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Topic: [ANN][ICO] SOMA - The Social Marketplace - page 72. (Read 92822 times)

full member
Activity: 574
Merit: 115
November 12, 2017, 05:08:38 PM
Burning extended, Token sale extended.  These people love to extend their stuff.
ICO extension was decided and happened without any announcement to the early contributors.


That is why I am looking at the smart contract. Too late, I know. But that is the point of smart contracts, we can observe them and see what can and cannot be changed and what kind of loopholes they allow.
full member
Activity: 490
Merit: 100
November 12, 2017, 05:06:14 PM
I seen, that they have MVP only in Q 2018? Do they have more detail roadmap? For each month at last?

Well, closed beta must be near, usually it's not very different from the final product, which will just have minor improvements regarding UI and less bugs (if there are any)

Yeah, according to their roadmap we will still see the closed beta in 2017. Hopefully, they can stick to their schedule and there won't be any delays.
I think the closed beta release is a technical whitepaper, and they have released it
sr. member
Activity: 630
Merit: 276
November 12, 2017, 05:02:56 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)
newbie
Activity: 9
Merit: 0
November 12, 2017, 05:00:24 PM
Burning extended, Token sale extended.  These people love to extend their stuff.
ICO extension was decided and happened without any announcement to the early contributors.
full member
Activity: 490
Merit: 104
November 12, 2017, 05:00:04 PM
3 days left till the end of sales. The sales counter is practically not growing. It seems that SOMA will no longer raise money. But if all unsold tokens are burned, the price of the remaining ones will increase. In addition, objectively collected quite a decent amount.

Yes, it's not because every token are not sold that this project will not have some important results.
I agree, now the crypto market is not stable, but I think in the near future, this project will be valued dignified, the main thing is that SOMA team should follow the roadmap
full member
Activity: 574
Merit: 115
November 12, 2017, 04:47:36 PM
How is it even possible to change things like the reserve? Is that not fixed in the smart contract?

https://github.com/Soma-co/soma-community-token/blob/master/contracts/SomaIco.sol

Code:
function prepareLiquidityReserve() public onlyOwner {
        require(isIcoFinished());
       
        uint256 unsoldTokens = totalSupply.sub(tokensSold);
        // make sure there are any unsold tokens to be assigned
        require(unsoldTokens > 0);

        // try to allocate up to 10% of total sold tokens to Liquidity Reserve fund:
        uint256 liquidityReserveTokens = tokensSold.div(10);
        if (liquidityReserveTokens > unsoldTokens) {
            liquidityReserveTokens = unsoldTokens;
        }
        assignTokens(liquidityReserveWallet, liquidityReserveTokens);
        unsoldTokens = unsoldTokens.sub(liquidityReserveTokens);

        // if there are still unsold tokens:
        if (unsoldTokens > 0) {
            // decrease  (burn) total supply by the number of unsold tokens:
            totalSupply = totalSupply.sub(unsoldTokens);
        }

        // make sure there are no tokens left
        assert(tokensSold == totalSupply);
    }

    function manuallyAssignTokens(address recipient, uint256 amount) public onlyOwner {
        require(tokensSold < totalSupply);
        assignTokens(recipient, amount);
    }

    /**
     * @dev Burns a specific amount of tokens.
     * @param _value The amount of token to be burned.
     */
    function burn(uint256 _value) public whenNotPaused {
        require(_value > 0);

        address burner = msg.sender;
        balances[burner] = balances[burner].sub(_value);
        totalSupply = totalSupply.sub(_value);
        Burn(burner, _value);
    }

Guess not, they are on demand functions. Both liquidity reserve and burn are optional.
full member
Activity: 952
Merit: 137
November 12, 2017, 04:42:06 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...
full member
Activity: 294
Merit: 100
November 12, 2017, 04:39:03 PM
3 days left till the end of sales. The sales counter is practically not growing. It seems that SOMA will no longer raise money. But if all unsold tokens are burned, the price of the remaining ones will increase. In addition, objectively collected quite a decent amount.

Yes, it's not because every token are not sold that this project will not have some important results.
sr. member
Activity: 994
Merit: 278
November 12, 2017, 04:03:21 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.
full member
Activity: 490
Merit: 104
November 12, 2017, 04:02:09 PM
Still 3 days before the end of the token sale. The amount already raise is pretty good, and all unsold token will be burned, so its pretty good. Soma will go on and I think will take a great value, impatient to start using the apps !

The burning will certainly help the value of the token the moment it goes live, and because SOMA is not so mainstream, but enough to finishes successfully, we could expect an increase of price when it hit exchanges.
burning does not greatly affect pricing, it all depends on the capitalization as well as the work done by the team. SOMA - promising project, I think their team will do everything possible to develop properly and achieve all goals

pump and dump is real, if dev not really developing their program and not make a surprise, value of token will stay in line or dumped.
hope SOMA's dev really developing their program

Devs are working hard! There will be some news coming.
I know you all have been patient but they are really working hard on the development of the Android app and Web version.

