Topic: [ANN][ICO] SOMA - The Social Marketplace - page 106. (Read 92794 times)
Angles investors may trustbusters in the project, so I don’t think they will dump their token so fast but maybe it’s possible so a lock period could be nice in some case. The liquidity reserve will increase the liquidity of the market for soma token in case of low liquidity, but not put the price down.
in mind, a very worthy project.
but really, when can we expect a working application on the android?
so that we can test its work
but really, when can we expect a working application on the android?
so that we can test its work
There is a demo IOS app I believe, haven't seen the demo Android app yet.
That's true, there are far more Android devices in the world than IOS. But don't forget that IOS users spend more time on their devices and they also spend more money online. So IOS users surely have to be targeted also
Well according to Forbes they are ...
https://www.forbes.com/sites/ewanspence/2014/08/03/ios-users-seven-times-more-active-than-android-users-suggests-net-applications/#6694f604515d
Some Apple fans have migrated to Android since then I guess, but I also found that last year iOS users spent more money then Android users. But I posted that about 100 pages ago.
Yes, better way lock bounty tokens for one month or so. Investors must receive tokens first of course.
Totally agree, but one month would be not enough, though.
Well according to Forbes they are ...
https://www.forbes.com/sites/ewanspence/2014/08/03/ios-users-seven-times-more-active-than-android-users-suggests-net-applications/#6694f604515d
Many thanks for the link to the article. I found interesting facts for myself there. And unexpected. https://www.forbes.com/sites/ewanspence/2014/08/03/ios-users-seven-times-more-active-than-android-users-suggests-net-applications/#6694f604515d
in mind, a very worthy project.
but really, when can we expect a working application on the android?
so that we can test its work
but really, when can we expect a working application on the android?
so that we can test its work
There is a demo IOS app I believe, haven't seen the demo Android app yet.
That's true, there are far more Android devices in the world than IOS. But don't forget that IOS users spend more time on their devices and they also spend more money online. So IOS users surely have to be targeted also
Well according to Forbes they are ...
https://www.forbes.com/sites/ewanspence/2014/08/03/ios-users-seven-times-more-active-than-android-users-suggests-net-applications/#6694f604515d
Do soma has any agreement with their angel investors that they can't sell their share before some time? Like 6 months or 1 year?
I think it would be appropriate if the shares of angel investors have a lock in period / frozen state for at least 6 months up in order to boost investors confidence.
Angel investors own the majority of SCT tokens, that would be another problem about liquiditym if they lock up their tokens there are going to be a really small amount of tokens in circulation
Well its kind of a dilemma with regards to the idea of liquidity reserve, I hoped they have come up with an agreement to allocate only a certain portion of Angel investors shares that can be tradable within a certain period of time
Quite rare that investors lock their tokens if they're not forced to do so
Do soma has any agreement with their angel investors that they can't sell their share before some time? Like 6 months or 1 year?
I think it would be appropriate if the shares of angel investors have a lock in period / frozen state for at least 6 months up in order to boost investors confidence.
I would suggest team members share should also be blocked and released in intervals if necessary.
Normally there are contracts like these for angel investors.
Yes, that's normally the case. It would be good if FIEX could get a confirmation of the SOMA team.
Probably FIEX will give us answer about this issue, he is great so far.
What sectors of the social market would be the most developed then for this particular project?
Businesses on the traditional stock markets always have the option to raise more money through secondary offerings. That is not something that is possible in the cryptosphere, I think, once all public and reserved tokens are circulating. You could argue that keeping a token reserve to raise money in the future is not necessarily a bad thing.
On the other hand, trying to control the token price as if you are a central bank is frowned upon and is economically out of context. You cannot apply fractional reserve mechanisms that interact with national and international socioeconomic drivers to your company's tokens. There is a simple term for that: market manipulation.
On the other hand, trying to control the token price as if you are a central bank is frowned upon and is economically out of context. You cannot apply fractional reserve mechanisms that interact with national and international socioeconomic drivers to your company's tokens. There is a simple term for that: market manipulation.
this might be an interesting proposal but must be very well explained to the community. 10 % of the entire token supply is a lot
SOMA needs your help!
There were a lot of questions about the tokens and what will be burned and what not.
We told we would hold a liquidity reserve to support the smooth functioning of the SOMA platform. We were thinking about 10% of the unsold tokens.
For the moment nothing is created, so there is no liquidity reserve.
We think this reserve would help any liquidity problems with the SCT to support smooth fuctioning of the SOMA platform. If investors hold on there SCT we think there should be a problem with the liquidity. So with this reserve, users can still buy SCT after ICO to be used on the platform, this will not be at ICO price.
The devs have decided to listen to our great community.
We will consider based on the feedback if the liquidity reserve will be created or not.
So please give us a well argumented feedback on what you think its best for SOMA and his future.
We will listen to you guys.
No reserve of liquidity is needed. If even on the site the price will be higher than at the ICO, how will this help, if prices fall on exchanges? And if there is a reserve of liquidity, it will. Why reserve liquidity? Are SOMA tokens not decimal? I think that investors who bought with confidence that unsold tokens will be burned, will be dissatisfied with the appearance of this liquidity reserve.
Maybe you don't understand what the liquidity is. It's not about token's price, it's about tokens in circulation, if there will be a small about circulating on the platform, there will be a liquidity problem.
I suggest FIEX to point this out because people are misunderstanding this
I understand what liquidity is. And you understand that the more tokens in circulation, the lower their price. The problem of liquidity is invented. There is no such problem. Tokens are divided up to 18 decimal places.
Do you agree with me that decimals are being used right now only with few coins? Or you expect SCT to go to $300 right after ICO?
The price of tokens will depend on the amount in circulation. Maybe $300.
