[ANN][ICO] SOMA - The Social Marketplace - page 134.

the_donald

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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.

This also means that the value of the tokens will be lower due to high supply.

matjas

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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.

fajarkus12

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Quote from: levyashin on October 29, 2017, 03:15:09 AM

Quote from: magisterr on October 28, 2017, 11:32:26 PM

They said before, that they have money from venture inverstors. So they dont have soft cap.

I like this kind of projects, you make an investment and regardless of what it will continue. I hate sending some eth waiting for some months and get it back because apparently, ico couldn't hit the soft cap.

I agree with you, some investors like this kinds because without soft cap it mean the project still continue for development. Also some project no requirement soft cap because they are know how to development their project although with minimum funds

levyashin

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$CYBERCASH METAVERSE

Quote from: magisterr on October 28, 2017, 11:32:26 PM

They said before, that they have money from venture inverstors. So they dont have soft cap.

I like this kind of projects, you make an investment and regardless of what it will continue. I hate sending some eth waiting for some months and get it back because apparently, ico couldn't hit the soft cap.

cmg12

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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.

Many projects have some kind of liquidity pools which helps to deliver stable price of tokens and additional funding when needed

martinholly167

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Quote from: fajarkus12 on October 28, 2017, 11:10:40 PM

Quote from: Voltaje on October 28, 2017, 10:21:09 PM

Quote from: toolucky98 on October 28, 2017, 09:34:50 PM

Quote from: imtiazmahmood on October 28, 2017, 09:18:23 PM

Quote from: toolucky98 on October 28, 2017, 08:41:22 PM

Quote from: ?? on ??

Quote from: Trrrt on October 28, 2017, 07:05:45 PM

Yes i think that soma did the good choice by extending the ico. And i think that more money will be raised, we can even reach the hard cap in the last days, soma is a really good project with a nice partnership with Utrust. Its worth the invest I think.

I have seen some projects extend their ICO date and the result was a successful ICO.

The hard cap is 120k ETH, i very rarely see any ICO who raised that much.

i think soma soft cap already completed? is that right. token sale is going amazing. let see how much soma project will raise. project is promising and reputed.

No, they dont have any softcap, the project will keep going no matter what.
They will expand it to a new region for every 1500 ETH invested.

They don't have a hard cap either, the more is invested the more regions the project will be able to go, the more invested, the more regions Soma is in, the more valuable the token gets, the more volume is being traded, etc.

But i have seen on soma website that hard cap for this project is 120,000 ETH and amount of supply token for sale is 54 millions SCT. So i think this project has hard cap but has no soft cap

Yes, there is a hardcap for this ICO (120k ETH).
If they can reach it, the ICO will be ended immediately.

Yasemin

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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.

cantdecide

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Quote from: ?? on ??

Quote from: fajarkus12 on October 28, 2017, 11:10:40 PM

Quote from: Voltaje on October 28, 2017, 10:21:09 PM

Quote from: toolucky98 on October 28, 2017, 09:34:50 PM

Quote from: imtiazmahmood on October 28, 2017, 09:18:23 PM

Quote from: toolucky98 on October 28, 2017, 08:41:22 PM

Quote from: ?? on ??

Quote from: Trrrt on October 28, 2017, 07:05:45 PM

Yes i think that soma did the good choice by extending the ico. And i think that more money will be raised, we can even reach the hard cap in the last days, soma is a really good project with a nice partnership with Utrust. Its worth the invest I think.

I have seen some projects extend their ICO date and the result was a successful ICO.

The hard cap is 120k ETH, i very rarely see any ICO who raised that much.

i think soma soft cap already completed? is that right. token sale is going amazing. let see how much soma project will raise. project is promising and reputed.

No, they dont have any softcap, the project will keep going no matter what.
They will expand it to a new region for every 1500 ETH invested.

