[ANN][ICO] SOMA - The Social Marketplace - page 130.

the_donald

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Quote from: martinholly167 on October 30, 2017, 03:21:09 AM

Quote from: levyashin on October 30, 2017, 03:04:31 AM

Quote from: martinholly167 on October 30, 2017, 02:06:01 AM

Quote from: viljy on October 30, 2017, 02:03:13 AM

I do not understand what will happen to the unsold tokens? In one place it is written that they will be sold after the ICO on the site, in another place it is written that unsold tokens will be burned. I think that if they are sold on the site, this is a collapse of the project. Unsold tokens must be burned after ICO.

Hey , there is a clear statement about this on the previous page.
Here :

Quote from: FIEX on October 29, 2017, 05:41:07 PM

Thats true!
There should be more communication coming from the devs in this thread.

I searched on Telegram and found this:
Mohd:
Just incase the hard cap wasn't reached what will happen to the left tokens?

[16:51:36] Joseph:
@mohdsuwaidi they will be burned

This is coming from:
Joseph al Sharif (Co-Founder)

So let all stop the discussion now

No need to be confused anymore.

That is good news but i don't understand why anybody from Soma team comes here and makes an announcement about it and we are taking the news from their telegrams quote.

Anybody? Do you mean nobody?
Maybe they didnt hire someone to handle this thread page by page.

well they should've done that. this thread is good for promotion of the project as well.

Mystic90

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Quote from: martinholly167 on October 30, 2017, 02:06:01 AM

Quote from: viljy on October 30, 2017, 02:03:13 AM

I do not understand what will happen to the unsold tokens? In one place it is written that they will be sold after the ICO on the site, in another place it is written that unsold tokens will be burned. I think that if they are sold on the site, this is a collapse of the project. Unsold tokens must be burned after ICO.

Hey , there is a clear statement about this on the previous page.
Here :

Quote from: FIEX on October 29, 2017, 05:41:07 PM

Thats true!
There should be more communication coming from the devs in this thread.

I searched on Telegram and found this:
Mohd:
Just incase the hard cap wasn't reached what will happen to the left tokens?

[16:51:36] Joseph:
@mohdsuwaidi they will be burned

This is coming from:
Joseph al Sharif (Co-Founder)

So let all stop the discussion now

No need to be confused anymore.

I am happy to read that they will get burned! What caused the rumor to start that unsold tokens will be later sold on the marketplace?

martinholly167

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Activity: 658

Merit: 250

Quote from: levyashin on October 30, 2017, 03:04:31 AM

Quote from: martinholly167 on October 30, 2017, 02:06:01 AM

Quote from: viljy on October 30, 2017, 02:03:13 AM

I do not understand what will happen to the unsold tokens? In one place it is written that they will be sold after the ICO on the site, in another place it is written that unsold tokens will be burned. I think that if they are sold on the site, this is a collapse of the project. Unsold tokens must be burned after ICO.

Hey , there is a clear statement about this on the previous page.
Here :

Quote from: FIEX on October 29, 2017, 05:41:07 PM

Thats true!
There should be more communication coming from the devs in this thread.

I searched on Telegram and found this:
Mohd:
Just incase the hard cap wasn't reached what will happen to the left tokens?

[16:51:36] Joseph:
@mohdsuwaidi they will be burned

This is coming from:
Joseph al Sharif (Co-Founder)

So let all stop the discussion now

No need to be confused anymore.

That is good news but i don't understand why anybody from Soma team comes here and makes an announcement about it and we are taking the news from their telegrams quote.

Anybody? Do you mean nobody?
Maybe they didnt hire someone to handle this thread page by page.

jonnytracker

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Activity: 672

Merit: 261

Google the name I think some Asian artist name will pop up . I know one Soma indian artist . Will not provide details though . It's crypto unrelated

Yasemin

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Become Part of the Mining Family

Quote from: martinholly167 on October 30, 2017, 02:01:08 AM

Quote from: cantdecide on October 30, 2017, 12:42:39 AM

Quote from: Voltaje on October 29, 2017, 10:52:56 PM

Quote from: jonnytracker on October 29, 2017, 10:29:59 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

SOMA doesnt sound like a girl name at all, I think its very neutral and probably abbreviation of social marketplace. I think its the perfect choice

levyashin

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$CYBERCASH METAVERSE

Quote from: martinholly167 on October 30, 2017, 02:06:01 AM

Quote from: viljy on October 30, 2017, 02:03:13 AM

I do not understand what will happen to the unsold tokens? In one place it is written that they will be sold after the ICO on the site, in another place it is written that unsold tokens will be burned. I think that if they are sold on the site, this is a collapse of the project. Unsold tokens must be burned after ICO.

