SphinksToken

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Sphinks Token Is A Decentralized Stablecoin Project With No Reliance On Traditional Systems And Trusted Third-parties. It Initially Pegs To The USD, Though Has The Capability To Transition To A New Form Of A Stable System That Has No Susceptibility To Hyper-inflation Or Reliance On Underlying Commodities. The Project Focuses On Harnessing Open And Decentralized Technologies To Provide User-friendly Monetary Systems With Next-gen Features. It Aims To Provide Private Accounts And Transactions, Smart Contracts, Fee-less And Near-instant Transactions, Zero Reliance On Traditional Systems And Trusted Third-parties, High-throughput For Global Merchant And Consumer Adoption And A Decentralized Exchange With Negligible Exchange Fees.

ICO INFORMATION STATUS
Will be ending in
Pre-ICO Start
10-06-2019
Pre-ICO End
10-08-2019
ICO start
10-08-2019
ICO end
27-06-2020
Token Ticker
SKFT
Listing Type
Price in ICO
1 SKFT = 0.1 USD
Bonus
Available
Bounty
Available
Platform
Utility and NEM
Minimum investment
#
Soft cap
5000000 USD
Soft cap
5000000 USD
Country
Whitelist/KYC
KYC
Restricted areas
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RATING STATUS
0.0
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EYE ANALYZER BOT 0.0
EYE SCORE BOT 0.0
Experts 0.0

About SphinksToken

About Sphinks Token
With the advent of distributed ledger systems that possess the ability to perform as intended without the threat of malicious intervention, we have the power to place code as law and thus removing virtually all forms of trust in any such system. The unique value proposition of this project lies both with the capability to transition to a “virtual” system from its initial fiat pegging and the ability to provide a practically stable currency that is essentially free from nefarious manipulation. The main vision of this project is to provide a transparent and reliable monetary system which functions independently of traditional systems and trusted third-parties. The long- term prospect is to provide both the benefits and means of a macro economic transition from fiat currencies to cryptocurrencies.

The more we understand what gives value to currency we realize that virtual systems with no physical links to traditional systems have the potential to function on a global scale if they provide practical usability with definitive rules in both code and operation. As we analyze the root of perceived value in any fiat pegged or otherwise stable cryptocurrency, there exists nothing other than a unified belief among users of underlying value or concepts to provide volatility mitigation. That belief is formed when a catalyst such as placing a dollar on lien occurs, thereby creating the perception that the user has transferred such value into the tokenized system. This project proposes a different system of “cryptocurrency value transfer with floating cryptocurrency- collateralization” rather than fiat-collateralization or non-collateralization as the mechanism for bringing value to each token; thus removing reliance and trust on traditional systems.

Welcome to the economy of the future!

ICO VERIFICATION STATUS
ICO KYC Report
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