They don't have a hard cap either, the more is invested the more regions the project will be able to go, the more invested, the more regions Soma is in, the more valuable the token gets, the more volume is being traded, etc.

But i have seen on soma website that hard cap for this project is 120,000 ETH and amount of supply token for sale is 54 millions SCT. So i think this project has hard cap but has no soft cap

It would be amazing if the project can reach the hardcap but nonetheless, what is very important is its viability and potential for success.

I don't see the point why SOMA should reach the hard cap of 120,000 ETH ... Actually I think it does not need such a big amount of money. Somewhere on the road would be enough.

magisterr

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They said before, that they have money from venture inverstors. So they dont have soft cap.

fajarkus12

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Quote from: Voltaje on October 28, 2017, 10:21:09 PM

Quote from: toolucky98 on October 28, 2017, 09:34:50 PM

Quote from: imtiazmahmood on October 28, 2017, 09:18:23 PM

Quote from: toolucky98 on October 28, 2017, 08:41:22 PM

Quote from: ?? on ??

Quote from: Trrrt on October 28, 2017, 07:05:45 PM

Yes i think that soma did the good choice by extending the ico. And i think that more money will be raised, we can even reach the hard cap in the last days, soma is a really good project with a nice partnership with Utrust. Its worth the invest I think.

I have seen some projects extend their ICO date and the result was a successful ICO.

The hard cap is 120k ETH, i very rarely see any ICO who raised that much.

i think soma soft cap already completed? is that right. token sale is going amazing. let see how much soma project will raise. project is promising and reputed.

No, they dont have any softcap, the project will keep going no matter what.
They will expand it to a new region for every 1500 ETH invested.

They don't have a hard cap either, the more is invested the more regions the project will be able to go, the more invested, the more regions Soma is in, the more valuable the token gets, the more volume is being traded, etc.

But i have seen on soma website that hard cap for this project is 120,000 ETH and amount of supply token for sale is 54 millions SCT. So i think this project has hard cap but has no soft cap

Voltaje

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Quote from: toolucky98 on October 28, 2017, 09:34:50 PM

Quote from: imtiazmahmood on October 28, 2017, 09:18:23 PM

Quote from: toolucky98 on October 28, 2017, 08:41:22 PM

Quote from: ?? on ??

Quote from: Trrrt on October 28, 2017, 07:05:45 PM

Yes i think that soma did the good choice by extending the ico. And i think that more money will be raised, we can even reach the hard cap in the last days, soma is a really good project with a nice partnership with Utrust. Its worth the invest I think.

I have seen some projects extend their ICO date and the result was a successful ICO.

The hard cap is 120k ETH, i very rarely see any ICO who raised that much.

i think soma soft cap already completed? is that right. token sale is going amazing. let see how much soma project will raise. project is promising and reputed.

No, they dont have any softcap, the project will keep going no matter what.
They will expand it to a new region for every 1500 ETH invested.

They don't have a hard cap either, the more is invested the more regions the project will be able to go, the more invested, the more regions Soma is in, the more valuable the token gets, the more volume is being traded, etc.

toolucky98

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Quote from: imtiazmahmood on October 28, 2017, 09:18:23 PM

Quote from: toolucky98 on October 28, 2017, 08:41:22 PM

Quote from: ?? on ??

Quote from: Trrrt on October 28, 2017, 07:05:45 PM

Yes i think that soma did the good choice by extending the ico. And i think that more money will be raised, we can even reach the hard cap in the last days, soma is a really good project with a nice partnership with Utrust. Its worth the invest I think.

I have seen some projects extend their ICO date and the result was a successful ICO.

The hard cap is 120k ETH, i very rarely see any ICO who raised that much.

i think soma soft cap already completed? is that right. token sale is going amazing. let see how much soma project will raise. project is promising and reputed.

No, they dont have any softcap, the project will keep going no matter what.
They will expand it to a new region for every 1500 ETH invested.

