[ANN] Babel Fish | Money Protocol

[Xsinx]

FISH TOKEN SALE IS DELAYED [TBC]

Even though it's said to be "delayed" but I still see it hasn't started yet, as has been scheduled, which is on June 21st. It's still not out of the schedule. After all, the final limit has also been set. About it will be fast sale or not, I didn't expect it to be so fast, the important thing is that everything is sold out. because I had heard there was a sale only ending in a few minutes, so it wasn't a real competition.

Still 4 days for the supposed $FISH sale day 1, i wonder what is the reason behind the delay, ive been following their discord and i haven't seen any announcement regarding the delay or change of schedule of the $FISH sale.

[1714167548]

1714167548

[shinratensei_]

Still 4 days for the supposed $FISH sale day 1, i wonder what is the reason behind the delay, ive been following their discord and i haven't seen any announcement regarding the delay or change of schedule of the $FISH sale.

It seems like that the bearish trend that is still happening in the market has become the main reason why the sale is still getting delayed. Im thinking about there must be another reason for this. We know that the bearish trend was also affecting the demand of people to invest in the new project. This might become the main consideration by developers why fish token sale gets delayed.
This project must be listed on the icodrop.

[icobits]

Still 4 days for the supposed $FISH sale day 1, i wonder what is the reason behind the delay, ive been following their discord and i haven't seen any announcement regarding the delay or change of schedule of the $FISH sale.

It seems like that the bearish trend that is still happening in the market has become the main reason why the sale is still getting delayed. Im thinking about there must be another reason for this. We know that the bearish trend was also affecting the demand of people to invest in the new project. This might become the main consideration by developers why fish token sale gets delayed.
This project must be listed on the icodrop.

i dont think the bearish trend is the reason, there are still some confusion among community members on how to use and how to invest using sovryn platform, They probably need more time to create a more detailed explanation on how it works.

Also there are some talks about how USD stable tokens will be handled specially those iliquid stable coins

[Xsinx]

Look's like the delay on public sale is now official, The official announcement has been made this morning.

Dark Knight— Today at 6:41 AM
Hello @everyone !
The alpha version of XUSD as an aggregator has now been live on Sovryn for the past 10 days (https://explorer.rsk.co/address/0x1440d19436beeaf8517896bffb957a88ec95a00f?__tab=tokens), and will soon be integrated across other DeFi projects, becoming an important lego piece in the multi-chain economy. As a decentralised project to reduce idiosyncratic risks and aggregate the fractured liquidity of stablecoins, the FISH token is needed to vote in the DAO for the XUSD parameters and relevant upgrades.  However, based on recent market events and community feedback, it is best to delay the token sale and TGE until a Risk Management board is created which will have a vote on the DAO proposals. A decentralised standard of stability is in sight, we thank you for your patience and invite you to participate in the FISH bounty programs ahead of the sale. Don't panic - FISH is cooking, and we think it may best be served when BTC consolidates around $42k. Stay tuned!

So the delay is all about governance and risk management.

[TimeTeller]

Look's like the delay on public sale is now official, The official announcement has been made this morning.

Dark Knight— Today at 6:41 AM
Hello @everyone !
The alpha version of XUSD as an aggregator has now been live on Sovryn for the past 10 days (https://explorer.rsk.co/address/0x1440d19436beeaf8517896bffb957a88ec95a00f?__tab=tokens), and will soon be integrated across other DeFi projects, becoming an important lego piece in the multi-chain economy. As a decentralised project to reduce idiosyncratic risks and aggregate the fractured liquidity of stablecoins, the FISH token is needed to vote in the DAO for the XUSD parameters and relevant upgrades.  However, based on recent market events and community feedback, it is best to delay the token sale and TGE until a Risk Management board is created which will have a vote on the DAO proposals. A decentralised standard of stability is in sight, we thank you for your patience and invite you to participate in the FISH bounty programs ahead of the sale. Don't panic - FISH is cooking, and we think it may best be served when BTC consolidates around $42k. Stay tuned!

So the delay is all about governance and risk management.

So what will happen if 42k level of btc is not yet on the horizon?
Will this be the main determinant whether to push thru their schedule or not?
I believe they should not rely much from what is happening in the btc market.
And focus on their actual development. Because once the market is picking up, they can easily make adjustments on their plans.

[icobits]

So what will happen if 42k level of btc is not yet on the horizon?
Will this be the main determinant whether to push thru their schedule or not?
I believe they should not rely much from what is happening in the btc market.
And focus on their actual development. Because once the market is picking up, they can easily make adjustments on their plans.

Check out their telegram and you will read the community discussion about the reason for the delay. based on their talks, The delay is all about Stable Coin governance and who will dictate how Stable coins are used and who will take the risk in case stable coin goes bankrupt.

[ubercool]

I just read somewhere that the public sale has been postponed.. is it true..? When is it now..? Also what is the reason behind postponement..?
I was curiously waiting for the sale as I wanted to buy the $fish.

[Xsinx]

I just read somewhere that the public sale has been postponed.. is it true..? When is it now..? Also what is the reason behind postponement..?
I was curiously waiting for the sale as I wanted to buy the $fish.

Its all about risk management and governance, But its being talk right now and the developers are actively seeking solutions on this dilemma. Many are eagerly waiting for the public sale but a debate about the topic arise in the discord group. so the dev are working on a solutions to that before the sale can push thru.

