[ANN][ICO] SOMA - The Social Marketplace - page 128.

Sozialtourist

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Activity: 686

Merit: 101

Quote from: levyashin on October 30, 2017, 11:26:11 AM

Quote from: Sozialtourist on October 30, 2017, 09:35:33 AM

Quote from: Yasemin on October 29, 2017, 11:13:37 PM

Quote from: matjas on October 29, 2017, 02:59:46 AM

Quote from: Yasemin on October 28, 2017, 11:32:05 PM

After ICO you can buy remaining SOMA tokens on their platform. Also interesting: "Soma will provide a "liquidity reserve" of SCT, which will only be utilized in a theoretical situation, for instance, if after the ICO the SCT is not liquid enough to support the functioning of the Soma platform." From whitepaper.

They wont burn it? Dont like that idea, i hope it doesnt backfire back on them. I dont see the reason of doing that since their ICO is going quite good.

Im sorry for the confusion, I read this in the technical whitepaper, page 5:

''Soma Community Tokens can be acquired (in
exchange for Ether) during the ICO. After the
completion of the ICO, purchasing SCT for Ether
will be available via the Soma platform. The price
of SCT will be set according to its current price on
the stock exchanges.''

But I read it wrong, I thought the remaining tokens would be sold on the platform, but I read now that the remaining tokens are getting burned.

Nevertheless, it's an interesting part of the Whitepaper that you quoted. Could these SCTs that you can buy via the SOMA platform after the ICO be part of the 10% liquidity reserve, they will keep if the ICO will not get sold-out?

No, they announced it they won't. Probably they will implement in their system to buy/sell soma in their platform it is what i understand from this sentence.

The part of the technical whitepaper, that Yasemine quoted is still valid. So unless some whales get on board and buy all tokens, there will be SCTs available to buy after the ICO. Just not the whole amount of the unsold tokens. They will keep a 10% reserve for that purpose:

Here is the statement from Telegram.

"The unsold tokens will be burnt, expect the 10% liquidity reserve, which will only exist if the the ICO will not reach the hard cap. The rationale for the liquidity reserve is to ensure smooth functioning of the Soma platform in theoretical situation where onboarding users to the platform would not be able to buy SCT from the open markets. So it is a supportive SCT reserve for the platform for the unlikely event. If the liquidity reserve is not needed, these tokens will be burnt also."

kraterion

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Activity: 616

Merit: 145

🚀🚀 ATHERO.IO 🚀🚀

Quote from: levyashin on October 30, 2017, 11:26:11 AM

Quote from: Sozialtourist on October 30, 2017, 09:35:33 AM

Quote from: Yasemin on October 29, 2017, 11:13:37 PM

Quote from: matjas on October 29, 2017, 02:59:46 AM

Quote from: Yasemin on October 28, 2017, 11:32:05 PM

After ICO you can buy remaining SOMA tokens on their platform. Also interesting: "Soma will provide a "liquidity reserve" of SCT, which will only be utilized in a theoretical situation, for instance, if after the ICO the SCT is not liquid enough to support the functioning of the Soma platform." From whitepaper.

They wont burn it? Dont like that idea, i hope it doesnt backfire back on them. I dont see the reason of doing that since their ICO is going quite good.

Im sorry for the confusion, I read this in the technical whitepaper, page 5:

''Soma Community Tokens can be acquired (in
exchange for Ether) during the ICO. After the
completion of the ICO, purchasing SCT for Ether
will be available via the Soma platform. The price
of SCT will be set according to its current price on
the stock exchanges.''

But I read it wrong, I thought the remaining tokens would be sold on the platform, but I read now that the remaining tokens are getting burned.

Nevertheless, it's an interesting part of the Whitepaper that you quoted. Could these SCTs that you can buy via the SOMA platform after the ICO be part of the 10% liquidity reserve, they will keep if the ICO will not get sold-out?

No, they announced it they won't. Probably they will implement in their system to buy/sell soma in their platform it is what i understand from this sentence.

So remaining tokens will be burned? Low supply then, but remember that that's not the most important parameter, xrp for example has billions of coins but has a huge marketcap

FIEX

sr. member

Activity: 630

Merit: 276

Quote from: the_donald on October 30, 2017, 12:18:35 PM

Quote from: Elkmar on October 30, 2017, 12:06:57 PM

Quote from: ubercool on October 30, 2017, 06:10:09 AM

I dont think there will be any problem for SOMA to get fundings. They already did good campaigning and promotions. I just think google ads and Youtube ads will boost the ICO.

