Sapient Wellness Token Experiment

General Discussion
#219

For me, what got me was funding the wallet when I only had fiat and no crypto assets. I needed to get some crypto first before I could exchange that into BNB and in turn SPW. However, the experiecnce of this step, buying crypto from fiat, vary for people living in different jurisdictions. For example, I did not like Binance too much. But for Taiwanese, it was the most accesible and binance verified Taiwnese IDs in just ten minutes, so I still got BNB from binance exchange because it was the quickest for me. But I think there are reports where people said that they stuck at verifications in binance exchange.

Inexistence of a universal procedure from fiat to crypto is one of the obstacles for newcomers. Especially the crypto thing just became popular last year, and most of these exchanges were still budding. But this conumdrum is far out of the capability of this community to address.

If to put what Zen had demonstrated in his video tutorial in words for people who donā€™t have cyrpto assets yet, I think it would be like:

  1. Setup your MetaMask Wallet on your browser (do as Zenā€™s video tutorial)
  2. Add binance smart chain to metamask (do as Zenā€™s video tutorial)
  3. Buy BNB from your bank account/debitcard/credit card at an exchange thatā€™s easy for you. (This we have to navigate for ourselves. I got BNB directly by buying with debit card. But it appears to me that in other exchanges, you first have to get USDT from bank/card then exchange USDT into BNB.)
  4. Transfer the BNB you bought to metamask by withdrawl from whatever wallet these BNB were and deposit into your metamask (different wallets have different interfaces, but the task is find ā€œwithdrawl,ā€ and it should be all the same logic seen in Zenā€™s video tutorial)
  5. Using pancakeswap to swap BNB into SPW (do as Zenā€™s video tutorial)
  6. Itā€™s done. But to see SPW in your metamask wallet, you have to import SPW token manually, which is easy. Just copy-paste SPW contract in metamask while you are on BSC Mainnet.

Whenever there are transactions/transfers/swaps (step 3,4,5) , fee would incurr.

8 Likes
#220

Hey there beloved community!

I would like to suggest, in full understanding that this needs a process to eventually be integrated.

Iā€™ve been hanging around in some NFT-communities, after participating in raffles, shuffles and giveaways for a few months now in alot of groups and communities, Iā€™ve managed to win some NFTā€™s which grants me access to these clubs, the NFT being more of a ā€˜members certifiicateā€™. As a member, this grants even more internal shuffles, raffles and giveaways.

Now to the suggestion:
If we, as a community, agreed on buying and donating an extra NFT for every community project created with the wishes fulfilled of Captain, this NFT oould go to a SPW-treasury-vault. Yes, this would mostly benefit SPW-holders. But in the longer run, this would benefit the whole of the community, as an upliftment of SPW would uplift the whole of Sapien Medicine.

With the tempo of the blessings of the moment, this would mean that the treasury would grow pretty quickly. It seems by some new additions for every week.

So, what is the purpose of this treasury?

  • First and foremost, NFT holds itā€™s own value and would benefit the backing potential of the token, stabilizing it and making it more interesting for investors. This use-case seems to be upcoming to implement in a token, interweaving value with utility.
  • With the treasury vault, the community could vote how to handle this vault. We could offer holders-raffles/shuffles/giveaways, non-holders-raffles/shuffles/giveaways (a chance to enter in at mint-price). This would aswell increase interest in the token and be very inviting for people to both have a look at SPW (and all of SM) while also be another reason to take the step of entering the magic gate to this community.
  • One could also arrange raffles of any kind, for purposes of donating/charity etc. This could connect our community endeavors and NFT-creations with health-concerns of the world. Which would aswell give further interest for the token (being seen in other communities/contexts
  • This would also link all the community-projects, creating a feeling of wholeness through the community. Every creation is truly a blessing and together we fill our mutual treasury with our personal ideas, beautifully manifested.

Of course, there would be more utilities for such a treasury-vault. Creativity takes the lead here.

So, what would this cost us?
Well, the mathā€™s pretty easy. Say we have a community-project with 10 members. That would be $22.5/member for this donation. There are many ways how to solve this payment, but one suggestion is to raise the price of the NFT on average, to cover the cost of the donated purchase. Which is then simply donated by SM. This wouldnā€™t involve a multiple-payment collecting of the groups members, but rather automate the process.

As initiated, just a suggestion. But I see great value in this myself and potentials that canā€™t even be seen in the current now (considering the parallel potential growth of NFT in general and Sapien Medicine in particular).

The little extra price, is considering the blessings given to us on weekly basis (of immesurable measures :four_leaf_clover: ) a grain of salt in the deserts, we being active community-members (and project participants) should (without giving orders of how to navigate here) value the growth of Sapien Medicine and the SPW-token to the blessings given. If this would be a potential way to give back and help SM rise, Iā€™m happy to and Iā€™m sure there are many very grateful souls in here sharing this feeling and vision.

Thank you :sparkles:
grateful wishes to the greeted

6 Likes
#221

Brilliant suggestion, sensei. I hope this or something similar can be implemented. Gratz on your growing knowledge of the crypto and NFT world! cat-cute

3 Likes
#222

Who are from EU and have bought swt?
Which exchange have you used and how good are the fees?

