Oh wow, so the subsidiary collecting $20m right now is run by a well-known scammer who let $300,000 disappear magically ten years ago. I'm preparing for a loss here. Good I didn't dump too much on this because of the high presale bonus. A little worried nobody has answered this yet but I'm sure there's a legitimate answer. However, I still feel confident with my investment. Also pretty glad that error fixed up pretty quickly, definitely won't obsessively check my balance as much as I have been lol. I also would like to know what this means ... The first link doesn't open anymore, probably too much activity. Where did the information of the involvement of Marc Philipp Brühwiler in UTRUST came from? |
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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? |
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Announcement from their Slack 23:39 CET:
Dear all, the registration process for KYC/AML is slightly delayed and will be available during the day. We had to change our DNS at the last minute and could not do it during the we. This will be fixed in the next few hours.
Actually start in the middle of the night was not logical so little postponement is better. But last minute delay is not a good thing for a project. maybe it happens because there are some factors that can not be predicted causing delays. it is not good but if it happens it is all out of control Delays are never welcome, but hours delayed are not days. Can't wait for the pre-sale to start to see how it goes! |
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Im not following this thread and since they have put their counter down from website i dont have a clue how their ICO is going. Can anyone write the amount thy raised so far?
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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.
Every project which is not sold out reaches its maximum eventually, for me personally, i am pleased with what they raised and am certain they have enough to continue to develop their project. |
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If nobody wants to buy from ICO then who do you think would buy this from market when it hit exchanges? I guess it will be straight dump after bounty payments. (Only if they pay to bounty participants though) I'm pretty skeptical about that.
What do you mean, did you watch how much was sold already ? Stop saying bullshit. Well all he said is that there are still unsold tokens available during the ICO. And when these tokens don't get sold out, why should anyone be willing to pay even more than the ICO price on an exchange when he could have bought during the token sale? I think the real increase in price will be when the first merchants successfully test the Utrust API and plan to implement UTrust in their shop. Well the value almost never raises rapidly after ICO, it will react to some announcements and they Utrust will catch an eye of future token buyers. Not everyone is willing to risk it with ICO but waits if the project actually evolves. |
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I think it’s very cool to invest in apps, it’s really a good feature of DAO Playmarket. And so much more features are good in the project. I’m impatient to see the future of the project and start to use the platform.
yes DAO PlayMarket have a great future with all the thinks they will be comming.  Im quite happy they share dividends with the token holders, this could be huge if they share dividends with the token holders, then they will get in trouble with the SEC. Are they letting Us citizens to participate or not? Yes, they dont have any restrictions for participiants as I know. Yes, they have! US citizens are not allowed to participate. Dev wrote that already a couple of days ago Yes, correct. US investors cant join ICO because there jurisdiction.
Ok that makes sense since they will be paying dividends. Thanks for clarifying it. |
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ico of the project already running and did not feel was at the end of ico but I see no progress of the extension ico this project run and I hope at the end of ico there are willing to invest large amounts of soma project
The possibility to get more funds still have, maybe at the last day there is whales who buy soma token. Although this is only my imagination, but i think anything can happen and keep optimistic If im not wrong they are going to keep 10% of the unsold token, for further liquidity if needed in the future Do you know if FIEX confirmed this or they havent's decided yet? I hope so because right at the start liquidity will be very low. No @matjas it's not about value drop, it's about liquidity Ok but liquidity can be relative, who can set a number on it? They can say coin is not liquid enough anytime and not burn their coins. |
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I wonder where they are going to house all the staff for the dispute resolution. Do they have a separate office for that?
Maybe they could outsourced it from other entities. Dispute issues may grow big as time pass by with UTRUST. Yes, they could hire local support groups in different countries, train them. And they could basically work from home. + set up a phone center, with 24h support I actually like that idea but its not that easy to realize it. Im sure they will have a lot of work after ICO and they should maybe think of expending their local team and after that hire some more people for marketing abroad. |
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Recent bitcoin drop isnt doing them any good. As far as i know they are getting a lot of funding with bitcoin and unfortunately they are loosing money in recent days. They should really think about when they will withdraw their found.