[ubercool]

I just read somewhere that the public sale has been postponed.. is it true..? When is it now..? Also what is the reason behind postponement..?
I was curiously waiting for the sale as I wanted to buy the $fish.

Its all about risk management and governance, But its being talk right now and the developers are actively seeking solutions on this dilemma. Many are eagerly waiting for the public sale but a debate about the topic arise in the discord group. so the dev are working on a solutions to that before the sale can push thru.

Thank you for that answer, I'll be joining the discord channel today.
People are still not completely educated about the RSK network but really want to get into Sovryn platform and $fish. Hopefully, we'll see the sale happening as planned and I'll be able to get my hands on some $fish.

[icobits]

Hopefully the public sale will not delay much further, BTC is dipping so hard and base on their reasons to postponement is due to unstable market condition so expect the unexpected, this public sale will be delayed for some time.

[johnwest]

Is there any new update on the token sale..? Some teams are starting their process as the market is relatively stable and we might see a good turnout here as the hype for Babel Fish is good.

[mandor]

Is there any new update on the token sale..? Some teams are starting their process as the market is relatively stable and we might see a good turnout here as the hype for Babel Fish is good.

Nope, looks like it's still a plan and it's still not showing. See this, if it has been set, the time will appear on the website.
https://live.sovryn.app/origins?utm_source=Bitcointalk&utm_medium=ANN%20Thread&utm_campaign=Bitcointalk_ANN_Thread


Also, maybe they still haven't found a bright spot for this reason :

on the three messages above, they wrote the reason why the sale is still being postponed.One of the reasons is that bitcoin is now at such values.As soon as the situation stabilizes, the sale will be launched, in any case, it is better to track the news in the telegram group.

[Coin-1]

Is there any new update on the token sale..? Some teams are starting their process as the market is relatively stable and we might see a good turnout here as the hype for Babel Fish is good.

From my understanding, the Babel Fish team does not want to sell tokens until the Bitcoin price is below 42000 USD. Sounds pretty weird. They even started a bounty campaign but suddenly postponed crowdfunding indefinitely.

Also the second question concerns legal issues. Perhaps the team wants to impose strict rules for governing the stable token in order to mitigate the risks of an XUSD collapse.

I guess that the Babel Fish team just wants to conduct a token sale on Sovryn when the global cryptocurrency market is bullish. They want to succeed in raising enough money and make a strong stable token on the RSK network.

[irfan_pak10]

Is there any new update on the token sale..? Some teams are starting their process as the market is relatively stable and we might see a good turnout here as the hype for Babel Fish is good.

From my understanding, the Babel Fish team does not want to sell tokens until the Bitcoin price is below 42000 USD. Sounds pretty weird. They even started a bounty campaign but suddenly postponed crowdfunding indefinitely.

Also the second question concerns legal issues. Perhaps the team wants to impose strict rules for governing the stable token in order to mitigate the risks of an XUSD collapse.

I guess that the Babel Fish team just wants to conduct a token sale on Sovryn when the global cryptocurrency market is bullish. They want to succeed in raising enough money and make a strong stable token on the RSK network.

https://t.me/BabelFishTalk

[irfan_pak10]

Dear Hitchhikers of the Galaxy,

The 9th community call will be pushed with one week to 19th of July. The general agenda is:
- General progress & update
- 2nd Bounty drop
- Sticker competition

We hope to see you all next week, have a nice day!

[necromastery]

Dear Hitchhikers of the Galaxy,

The 9th community call will be pushed with one week to 19th of July. The general agenda is:
- General progress & update
- 2nd Bounty drop
- Sticker competition

We hope to see you all next week, have a nice day!

Well, as part of the Babel Fish campaign, I'm truly happy to see those incoming update, can't wait to see their next big plans for this project. Hopefully with those update they are getting closer to the start of their token sale.
About the bounty drop, is it mean another round of bounty will be started in this forum? I would love to join on it one more time.

[irfan_pak10]

Hitchhikers of the Galaxy!

We have a small anniversary - the 10th Community Call!

It will be held on 2nd of August at 5PM UTC.

Main agenda for the Community Call is:
- General progress & update
- Update about Risk Management Board
- Fish School Bounties

Hear You soon!

https://youtu.be/yfIuUxbfAP4

[$crypto$]

Maybe this is a bit of good news that BabelFish has announced its sale on August 18 and August 19.
But I'm still a little clueless about the conversation above on the telegram channel.

Day 1 Sale will take place on 18th of August.

Day 2 Sale will take place on 19th of August.

More details will follow ASAP.

Although the details have not been announced I will see how many sales from day one and day two.

[necromastery]

Maybe this is a bit of good news that BabelFish has announced its sale on August 18 and August 19.
But I'm still a little clueless about the conversation above on the telegram channel.

I'm still not sure about that, because it's not officially announced yet by the team, could be changed at any time until reach that day.
Also, the date is still not set on the "Upcoming Sales On Origins Launchpad" https://live.sovryn.app/origins, if that's the time I think it's close, they should put it there.

[shinratensei_]

Also, the date is still not set on the "Upcoming Sales On Origins Launchpad" https://live.sovryn.app/origins, if that's the time I think it's close, they should put it there.

The team is already aware of that and they need to contact sovryn team developers to give the exact date about the date of babel sale, it seems like that the sovryn team didn't change it and the babelfish team must also contact them because babelteam doesn't have control over it dude.