Hi Everyone! Thank you for patiently waiting for us to compile this $SIPHER Token Public Sale FAQ list!
We understand that some of the members in our community are unhappy & concerned with regards to some of the details regarding the Tokens sales mechanics!
We also want to let you guys know that the community is the heart of SIPHER. We wouldn't be where we are today without our community! We understand all your concerns and we take them very seriously, which is why we are hoping that this FAQ can provide you with some of the thought processes the team has gone through to make some of the these decisions.
Before we start with the FAQ section, we want to reiterate a point we have mentioned from the time we have started this project. Our vision for SIPHER is to build an exciting and enjoyable play to earn experience for all gamers. Owners of Genesis SIPHER NFTs have never been promised any short term returns & the value of these NFTs come from the fact that they are the first to enter the World of Sipheria to explore & enjoy the world, battle and collect amazing loots, along with various rewards including $SIPHER and $ATHER tokens, and have superior cloning features among some other utilities that will be added along the way.
That being said, let's move on to the FAQ to address some of the questions by our community.
Of course, this is one of the MAJOR concerns of the community. In this day, some Play-to-Earn games which have NFTs launched before the game have provided some sort of benefit to the players with regards to tokenomics, such as providing NFT buyers with a presale or a whitelist of sorts. Now, why has SIPHER decided to not announce any benefits for NFT holders with relation to the tokenomics?
"Use the Service to participate in fundraising for a business, protocol, or platform, including but not limited to creating, listing, or buying assets that are redeemable for financial instruments, assets that give owners rights to participate in an ICO or any securities offering, or assets that entitle owners to financial rewards, including but not limited to, DeFi yield bonuses, staking bonuses, and burn discounts." - OpenSea Terms of Service
Now at this point we are left with 2 options.
Option 1 : Disregard OpenSea's Terms of Service, risk getting delisted, and provide our NFT Holders with rewards anyway.
Option 2 : Avoid any Private Sale mechanics related to our NFTs, and remain tradable on OpenSea.
Of course, at this time we are also aware of many other projects that are not complying with certain regulations on OpenSea. However, SIPHER decided this is a risk we do not want to take given that OpenSea is currently the largest peer-to-peer marketplace for NFTs as of this moment, and has the largest trading volume and liquidity. OpenSea also gives SIPHER plenty of exposure, and we already have 3 collections listed on there.
With that said, we are working on developing our Sipher Marketplace to have more flexibility on the things we do for our community. More info will be provided later.
Firstly, we are not trying to play a comparison game over here. Some projects have allocated more to the public and some projects have allocated lesser to the public. Historical allocations of tokens for games released earlier than us does not need to validate how we might necessarily allocate our token distribution.