[ANN][ICO] SOMA - The Social Marketplace

[Elkmar]

Good progress in sales. Such dynamics, says that about 10 million dollars can be collected by the end of the sale.

Around 20 millions would be good, enough to attract attention while letting room for a nice growth once it hit exchanges.

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[Heimer]

When thdere is underselling post ico could be also due to the token allocated to the advisors or other people who helped out the project and get paid in tokens

I dont think advisor would dump the coin after ICO since they are a part of the team. They probably wouldnt join in if they didnt believe in the success of the project.
I am sure its mostly bounty hunters that are responsible for after ICO dumps.

Exactly, every dumps are caused mostly by bounty hunters. Team members and advisors are holding tokens because it is in their best interest to do this

[FIEX]

So, they had tokens sale for "angel investors" before? Which price was for this investors?

Think there wasnt a sale for angel investors, they are usually just people contacting the devs.
They make an arrangement with the team. This is outside presale & crowdsale terms but this is not for small amounts, we are talking here about millions.

[viljy]

Good progress in sales. Such dynamics, says that about 10 million dollars can be collected by the end of the sale.

Yes, it is looking like that way.

If my calculations right they already funded more than 5 million USD. No one wants to miss this unique project.

Wow crazy amount of money collected just to build a platform! How did you calculate that Levyashin?

this is insane for a plattform! ive seen real estate projects here on bitcointalk which collected only 10M

Information from the SOMA website: Total tokens distributed 6427034 SCT
1 ETH = 450 SCT
Means have already collected ~ 14282 ETH
For today, this corresponds to ~ $ 4941675

[niklasmato]

Something I learned today.
Saw on Telegram that SOMA had an angel investor before the ICO started!

An angel investor of $6M!! That is just huge!
Someone really believes in this start-up! Knowing that this project already got a 6M USD funding, it blows my mind

This is great news!

hm.. I seen on their site, that 6 mln tokens sold now. But this is lees that 6 mln $
Or this counter for crowdsale only?

Is there any link to an article about this that is more reliable then a telegram message? An angel investor that put in 6m is pretty good, usually angel
investors have very good buseniss knowledge so getting money from them is already a good sign for SOMA

well, i asked this some posts before. does anyone have the name of those angel investors for me to look into this

i really would like to know, who they are...

Yea i second that I would also like to know the validity of this statement, that would be freaking awesome if it was true for sure!

Where did you find a reference for an angel investor. I only see that a number of tokens have already been sold, not that they've been sold to an angel investor. Maybe I missed the announcement somewhere?

[toolucky98]

Good progress in sales. Such dynamics, says that about 10 million dollars can be collected by the end of the sale.

Yes, it is looking like that way.

If my calculations right they already funded more than 5 million USD. No one wants to miss this unique project.

Wow crazy amount of money collected just to build a platform! How did you calculate that Levyashin?

this is insane for a plattform! ive seen real estate projects here on bitcointalk which collected only 10M

Information from the SOMA website: Total tokens distributed 6427034 SCT
1 ETH = 450 SCT
Means have already collected ~ 14282 ETH
For today, this corresponds to ~ $ 4941675

Thats a great amount, but its still far away from the max cap (120.000 ETH).
I also want to know if that amount is already included with the Angel investor's investment.

[haxllega]

When thdere is underselling post ico could be also due to the token allocated to the advisors or other people who helped out the project and get paid in tokens

I dont think advisor would dump the coin after ICO since they are a part of the team. They probably wouldnt join in if they didnt believe in the success of the project.
I am sure its mostly bounty hunters that are responsible for after ICO dumps.

Exactly, every dumps are caused mostly by bounty hunters. Team members and advisors are holding tokens because it is in their best interest to do this

In the paypie ICO, for example, many ICO participants dumped their coins right after they got their coins. Bounty distribution had not been paid until now.

[alphashotgun]

When thdere is underselling post ico could be also due to the token allocated to the advisors or other people who helped out the project and get paid in tokens

I dont think advisor would dump the coin after ICO since they are a part of the team. They probably wouldnt join in if they didnt believe in the success of the project.
I am sure its mostly bounty hunters that are responsible for after ICO dumps.

Exactly, every dumps are caused mostly by bounty hunters. Team members and advisors are holding tokens because it is in their best interest to do this

In the paypie ICO, for example, many ICO participants dumped their coins right after they got their coins. Bounty distribution had not been paid until now.

yes! i was one of those lucky guys who didnt get bounty

[Mystic90]

Good progress in sales. Such dynamics, says that about 10 million dollars can be collected by the end of the sale.

Yes, it is looking like that way.

If my calculations right they already funded more than 5 million USD. No one wants to miss this unique project.

Wow crazy amount of money collected just to build a platform! How did you calculate that Levyashin?

this is insane for a plattform! ive seen real estate projects here on bitcointalk which collected only 10M

Information from the SOMA website: Total tokens distributed 6427034 SCT
1 ETH = 450 SCT
Means have already collected ~ 14282 ETH
For today, this corresponds to ~ $ 4941675

Thats a great amount, but its still far away from the max cap (120.000 ETH).
I also want to know if that amount is already included with the Angel investor's investment.

If there was an angel investor, i dont think his investment is in these numbers. Still hoping for an official statement on this

[Yasemin]

Good progress in sales. Such dynamics, says that about 10 million dollars can be collected by the end of the sale.

