[ANN][ICO] SOMA - The Social Marketplace - page 70.

SEELE^^01

full member

Activity: 952

Merit: 137

Quote from: matjas on November 13, 2017, 08:11:06 AM

Quote from: cantdecide on November 13, 2017, 08:01:29 AM

Quote from: FIEX on November 13, 2017, 05:44:57 AM

Quote from: viljy on November 13, 2017, 03:52:38 AM

Quote from: FIEX on November 12, 2017, 04:13:08 PM

News about reserve:

We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.

All the same decided to leave a stock of tokens to ensure liquidity? And these tokens will be sold on the site?

No, they will be used it on the free market if there is no liquidity on that market.
When we see that there is enough liquidity on exchanges before the launch of our MVP then we will burn the reserve. If everyone is holding there tokens we need to have some reserve for some functions that require the tokens.

So if SOMA themself sell token in such a case, how will the price be determined in this situation?

Current market price should be used in my opinion. But I do have a lot of questions about this decision and I'd like some further explanation.

they should be sold higer of the current market price. otherwise the price on the exchange would stagnate and everyone would move to buy from the site...

matjas

full member

Activity: 798

Merit: 115

Quote from: cantdecide on November 13, 2017, 08:01:29 AM

Quote from: FIEX on November 13, 2017, 05:44:57 AM

Quote from: viljy on November 13, 2017, 03:52:38 AM

Quote from: FIEX on November 12, 2017, 04:13:08 PM

News about reserve:

We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.

All the same decided to leave a stock of tokens to ensure liquidity? And these tokens will be sold on the site?

No, they will be used it on the free market if there is no liquidity on that market.
When we see that there is enough liquidity on exchanges before the launch of our MVP then we will burn the reserve. If everyone is holding there tokens we need to have some reserve for some functions that require the tokens.

So if SOMA themself sell token in such a case, how will the price be determined in this situation?

Current market price should be used in my opinion. But I do have a lot of questions about this decision and I'd like some further explanation.

brillarinal

newbie

Activity: 70

Merit: 0

Quote from: cantdecide on November 13, 2017, 08:01:29 AM

Quote from: FIEX on November 13, 2017, 05:44:57 AM

Quote from: viljy on November 13, 2017, 03:52:38 AM

Quote from: FIEX on November 12, 2017, 04:13:08 PM

News about reserve:

We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.

All the same decided to leave a stock of tokens to ensure liquidity? And these tokens will be sold on the site?

No, they will be used it on the free market if there is no liquidity on that market.
When we see that there is enough liquidity on exchanges before the launch of our MVP then we will burn the reserve. If everyone is holding there tokens we need to have some reserve for some functions that require the tokens.

So if SOMA themself sell token in such a case, how will the price be determined in this situation?

So what's the price now?

cantdecide

full member

Activity: 336

Merit: 112

Quote from: FIEX on November 13, 2017, 05:44:57 AM

Quote from: viljy on November 13, 2017, 03:52:38 AM

Quote from: FIEX on November 12, 2017, 04:13:08 PM

News about reserve:

We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.

All the same decided to leave a stock of tokens to ensure liquidity? And these tokens will be sold on the site?

No, they will be used it on the free market if there is no liquidity on that market.
When we see that there is enough liquidity on exchanges before the launch of our MVP then we will burn the reserve. If everyone is holding there tokens we need to have some reserve for some functions that require the tokens.

So if SOMA themself sell token in such a case, how will the price be determined in this situation?

Yasemin

full member

Activity: 224

Merit: 100

Become Part of the Mining Family

The development of SOMA project began a year ago in Q3 2016. That is longer than many other projects doing an ICOs. I am looking forward to the next steps after the token sales

matjas

full member

Activity: 798

Merit: 115

Quote from: nexsto on November 13, 2017, 07:18:08 AM

Quote from: Sozialtourist on November 13, 2017, 06:50:27 AM

Quote from: Elkmar on November 13, 2017, 06:43:06 AM

Quote from: SEELE^^01 on November 12, 2017, 05:42:06 PM

Quote from: sockpuppet1911 on November 12, 2017, 05:03:21 PM

Quote from: FIEX on November 12, 2017, 04:13:08 PM

News about reserve:

We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.

So, does this mean that you are going to sell those tokens if the market has enough liquidity? And if you can't sell you'll burn them? Please tell me that i have completely misunderstood this sentence.

thats what i thought too. at first glance it really sounds like that way, but why?!?!

hope they will burn them and not use them for mvp or whatever...

There should be no problem with the liquidity ...

Yes, you keep saying that but the fact is that the huge majority of tokens are in the hands of the angel investors (around 90% if I remember correctly). So what happens if these investors don't wanna sell their tokens?!