Coming as in - before the ICO finishes? or afterwards.
It is good to hear that they have been work hard on developments.
there is still enough time, I think big whales are watching this theme and they will not miss the opportunity to invest in this perspective project, we must wait for good news
hero member
Activity: 3066
Merit: 605
November 12, 2017, 03:58:46 PM
Still 3 days before the end of the token sale. The amount already raise is pretty good, and all unsold token will be burned, so its pretty good. Soma will go on and I think will take a great value, impatient to start using the apps !

The burning will certainly help the value of the token the moment it goes live, and because SOMA is not so mainstream, but enough to finishes successfully, we could expect an increase of price when it hit exchanges.
me too just want to start using the app,the price after listing on some exchange will pump up in my opinion,just waiting for some good news from dev and team keep it up...
full member
Activity: 252
Merit: 100
November 12, 2017, 03:54:59 PM
Still 3 days before the end of the token sale. The amount already raise is pretty good, and all unsold token will be burned, so its pretty good. Soma will go on and I think will take a great value, impatient to start using the apps !

The burning will certainly help the value of the token the moment it goes live, and because SOMA is not so mainstream, but enough to finishes successfully, we could expect an increase of price when it hit exchanges.
burning does not greatly affect pricing, it all depends on the capitalization as well as the work done by the team. SOMA - promising project, I think their team will do everything possible to develop properly and achieve all goals

pump and dump is real, if dev not really developing their program and not make a surprise, value of token will stay in line or dumped.
hope SOMA's dev really developing their program

Devs are working hard! There will be some news coming.
I know you all have been patient but they are really working hard on the development of the Android app and Web version.

Coming as in - before the ICO finishes? or afterwards.
It is good to hear that they have been work hard on developments.
full member
Activity: 952
Merit: 137
November 12, 2017, 03:44:03 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.

lol, what i understand is now, that they are not going to burn the unsold tokens from the ico sale and want to use it for the MVP programm huh?!

well... yare yare....
sr. member
Activity: 1372
Merit: 259
November 12, 2017, 03:42:09 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.

What this mean? They mean only 10% of tokens or all unsold tokens and what they will be doing with them?
full member
Activity: 686
Merit: 101
November 12, 2017, 03:21:36 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 what does that mean exactly? The MVP is planned for Q2/2018. Does it mean we will still be able to buy SCT directly after the ICO now from the official site till next year?
sr. member
Activity: 630
Merit: 276
November 12, 2017, 03:13:08 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.
full member
Activity: 952
Merit: 137
November 12, 2017, 03:10:50 PM
Still 3 days before the end of the token sale. The amount already raise is pretty good, and all unsold token will be burned, so its pretty good. Soma will go on and I think will take a great value, impatient to start using the apps !

yes, the ico is now running pretty well... for being extended was a good decision after all Smiley

lets keep on Smiley
sr. member
Activity: 630
Merit: 276
November 12, 2017, 02:42:56 PM
Still 3 days before the end of the token sale. The amount already raise is pretty good, and all unsold token will be burned, so its pretty good. Soma will go on and I think will take a great value, impatient to start using the apps !

The burning will certainly help the value of the token the moment it goes live, and because SOMA is not so mainstream, but enough to finishes successfully, we could expect an increase of price when it hit exchanges.
burning does not greatly affect pricing, it all depends on the capitalization as well as the work done by the team. SOMA - promising project, I think their team will do everything possible to develop properly and achieve all goals

pump and dump is real, if dev not really developing their program and not make a surprise, value of token will stay in line or dumped.
hope SOMA's dev really developing their program

Devs are working hard! There will be some news coming.
I know you all have been patient but they are really working hard on the development of the Android app and Web version.
sr. member
Activity: 1792
Merit: 293
👉bit.ly/3QXp3oh | 🔥 Ultimate Launc
November 12, 2017, 02:40:07 PM
Still 3 days before the end of the token sale. The amount already raise is pretty good, and all unsold token will be burned, so its pretty good. Soma will go on and I think will take a great value, impatient to start using the apps !

The burning will certainly help the value of the token the moment it goes live, and because SOMA is not so mainstream, but enough to finishes successfully, we could expect an increase of price when it hit exchanges.
burning does not greatly affect pricing, it all depends on the capitalization as well as the work done by the team. SOMA - promising project, I think their team will do everything possible to develop properly and achieve all goals

pump and dump is real, if dev not really developing their program and not make a surprise, value of token will stay in line or dumped.
hope SOMA's dev really developing their program
full member
Activity: 490
Merit: 104
November 12, 2017, 02:17:17 PM
Still 3 days before the end of the token sale. The amount already raise is pretty good, and all unsold token will be burned, so its pretty good. Soma will go on and I think will take a great value, impatient to start using the apps !

The burning will certainly help the value of the token the moment it goes live, and because SOMA is not so mainstream, but enough to finishes successfully, we could expect an increase of price when it hit exchanges.
burning does not greatly affect pricing, it all depends on the capitalization as well as the work done by the team. SOMA - promising project, I think their team will do everything possible to develop properly and achieve all goals
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