Hey , there is a clear statement about this on the previous page.
Here :

Quote from: FIEX on October 29, 2017, 05:41:07 PM

Thats true!
There should be more communication coming from the devs in this thread.

I searched on Telegram and found this:
Mohd:
Just incase the hard cap wasn't reached what will happen to the left tokens?

[16:51:36] Joseph:
@mohdsuwaidi they will be burned

This is coming from:
Joseph al Sharif (Co-Founder)

So let all stop the discussion now

No need to be confused anymore.

That is good news but i don't understand why anybody from Soma team comes here and makes an announcement about it and we are taking the news from their telegrams quote.

martinholly167

sr. member

Activity: 658

Merit: 250

Quote from: viljy on October 30, 2017, 02:03:13 AM

I do not understand what will happen to the unsold tokens? In one place it is written that they will be sold after the ICO on the site, in another place it is written that unsold tokens will be burned. I think that if they are sold on the site, this is a collapse of the project. Unsold tokens must be burned after ICO.

Hey , there is a clear statement about this on the previous page.
Here :

Quote from: FIEX on October 29, 2017, 05:41:07 PM

Thats true!
There should be more communication coming from the devs in this thread.

I searched on Telegram and found this:
Mohd:
Just incase the hard cap wasn't reached what will happen to the left tokens?

[16:51:36] Joseph:
@mohdsuwaidi they will be burned

This is coming from:
Joseph al Sharif (Co-Founder)

So let all stop the discussion now

No need to be confused anymore.

viljy

hero member

Activity: 1736

Merit: 857

I do not understand what will happen to the unsold tokens? In one place it is written that they will be sold after the ICO on the site, in another place it is written that unsold tokens will be burned. I think that if they are sold on the site, this is a collapse of the project. Unsold tokens must be burned after ICO.

martinholly167

sr. member

Activity: 658

Merit: 250

Quote from: cantdecide on October 30, 2017, 12:42:39 AM

Quote from: Voltaje on October 29, 2017, 10:52:56 PM

Quote from: jonnytracker on October 29, 2017, 10:29:59 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

magisterr

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Activity: 1372

Merit: 259

Quote from: Yasemin on October 30, 2017, 12:13:37 AM

Quote from: matjas on October 29, 2017, 03:59:46 AM

Quote from: Yasemin on October 29, 2017, 12:32:05 AM

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.

May be they have a special fund for this. I see, that they have 60 mln tokens in total, and 54 mln for token sale. So this 6 mln tokens for devs and...?
I cant find allocation of tokens. Can anyone help me find?

cantdecide

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Activity: 336

Merit: 112

Quote from: Voltaje on October 29, 2017, 10:52:56 PM

Quote from: jonnytracker on October 29, 2017, 10:29:59 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.

Yasemin

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Become Part of the Mining Family

Quote from: matjas on October 29, 2017, 03:59:46 AM

Quote from: Yasemin on October 29, 2017, 12:32:05 AM

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.

magisterr

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Activity: 1372

Merit: 259

Quote from: Voltaje on October 29, 2017, 10:52:56 PM

Quote from: jonnytracker on October 29, 2017, 10:29:59 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.