Thx in advanceā€¦

edit: got my first SWT, woohoooo :beers:

8 Likes
#223

hellouu

is there a reason why the token costs less now?

fluctuating before being up and out?

i got more than the first time a while ago :partying_face: :cowboy_hat_face:

is there any goal (liquidity wise) or something we need to work on so we get it rolling in the tokens world? letsssss grow itttt

3 Likes
#224

Good buy @anon51280824
Someone sold but it was not enough. It was around 0.64 cents. With this new purchase it went to 0.74 :ok_hand:.

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4 Likes
#225

:partying_face::partying_face::shamrock::four_leaf_clover:

3 Likes
#226

Woot woot! :muscle::muscle:

1 Like
#227

IS this one the correct SPW token?

SPW

#228

I still dont understand why the price vary to purchase.

I thought this hasnt come out public yet?

Or where should i look because i dont see it anywhere.

Or is it how it goes buying the token until it comes out?

Im totally lost tbh.

I dont have a problem, waiting and whatever. I fully trust this and im excited but i need to understand it so i follow properly.

and most important there is one person that bought 1 time, then a second time different price, he jumped in because i told him to, and he is asking me these questions because he wants to keep buying, and i dont have answer because i dont understand it myself.

There are more people ready to buy, but same. I had to ask cause i dont know.

@Zen @brainLC ?

Thanks!

1 Like
#229

Every time someone buys the token, the price increases. Even more so if it is a large volume. So you have to take advantage to get more tokens (I bought some tokens when it was at $0.52). Imagine each token reaches the price of 10 dollars.

At the moment most people are holding on to the token.

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1 Like
#230

Thats what i thought at first. But what i dont understand is that the 1st time 3 of us bought was like 1.15 lol

Second time 0.73

Thats lower than the 1st time not higher, thats why i am confused

Also where do you see that graphic?

Is the token public already?

#231

AsĆ­ funciona, si tu vendes todo a este precio vas a perder y el precio se pondrĆ” mas barato.

Here

#232

No entiendo nada de lo q me dices.

Vamos por partes.

Segun lo q entendi este era un token q aun no salia al publico. (Para mi salir al publico significa q ya se puede vender, comprar perder ganar)

Ahi dice liquidity 55k pense q tenia q llegar a 250k para empezar a hacer transacciones.

No entiendo porq dices q si vendo todo pierdo?

Yo aqui no tengo ni idea q se hace o q debo hacer despues de aca

#233

Ok creo q entendi algo.

Si seguimos comprando el precio sigue subiendo

Si vendo el precio baja.

Osea q solo se cotiza cuando compran externos nuevos token no existentes de alguien?

1 Like
#234

There is to add liquidity and token purchase.
It is already public but not yet listed on exchange, here it becomes more popular for buying and selling. Only available to those who know the token address.

#235

So thats why if i go directly to bogchart (which i did)

And type SPW i couldnt find it.

So its the contract # what i need to type in the searching bar?

And last thing. Recap: :see_no_evil:

1-The more tokens i can buy in once the better because the price increases every time someone buys.

2- if i want to check the status i go to bogchart and type the contract # on the searching bar

3- is still not public yet but we can buy and sell because we know the address

4- i still dont understand why i will lose if i sell?
If i bought at 0.73 and then other people buys and it gets to 1 and i want to sell, wouldnt i profit from selling at 1 when i bought at 0.73? I dont see why i would lose?

Or is it because if i buy at 0.73 = 2,608 SPW
If i wanted to sell when the price is at 1 then id get less SPW to sell? Is thats how it is?

And thats why you are saying people is just holding onto the tokens for now, and just only buy for now. Okā€¦

When (in the future, im not expecting to profit now) would i earn? Only once is out to the public because the tokens could be sold at the price they would be at the time?

And thank you!

I swear once i understand something i never forget i promise

1 Like
#236

Thatā€™s right, if you sell when it goes up to $2 per token you will make a profit.
Ex.
You bought 1000 tokens at 0.50 investment $500
If you sell the 1000 tokens at $2 you will earn $1500 and recover $500 investment.

If you do the opposite you do not recover your investment but get less.

When listed on exchanges. They automatically include the address of the contract and you can search for them by name. Price and chart are displayed to see if it is convenient to buy or sell.

2 Likes
#237

What is the opposite. You said if you sell you lose everything and that got me like woah?? (So whats the purpose of this i thought) - i mean i understand the opposite should he buying high selling low) but it sounded different in your first comment

I know this, but this is not listed in exchange yet.

Thats why I asked how could i look for it in bogcharts? Like right now. Not clicking on the link you posted but me going directly on bogcharts

Thats the last thing ill ask i swear lol

Because i also want to check on it sometimes you know, :blush:

#238

Ah i get it now.

But yeah the 1st purchase at 1.15 was not much compared to the other so if i was to sell when higher than 0.73 but less than 1.15 i wouldnt sell eveything.

But i wont do that lol

Thanks a lot!!