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Thank for sharing full record of this interesting event, as we see the Napoleon X team don't sit in one place, project is becoming more popular Good to see some international presence, time to integrate some private investors and maybe new business advisors hey nice, thanks for sharing. any potential partnerships out of this? Another great presentation from the them. There are a lot of potential investors in Russia who might jump on the train later. Your marketing campaign has been great so far. |
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ico of the project already running and did not feel was at the end of ico but I see no progress of the extension ico this project run and I hope at the end of ico there are willing to invest large amounts of soma project
The possibility to get more funds still have, maybe at the last day there is whales who buy soma token. Although this is only my imagination, but i think anything can happen and keep optimistic If im not wrong they are going to keep 10% of the unsold token, for further liquidity if needed in the future That wasn't certain if they didn't announce they will. They were still thinking about it, when i last checked. They were asking their investors for opinion about keeping the coins in case of value drop after ICO but we didnt get any feet back yet. I hope there will be some new before the end. |
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There are now just 8 days left to get it, i wonder if is goin to sell out. Nevertheless good result and amount of money raised.
That is the big question. They have been selling a million tokens a day for the last couple of days, so they might reach around 438 million, unless some big investors decide to invest The last 3 days : 8 million , 5 million and 2,7 million, the attraction on this ICO is lower, i see no hope to sell out before the time runs out. Its logical its lower now since all investors aimed for the initial period of ICO, i would guess, that most of investments now are coming from people who already took part of ICO in the beginning and are just buying more. |
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The reward system is very interesting. SOMA calls it ''P2P marketing'', users can gain SOMA Community Tokens by promoting the items that are listed for sale on the platform. This way the popularity of the Soma Community Token grows, which makes is worth more.
I know some people working online, they do this kind of stuff as a fulltime job. I can see this platform really growing.
Is it kind of affiliate system or they have made some other tracking system to track the sales? So how will this promotion look like? Will you promote any item you want and if it get sold you will get extra tokens? What exactly you will need to do? |
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So what happen with the total tokes to be distributed? I saw it has magically dropped, it was I think double or so a few days ago?
if I am not wrong the total supply of token will be burned 50% and this is a great news. we hope this project will be success. Yes this will happen 50% of the total supply will be destroyed so now only few tokens left for sale. This is good news for all investors and those who already staked some amount into this ICO. I hope so now this project has good chance to get sold before finish of countdown. They burned 500 million tokens, thats 50% of all tokens and they reduced tokens reserved for the team from 100 million to 50 million. |
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Its less than 9 days to go before stage 1 will end and the ICO is getting good results at such an early stage. yes lets invest now, stage 1 can also over in 2 or 3 days when the cap reached  I didnt know there was a cap for each stage? But I see it now on the site: until the end of OF THE STAGE 1 there are 401 492 PMT This makes things more interesting that's the way all ICO's are set-up. bonuses for early adopters. it's normal Will each stage last for the same amount of time if it doesnt reach stage cap first? |
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ICO is now running a couple of days. Does anyone know how much money they have already raised? Couldn't find anything on their website.
Many people suggested already a counter, but there has not been a change yet. Hopefully the devs will read this There was already a counter in the beginning of their ICO, what happened to it? |
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Really, they promiced app few weeks ago, and still no news. Devs doing something?
Yes but they didnt announce the exact date and now they are saying it wont be done before ICO ends. |
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where can we store the coins after the ICO ? There isn't any wallet
This is not a coin. This is ERC20 tokens. So you can store tokens in some of ETH wallets like MyEtherWallet Buy a Ledger Nano S and use it with Myetherwallet. That is the best combination right now to hold your coins for long term. Is it safe for what concern security this ledger nano? Agaist keylogger, or malicius software trying to steal private keys? yeah as far as I know ledger nano is the safest place to store your cryptos and they provide protection agains malicious softwares. The only instruction is to be followed here is never to buy used Ledgers. They may contain 3rd party worms or viruses. Buy a new one and keep it to yourself. That is the safest option right now. You made me worried now, what if you get fake Chinese Ledger with some virus implanted, you really need to be careful. |
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Are there already competitors in the project in this industry? A year later, the project will become relevant, when the market of crypto-currency will gain popularity among the population.
There are many competitors in this industry/niche, including the big boss google. Actually I think google will give a fuck about any other competitioner. Why? Because they know that the majority of users will use their playstore anyways as it's preinstalled and a lot of people don't do research about stuff like this. But of course there will always be people who search for good alternatives. Thats actually good for PlayMarket 2.0. since they wont get bothered until they attract enough users to make a dent in google store and then it might be too late for google to stop it. |
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