[ANN] Babel Fish | Money Protocol - page 5.

necromastery

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Quote from: irfan_pak10 on July 12, 2021, 02:12:31 PM

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

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Sugars.zone

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!

irfan_pak10

legendary

Activity: 3178

Merit: 1650

Sugars.zone

Quote from: Coin-1 on July 10, 2021, 11:46:08 PM

Quote from: johnwest on July 08, 2021, 09:51:12 PM

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

Coin-1

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Quote from: johnwest on July 08, 2021, 09:51:12 PM

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.

mandor

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Trphy.io

Quote from: johnwest on July 08, 2021, 09:51:12 PM

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 :

Quote from: ?? on ??

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.

johnwest

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BabelFish - FISH Token Sale at Sovryn

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.

icobits

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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.

ubercool

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Quote from: Xsinx on June 21, 2021, 10:23:23 AM

Quote from: ubercool on June 21, 2021, 08:33:42 AM

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.

Xsinx

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Quote from: ubercool on June 21, 2021, 08:33:42 AM

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

hero member

Activity: 1078

Merit: 504

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.

icobits

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Quote from: TimeTeller on June 17, 2021, 07:58:25 PM

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.

TimeTeller

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Quote from: Xsinx on June 17, 2021, 07:54:40 PM

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

Quote

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.

Xsinx

sr. member

Activity: 1036

Merit: 253

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

Quote

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.

icobits

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Quote from: shinratensei_ on June 17, 2021, 02:18:55 AM

Quote from: Xsinx on June 16, 2021, 11:24:27 PM

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

shinratensei_

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Quote from: Xsinx on June 16, 2021, 11:24:27 PM

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.

Xsinx

sr. member

Activity: 1036

Merit: 253

Quote from: mandor on June 16, 2021, 06:52:22 PM

Quote from: irfan_pak10 on June 16, 2021, 03:32:15 PM

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.

mandor

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Trphy.io

Quote from: irfan_pak10 on June 16, 2021, 03:32:15 PM

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.

irfan_pak10

legendary

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Sugars.zone

FISH TOKEN SALE IS DELAYED [TBC]

Token Sale Day One (limited to list of whitelisted wallet addresses, list already closed)
Start Time: TBC
End Time: June 23rd, 12:00 UTC (or when all tokens sold)
Tokens for sale: 32,508,000 (7.74%)
Maximum purchase: $2,000 (in rBTC)
Token price: $0.11 priced in rBTC TBC
Vesting: 10 months linear

Token Sale Day Two (Public)
Start Time: TBC
End Time: June 26th, 12:00 UTC (or when all tokens sold)
Tokens for sale: 20,000,000 (4.76%)
Maximum purchase: $3,000 (in rBTC)
Token price: $0.18 priced in rBTC TBC
Vesting: 10 months linear with 50% immediately vested

icobits

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The most anticipated public sale to date, Babel fish will surely break record as the fastest selling ICO in crypto history. My guess is, FISH will be sold out in less than one hour with the amount of people wanting to buy FISH on day 2 public sale.

necromastery

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Quote from: Lunar Crank on June 14, 2021, 07:51:31 AM

Quote from: sukoyomi on June 09, 2021, 07:08:32 PM

It just, looks like the site need so much update for information, while at this time it seems so simple and unprofessional. I'm sure they will make changes as their token sale time is incoming. That's more than 13 days from now, very much time to make it look better.

Yes, their site looks very simply. But i don't think that the reason of it is unprofessionalism. I think team just used so style. But there is one thing I want to find. I'm talking about team of project. Where can I see the team board?

Don't worry about it, surely they wouldn't miss such an important thing to show. Also even they haven't displayed their whitepaper on the website. They must have planned to deal with it. It's still okay to provide it later, than show us a copy paste content which is often carried out by suspicious projects.

Topic: [ANN] Babel Fish | Money Protocol - page 5. (Read 1330 times)