What is the state of the ICO right now ?

8.181.417 SCT sold so far out of 54mill.

Tokens sold is also included the bonusses?
So maybe a little less then 54M? Any way great funding! Really hope SOMA will be the next big thing!

Great work team!
You guys are doing great

SEELE^^01

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Activity: 952

Merit: 137

Quote from: the_donald on October 30, 2017, 12:18:35 PM

Quote from: Elkmar on October 30, 2017, 12:06:57 PM

Quote from: ubercool on October 30, 2017, 06:10:09 AM

I dont think there will be any problem for SOMA to get fundings. They already did good campaigning and promotions. I just think google ads and Youtube ads will boost the ICO.

What is the state of the ICO right now ?

8.181.417 SCT sold so far out of 54mill.

well, thats a good number, if you think that the ico got extended and will be running for a couple of time

the_donald

full member

Activity: 588

Merit: 100

Quote from: Elkmar on October 30, 2017, 12:06:57 PM

Quote from: ubercool on October 30, 2017, 06:10:09 AM

I dont think there will be any problem for SOMA to get fundings. They already did good campaigning and promotions. I just think google ads and Youtube ads will boost the ICO.

What is the state of the ICO right now ?

8.181.417 SCT sold so far out of 54mill.

SEELE^^01

full member

Activity: 952

Merit: 137

Quote from: areschen on October 30, 2017, 10:53:38 AM

Quote from: cantdecide on October 30, 2017, 10:00:36 AM

Quote from: martinholly167 on October 30, 2017, 01:01:08 AM

Quote from: cantdecide on October 29, 2017, 11:42:39 PM

Quote from: Voltaje on October 29, 2017, 09:52:56 PM

Quote from: jonnytracker on October 29, 2017, 09:29:59 PM

Soma sounds like a girl name . A cute office assistant logo would match the name Grin

Soma, i think its a Japanese name, that I don't know what it means, but definitely is not english or spanish, it is from another language for sure, so in a way it could sound silly for other people, for me though it sounds good, but it doesn't ring the concept of the project, nor the pet animal that represents it, but at last, it doesn't matter.

Could be from an Asian language or just a radom word. I can't imagen an Japanese word, also checked a dictionary and couldn't find something.

Or wait, I just found some internet slang or so in Japanese which says that soma is build out of ソマ　=　それまじ (sore maji) which means as much as "is it real?". But don't know if this is the origin for Soma.

Hey , enough Grin

.
You guys didnt realize it? SOMA >> SOcial MArketplace
But its also a guess Grin

Yeah or it is just Social Marketplace Shocked

I just got drawn into this Asian language thing that I haven't thought about this obvious naming lol

It's make sense. the name is is abbreviated to a word , not a person's name

looool facepalm... SOMA >> SOcial MArketplace => i think this is more obvious, than the japanese "is it real" slang.

Elkmar

full member

Activity: 294

Merit: 100

Quote from: ubercool on October 30, 2017, 06:10:09 AM

I dont think there will be any problem for SOMA to get fundings. They already did good campaigning and promotions. I just think google ads and Youtube ads will boost the ICO.

What is the state of the ICO right now ?

levyashin

sr. member

Activity: 980

Merit: 276

$CYBERCASH METAVERSE

Quote from: Sozialtourist on October 30, 2017, 09:35:33 AM

Quote from: Yasemin on October 29, 2017, 11:13:37 PM

Quote from: matjas on October 29, 2017, 02:59:46 AM

Quote from: Yasemin on October 28, 2017, 11:32:05 PM

After ICO you can buy remaining SOMA tokens on their platform. Also interesting: "Soma will provide a "liquidity reserve" of SCT, which will only be utilized in a theoretical situation, for instance, if after the ICO the SCT is not liquid enough to support the functioning of the Soma platform." From whitepaper.

They wont burn it? Dont like that idea, i hope it doesnt backfire back on them. I dont see the reason of doing that since their ICO is going quite good.

Im sorry for the confusion, I read this in the technical whitepaper, page 5:

''Soma Community Tokens can be acquired (in
exchange for Ether) during the ICO. After the
completion of the ICO, purchasing SCT for Ether
will be available via the Soma platform. The price
of SCT will be set according to its current price on
the stock exchanges.''

