Soferox ICO - Twin Blockchain and Proof of Pact Algorithm
This is another interesting ICO i saw lately. What mostly interested me is their unique alghoritm called PoP and a new blockchain.
Not something run on Ethereum or Bitshares but a fully new chain with new technology.
Soferox Idea
Ths idea is complex but they want to make a blockchain that has no fees, allows swaps between multiple coins, has vaults, wallets and kind of blockchain banking inside. Hard to keep explanation short but this image shows functions in easiest way.
If you want to full read and check whats this about see their whitepaper at https://www.soferox.com/Documents/Soferox-White-Paper.pdf
Good summary
Soferox has been conceived and designed to bring
the first free way to send, receive and store the
most popular and favorite cryptocurrencies. We will
be offering individuals and companies the ability to
create invoices, send and receive payments, multicurrency
wallets, and act as a safe and secure
vault, all while charging no fees. As the project
grows and expands we look forward to adding
more features to open more avenues and appeal to
more markets to facilitate converting more fiat
currencies into cryptocurrencies.
Many Currencies For ICO (Currently 30% bonus)
What currently unusual is that the tokens value is pegged to USD so we are capable of using many different currencies to enter.
Currently they have 30% bonus on all deposits and this is so far what they got.
To join you have to anonymously register all needed is email.
As usual before buying do your research!
Website: https://www.soferox.com/
Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips! |
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I like the idea but as an investor I'm like, "Shutup and tell me how I'm going to make money."
Skimming the whitepaper I don't see how this is a profitable investment.
edit
So trusting a third party to make money? Sounds like bitconnect
Why wouldn't I just use omiseGO as a multiwallet?
I would have to agree. With white-papers that are rich on technical detail but poor in exhibiting the business model with a demonstration of inherent token value, I generally pass. That said, even the general description I'm seeing here doesn't get me excited.
Cryptoguru in the making meets cryptoexpert, match made in heaven, thanks for the informative post. Cheers :)
Nice find, i think (as ive understood it) its fully decentralized and just funds that you put into vault (not the wallet!) are kind of used for investment. But hopefully others speak and clear this part
Great that you actually did what i said and READ the whitepaper!
thanks for sharing!!! keep it up!!!!
Thank you for the lovely post, wishing you all the best.:) information is sure to come in handy, but more than that, it gives me great confidence to know your hard work is being the useful.
I will second that!!
Let's see what they will do.
Thank you for the information @kingscrown
I think really far ahead by it's technology good ico to invest.
Regards @oodeyaa
how it compare to steem n steem dollar.. i think steem is much more better. and already implimented in good ways
Finally something which puts everything on the same place if I get it rigth. And a bless to say goodbye to all the fees for everything. In a way it could get a higher trade volume and atract new people to the cryptocurrency
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thanks for sharing, informative post
I think that the expectations are good... n should be...however the real test is TIME.... we will wait to see it through rough times ahead...especially when the market recovers...