A hypothetical liquidity crisis was invented to sell tokens after the ICO. Because now sales are not going very well.
Soma is not the first one with a liquidity fund. Paragon has a Controlled Reserve Fund and so far it does little to keep to price in control, decreasing from $2-something to $0.35. The fund has backfired as investors are accusing Paragon of dumping tokens. Paragon can not buy back any tokens as they have no revenue.
The problem is not too few tokens on the market, it is the opposite: too many tokens!
but paragon is still at the beginning of their journey and the market is atm fully into bitcoin, so it is pretty normal that the price of the token fell.
i am for burning the rest of the tokens
I watch sales stopped, the counter does not grow. Apparently there are two reasons: the fork BTC and the lack of developer activity.
They have no control over the effect of the upcoming BTC fork, but they certainly can be more active on the communication side. Assigning a new community manager is a good step, they should have done that a long time ago.
by now it just needs to stay calm and keep a cool head
normally big investors strive to invest quick when the ico starts but lets see
But there is also a final boost in sales when the deadline arrives Let's hope everything goes well.
yeah i read in an other topic that investors tend to invest right before the ico closes. im wondering why but i hope the best
As time passes, more information is potentially revealed, which allows investors to make a better decision on whether buying into an ICO is worth the risk. Hence buying at the last minute allows the investor to make the decision based on the most data possible.
Other investors simply can't make up their mind, and hence don't make a decision until they are forced to (ie. the ICO end is nigh).
Whatever is the case, I also wish SOMA the best.
SOMA needs your help!
There were a lot of questions about the tokens and what will be burned and what not.
We told we would hold a liquidity reserve to support the smooth functioning of the SOMA platform. We were thinking about 10% of the unsold tokens.
For the moment nothing is created, so there is no liquidity reserve.
We think this reserve would help any liquidity problems with the SCT to support smooth fuctioning of the SOMA platform. If investors hold on there SCT we think there should be a problem with the liquidity. So with this reserve, users can still buy SCT after ICO to be used on the platform, this will not be at ICO price.
The devs have decided to listen to our great community.
We will consider based on the feedback if the liquidity reserve will be created or not.
So please give us a well argumented feedback on what you think its best for SOMA and his future.
We will listen to you guys.
No reserve of liquidity is needed. If even on the site the price will be higher than at the ICO, how will this help, if prices fall on exchanges? And if there is a reserve of liquidity, it will. Why reserve liquidity? Are SOMA tokens not decimal? I think that investors who bought with confidence that unsold tokens will be burned, will be dissatisfied with the appearance of this liquidity reserve.
Maybe you don't understand what the liquidity is. It's not about token's price, it's about tokens in circulation, if there will be a small about circulating on the platform, there will be a liquidity problem.
I suggest FIEX to point this out because people are misunderstanding this
I understand what liquidity is. And you understand that the more tokens in circulation, the lower their price. The problem of liquidity is invented. There is no such problem. Tokens are divided up to 18 decimal places.
Do you agree with me that decimals are being used right now only with few coins? Or you expect SCT to go to $300 right after ICO?
The price of tokens will depend on the amount in circulation. Maybe $300.
A hypothetical liquidity crisis was invented to sell tokens after the ICO. Because now sales are not going very well.
Soma is not the first one with a liquidity fund. Paragon has a Controlled Reserve Fund and so far it does little to keep to price in control, decreasing from $2-something to $0.35. The fund has backfired as investors are accusing Paragon of dumping tokens. Paragon can not buy back any tokens as they have no revenue.
The problem is not too few tokens on the market, it is the opposite: too many tokens!
Yes, better way lock bounty tokens for one month or so. Investors must receive tokens first of course.
Even investors are dumping these days because of the bullish nature of Bitcoin. They just fear that Bitcoin will dominate everything and no token will have chance to stand.
but bitcoin is just a big bubble and has no real value, just gets pushed by forks... atm.
instead icos are like kickstarterts with a purpose behind it, but yes, can fail too
Yes, better way lock bounty tokens for one month or so. Investors must receive tokens first of course.
Even investors are dumping these days because of the bullish nature of Bitcoin. They just fear that Bitcoin will dominate everything and no token will have chance to stand.
They will finish ICO in 11 days, and segwit in 12 days will end. So dont worry
Yes, better way lock bounty tokens for one month or so. Investors must receive tokens first of course.
Even investors are dumping these days because of the bullish nature of Bitcoin. They just fear that Bitcoin will dominate everything and no token will have chance to stand.
They will finish ICO in 11 days, and segwit in 12 days will end. So dont worry
Yes, better way lock bounty tokens for one month or so. Investors must receive tokens first of course.
Even investors are dumping these days because of the bullish nature of Bitcoin. They just fear that Bitcoin will dominate everything and no token will have chance to stand.
Yes, better way lock bounty tokens for one month or so. Investors must receive tokens first of course.
Do soma has any agreement with their angel investors that they can't sell their share before some time? Like 6 months or 1 year?
I think it would be appropriate if the shares of angel investors have a lock in period / frozen state for at least 6 months up in order to boost investors confidence.
I would suggest team members share should also be blocked and released in intervals if necessary.
I would rather do this for bounty hunters, they are usually the one who dump their coins first. Why nobody does that?
i think, better ways is lock up for all investor (ICO buyer) for some months, maybe 2 months.
but, not locked up for bounty hunter, so if all token (at least 50% of total token that held by bounty hunter) has sold on market, the price will stable for long time, and dev has more time to developed their project and the token will more valuable.
The reserve of liquidity is not a bad idea, they will not use it to lower the price, but just to be sure that the liquidity will be enough for the market so people can trade easily. If soma team handle it nicely it will be helpful.
But the reserve of tokens shouldn't be to high. Enough liquidity would be even provided if they only have a low reserve. Jump to: