[ANN][ICO] SOMA - The Social Marketplace - page 213.

Elkmar

full member

Activity: 294

Merit: 100

Quote from: magisterr on October 05, 2017, 02:53:28 PM

1 ETH its too much? Some ICo have much more minimum requiments for pre-sale for example. Its only chance to win.
5000 SCT its for 1 person only? Huh

I think that's low too.

But we must take into account that some small wallets want their share too Grin

FIEX

sr. member

Activity: 630

Merit: 276

Quote from: bitcoin-shark on October 05, 2017, 03:08:23 PM

Quote from: Partizant on October 04, 2017, 08:16:04 AM

SOMA & UTRUST. My two favourite ICOs in partnership

there are also my favorites i think that with their partnership,the success of both will be inevitable...

UTRUST will be used as partnership for many new ICO's I think when it needed a payment gateway.
SOMA needs a good payment gateway with crypto's for there items they will sell. The both will benefit from this partnership!

Cant wait to see this project go live!
Great work you guys are doing here.

Korsakopf

full member

Activity: 210

Merit: 105

Quote from: bitcoin-shark on October 05, 2017, 03:08:23 PM

Quote from: Partizant on October 04, 2017, 08:16:04 AM

SOMA & UTRUST. My two favourite ICOs in partnership

there are also my favorites i think that with their partnership,the success of both will be inevitable...

They are very complimentary. I was a bit worried about UTRUST having to find partners to actually use/offer their payment system, but with this partnership with SOMA they have a partner where they can prove their technology.

ParRus

full member

Activity: 490

Merit: 104

found short SOMA review, a little bit with an accent, but everything is clear
https://www.youtube.com/watch?v=a6OAcqIcv-M

Rigorous

full member

Activity: 574

Merit: 115

I did not quite catch how Soma will earn money beyond the ICO and if/how the profits flow back to the investors. Has anyone figured it out?

haxllega

full member

Activity: 392

Merit: 100

Quote from: matjas on October 05, 2017, 02:36:56 PM

Quote from: Voltaje on October 05, 2017, 10:41:22 AM

Quote from: Pajulapoiss on October 05, 2017, 09:54:13 AM

Cool project,
But I couldn't really understand how does the IIC actually work?

What would be a simple real life example?

El IIC is a virtual document in the blockchain that will store all the information of an item, including how many times it was bought, it's like a history of the item, so when you buy it inside the platform, you know what the particular item has been through, the downside is that the history starts when the item enters the ecosystem, before that, you will only know the information that the seller fills in, so if it was actually bought 3 times, the first time it may actually say 1, that will depend of the veracity of the seller, of course, if it's found out that the information is false, the seller and item lose credibility, thus reducing the chances of it being bought; its a fantastic feature, and once the platform becomes mainstream, it will become essential.

So first of all, Soma will have to function for quite some time for IIC to actually become meaningful since the items has to be traded only on their platform.
Other thing is how the II card will be bound to the item? Every re-seller can just make a new card and promote it with a different history.

I think you will have to write the product number on the card.

contactmike1

sr. member

Activity: 672

Merit: 251

Loving a lot of the references even in the name of the ICO. Good luck!

bitcoin-shark

hero member

Activity: 2968

Merit: 605

Quote from: Partizant on October 04, 2017, 08:16:04 AM

SOMA & UTRUST. My two favourite ICOs in partnership

there are also my favorites i think that with their partnership,the success of both will be inevitable...

Heimer

sr. member

Activity: 518

Merit: 250

Quote from: ParRus on October 05, 2017, 02:50:08 PM

Quote from: the_donald on October 05, 2017, 02:38:40 PM

Quote from: toolucky98 on October 05, 2017, 01:09:33 PM

Quote from: lvsca on October 05, 2017, 12:06:44 PM

Quote from: ParRus on October 05, 2017, 11:57:10 AM

Quote from: tiger5056 on October 05, 2017, 11:48:25 AM

wow. now every eth you invest you get in to lottery ticket to win 5000 SCT https://twitter.com/SomaToken/status/915964812114452480

The winner will have a nice bonus + this will be an additional incentive to invest, great idea
tiger5056, thank for this link

so, minimum to contribute is 1 ETH to get lottery ticket?

Yes , "for every 1 ETH", so it means the minimum is 1 ETH.
Thats quite a lot for me Grin

maybe it's a lot , but it's good to incentivize large investments. in my opinion it's not that large of an amount. I've invested that before.

large investors invest more 1k ETH, I think this bonus is more for ordinary investors, who believe in the project and invest part of their funds

1k ETH is at current prices someting about 300,000$. Most of "large investors" in crypto worlds don't invest that much in one project (due to high market volatility). Most of them put no more than 100 ETH in on project. Anyway I like this lottery idea Cool

Jay2408

full member

Activity: 518

Merit: 101

🚀🚀 ATHERO.IO 🚀🚀

Quote from: ParRus on October 05, 2017, 02:50:08 PM

Quote from: the_donald on October 05, 2017, 02:38:40 PM

Quote from: toolucky98 on October 05, 2017, 01:09:33 PM

Quote from: lvsca on October 05, 2017, 12:06:44 PM

Quote from: ParRus on October 05, 2017, 11:57:10 AM

Quote from: tiger5056 on October 05, 2017, 11:48:25 AM

wow. now every eth you invest you get in to lottery ticket to win 5000 SCT https://twitter.com/SomaToken/status/915964812114452480

The winner will have a nice bonus + this will be an additional incentive to invest, great idea
tiger5056, thank for this link

so, minimum to contribute is 1 ETH to get lottery ticket?

