[ANN] SophiaTX Announcement - The Blockchain for Business - page 6.

o48o

legendary

Activity: 3052

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Leading Crypto Sports Betting & Casino Platform

Quote from: SophiaTX on February 04, 2019, 06:53:18 AM

Quote from: o48o on February 01, 2019, 03:25:08 PM

Quote from: SophiaTX on February 01, 2019, 05:15:40 AM

In order to remove ERC-20 tokens from circulation, we created a voluntary ‘Buy-back’ program for everyone which follows a 1:20 ratio where for every 20 old tokens you will receive 1 new token. Instructions have been released yesterday : https://youtu.be/w4U6Bh-7vVA

Why do you need to remove ERC-20 tokens from circulation? It's not like they are hurting anyone. In fact the rise of the price could just confuse people about their purpose.

Ass we mentioned in previous reply, they are not exactly in circulation, but they are still out there and we want them all in one place so they are not confused with the new SPHTX token. Also this is our way to say thank you to all our supporters by giving them additional tokens for free.

Well that's very kind of you, but i still think that speculation of rising token value will just get people trading them. I think that getting rid of them all is just impossible.

SophiaTX

full member

Activity: 518

Merit: 101

Quote from: o48o on February 01, 2019, 03:25:08 PM

Quote from: SophiaTX on February 01, 2019, 05:15:40 AM

In order to remove ERC-20 tokens from circulation, we created a voluntary ‘Buy-back’ program for everyone which follows a 1:20 ratio where for every 20 old tokens you will receive 1 new token. Instructions have been released yesterday : https://youtu.be/w4U6Bh-7vVA

Why do you need to remove ERC-20 tokens from circulation? It's not like they are hurting anyone. In fact the rise of the price could just confuse people about their purpose.

Ass we mentioned in previous reply, they are not exactly in circulation, but they are still out there and we want them all in one place so they are not confused with the new SPHTX token. Also this is our way to say thank you to all our supporters by giving them additional tokens for free.

SophiaTX

full member

Activity: 518

Merit: 101

Quote from: kraterion on February 01, 2019, 01:54:26 PM

Quote from: SophiaTX on February 01, 2019, 05:15:40 AM

Quote from: nobytes on January 31, 2019, 02:56:10 PM

Quote from: jvper on January 28, 2019, 03:04:44 PM

Quote from: kraterion on January 28, 2019, 02:30:53 PM

I don't like buyback programs, I think that they are an artificial mean to drive up the price, only in the short term (also, only if you burn said coins/tokens)

In this case it is the opposite: the company is using SPHTX to buy the ERC20, so they are actually going to ignite more and more the supply.

Wait what? How? What erc20 token are you talking about, aren't they buying the sphtx tokens from the decent blockchain?

In order to remove ERC-20 tokens from circulation, we created a voluntary ‘Buy-back’ program for everyone which follows a 1:20 ratio where for every 20 old tokens you will receive 1 new token. Instructions have been released yesterday : https://youtu.be/w4U6Bh-7vVA

So there are ERC 20 tokens in circulation? How? I was under the impression that a swap happened and all ERC 20 have no reason to exist

They are not exactly in circulation, but they are still out there and we want them all in one place so they are not confused with the new SPHTX token.

SophiaTX

full member

Activity: 518

Merit: 101

Dear community, we have compiled a list of instructions on how to apply for SophiaTX Buyback.

You can access them here: http://bit.ly/2RzazJj or watch a video tutorial here: https://youtu.be/w4U6Bh-7vVA

o48o

legendary

Activity: 3052

Merit: 1168

Leading Crypto Sports Betting & Casino Platform

Quote from: SophiaTX on February 01, 2019, 05:15:40 AM

In order to remove ERC-20 tokens from circulation, we created a voluntary ‘Buy-back’ program for everyone which follows a 1:20 ratio where for every 20 old tokens you will receive 1 new token. Instructions have been released yesterday : https://youtu.be/w4U6Bh-7vVA

Why do you need to remove ERC-20 tokens from circulation? It's not like they are hurting anyone. In fact the rise of the price could just confuse people about their purpose.

kraterion

full member

Activity: 616

Merit: 145

🚀🚀 ATHERO.IO 🚀🚀

Quote from: SophiaTX on February 01, 2019, 05:15:40 AM

Quote from: nobytes on January 31, 2019, 02:56:10 PM

Quote from: jvper on January 28, 2019, 03:04:44 PM

Quote from: kraterion on January 28, 2019, 02:30:53 PM

I don't like buyback programs, I think that they are an artificial mean to drive up the price, only in the short term (also, only if you burn said coins/tokens)

In this case it is the opposite: the company is using SPHTX to buy the ERC20, so they are actually going to ignite more and more the supply.

Wait what? How? What erc20 token are you talking about, aren't they buying the sphtx tokens from the decent blockchain?

In order to remove ERC-20 tokens from circulation, we created a voluntary ‘Buy-back’ program for everyone which follows a 1:20 ratio where for every 20 old tokens you will receive 1 new token. Instructions have been released yesterday : https://youtu.be/w4U6Bh-7vVA

So there are ERC 20 tokens in circulation? How? I was under the impression that a swap happened and all ERC 20 have no reason to exist

IlVeroNico

full member

Activity: 621

Merit: 214

The process is really easy, did it today in 15 minutes.

