[ANN][ICO] SOMA - The Social Marketplace - page 224.

Sy

legendary

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Quote from: mike0182 on October 03, 2017, 03:51:52 AM

As I understand at the moment is collected 6405931/450=14235 ETH, this good amount or I'm wrong?

Yep your calculation is correct.

Does anyone knows what's the contract address for the SOMA i tried searching on ethplorer but they were showing many addresses with SOMA.

FIEX

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Activity: 630

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Quote from: mike0182 on October 03, 2017, 03:51:52 AM

As I understand at the moment is collected 6405931/450=14235 ETH, this good amount or I'm wrong?

Indeed, already 14k ETH has been collected.
Thats a huge amount of ETH and means a lot of investors already have trust in this project.

This is a great project!
Cant wait for the crowdsale!

Jay2408

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🚀🚀 ATHERO.IO 🚀🚀

Quote from: mike0182 on October 03, 2017, 03:51:52 AM

As I understand at the moment is collected 6405931/450=14235 ETH, this good amount or I'm wrong?

I think this is quite impressible, considering that there are so many ICOs at the moment and some of them are really struggeling to raise a decent amount of money.

mike0182

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As I understand at the moment is collected 6405931/450=14235 ETH, this good amount or I'm wrong?

Kisleav

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Quote from: Yasemin on October 03, 2017, 03:29:47 AM

Quote from: imtiazmahmood on October 03, 2017, 02:33:37 AM

Quote from: sockpuppet1911 on October 03, 2017, 02:13:59 AM

Are you going to patent the ICC card in all regions? I've heard that's pretty costly, but profitable if other people start to pay for using your patent.

What is ICC? is there ICC plan?

I think you mean IIC. Its Interactive Item Card; Info on website says its some kind of representation of the physical item that you want to sell. It looks like something very unique, and makes this project different than others.

surely unique, and i am just waiting for the final product i see how this will look like, and work out maybe, but i am high on hopes that this is going to be one of its kind in the crypto system.

levyashin

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$CYBERCASH METAVERSE

Quote from: pynetx on October 03, 2017, 02:50:48 AM

Quote from: sockpuppet1911 on October 03, 2017, 12:27:15 AM

Quote from: Voltaje on October 03, 2017, 12:18:46 AM

Quote from: pynetx on October 03, 2017, 12:14:38 AM

Quote from: toolucky98 on October 02, 2017, 11:39:19 PM

Quote from: tiger5056 on October 02, 2017, 09:11:30 PM

what is minimum CAP require? also what will happen to all token that left?

I want to know about this too, there is no explanation about this on the whitepaper.

I don't think there's any minimum cap not that they mentioned about it on their token sale page. Even if there is one I think it must have been already met as they already raised 14k+ ETH which itself is a huge amount.

Yes, they already have some investments outside of the ICO, and already a working app that soon will be in a closed beta release, that means that there will be only a hard cap, but even if the hard cap is not reached, the project will continue anyway, so is a win-win for all investors Cheesy

, or it is what I understood.

This only leaves the question, that what will happen to tokens that are not sold. It's a valid question since buy ratio is fixed. One would think that it's going to get burned, but strange that it isn't mentioned in anywhere. (Well anywhere where i can see it anyway)

I hope they burn the unsold tokens. I would not want someone to sit on a large pile of unsold tokens who can control SOMA's future price.

It can go both ways.

They can burn or keep them. Burn would be good for investors, keep would be good for them. I prefer them to burn, but if I were them, I would keep then Cheesy

windreamteam

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Activity: 182

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Very good thing to have the objective to create a platform that could reduce the intermediaries because as you say many people don't win a lot because they only have the possibility to sell low comparated to the final product price in case of the different intermediaries. I hope as you said that your platform will help these people to sell directly to the consumers to have a more decent revenue.

Yasemin

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Quote from: imtiazmahmood on October 03, 2017, 02:33:37 AM

Quote from: sockpuppet1911 on October 03, 2017, 02:13:59 AM

Are you going to patent the ICC card in all regions? I've heard that's pretty costly, but profitable if other people start to pay for using your patent.

What is ICC? is there ICC plan?