No, Soma - is a sci-fi horror game from Frictional Games. (for PC and PS4). So sooner, I think devs take name from this game.
May be this is someone related with Finnish name also, such as dev are from Finland (Such "soma" translated from Finnish as "cute")

Voltaje

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Activity: 350

Merit: 250

Quote from: jonnytracker on October 29, 2017, 10:29:59 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.

jonnytracker

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Activity: 672

Merit: 261

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

imtiazmahmood

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Activity: 476

Merit: 250

Quote from: Sozialtourist on October 29, 2017, 07:30:52 PM

Quote from: FIEX on October 29, 2017, 05:41:07 PM

Quote from: Sozialtourist on October 29, 2017, 03:59:19 PM

Quote from: magisterr on October 29, 2017, 03:36:08 PM

Devs made official announce about burning tokens? May be they will burn them. Just wait announce Roll Eyes

As far as I know, there are no new announcements regarding the burning of unsold tokens. And here we have it again. Communication! The Soma team should try to interact more with the community.

Thats true!
There should be more communication coming from the devs in this thread.

I searched on Telegram and found this:
Mohd:
Just incase the hard cap wasn't reached what will happen to the left tokens?

[16:51:36] Joseph:
@mohdsuwaidi they will be burned

This is coming from:
Joseph al Sharif (Co-Founder)

So let all stop the discussion now

I already knew this answer, it's from the 24th of October, so before they decided to extend the ICO. And I was sure that they'll burn unsold tokens till the discussion here in the forum came up today. I thought this discussion came up because there was some sort of announcement but luckily it seems there is none and they'll stick to the policy of burning unsold tokens.

soma project is promising project. but i want to know when will soma ICO end? any official date or month?

martinholly167

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Activity: 658

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Quote from: kraterion on October 29, 2017, 11:35:57 AM

Quote from: cantdecide on October 29, 2017, 11:11:54 AM

Quote from: kraterion on October 29, 2017, 09:52:48 AM

Quote from: Piggy on October 29, 2017, 08:07:32 AM

I went again through the whitepaper, what i think will differentiate this project from the online marketplace we are used to is the rewarding system they are going to implement. This will basically create a market into the market where users get rewarded by promoting and adding value to products being on sale.

People can get rewarded with USR tokens and make some profit out of it.

At the moment the closest thing to this in market like ebay and amazon is the review of the product, some are very good but none of these get any reward. Think about it

Yes they get rewarded that's why I'm scared if some groups focusing on rewards pop up, if they will be able to gain a huge amount of SCT they can drive the price up and down as they please

What exactly do you mean with driving the price up and down like they want? You mean the token price?

Yes, I'm talking about well coordinated groups of 100+ people, they shill products and they receive SCT in exchange for doing that. But it's just a fantasy in mind and maybe it will not happen Cheesy

I think you can do it individually, and if you do it massively you will still get a same amount if you share it.

matjas

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Quote from: Rigorous on October 29, 2017, 07:00:05 PM

Now we know from the co-founder that the leftover tokens will be burned, did he also mention something about their business model? Wink

There are indeed some unanswered questions but i guess they are so focused on ICO that they will deal with other stuff later and make some announcements that will boost the sales.
I knew they would be smart enough to burn the tokens so that is settled.

Sozialtourist

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Quote from: FIEX on October 29, 2017, 05:41:07 PM

Quote from: Sozialtourist on October 29, 2017, 03:59:19 PM

Quote from: magisterr on October 29, 2017, 03:36:08 PM

Devs made official announce about burning tokens? May be they will burn them. Just wait announce Roll Eyes

As far as I know, there are no new announcements regarding the burning of unsold tokens. And here we have it again. Communication! The Soma team should try to interact more with the community.

Thats true!
There should be more communication coming from the devs in this thread.

I searched on Telegram and found this:
Mohd:
Just incase the hard cap wasn't reached what will happen to the left tokens?

[16:51:36] Joseph:
@mohdsuwaidi they will be burned

This is coming from:
Joseph al Sharif (Co-Founder)

So let all stop the discussion now

I already knew this answer, it's from the 24th of October, so before they decided to extend the ICO. And I was sure that they'll burn unsold tokens till the discussion here in the forum came up today. I thought this discussion came up because there was some sort of announcement but luckily it seems there is none and they'll stick to the policy of burning unsold tokens.

Rigorous

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Now we know from the co-founder that the leftover tokens will be burned, did he also mention something about their business model? Wink

Topic: [ANN][ICO] SOMA - The Social Marketplace - page 130. (Read 92794 times)