Important Update

Please note an important update on the SCIENTIA project. In short, we have decided to stop actively developing the SCIENTIA project. Nevertheless, we want to keep our promises and stay true to our values. Therefore, we have suggested a comprehensive distribution and reimbursement plan. After this plan, we will renounce ownership and the SCIENTIA Token will continue to exist on the blockchain as an autonomous smart contract. The community has voted on that plan and approved it. You can find the details and what you need to do below. The quickest way to get updates is our Telegram group. You can access the Telegram group here.

 

About SCIENTIA

SCIENTIA is a token that supports Science and returns rewards to the SCIENTIA Community.  The ultimate goal of the project was to establish a trust owned by the SCIENTIA Community. We did not manage to realize that Trust and have devised a comprehensive distribution and reimbrusement plan that the community has voted on. It was approved with an overwhelming majority. This made us very happy, as it allows us to put all long-term holders into a position in which they not only do not loose any money with SCIENTIA Token, but benefit from a distribution and reimbursement if they wish to do so. This allows us to stay true to our values and really differentiates us from other projects.

Importantly, the SCIENTIA Token will continue to exist on the blockchain, retain its basic tokenomics and be useable by anybody who wishes. We will relinquish ownership of the smart contract after the distribution phase. At that point, SCIENTIA Token will become an autonomous smart contract on the blockchain.

The Scientia Token

The SCIENTIA Token is an innovative token that has entered the Crypto space in October 2021. It was launched on the Binance Smart Chain and has been available via an independent secondary market, PancakeSwap, since November 2021. After an initial negative rebase phase that gathered the attention of the Crypto Community, it has achieved the initial target price of 314,159 $ in December 2021. This marked the end of phase I.

In February 2022 we have decided to stop the elastic supply feature and associated rebases of SCIENTIA token after a vote in the SCIENTIA community. At that moment in time, after some positive rebasing and another brief period of negative rebasing, the price of one SCIENTIA Token was approximately 0.0001 $. Since then, SCIENTIA Token operates without rebase.

In September/October 2022 a distribution and reimbursement plan was put in place and approved by the community after a vote. After this distribution and reimbursement period, we will relinquish ownership of the smart contract, so that it will become a fully autonomous smart contract on the blockchain. The distribution and reimbursement plan allows us to put all long-term holders into a position in which they not only do not loose any money with SCIENTIA Token, but benefit from a distribution and reimbursement if they wish to do so.

Important

Please read and understand the legal disclaimer available here, at the bottom of this page or in the whitepaper. Do not speculate with SCIENTIA for profit as this is absolutely not its intention. Most importantly, SCIENTIA and its token are not investment products and do not confer any ownership rights or rights to any return.

Distribution and Reimbursement Plan

We have set out with our token to work towards building the SCIENTIA Trust that will invest in Science and Technology and where the rewards will be reaped by the holders. We hit some obstacles on the way. One very memorable one was that the rebase feature of our token was often misunderstood and led people to abandon the token because they did not understand why the number of tokens in their wallet got less while the price increased. We were very transparent about this feature, and we were also not the first rebase token. But without doubt some people did not understand our communication and felt something unfair happened to them. This was hurting the project and was not in line with our objectives: We want the community to be always in full understanding of what happens. When a feature is too complicated and therefore wrongly understood by many people, it is probably better to get rid of it. After consultations with the community, we stopped the rebase feature some months ago. Of course, we were also affected by the bear market in the crypto space and the subsequent reduction in attention for projects like ours.

We have already communicated many months ago and continuously since then that we might not be able to pull off the SCIENTIA Trust because we simply have not accumulated enough money in the liquidity pool. The legal fees and related costs alone would be higher than what we have in the pool and even if it were enough, it would be a very inefficient use of our funds. Now we can say that this scenario is reality. The SCIENTIA Trust in the form we originally envisioned cannot happen. We have already started some measures in the meantime to provide alternatives for the SCIENTIA community to benefit from. We have distributed almost 2000 USD to the Paediatric Cancer Research Foundation and we stashed funds that we were not able to put into the Science Funding Call away, so that they mirror the ARK Innovation ETF for the benefit of the community. So, while we did not reach one of our important goals, we think that we already adapted in the past months in the ways described above.

Many of you will wonder what will now happen to the Scientia Trust Tokens. We have promised from the beginning that you will receive a benefit for holding STT1, STT2 and STT3 and this will of course be the case and our promise will be honoured! In addition, we want to reward all presale holders that are still on board in case they missed the STT1, STT2 or STT3 drops. And finally, we want to recognize that few people got on board the project not understanding the rebase in the beginning despite our explanations and provide an avenue for them to get out without financial damage.

Altogether, we plan to use funds in 3 ways:

1. All holders of STT1, STT2 and STT3 will have the chance to sell back their remaining SCIENTIA Token off-market to us for 150% of the USD value they had when they bought them. So, even though our reference crypto, BNB, is down way more than 50% since the all-time high, we want you to get more out of the project than you paid in. As we cannot start the SCIENTIA Trust, you will not have one benefit you were hoping to get. Therefore you, in our view, should be put in a position that is better than the one you were in at the beginning. We owe this to you, who are the core members of the community.

2. The same applies to all presale holders. They should also get the chance to sell back their remaining SCIENTIA Token off-market to us for 150% of the USD amount they have paid in the presale.