Yasemin

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Become Part of the Mining Family

Quote from: imtiazmahmood on October 28, 2017, 09:18:23 PM

Quote from: toolucky98 on October 28, 2017, 08:41:22 PM

Quote from: ?? on ??

Quote from: Trrrt on October 28, 2017, 07:05:45 PM

Yes i think that soma did the good choice by extending the ico. And i think that more money will be raised, we can even reach the hard cap in the last days, soma is a really good project with a nice partnership with Utrust. Its worth the invest I think.

I have seen some projects extend their ICO date and the result was a successful ICO.

The hard cap is 120k ETH, i very rarely see any ICO who raised that much.

i think soma soft cap already completed? is that right. token sale is going amazing. let see how much soma project will raise. project is promising and reputed.

What do you mean token sale is going amazing? I just checked their website and it looks like they are still at 1/3 of their progress line

imtiazmahmood

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Quote from: toolucky98 on October 28, 2017, 08:41:22 PM

Quote from: ?? on ??

Quote from: Trrrt on October 28, 2017, 07:05:45 PM

Yes i think that soma did the good choice by extending the ico. And i think that more money will be raised, we can even reach the hard cap in the last days, soma is a really good project with a nice partnership with Utrust. Its worth the invest I think.

I have seen some projects extend their ICO date and the result was a successful ICO.

The hard cap is 120k ETH, i very rarely see any ICO who raised that much.

i think soma soft cap already completed? is that right. token sale is going amazing. let see how much soma project will raise. project is promising and reputed.

toolucky98

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Quote from: ?? on ??

Quote from: Trrrt on October 28, 2017, 07:05:45 PM

Yes i think that soma did the good choice by extending the ico. And i think that more money will be raised, we can even reach the hard cap in the last days, soma is a really good project with a nice partnership with Utrust. Its worth the invest I think.

I have seen some projects extend their ICO date and the result was a successful ICO.

The hard cap is 120k ETH, i very rarely see any ICO who raised that much.

fajarkus12

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Activity: 350

Merit: 100

Quote from: ?? on ??

Quote from: Trrrt on October 28, 2017, 07:05:45 PM

Yes i think that soma did the good choice by extending the ico. And i think that more money will be raised, we can even reach the hard cap in the last days, soma is a really good project with a nice partnership with Utrust. Its worth the invest I think.

I have seen some projects extend their ICO date and the result was a successful ICO.

I think so and hope soma can successfully because the team said that they extended this ico because soma had major updates in the last week that significantly strengthen the value of their offering to potential buyers

Trrrt

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Yes i think that soma did the good choice by extending the ico. And i think that more money will be raised, we can even reach the hard cap in the last days, soma is a really good project with a nice partnership with Utrust. Its worth the invest I think.

fajarkus12

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Activity: 350

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Quote from: Rigorous on October 28, 2017, 05:58:20 PM

Quote from: loup on October 28, 2017, 12:09:41 PM

Quote from: cantdecide on October 28, 2017, 11:59:06 AM

Quote from: Rigorous on October 28, 2017, 11:15:25 AM

Quote from: Affchain on October 27, 2017, 05:38:37 PM

Who cares if they extended the time for this ICO, really? Maybe they are actually utilizing their resources towards development rather than marketing and needed a little more time to gather funds. The transparency that everyone has become so fond of is, in my opinion, is rarely provable and in most cases, it's just the dev teams telling people what they want to hear. So SOMA didn't make a big announcement, who cares?

You are right, I have also seen projects where the developers kept talking everyday, nowhere to be found after the end of the ICO.

On the other hand there have been several occasions where there has been a lack of communication from the team, especially after the end of their token sale. That silence causes a lot of uncertainty and a bad morale. As a result the price of the tokens have sunk dramatically. And we still do not know the status of their business.