I think you mean IIC. Its Interactive Item Card; Info on website says its some kind of representation of the physical item that you want to sell. It looks like something very unique, and makes this project different than others.

Cauchy

full member

Activity: 364

Merit: 100

Quote from: turkiman on October 03, 2017, 03:04:48 AM

hello dev, i still confused about this project, especially about the token iformation. There is no info about token distribution, token allocation

I found the team quite Active on slack. Might try to ask them there if you dont get response here within reasonable timeframe.

ubercool

hero member

Activity: 1078

Merit: 504

Quote from: turkiman on October 03, 2017, 03:04:48 AM

hello dev, i still confused about this project, especially about the token iformation. There is no info about token distribution, token allocation

https://soma.co/wp-content/uploads/2017/09/Whitepaper-2-compressed.pdf

Page 10.

You will find those details.

turkiman

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Activity: 210

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hello dev, i still confused about this project, especially about the token iformation. There is no info about token distribution, token allocation

pynetx

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Activity: 798

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Quote from: sockpuppet1911 on October 03, 2017, 12:27:15 AM

Quote from: Voltaje on October 03, 2017, 12:18:46 AM

Quote from: pynetx on October 03, 2017, 12:14:38 AM

Quote from: toolucky98 on October 02, 2017, 11:39:19 PM

Quote from: tiger5056 on October 02, 2017, 09:11:30 PM

what is minimum CAP require? also what will happen to all token that left?

I want to know about this too, there is no explanation about this on the whitepaper.

I don't think there's any minimum cap not that they mentioned about it on their token sale page. Even if there is one I think it must have been already met as they already raised 14k+ ETH which itself is a huge amount.

Yes, they already have some investments outside of the ICO, and already a working app that soon will be in a closed beta release, that means that there will be only a hard cap, but even if the hard cap is not reached, the project will continue anyway, so is a win-win for all investors Cheesy

, or it is what I understood.

This only leaves the question, that what will happen to tokens that are not sold. It's a valid question since buy ratio is fixed. One would think that it's going to get burned, but strange that it isn't mentioned in anywhere. (Well anywhere where i can see it anyway)

I hope they burn the unsold tokens. I would not want someone to sit on a large pile of unsold tokens who can control SOMA's future price.

Mystic90

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Activity: 154

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From whitepaper: "Soma Secure Payment is an integrated escrow service
which facilitates the payment process by holding the
payment in a secured escrow account until the buyer
has confirmed that a certain priorly agreed event
has occurred (i.e receipt of item). As a decentralized
platform, Soma will be able to minimize the transaction
costs and provide a feasible way to engage even in
high-value transactions in a safe manner"

Will this also be able to be used to trading different crypto currencies between 2 parties?

imtiazmahmood

sr. member

Activity: 476

Merit: 250

Quote from: sockpuppet1911 on October 03, 2017, 02:13:59 AM

Are you going to patent the ICC card in all regions? I've heard that's pretty costly, but profitable if other people start to pay for using your patent.

What is ICC? is there ICC plan?

wonderfullife

full member

Activity: 168

Merit: 100

If Soma was operational with many users it will easily be the best platform to sell items. With Soma we will be rewarded in Soma coin to do what we usually do on this kind of platform (sell and buy) but we will also be rewarded to share with the community. With all the ideas Soma team have i just wondered what will be the design of this website and how they gonna be able to put all these functionnalities.

sockpuppet1911

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Activity: 994

Merit: 278

Are you going to patent the ICC card in all regions? I've heard that's pretty costly, but profitable if other people start to pay for using your patent.

Sozialtourist

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Quote from: the_donald on October 03, 2017, 01:31:54 AM

Quote from: Voltaje on October 03, 2017, 12:18:46 AM

Quote from: pynetx on October 03, 2017, 12:14:38 AM

Quote from: toolucky98 on October 02, 2017, 11:39:19 PM

Quote from: tiger5056 on October 02, 2017, 09:11:30 PM

what is minimum CAP require? also what will happen to all token that left?

I want to know about this too, there is no explanation about this on the whitepaper.

I don't think there's any minimum cap not that they mentioned about it on their token sale page. Even if there is one I think it must have been already met as they already raised 14k+ ETH which itself is a huge amount.

