Totally irresponsible to just leave worthless sophiatx tokens to be sold on exchanges like etherdelta. Fuck your company.
Why? From their perspective is great. They sold ERC20 tokens and don't give people mainnet tokens then the team can sell the same tokens into the market a second time.
More money for them. Fuck the token holders and project supporters right. Unregulated crypto space is a scammers dream world. And the team are crooks.
Wow, such an offensive statement you are making here. I wasn't following Sophia for a while, but I have some ERC-20 tokens in the wallet. Wanted to swap them, but now I'm thinking to sell.
Can you please provide proofs of what you are saying? How they scammed people and didn't give coins after mainnet launch?
He does not properly understand how this process works, they did not scam people at all. As you can see in the Token Swap instructions here:
https://www.sophiatx.com/storage/web/SophiaTX_TokenSwap2.pdf?_t=1533808900You do not actually send the ERC-20 tokens to the team, you link your existing public key to a new SophiaTX public key by sending a 0 gas transaction from the ERC-20 address that you currently control. No actual coins get sent to the team. After going through the process your new MainNet tokens will be accessible through the created public/private key in the before mentioned process.
It is true that the remaining ERC-20 tokens can be sold onto a second market (by the person who still holds the ERC-20 tokens, not the SophiaTX team), however the SophiaTX team already has announced that they will have a buyback program for these old tokens:
The team has decided to introduce a voluntary Buy-Back program for all old ERC20
tokens. As per previous communication, the old ERC20 tokens are no longer valid for
the token swap for "new" tokens (native to new mainnet). The Buy-Back will be done
at the rate of 1 new token for 20 "old" ERC20 tokens (1:20). These tokens will be
bought back by the team and represent a fair mechanism; this allows the SPHTX team
to distribute more tokens to the existing community, which has been very supportive
of the project. At the same time, it allows for the process to eliminate old tokens from
circulations. The procedure will be available later in August, and the Buy-Back campaign
will last until at least the end of September.
https://www.sophiatx.com/storage/web/SophiaTX_Update.pdf?_t=1533037375