Also a nice way to clean our wallets from the useless ERC-20 at this point

SophiaTX

full member

Activity: 518

Merit: 101

Quote from: nobytes on January 31, 2019, 02:56:10 PM

Quote from: jvper on January 28, 2019, 03:04:44 PM

Quote from: kraterion on January 28, 2019, 02:30:53 PM

I don't like buyback programs, I think that they are an artificial mean to drive up the price, only in the short term (also, only if you burn said coins/tokens)

In this case it is the opposite: the company is using SPHTX to buy the ERC20, so they are actually going to ignite more and more the supply.

Wait what? How? What erc20 token are you talking about, aren't they buying the sphtx tokens from the decent blockchain?

In order to remove ERC-20 tokens from circulation, we created a voluntary ‘Buy-back’ program for everyone which follows a 1:20 ratio where for every 20 old tokens you will receive 1 new token. Instructions have been released yesterday : https://youtu.be/w4U6Bh-7vVA

SophiaTX

full member

Activity: 518

Merit: 101

The SophiaTX Buyback program is here!

We have released an instructional video to make your buyback process easy: https://youtu.be/w4U6Bh-7vVA

nobytes

full member

Activity: 364

Merit: 101

Quote from: jvper on January 28, 2019, 03:04:44 PM

Quote from: kraterion on January 28, 2019, 02:30:53 PM

I don't like buyback programs, I think that they are an artificial mean to drive up the price, only in the short term (also, only if you burn said coins/tokens)

In this case it is the opposite: the company is using SPHTX to buy the ERC20, so they are actually going to ignite more and more the supply.

Wait what? How? What erc20 token are you talking about, aren't they buying the sphtx tokens from the decent blockchain?

jvper

hero member

Activity: 966

Merit: 507

Quote from: SophiaTX on January 31, 2019, 07:35:07 AM

We proudly announce the official launch of SophiaTX Academy

Learn what blockchain can do for your business and explore real use-cases with our industry professionals. Find the right course for you here: https://academy.sophiatx.com

It looks like a very interesting initiative. It is aligned with the best interests of the project, not some random initiative. Congrats for putting your creativity into something useful. This kind of thing seems to be in the blood of the team.

SophiaTX

full member

Activity: 518

Merit: 101

We proudly announce the official launch of SophiaTX Academy

Learn what blockchain can do for your business and explore real use-cases with our industry professionals. Find the right course for you here: https://academy.sophiatx.com

jvper

hero member

Activity: 966

Merit: 507

Quote from: Rozita on January 28, 2019, 06:26:47 PM

Quote from: kraterion on January 28, 2019, 02:30:53 PM

I don't like buyback programs, I think that they are an artificial mean to drive up the price, only in the short term (also, only if you burn said coins/tokens)

I also like the price rises naturally with developments of the project. But buy back which is going to be done is not bad. Decreasing the supply will be likely effective. It's good even if it rises the price only in short term. Any healthy activity for rising the price should be appreciated.

It is the opposite, Rozita. In this case the company is using SPHTX to buy the ERC20, so they are actually going to increase the supply.

muleroaa

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Activity: 924

Merit: 526

GIF by SOCIFI

Quote from: jvper on January 28, 2019, 03:04:44 PM

Quote from: kraterion on January 28, 2019, 02:30:53 PM

I don't like buyback programs, I think that they are an artificial mean to drive up the price, only in the short term (also, only if you burn said coins/tokens)

In this case it is the opposite: the company is using SPHTX to buy the ERC20, so they are actually going to ignite more and more the supply.

Exactly, they are all the old ERC20 tokens from before SPHTX went over to their own chain.

Rozita

full member

Activity: 658

Merit: 108

Quote from: kraterion on January 28, 2019, 02:30:53 PM

I don't like buyback programs, I think that they are an artificial mean to drive up the price, only in the short term (also, only if you burn said coins/tokens)

I also like the price rises naturally with developments of the project. But buy back which is going to be done is not bad. Decreasing the supply will be likely effective. It's good even if it rises the price only in short term. Any healthy activity for rising the price should be appreciated.

Jepli

member

Activity: 315

Merit: 10

Quote from: SophiaTX on January 27, 2019, 07:27:46 PM

Dear followers, the Buyback Program is in the final stages of preparation.

All details will be announced on the 31st of January.

Great to know you are implementing this program and its a one way to show that you guys are giving importance to the community and really care about the project in general.

jvper

hero member

Activity: 966

Merit: 507

Quote from: kraterion on January 28, 2019, 02:30:53 PM

I don't like buyback programs, I think that they are an artificial mean to drive up the price, only in the short term (also, only if you burn said coins/tokens)

In this case it is the opposite: the company is using SPHTX to buy the ERC20, so they are actually going to ignite more and more the supply.

kraterion

full member

Activity: 616

Merit: 145

🚀🚀 ATHERO.IO 🚀🚀

I don't like buyback programs, I think that they are an artificial mean to drive up the price, only in the short term (also, only if you burn said coins/tokens)

SophiaTX

full member

Activity: 518

Merit: 101

Dear followers, the Buyback Program is in the final stages of preparation.

All details will be announced on the 31st of January.

muleroaa

hero member

Activity: 924

Merit: 526

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Quote from: ?? on ??

Buyback Program (31 January 2019)
https://coindar.org/en/event/sophiatx-sphtx-buyback-program-17156

Great, finally some more details on the buyback program. Nice to recoup some more SPHTX after the price has gone down for a while...

Topic: [ANN] SophiaTX Announcement - The Blockchain for Business - page 6. (Read 67301 times)