total supply? Is this somehow a mirror project of bitcoin. Did you conduct any IEO or token sale? I never noticed this project before and even now.

How is the compensation plan for staking? And its APR? how much was the equilibrium break out for this? Sorry I have a lot of question it seems like you have a good start with that liquidity.
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August 12, 2020, 08:24:00 AM
 #5

It seems like Ive never heard of this. The price is over $3 and the tokenomics is like bitcoin with 21million total supply? Is this somehow a mirror project of bitcoin. Did you conduct any IEO or token sale? I never noticed this project before and even now.

How is the compensation plan for staking? And its APR? how much was the equilibrium break out for this? Sorry I have a lot of question it seems like you have a good start with that liquidity.
it just like previous failed project. many new project trying to make it similar with bitcoin especially on supply amount, they think by make its supply same with bitcoin investors will interested. this project only known in this thread, and no one discuss it on any telegram group so its normal if you have many questions about this project. i think smell scamm detected in this project.

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August 12, 2020, 09:11:06 AM
 #6

The first 3 posts are all made by newbies, which makes it 100% clear, that those accounts where created with the single purpose to shill this coin.
You could have at least tried to hide your shilling a little bit better.
Never heard of this project before and probably never will hear from it in the future, but good luck with it anyways.

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August 12, 2020, 11:21:01 AM
 #7

Man, so many defi projects popping out of nowhere. At least make your projects more attractive with tangible benefits. Allow user to stake on multiple platform is a vague utilities and I bet nearly all tokens can be just the same. I smell another copycat and worthless tokens in the near future.

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August 12, 2020, 11:49:20 AM
 #8

Seems like a hybrid project with name and supply of bitcoin while smart contracts and automation through ethereum network, if they become successful in what they are doing i think they can go a longway but personally i will wait for market acceptance of the project.

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BALIK
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August 12, 2020, 01:28:25 PM
 #9

Looks like a very interesting project.

But isn't this use case pretty much covered by wrapped Bitcoin (wBTC)?

Are there any novel applications for this? I'd love to hear them... 0.0001 BTC pegged value per token is definitely more useful than a whole BTC/token.

BTC needs to move into DeFi asap.




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August 12, 2020, 05:38:28 PM
 #10

Does sBTC means Stable BTC ? How can you make the coin value stable ?
On the other hand, bitcoin value is not stable at all, i don't quite understand about this coin. It looks like just a new coin with using "DeFi" hype for me.

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August 12, 2020, 05:54:14 PM
 #11

This coin foreign to me. If i look the chat from August 10 to August 16, this coin has increased more than 2x. But it's only listed in uniswap with around $4M trading volume, I'm worried this just manipulation, so currently, I don't trust this coin

Does sBTC means Stable BTC ? How can you make the coin value stable ?
On the other hand, bitcoin value is not stable at all, i don't quite understand about this coin. It looks like just a new coin with using "DeFi" hype for me.
Hi bro, i think no one mention about stable coin here CMIIW. sBTC, s does not mean stable. If you see the chart about this coin you will know this is not stable.

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August 12, 2020, 08:47:53 PM
 #12

DEFI is the order of the day and I am not surprise seening people trying to build the idea around BTC, but the issue is that it is not built on Bitcoin network, we all know RSK team is doing something like this but it is on Bitcoin network which is a plus to the team unlike this sBTC project, wishing you the best

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August 12, 2020, 09:26:50 PM
 #13

At the time I created the theme, please learn how uniswap works. Any user can create his own pool and sell his tokens there, and this user can empty the liquidity on the pool.
https://bitcointalk.org/index.php?topic=5268409

I did not find information about the project team, partners and advisors. Technical documentation on 7 pages. This causes distrust in the project.



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August 12, 2020, 09:35:54 PM
 #14

Soft Bitcoin (sBTC) is the name of the project but yet using Ethereum blockchain, not only that but also seen as the future of the Defi projects. Seriously, investors need to be careful of most projects nowadays especially with the hype being caused by Defi projects; it's too much such that new projects are coming out with one attributes or the other which will tag them as Defi hence giving them the opportunity to leverage the hype and make money.

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August 12, 2020, 09:53:22 PM
Last edit: August 12, 2020, 10:09:21 PM by Kang TB
 #15

At the time I created the theme, please learn how uniswap works. Any user can create his own pool and sell his tokens there, and this user can empty the liquidity on the pool.
https://bitcointalk.org/index.php?topic=5268409

I did not find information about the project team, partners and advisors. Technical documentation on 7 pages. This causes distrust in the project.




yes, the OP should think again before drop his money in this project, if he is not a part from this project
because this project look weird without full informations


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tabas
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August 12, 2020, 09:53:58 PM
 #16

very impressed with how this project has been ran so far  Cool
How did it impress you? I haven't seen this project and the poster just posted this as is it's their announcement thread. And then, leaving without replying to any reply from all of you. What I see is that this token has also used the name of bitcoin for the chance that it can get for attention from the investors. Any project can create themselves but naming another project with bitcoin, we knew it that there will be no other place for it.


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Every BTCit of Fun
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abdulodoi
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August 12, 2020, 10:12:04 PM
 #17

This project looks suspicious, why is there no details about the team included in the whitepaper? Why is an ERC20 token pegged to bitcoin network? Please enlighten me
Poory
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August 14, 2020, 09:21:15 AM
 #18

The main Admin Louie is known known as a very honest guy, if it was a scam they could dump everything on our heads, instead they locked the liquidity. The team said that they are ready to pay promoters   
alttry2019
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August 16, 2020, 02:08:57 AM
 #19

sBTC used AMPL rebasing smart contract to peg sBTC to BTC on by a trustless way. Not like wBTC. I am interested in the new project here. It is legit for 100% sure.

DCC│Distributed Credit Chain
    Empower Credit, Enable Finance   
GithubFacebookMedium ‹‹‹dcc.finance››› RedditTwitterTelegram
nomenclatur
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August 16, 2020, 04:22:15 AM
 #20

sBTC project Defi ever reaching the highest price of $ 5 I think this is a project Defi for a while and take advantage of the current hype more projects like this one the same what can I get if investing in sBTC why the current price of only $ 1 if your project really well then the price will not be too fell and harmful investors.


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