Soferox ICO (SFX)
Soferox aim to streamline the Cryptocurrency world
“Our main goal is create an environment of users that use this software to trade and exchange coins. We will offer a wide array of features and security benefits that should give incentive to use the software and keep funds within it. We want to see the commerce and E-commerce markets begin to utilize this currency as it truly is revolutionary.” – Soferox
Interview with Soferox
BitcoinChaser: What kind of problem, market deficiency or opportunity inspired you to launch your project?
Soferox: The problem I noticed was that anytime, or anywhere you want to trade or exchange your crypto you are charged a fee. Even if it is to someone in that same system. For someone who does daily transactions these fees can really add up. The crypto world has had the ability to change this, but has not due to greed. I then thought of PayPal and other platforms that are free to use and thought to myself, why can’t we do this with crypto, and thus the birth of Soferox.
BC: How will your project address this problem, market deficiency or opportunity in a unique way?
SFX: We are addressing this issue by creating a full scale system to allow for the trading of crypto with ZERO fees. The trading of different crypto types for free, and the storing of cryptos for free.
BC: How do you think competition will develop in this segment of the market following your ICO?
SFX: I think this will be a domino type affect. Either companies will adapt to our model, and if they don’t I can definitely see us becoming a top tier site to store and trade cryptos.
BC: What are you planning to do with the proceeds of your ICO, and why?
SFX: We already have the base code and model for software, what we need ICO proceed for is to develop the application on a large scale and build the necessary infrastructure to serve the users. We are basically taking 10% of ICO earnings for all this and dumping the remainders into the Soferox economy to allow for a strong and sustainable start while we build users.
BC: For all those who have read your white paper (pdf) and are still on the fence about contributing to your ICO, what can you tell them that could lead them to buy into your project?
SFX: I know the biggest question I get is “whats the catch?”, or “is this really free?”. I have on our website a presentation on the “Fee Free” system that should put your minds at ease, but let me say it one more time, Soferox is and will always be free to use.