Soferox ICO - Twin Blockchain and Proof of Pact Algorithm

kingscrown (81) in bitcoin • 7 years ago (edited)

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!

bitcoin blockchain cryptocurrency money beyondbitcoin

7 years ago by kingscrown (81)

$241.66

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pagoda (48) · 7 years ago (edited)

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

Now comes the important part, how do we make money to keep offering these services? Through the
investment of funds, trading on the crypto market, and returns on investments in other ventures we are
looking to ensure the continued funding of the Soferox system.

So trusting a third party to make money? Sounds like bitconnect

Why wouldn't I just use omiseGO as a multiwallet?

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7 votes

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icoexaminer (49) · 7 years ago

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.

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1 vote

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craigcryptoking (69) · 7 years ago

Cryptoguru in the making meets cryptoexpert, match made in heaven, thanks for the informative post. Cheers :)

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kingscrown (81) · 7 years ago

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!

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2 votes

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cryptoinvestinfo (50) · 7 years ago

thanks for sharing!!! keep it up!!!!

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1 vote

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keks (56) · 7 years ago

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.

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2 votes

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craigcryptoking (69) · 7 years ago

I will second that!!

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taspingo (50) · 7 years ago

Let's see what they will do.

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1 vote

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randowhale (67) · 7 years ago

This post received a 2.62% upvote from @randowhale thanks to @kingscrown! To learn more, check out @randowhale 101 - Everything You Need to Know!

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1 vote

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oodeyaa (60) · 7 years ago

Thank you for the information @kingscrown
I think really far ahead by it's technology good ico to invest.
Regards @oodeyaa

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1 vote

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doqstrader (50) · 7 years ago

how it compare to steem n steem dollar.. i think steem is much more better. and already implimented in good ways

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1 vote

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freestyle4ever (37) · 7 years ago

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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1 vote

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saeedshaikh (42) · 7 years ago

I think usually|this can be} often a useful post and it is very helpful and educated. consequently, i might would like to thanks for the endeavors you have created in composing this string.

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1 vote

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asrarahmad (36) · 7 years ago

thanks for sharing, informative post

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1 vote

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glyphzero (50) · 7 years ago

Another interesting post @kingscrown. It's possible to make the blockchain no fees for that. Thanks for the info.

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financialfsc (25) · 7 years ago

Hello
http://financialfreedomshop.onlinesalespro.com/financial2
Drop Bye Anytime

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cryptoforce (43) · 7 years ago

This really sounds promising I like the fact that it is an ICO that uses it's own new technology and not Ethereum

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minnowsupport (70) · 7 years ago

This post received a 20% vote by @minnowsupport courtesy of @charmer from the Minnow Support Project ( @minnowsupport ). Join us in Discord.

Upvoting this comment will help support @minnowsupport.

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talanhorne (67) · 7 years ago

First question: does this blockchain have its own token?

Second question: Is this token ultimately inflationary or deflationary?

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ahlawat (76) · 7 years ago

Best proof,
Nice, i like it the your post, thanks

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bien (70) · 7 years ago

Wow...this is very interesting..let's have a try..if we can do exchange with out any fees why not?

Thanks for this article and to a new ICO discovery @kingscrown

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geetharao (72) · 7 years ago

Thanks for sharing an informative post...

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genesisrugeles (38) · 7 years ago (edited)

Buen post amigo, Upvoted, pasate por mi blog, me interesa esa informacion. Saludos

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daudimitch (65) · 7 years ago

This one sounds very interesting, is the ICO already running on their PoP blockchain or the Ethereum. If its running on their own blockchain then getting some actually stats on their scalability would share some interesting light...

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letsmakes (46) · 7 years ago

Good post keep it up

i just up vote you !
You can see my new post- https://steemit.com/crypto/@letsmakes/bitcoin-splits-as-new-currency-takes-off
Follow me @letsmakes

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shihabieee (8) · 7 years ago

thanks for sharing keep it up

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ultimatepeace (39) · 7 years ago

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...

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muhajir (46) · 7 years ago

good post @kingscrown

It's useful.

thanks for sharing

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how2steemit (54) · 7 years ago

everyone should try this exchange .

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rusinho027 (39) · 7 years ago

good info, I will investigate about it, I hope it is decentralized as the blockchain BTC and ETH, thanks for sharing!

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revealer777 (45) · 7 years ago

great decentralized opportunity again

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unnun (49) · 7 years ago

Can't comment on the topic till I finish reading some of the White Paperbut I had to point out two typos I noticed while reading.
Ths idea is complex :: the
If you want to full read :: fully

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pratik27 (57) · 7 years ago

A free of cost bank and exchange is great news. Especially when governments are focused on banning cryptocurrency.

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fproductions (66) · 7 years ago

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walidsalah (57) · 7 years ago

Does a contraction occur if at one time?

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nicholas83 (56) · 7 years ago

Thanks for this one. I will look further into it. Upvoted and resteemed.

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mecherine (40) · 7 years ago

Thanks for shearing and clear explanation.

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rominag (44) · 7 years ago

Thank you for sharing this information :)

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redouanemez (69) · 7 years ago

what graet job, I realy like your post, upvoted and followed !
best for the next

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exxodus (60) · 7 years ago

Didn't hear about this one yet. Thanks! Nice post.

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ugetfunded (62) · 7 years ago

This post intrigued me to check details for Soferox. This will help many if it does not do the same mistake that Poloniex did. Thanks for sharing @kingscrown. Appreciate it.

By the way, I liked King's gif:

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couchtester (25) · 7 years ago

thanks for sharing!!

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blazing (70) · 7 years ago

lots of cool services it offers thanks for sharing about this ICO

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beulahlandeu (53) · 7 years ago

I think the internet is going to be one of the major forces for reducing the role of government. The one thing that’s missing but that will soon be developed, is a reliable e-cash. upvoted and following you. please do same

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arcange (73) · 7 years ago

Congratulations @kingscrown!
Your post was mentioned in the hit parade in the following categories:

Upvotes - Ranked 5 with 635 upvotes
Pending payout - Ranked 10 with $ 171,47

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jmiro1 (25) · 7 years ago

Another great ICO we should be looking at is the Soma Project. The Token Sale went live today, and they already raised a fair amount of money. Their objective is to build a decentralized social marketplace that will rival the likes of eBay, by offering a more intuitive platform that has the UI/UX and features that Facebook offers, all the while being a marketplace like eBay or Craigslist.

If you choose to invest make sure you use their official website: https://soma.co

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thatsprateep (27) · 7 years ago

Nice

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lyubov-coliving (25) · 7 years ago

Hi, there is an ICO that will sell out soon in the presale and you probably haven't heard about it. I know that the ICO market is overfunded now, but it shouldn't stop us from making money. So, here is the new project is coming soon - Dinoms by Coliving Club - check out more info at http://www.coliving.club/

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wakeupworldnews (58) · 7 years ago

Looks good

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edge-note (37) · 7 years ago

Hey where did you go. Bitcoin is like almost at 20,000. I'd like to hear your thoughts?

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Soferox ICO - Twin Blockchain and Proof of Pact Algorithm

Not something run on Ethereum or Bitshares but a fully new chain with new technology.

Soferox Idea

Good summary

Many Currencies For ICO (Currently 30% bonus)

Website: https://www.soferox.com/

Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips!

Good post keep it up