Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SophiaTX Announcement - The Blockchain for Business
by
Darkoth89
on 04/02/2019, 23:23:24 UTC
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.

I totally get your point and I am also sure that they won't manage to get all old ERC20 tokens out of circulation. But nevertheless this buy-back program is a nice idea in my opinion. And it won't have that big influence on the prive of the Erc-20 tokens. The price will probably settle at 1/20 of the native SPTHX.