But I read it wrong, I thought the remaining tokens would be sold on the platform, but I read now that the remaining tokens are getting burned.

Nevertheless, it's an interesting part of the Whitepaper that you quoted. Could these SCTs that you can buy via the SOMA platform after the ICO be part of the 10% liquidity reserve, they will keep if the ICO will not get sold-out?

No, they announced it they won't. Probably they will implement in their system to buy/sell soma in their platform it is what i understand from this sentence.

areschen

full member

Activity: 392

Merit: 100

Quote from: cantdecide on October 30, 2017, 10:00:36 AM

Quote from: martinholly167 on October 30, 2017, 01:01:08 AM

Quote from: cantdecide on October 29, 2017, 11:42:39 PM

Quote from: Voltaje on October 29, 2017, 09:52:56 PM

Quote from: jonnytracker on October 29, 2017, 09:29:59 PM

Soma sounds like a girl name . A cute office assistant logo would match the name Grin

Soma, i think its a Japanese name, that I don't know what it means, but definitely is not english or spanish, it is from another language for sure, so in a way it could sound silly for other people, for me though it sounds good, but it doesn't ring the concept of the project, nor the pet animal that represents it, but at last, it doesn't matter.

Could be from an Asian language or just a radom word. I can't imagen an Japanese word, also checked a dictionary and couldn't find something.

Or wait, I just found some internet slang or so in Japanese which says that soma is build out of ソマ　=　それまじ (sore maji) which means as much as "is it real?". But don't know if this is the origin for Soma.

Hey , enough Grin

.
You guys didnt realize it? SOMA >> SOcial MArketplace
But its also a guess Grin

Yeah or it is just Social Marketplace Shocked

I just got drawn into this Asian language thing that I haven't thought about this obvious naming lol

It's make sense. the name is is abbreviated to a word , not a person's name

matjas

full member

Activity: 798

Merit: 115

Quote from: sockpuppet1911 on October 30, 2017, 07:50:27 AM

Quote from: Mystic90 on October 30, 2017, 07:33:50 AM

Quote from: fajarkus12 on October 30, 2017, 07:22:13 AM

Quote from: Mystic90 on October 30, 2017, 07:01:38 AM

If there any news on if they extend the ICO or would do a round 2? And is there any response by initial investors about this?

I think they extend this ico because bitcoin hard fork before, so the team still not satisfied with the result. Investor will respond positive as long as this project can raise more funds

I know the reason behind it, and i can understand the dilemma. But is there any news if they are going to do this or not? Or is it still undetermined?

I don't see any reasons preventing them to do that, other then it might wind up some investors. But that frustration could be avoided by just giving more bonuses for them.

They should announce it before but i dont think that many investors mind. Yes there will be more coins in circulation but on the other hand, Soma will have a bigger initial budget to lunch their platform and invest more in marketing. This can all reflect in bigger value in the future.

cantdecide

full member

Activity: 336

Merit: 112

Quote from: martinholly167 on October 30, 2017, 01:01:08 AM

Quote from: cantdecide on October 29, 2017, 11:42:39 PM

Quote from: Voltaje on October 29, 2017, 09:52:56 PM

Quote from: jonnytracker on October 29, 2017, 09:29:59 PM

Soma sounds like a girl name . A cute office assistant logo would match the name Grin

Soma, i think its a Japanese name, that I don't know what it means, but definitely is not english or spanish, it is from another language for sure, so in a way it could sound silly for other people, for me though it sounds good, but it doesn't ring the concept of the project, nor the pet animal that represents it, but at last, it doesn't matter.

Could be from an Asian language or just a radom word. I can't imagen an Japanese word, also checked a dictionary and couldn't find something.

Or wait, I just found some internet slang or so in Japanese which says that soma is build out of ソマ　=　それまじ (sore maji) which means as much as "is it real?". But don't know if this is the origin for Soma.

Hey , enough Grin

.
You guys didnt realize it? SOMA >> SOcial MArketplace
But its also a guess Grin

Yeah or it is just Social Marketplace Shocked

I just got drawn into this Asian language thing that I haven't thought about this obvious naming lol

Sozialtourist

full member

Activity: 686

Merit: 101

Quote from: Yasemin on October 29, 2017, 11:13:37 PM

Quote from: matjas on October 29, 2017, 02:59:46 AM

Quote from: Yasemin on October 28, 2017, 11:32:05 PM

After ICO you can buy remaining SOMA tokens on their platform. Also interesting: "Soma will provide a "liquidity reserve" of SCT, which will only be utilized in a theoretical situation, for instance, if after the ICO the SCT is not liquid enough to support the functioning of the Soma platform." From whitepaper.

