Quote from: kraterion on February 01, 2019, 06:54:26 PM

Quote from: SophiaTX on February 01, 2019, 10:15:40 AM

Quote from: nobytes on January 31, 2019, 07:56:10 PM

Quote from: jvper on January 28, 2019, 08:04:44 PM

Quote from: kraterion on January 28, 2019, 07:30:53 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.