Yes , "for every 1 ETH", so it means the minimum is 1 ETH.
Thats quite a lot for me Grin

maybe it's a lot , but it's good to incentivize large investments. in my opinion it's not that large of an amount. I've invested that before.

large investors invest more 1k ETH, I think this bonus is more for ordinary investors, who believe in the project and invest part of their funds

Actually, it's not a bonus but a lottery ticket with which you can win this bonus. I understand that for every ETH one ticket is issued, so in the end big investors get more lottery tickets, thus have bigger chances to win the bonus. But anyway, it's a good marketing move

Cauchy

full member

Activity: 364

Merit: 100

Quote from: FIEX on October 05, 2017, 02:36:09 PM

Quote from: Voltaje on October 05, 2017, 10:41:22 AM

Quote from: Pajulapoiss on October 05, 2017, 09:54:13 AM

Cool project,
But I couldn't really understand how does the IIC actually work?

What would be a simple real life example?

El IIC is a virtual document in the blockchain that will store all the information of an item, including how many times it was bought, it's like a history of the item, so when you buy it inside the platform, you know what the particular item has been through, the downside is that the history starts when the item enters the ecosystem, before that, you will only know the information that the seller fills in, so if it was actually bought 3 times, the first time it may actually say 1, that will depend of the veracity of the seller, of course, if it's found out that the information is false, the seller and item lose credibility, thus reducing the chances of it being bought; its a fantastic feature, and once the platform becomes mainstream, it will become essential.

I really like the part of the IIC!
I'm sure they will get the patent for this feature and when it does it will help a lot for the future buyers of valuable items. The see the history, price evolution, ...

I really see a future in the art world with this pratform. There is a lot of money in the art scene Wink

Great work team

Is the IIC patent pending?

magisterr

sr. member

Activity: 1372

Merit: 259

1 ETH its too much? Some ICo have much more minimum requiments for pre-sale for example. Its only chance to win.
5000 SCT its for 1 person only? Huh

ParRus

full member

Activity: 490

Merit: 104

Quote from: the_donald on October 05, 2017, 02:38:40 PM

Quote from: toolucky98 on October 05, 2017, 01:09:33 PM

Quote from: lvsca on October 05, 2017, 12:06:44 PM

Quote from: ParRus on October 05, 2017, 11:57:10 AM

Quote from: tiger5056 on October 05, 2017, 11:48:25 AM

wow. now every eth you invest you get in to lottery ticket to win 5000 SCT https://twitter.com/SomaToken/status/915964812114452480

The winner will have a nice bonus + this will be an additional incentive to invest, great idea
tiger5056, thank for this link

so, minimum to contribute is 1 ETH to get lottery ticket?

Yes , "for every 1 ETH", so it means the minimum is 1 ETH.
Thats quite a lot for me Grin

maybe it's a lot , but it's good to incentivize large investments. in my opinion it's not that large of an amount. I've invested that before.

large investors invest more 1k ETH, I think this bonus is more for ordinary investors, who believe in the project and invest part of their funds

the_donald

full member

Activity: 588

Merit: 100

Quote from: toolucky98 on October 05, 2017, 01:09:33 PM

Quote from: lvsca on October 05, 2017, 12:06:44 PM

Quote from: ParRus on October 05, 2017, 11:57:10 AM

Quote from: tiger5056 on October 05, 2017, 11:48:25 AM

wow. now every eth you invest you get in to lottery ticket to win 5000 SCT https://twitter.com/SomaToken/status/915964812114452480

The winner will have a nice bonus + this will be an additional incentive to invest, great idea
tiger5056, thank for this link

so, minimum to contribute is 1 ETH to get lottery ticket?

Yes , "for every 1 ETH", so it means the minimum is 1 ETH.
Thats quite a lot for me Grin

maybe it's a lot , but it's good to incentivize large investments. in my opinion it's not that large of an amount. I've invested that before.

matjas

full member

Activity: 798

Merit: 115

Quote from: Voltaje on October 05, 2017, 10:41:22 AM

Quote from: Pajulapoiss on October 05, 2017, 09:54:13 AM

Cool project,
But I couldn't really understand how does the IIC actually work?

What would be a simple real life example?