They wont burn it? Dont like that idea, i hope it doesnt backfire back on them. I dont see the reason of doing that since their ICO is going quite good.

Im sorry for the confusion, I read this in the technical whitepaper, page 5:

''Soma Community Tokens can be acquired (in
exchange for Ether) during the ICO. After the
completion of the ICO, purchasing SCT for Ether
will be available via the Soma platform. The price
of SCT will be set according to its current price on
the stock exchanges.''

But I read it wrong, I thought the remaining tokens would be sold on the platform, but I read now that the remaining tokens are getting burned.

Nevertheless, it's an interesting part of the Whitepaper that you quoted. Could these SCTs that you can buy via the SOMA platform after the ICO be part of the 10% liquidity reserve, they will keep if the ICO will not get sold-out?

Piggy

hero member

Activity: 784

Merit: 1416

Quote from: lobat999 on October 30, 2017, 08:35:32 AM

I hope the Android Alpha version will be released before the token sale ends.

Many people are waiting for the android version, wish they would have released that before the iOS one.
It would also be nice to be able to try the web version of the market itself, but as i read from the website the beta version will come up the next year.
Now i believe they are working hard on the project, but i wish there would have been a little bit more to see, because i am curious about the project itself and because would have helped also during the sale.

Trrrt

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Activity: 448

Merit: 107

I think the alpha version on android will be released soon, even if its not before the token sale. We already have the ios version to see how the app is and the features, and the global result is really nice.

lobat999

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Activity: 1078

Merit: 310

I hope the Android Alpha version will be released before the token sale ends.

sockpuppet1911

sr. member

Activity: 994

Merit: 278

Quote from: Mystic90 on October 30, 2017, 07:33:50 AM

Quote from: fajarkus12 on October 30, 2017, 07:22:13 AM

Quote from: Mystic90 on October 30, 2017, 07:01:38 AM

If there any news on if they extend the ICO or would do a round 2? And is there any response by initial investors about this?

I think they extend this ico because bitcoin hard fork before, so the team still not satisfied with the result. Investor will respond positive as long as this project can raise more funds

I know the reason behind it, and i can understand the dilemma. But is there any news if they are going to do this or not? Or is it still undetermined?

I don't see any reasons preventing them to do that, other then it might wind up some investors. But that frustration could be avoided by just giving more bonuses for them.

Mystic90

full member

Activity: 154

Merit: 100

Quote from: fajarkus12 on October 30, 2017, 07:22:13 AM

Quote from: Mystic90 on October 30, 2017, 07:01:38 AM

If there any news on if they extend the ICO or would do a round 2? And is there any response by initial investors about this?

I think they extend this ico because bitcoin hard fork before, so the team still not satisfied with the result. Investor will respond positive as long as this project can raise more funds

I know the reason behind it, and i can understand the dilemma. But is there any news if they are going to do this or not? Or is it still undetermined?

fajarkus12

full member

Activity: 350

Merit: 100

Quote from: Mystic90 on October 30, 2017, 07:01:38 AM

If there any news on if they extend the ICO or would do a round 2? And is there any response by initial investors about this?

I think they extend this ico because bitcoin hard fork before, so the team still not satisfied with the result. Investor will respond positive as long as this project can raise more funds

Mystic90

full member

Activity: 154

Merit: 100

If there any news on if they extend the ICO or would do a round 2? And is there any response by initial investors about this?

stormcleric

sr. member

Activity: 308

Merit: 250

Quote from: the_donald on October 30, 2017, 06:37:34 AM

Quote from: ubercool on October 30, 2017, 06:10:09 AM

I dont think there will be any problem for SOMA to get fundings. They already did good campaigning and promotions. I just think google ads and Youtube ads will boost the ICO.

that remains to be seen. the ico started off week so had to extend the timeframe.

Yes, other projects are being affected by the overwhelming number of ICOs nowadays. It's a shame some good projects won't be able to take off due to this so let's cross our fingers.

Topic: [ANN][ICO] SOMA - The Social Marketplace - page 128. (Read 92824 times)