3. Those people who bought SCIENTIA Token later on a secondary exchange but can honestly explain that they did not understand the project and especially did not understand the rebase should have the chance to sell back their SCIENTIA they still hold as of this date for the original USD amount they have paid plus 3%. We know that we have no obligation to do so, as we were not even the sellers of the SCIENTIA Tokens in this case. But we feel that we want to use available funds to also give people a chance who were for example new to the crypto space to get back what they paid. This reimbursement will be on a discretionary basis, and we will ask for a simple explanation of their case including the reasons why they bought SCIENTIA Token and how they did not understand the rebase at first. We have always warned everybody that SCIENTIA Token is not for speculation — a warning that is still prominently placed on the homepage — so if you bought SCIENTIA Token purely for speculation despite these warnings, you do not fall into this reimbursement category — please be honest in your applications. Of course, all this also applies only to SCIENTIA Token bought until the announcement of the plan on 23 Sept 2022 and not those bought after this date.

The compensation will be paid out in BNB to a crypto wallet after returning your SCIENTIA Token and STT1, STT2 and STT3 if owned by you and require a simple KYC (know-your-customer, identity verification) check to prevent fraud and money laundering — we are legally obliged to do this.

We will hold ourselves bound to this offer until the end of 2022. After this, reimbursements can only be made on a discretionary basis, also for presale holders and STT1, STT2 and STT3 holders. But as we have always done in the past, we will do our best to work together with you to achieve a mutually good result. Everybody can choose for themselves if they want to accept the reimbursement. You can of course also decide to keep your SCIENTIA Token.

After the reimbursement / distribution, we do not plan to abandon the SCIENTIA project, but we will not actively develop it further or do active marketing. It will continue to exist as a cryptocurrency on the blockchain. We will renounce ownership of the SCIENTIA Token smart contract and the tokenomics will stay fixed as described below. From that moment onwards we are no longer in control of SCIENTIA Token. We will use remaining funds earmarked for science funding and mirroring the ARK Innovation ETF for the reimbursements described above and, once they are used up, use our own dev funds. We can use our remaining SCIENTIA Token holdings for this but will make sure that we do not sell more than 3% of all outstanding SCIENTIA Token per month, so that we do not affect the market price of SCIENTIA Token too much.

Altogether, we believe that this plan is fair for everybody. Those that have been with us for the whole journey can get a reward — 1.5x of what they paid for their tokens in the presale — and everybody has a fair opportunity to get out with a tiny bit more than what they paid as well.

Now you will ask how to participate in the distribution / reimbursement. We ask you to fill out a form which you can access by clicking on the button just below. The form requires you to to fill in certain KYC information which we need to collect from you for legal reasons and to prevent fraud. Once we have received your information we will get in contact with you with a confirmation of your category of distribution / reimbursement, the amount in BNB you can expect and a wallet address where we ask you to transfer your SCIENTIA Token and, if applicable to your category of reimbursement, your STT1, STT2 and STT3 token. Depending on our assessment of your KYC information we might ask you for further information in selected cases, such as a proof of your identity.

How to Buy and Sell

We do not sell any SCIENTIA Token. You can buy and sell SCIENTIA on the secondary market PancakeSwap. Click here to go to PancakeSwap. Please understand that SCIENTIA Token is not actively developed anymore, before you make any decision to buy or sell.

 

The SCIENTIA Contract is: 0x6af2f57f61cec0883c71f3175774ebeb290a10e6 (verified contract at bscscan.com)

 

Achievements

Special Buyback

 

24.12.2021

1970 $

Buyback in April

2022

172 $ 

Special Science Funding Distribution

 

04.01.2022

1970 $

Pediatric Cancer Research Foundation

Funding Proof

Buyback in May / June

2022

+ special buyback

1554 $ 

Buyback in February 2022

2815 $ 

Contribution to

SCIENTIA Vault 

June 2022

1750 $ 

Buyback in March

2022

453 $ 

Buyback in July / Aug / Sept

2022

409 $

As of September 2022

Distribution and Reimbursement Phase

 

Tokenomics

A transaction tax of 9.42% is applied to all transactions of the SCIENTIA Token. After renouncing ownership of the SCIENTIA Token smart contract it will autonomously distribute the transaction tax in the following way: There will be an automatic buyback and liquidity pool addition so that 3.14% of each transaction are automatically bought back and 3.14% of each transaction are automatically added to the liquidity pool. The final 3.14% will flow back to the developers and used to cover the remaining costs of the project such as the homepage, further reimbursements and can also be used to compensate the developers for their effort. Remaining funds earmarked for science funding and mirroring the ARK Innovation ETF are earmarked for distributions and reimbursements as we believe they fundamentally belong to the SCIENTIA community. Once these are used up, we will use our own dev funds. We can use our remaining SCIENTIA Token holdings for this but will make sure that we do not sell more than 3% of all outstanding SCIENTIA Token per month, so that we do not affect the market price of SCIENTIA Token too much.

Liquidity Pool Addition

3.14%

Buyback

3.14%

Development

3.14%

 

Our Values

Transparency: We will keep each holder informed at every stage of the project.

 

Community: We will build, invest in and reward the SCIENTIA Community.

 

Truth: Science is about seeking truth and challenging old ideas.

 

Support

If you need support or have questions please join our Telegram community where you will receive help. Either click on the link or search for SCIENTIAGROUP on Telegram. Please be aware of scam groups prentending to be official groups. This link will lead you to the only official group.

If you prefer to contact us directly, please fill out the following form:

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