So does this mean you will sell the token if the market has enough liquidity?

Slippery slope here, if you ask me. How one would determine liquidity problems? Why is it a red flag if angel investors don't wanna sell? Because then there's not much trading going on on the markets? If your project is doing good, you should be happy that investors are satisfied and don't wanna sell, isn't it?

batako

sr. member

Activity: 1022

Merit: 252

Quote from: niklasmato on November 13, 2017, 02:57:09 AM

Quote from: Piggy on November 13, 2017, 12:16:22 AM

Yes, ill just hold the token, the price will definitely go up above ico price once the platform will start to be ready.

That's true.. most ICO's drop a bit just after the initial ico due to some presale investors and other influences.. but as soon as there is a real life product or good news the price skyrockets.

That should be the case. Without the real life product, token won't be able to survive in a longer time. That is why we need to follow the development of a project from time to time if we wanted to catch the benefit from it.

martinholly167

sr. member

Activity: 658

Merit: 250

Quote from: FIEX on November 13, 2017, 05:44:57 AM

Quote from: viljy on November 13, 2017, 03:52:38 AM

Quote from: FIEX on November 12, 2017, 04:13:08 PM

News about reserve:

We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.

All the same decided to leave a stock of tokens to ensure liquidity? And these tokens will be sold on the site?

No, they will be used it on the free market if there is no liquidity on that market.
When we see that there is enough liquidity on exchanges before the launch of our MVP then we will burn the reserve. If everyone is holding there tokens we need to have some reserve for some functions that require the tokens.

Nice, i would like to keep informed about that.
Hopefully the result will be burning tokens

samlaode

sr. member

Activity: 674

Merit: 250

Quote from: levyashin on November 13, 2017, 05:50:45 AM

Quote from: FIEX on November 12, 2017, 04:13:08 PM

News about reserve:

We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.

It was a necessary move. Because of the Finnish investor, token supply can be very limited at the start.

I think the best we will burn it. How can you determine exactly free market can provide enough liquidity or not? It will affect the psychology of SOMA investors.

nexsto

sr. member

Activity: 588

Merit: 250

Quote from: Sozialtourist on November 13, 2017, 06:50:27 AM

Quote from: Elkmar on November 13, 2017, 06:43:06 AM

Quote from: SEELE^^01 on November 12, 2017, 05:42:06 PM

Quote from: sockpuppet1911 on November 12, 2017, 05:03:21 PM

Quote from: FIEX on November 12, 2017, 04:13:08 PM

News about reserve:

We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.

So, does this mean that you are going to sell those tokens if the market has enough liquidity? And if you can't sell you'll burn them? Please tell me that i have completely misunderstood this sentence.

thats what i thought too. at first glance it really sounds like that way, but why?!?!

hope they will burn them and not use them for mvp or whatever...

There should be no problem with the liquidity ...

Yes, you keep saying that but the fact is that the huge majority of tokens are in the hands of the angel investors (around 90% if I remember correctly). So what happens if these investors don't wanna sell their tokens?!

So does this mean you will sell the token if the market has enough liquidity?

Sozialtourist

full member

Activity: 686

Merit: 101

Quote from: Elkmar on November 13, 2017, 06:43:06 AM

Quote from: SEELE^^01 on November 12, 2017, 05:42:06 PM

Quote from: sockpuppet1911 on November 12, 2017, 05:03:21 PM

Quote from: FIEX on November 12, 2017, 04:13:08 PM

News about reserve:

We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.

So, does this mean that you are going to sell those tokens if the market has enough liquidity? And if you can't sell you'll burn them? Please tell me that i have completely misunderstood this sentence.

thats what i thought too. at first glance it really sounds like that way, but why?!?!

hope they will burn them and not use them for mvp or whatever...

There should be no problem with the liquidity ...

Yes, you keep saying that but the fact is that the huge majority of tokens are in the hands of the angel investors (around 90% if I remember correctly). So what happens if these investors don't wanna sell their tokens?!

Elkmar

full member

Activity: 294

Merit: 100

Quote from: SEELE^^01 on November 12, 2017, 05:42:06 PM

Quote from: sockpuppet1911 on November 12, 2017, 05:03:21 PM

Quote from: FIEX on November 12, 2017, 04:13:08 PM

News about reserve:

We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.

So, does this mean that you are going to sell those tokens if the market has enough liquidity? And if you can't sell you'll burn them? Please tell me that i have completely misunderstood this sentence.

thats what i thought too. at first glance it really sounds like that way, but why?!?!

hope they will burn them and not use them for mvp or whatever...