Yes, they already have some investments outside of the ICO, and already a working app that soon will be in a closed beta release, that means that there will be only a hard cap, but even if the hard cap is not reached, the project will continue anyway, so is a win-win for all investors Cheesy

, or it is what I understood.

I'm hoping they will release the beta to the public before the ICO if they want an extra argument for investing. Nothing says I'm a serious project like a working product.

Well the Soma ICO is already live since the 26th September but I get what you mean. The release of an working beta could boost the number of investors.

the_donald

full member

Activity: 588

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Quote from: Voltaje on October 03, 2017, 12:18:46 AM

Quote from: pynetx on October 03, 2017, 12:14:38 AM

Quote from: toolucky98 on October 02, 2017, 11:39:19 PM

Quote from: tiger5056 on October 02, 2017, 09:11:30 PM

what is minimum CAP require? also what will happen to all token that left?

I want to know about this too, there is no explanation about this on the whitepaper.

I don't think there's any minimum cap not that they mentioned about it on their token sale page. Even if there is one I think it must have been already met as they already raised 14k+ ETH which itself is a huge amount.

Yes, they already have some investments outside of the ICO, and already a working app that soon will be in a closed beta release, that means that there will be only a hard cap, but even if the hard cap is not reached, the project will continue anyway, so is a win-win for all investors Cheesy

, or it is what I understood.

I'm hoping they will release the beta to the public before the ICO if they want an extra argument for investing. Nothing says I'm a serious project like a working product.

hangar18

hero member

Activity: 676

Merit: 500

Quote from: sockpuppet1911 on October 03, 2017, 12:27:15 AM

Quote from: Voltaje on October 03, 2017, 12:18:46 AM

Quote from: pynetx on October 03, 2017, 12:14:38 AM

Quote from: toolucky98 on October 02, 2017, 11:39:19 PM

Quote from: tiger5056 on October 02, 2017, 09:11:30 PM

what is minimum CAP require? also what will happen to all token that left?

I want to know about this too, there is no explanation about this on the whitepaper.

I don't think there's any minimum cap not that they mentioned about it on their token sale page. Even if there is one I think it must have been already met as they already raised 14k+ ETH which itself is a huge amount.

Yes, they already have some investments outside of the ICO, and already a working app that soon will be in a closed beta release, that means that there will be only a hard cap, but even if the hard cap is not reached, the project will continue anyway, so is a win-win for all investors Cheesy

, or it is what I understood.

This only leaves the question, that what will happen to tokens that are not sold. It's a valid question since buy ratio is fixed. One would think that it's going to get burned, but strange that it isn't mentioned in anywhere. (Well anywhere where i can see it anyway)

If they do not want to burn the token can not sell in crowdsale, they need to have some ways to solve this issue. They can not keep those tokens and own it. Example: Exscudo and COSS token, these projects had a decision is increase rate price and distribution the remaining amount of coin to all holders.

sockpuppet1911

sr. member

Activity: 994

Merit: 278

Quote from: Voltaje on October 03, 2017, 12:18:46 AM

Quote from: pynetx on October 03, 2017, 12:14:38 AM

Quote from: toolucky98 on October 02, 2017, 11:39:19 PM

Quote from: tiger5056 on October 02, 2017, 09:11:30 PM

what is minimum CAP require? also what will happen to all token that left?

I want to know about this too, there is no explanation about this on the whitepaper.

I don't think there's any minimum cap not that they mentioned about it on their token sale page. Even if there is one I think it must have been already met as they already raised 14k+ ETH which itself is a huge amount.

Yes, they already have some investments outside of the ICO, and already a working app that soon will be in a closed beta release, that means that there will be only a hard cap, but even if the hard cap is not reached, the project will continue anyway, so is a win-win for all investors Cheesy

, or it is what I understood.

This only leaves the question, that what will happen to tokens that are not sold. It's a valid question since buy ratio is fixed. One would think that it's going to get burned, but strange that it isn't mentioned in anywhere. (Well anywhere where i can see it anyway)

Topic: [ANN][ICO] SOMA - The Social Marketplace - page 224. (Read 92796 times)