You can see the effect of too little communication even in this thread. I have been quite cynical because there have been no answers to the questions raised in here. Then mere hours before the end of the sale the team pops in to say the sale is extended. I was excited about Soma because of the national interest they received, but if that behavior reflects the company as a whole they will have to impress me a lot from now on to dispel my doubts.

I think nearly no one would say something about the extension if it would be announced in time and not just a few hourse before the sale would have normaly ended. But as Rigorous already stated, this feels like a lack of communication to the community.

I think it was a good decision, but I wished they would have talked about it before. I also maybe would have recommend that they would have postponed a second phase of ICO and not just extended the current phase.

Looks like the right decision to me. It's better to take enough time instead of rushing.

It is not about taking time or rushing. Or actually, maybe this is exactly caused by a last minute rush. All signs point that the extension was not something they planned. Wat I am really disappointed about is that all these weeks we hear nothing, and now at the last moment they are feeling the heat they talk to us.

I suggest to be patient, just give the team some time to finished this ico. I also want to know what will team do if the extension of this ico below expectation when this ico ends, but i hope it will not happen

sockpuppet1911

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Quote from: cmg12 on October 28, 2017, 05:30:49 PM

Quote from: Elkmar on October 28, 2017, 05:19:26 PM

Quote from: kraterion on October 28, 2017, 03:21:40 PM

Quote from: viljy on October 28, 2017, 01:14:28 PM

I wonder if SOMA will again extend the ICO, if for example they do not collect the desired amount before November 15? So far, as I see it sold slightly more than 15% of the planned number of tokens.

In the past I saw Corion ICO being extended and it gained more investors because they spent time traveling to promote their ICO. I'm wondering if SOMA devs plan to attend some blockchain related events in these 15 days to push the ICO

Would be great, private investors worth millions are more and more present at events.

The best thing about private investors is that the aren't dumping tokens without any reason Wink

Except the reason could be that they got them tokens cheaper, and they want to sell them on the main sale price... Hopefully they will be smarter then that though

Rigorous

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Quote from: loup on October 28, 2017, 12:09:41 PM

Quote from: cantdecide on October 28, 2017, 11:59:06 AM

Quote from: Rigorous on October 28, 2017, 11:15:25 AM

Quote from: Affchain on October 27, 2017, 05:38:37 PM

Who cares if they extended the time for this ICO, really? Maybe they are actually utilizing their resources towards development rather than marketing and needed a little more time to gather funds. The transparency that everyone has become so fond of is, in my opinion, is rarely provable and in most cases, it's just the dev teams telling people what they want to hear. So SOMA didn't make a big announcement, who cares?

You are right, I have also seen projects where the developers kept talking everyday, nowhere to be found after the end of the ICO.

On the other hand there have been several occasions where there has been a lack of communication from the team, especially after the end of their token sale. That silence causes a lot of uncertainty and a bad morale. As a result the price of the tokens have sunk dramatically. And we still do not know the status of their business.

You can see the effect of too little communication even in this thread. I have been quite cynical because there have been no answers to the questions raised in here. Then mere hours before the end of the sale the team pops in to say the sale is extended. I was excited about Soma because of the national interest they received, but if that behavior reflects the company as a whole they will have to impress me a lot from now on to dispel my doubts.

I think nearly no one would say something about the extension if it would be announced in time and not just a few hourse before the sale would have normaly ended. But as Rigorous already stated, this feels like a lack of communication to the community.

I think it was a good decision, but I wished they would have talked about it before. I also maybe would have recommend that they would have postponed a second phase of ICO and not just extended the current phase.

Looks like the right decision to me. It's better to take enough time instead of rushing.

It is not about taking time or rushing. Or actually, maybe this is exactly caused by a last minute rush. All signs point that the extension was not something they planned. Wat I am really disappointed about is that all these weeks we hear nothing, and now at the last moment they are feeling the heat they talk to us.

Topic: [ANN][ICO] SOMA - The Social Marketplace - page 134. (Read 92794 times)