There should be no problem with the liquidity ...

levyashin

sr. member

Activity: 980

Merit: 276

$CYBERCASH METAVERSE

Quote from: FIEX on November 12, 2017, 04:13:08 PM

News about reserve:

We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.

It was a necessary move. Because of the Finnish investor, token supply can be very limited at the start.

Sozialtourist

full member

Activity: 686

Merit: 101

Quote from: FIEX on November 13, 2017, 05:44:57 AM

Quote from: viljy on November 13, 2017, 03:52:38 AM

Quote from: FIEX on November 12, 2017, 04:13:08 PM

News about reserve:

We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.

All the same decided to leave a stock of tokens to ensure liquidity? And these tokens will be sold on the site?

No, they will be used it on the free market if there is no liquidity on that market.
When we see that there is enough liquidity on exchanges before the launch of our MVP then we will burn the reserve. If everyone is holding there tokens we need to have some reserve for some functions that require the tokens.

And what are the criteria for deciding? Will you only look at the trading volumes on the exchanges?

FIEX

sr. member

Activity: 630

Merit: 276

Quote from: viljy on November 13, 2017, 03:52:38 AM

Quote from: FIEX on November 12, 2017, 04:13:08 PM

News about reserve:

We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.

All the same decided to leave a stock of tokens to ensure liquidity? And these tokens will be sold on the site?

No, they will be used it on the free market if there is no liquidity on that market.
When we see that there is enough liquidity on exchanges before the launch of our MVP then we will burn the reserve. If everyone is holding there tokens we need to have some reserve for some functions that require the tokens.

akbarharyadi8

full member

Activity: 186

Merit: 100

Quote from: niklasmato on November 13, 2017, 02:57:09 AM

Quote from: Piggy on November 13, 2017, 12:16:22 AM

Yes, ill just hold the token, the price will definitely go up above ico price once the platform will start to be ready.

That's true.. most ICO's drop a bit just after the initial ico due to some presale investors and other influences.. but as soon as there is a real life product or good news the price skyrockets.

such things are common even almost all new tokens there is a decline in the exchange rate. this does not last long because the token price will soon rise again. so we really must be patient and observant to observe the exchange rate in available market

viljy

hero member

Activity: 1736

Merit: 857

Quote from: FIEX on November 12, 2017, 04:13:08 PM

News about reserve:

We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.

All the same decided to leave a stock of tokens to ensure liquidity? And these tokens will be sold on the site?

Yasemin

full member

Activity: 224

Merit: 100

Become Part of the Mining Family

Quote from: the_donald on November 13, 2017, 02:31:49 AM

Quote from: Piggy on November 13, 2017, 02:06:43 AM

Quote from: Yasemin on November 13, 2017, 01:34:53 AM

Only 2 days left till the end of the ICO, until now extending the ICO didnt really do much. Maybe they should burn the half of their tokens.

They are burning the unsold token. I think they will keep 10% for future liquidity if needed

the unsold tokens will be burned. I just hope what they've raised will be enough to develop the product.

I am happy to read that they will burn the unsold tokens. If they use the 10% to save the platform, I think it is a good plan.

martinholly167

sr. member

Activity: 658

Merit: 250

Quote from: sockpuppet1911 on November 13, 2017, 02:41:25 AM

Quote from: FIEX on November 12, 2017, 06:02:56 PM

Quote from: sockpuppet1911 on November 12, 2017, 05:03:21 PM

Quote from: FIEX on November 12, 2017, 04:13:08 PM

News about reserve:

We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.

So, does this mean that you are going to sell those tokens if the market has enough liquidity? And if you can't sell you'll burn them? Please tell me that i have completely misunderstood this sentence.

It means that that we will burn the directly if crucial features of the Soma ecosystem can be powered with the SCT available on the free markets (such as Soma Rewarding System, which can be only utilized by SCT). If, and only if, there is not enough liquidity provided by the free markets (if nobody is selling SCT for users who would like to utilize some features in the Soma application, we will provide liquidity from the reserve)

Thank you for trying to explain but please can you do that in layman's terms because i have a hard time understanding this. Are you providing a sell wall for people to buy to?

Its like if you want to buy a steam wallet , but no one sell it even the steam itself because its already sold out or maybe burned.

niklasmato

sr. member

Activity: 616

Merit: 263

Quote from: Piggy on November 13, 2017, 12:16:22 AM

Yes, ill just hold the token, the price will definitely go up above ico price once the platform will start to be ready.

That's true.. most ICO's drop a bit just after the initial ico due to some presale investors and other influences.. but as soon as there is a real life product or good news the price skyrockets.

Topic: [ANN][ICO] SOMA - The Social Marketplace - page 70. (Read 92794 times)