El IIC is a virtual document in the blockchain that will store all the information of an item, including how many times it was bought, it's like a history of the item, so when you buy it inside the platform, you know what the particular item has been through, the downside is that the history starts when the item enters the ecosystem, before that, you will only know the information that the seller fills in, so if it was actually bought 3 times, the first time it may actually say 1, that will depend of the veracity of the seller, of course, if it's found out that the information is false, the seller and item lose credibility, thus reducing the chances of it being bought; its a fantastic feature, and once the platform becomes mainstream, it will become essential.

So first of all, Soma will have to function for quite some time for IIC to actually become meaningful since the items has to be traded only on their platform.
Other thing is how the II card will be bound to the item? Every re-seller can just make a new card and promote it with a different history.

FIEX

sr. member

Activity: 630

Merit: 276

Quote from: Voltaje on October 05, 2017, 10:41:22 AM

Quote from: Pajulapoiss on October 05, 2017, 09:54:13 AM

Cool project,
But I couldn't really understand how does the IIC actually work?

What would be a simple real life example?

El IIC is a virtual document in the blockchain that will store all the information of an item, including how many times it was bought, it's like a history of the item, so when you buy it inside the platform, you know what the particular item has been through, the downside is that the history starts when the item enters the ecosystem, before that, you will only know the information that the seller fills in, so if it was actually bought 3 times, the first time it may actually say 1, that will depend of the veracity of the seller, of course, if it's found out that the information is false, the seller and item lose credibility, thus reducing the chances of it being bought; its a fantastic feature, and once the platform becomes mainstream, it will become essential.

I really like the part of the IIC!
I'm sure they will get the patent for this feature and when it does it will help a lot for the future buyers of valuable items. The see the history, price evolution, ...

I really see a future in the art world with this pratform. There is a lot of money in the art scene Wink

Great work team

Elkmar

full member

Activity: 294

Merit: 100

Quote from: Voltaje on October 05, 2017, 10:41:22 AM

Quote from: Pajulapoiss on October 05, 2017, 09:54:13 AM

Cool project,
But I couldn't really understand how does the IIC actually work?

What would be a simple real life example?

El IIC is a virtual document in the blockchain that will store all the information of an item, including how many times it was bought, it's like a history of the item, so when you buy it inside the platform, you know what the particular item has been through, the downside is that the history starts when the item enters the ecosystem, before that, you will only know the information that the seller fills in, so if it was actually bought 3 times, the first time it may actually say 1, that will depend of the veracity of the seller, of course, if it's found out that the information is false, the seller and item lose credibility, thus reducing the chances of it being bought; its a fantastic feature, and once the platform becomes mainstream, it will become essential.

Thanks for the explanation. I had some difficulties understanding everything too.

haxllega

full member

Activity: 392

Merit: 100

Quote from: bitcoinbulk on October 05, 2017, 01:15:36 PM

Quote from: Voltaje on October 05, 2017, 10:41:22 AM

Quote from: Pajulapoiss on October 05, 2017, 09:54:13 AM

Cool project,
But I couldn't really understand how does the IIC actually work?

What would be a simple real life example?

El IIC is a virtual document in the blockchain that will store all the information of an item, including how many times it was bought, it's like a history of the item, so when you buy it inside the platform, you know what the particular item has been through, the downside is that the history starts when the item enters the ecosystem, before that, you will only know the information that the seller fills in, so if it was actually bought 3 times, the first time it may actually say 1, that will depend of the veracity of the seller, of course, if it's found out that the information is false, the seller and item lose credibility, thus reducing the chances of it being bought; its a fantastic feature, and once the platform becomes mainstream, it will become essential.

This sounds awesome! It's like a public ledger for the items? This could be huge

This will be a perfect platform for non-disposable things. I think it will help reducing trash that still works.

bitcoinbulk

full member

Activity: 280

Merit: 100

Ternion | Hybrid Crypto Exchange with fiat gateway

Quote from: Voltaje on October 05, 2017, 10:41:22 AM

Quote from: Pajulapoiss on October 05, 2017, 09:54:13 AM

Cool project,
But I couldn't really understand how does the IIC actually work?

What would be a simple real life example?

El IIC is a virtual document in the blockchain that will store all the information of an item, including how many times it was bought, it's like a history of the item, so when you buy it inside the platform, you know what the particular item has been through, the downside is that the history starts when the item enters the ecosystem, before that, you will only know the information that the seller fills in, so if it was actually bought 3 times, the first time it may actually say 1, that will depend of the veracity of the seller, of course, if it's found out that the information is false, the seller and item lose credibility, thus reducing the chances of it being bought; its a fantastic feature, and once the platform becomes mainstream, it will become essential.

This sounds awesome! It's like a public ledger for the items? This could be huge

saintkamei

member

Activity: 210

Merit: 10

Congratulations on the recently announced partnership with Utrust. It is good to see technology transfers and collaboration happening in the crypto world. This will definitely enhanced the trust in SOMA... and Utrust too. My question is how will you work out the Service Level Agreement with Utrust in terms of the volatility of the exchange rates. Will you seek preferential rates/service of go with the normal service they are providing for everything?

Topic: [ANN][ICO] SOMA - The Social Marketplace - page 213. (Read 92796 times)