Yes, it is looking like that way.

If my calculations right they already funded more than 5 million USD. No one wants to miss this unique project.

Wow crazy amount of money collected just to build a platform! How did you calculate that Levyashin?

this is insane for a plattform! ive seen real estate projects here on bitcointalk which collected only 10M

Information from the SOMA website: Total tokens distributed 6427034 SCT
1 ETH = 450 SCT
Means have already collected ~ 14282 ETH
For today, this corresponds to ~ $ 4941675

Thats a great amount, but its still far away from the max cap (120.000 ETH).
I also want to know if that amount is already included with the Angel investor's investment.

If there was an angel investor, i dont think his investment is in these numbers. Still hoping for an official statement on this

The typical angel investment is $25,000 to $100,000 a company, but can go higher. (source: Forbes.com). So I that money can already be included I suppose

[levyashin]

When thdere is underselling post ico could be also due to the token allocated to the advisors or other people who helped out the project and get paid in tokens

I dont think advisor would dump the coin after ICO since they are a part of the team. They probably wouldnt join in if they didnt believe in the success of the project.
I am sure its mostly bounty hunters that are responsible for after ICO dumps.

Exactly, every dumps are caused mostly by bounty hunters. Team members and advisors are holding tokens because it is in their best interest to do this

In the paypie ICO, for example, many ICO participants dumped their coins right after they got their coins. Bounty distribution had not been paid until now.

I think the reasons behind paypie dump is upcoming btc fork so everybody trying to turn btc and last minute unannounced partner. It was on etherdelta only so the drop would be deeper thanks to it.

There is always risk element in contributing an ico. It is like same when buying some alt from exchanges. It can dump or pump. For example, another of my contributed ico vibehub made a 5x in one day.

[matjas]

Good progress in sales. Such dynamics, says that about 10 million dollars can be collected by the end of the sale.

Yes, it is looking like that way.

If my calculations right they already funded more than 5 million USD. No one wants to miss this unique project.

Wow crazy amount of money collected just to build a platform! How did you calculate that Levyashin?

this is insane for a plattform! ive seen real estate projects here on bitcointalk which collected only 10M

Information from the SOMA website: Total tokens distributed 6427034 SCT
1 ETH = 450 SCT
Means have already collected ~ 14282 ETH
For today, this corresponds to ~ $ 4941675

I am honestly surprised they managed to collect so much money so far. The idea is good but for me it lacks that wow factor, but with that amount of money raised, im sure they will add some more interesting features in the final version.

[Yasemin]

If you dont have time to read the whitepaper, but want to read a short summary of the SOMA project; you can check this article
http://cryptocreed.com/2017/10/13/soma-blockchain-based-social-marketplace/
I encourage everyone to read the whitepaper before investing

[ParRus]

found video guide, will explained how to get involved if you have never purchased any cryptocurrency before, I think it will be useful for beginners:
https://www.youtube.com/watch?v=ZEgmosoF1P4

[Mystic90]

If you dont have time to read the whitepaper, but want to read a short summary of the SOMA project; you can check this article
http://cryptocreed.com/2017/10/13/soma-blockchain-based-social-marketplace/
I encourage everyone to read the whitepaper before investing

Not the best article. But thnx for sharing anyway. What i find funny is that he says there is a few problems that needs to be solved:

"But there are few problems which need to  get solve. According to website of SOMA, “SOMA is a revolutionary decentralized platform which facilitates trade  inside the Soma community through a rewarding system that enables beneficial collaboration of the community members Users are an encouraged to engage in actions that will benefit every one on platform”. SOMA is first and exclusive social marketplace which will reward users for aiding the process of exchanging. This is platform where users wealth will increase by joining social capial of community. SOMA team planned to be a worls internet’s largest marketplace where the benefit of the decentralized platform are utilized efficiently."

But then he doesnt list a probleme with SOMA anywhere in the blog

[toolucky98]

Good progress in sales. Such dynamics, says that about 10 million dollars can be collected by the end of the sale.

Yes, it is looking like that way.

If my calculations right they already funded more than 5 million USD. No one wants to miss this unique project.

Wow crazy amount of money collected just to build a platform! How did you calculate that Levyashin?

this is insane for a plattform! ive seen real estate projects here on bitcointalk which collected only 10M

Information from the SOMA website: Total tokens distributed 6427034 SCT
1 ETH = 450 SCT
Means have already collected ~ 14282 ETH
For today, this corresponds to ~ $ 4941675

I am honestly surprised they managed to collect so much money so far. The idea is good but for me it lacks that wow factor, but with that amount of money raised, im sure they will add some more interesting features in the final version.

They already have a definite strategy for the collected amount.

In the ICO campaign of every 1,500 ETH, we are expanding our marketplace to a new region or state. The goal is to grow in favor of the early adopter.

So it means that they have expanded their project to almost 10 new region or state right now.

[Piggy]

Good progress in sales. Such dynamics, says that about 10 million dollars can be collected by the end of the sale.

Yes, it is looking like that way.

If my calculations right they already funded more than 5 million USD. No one wants to miss this unique project.

Wow crazy amount of money collected just to build a platform! How did you calculate that Levyashin?

this is insane for a plattform! ive seen real estate projects here on bitcointalk which collected only 10M

Information from the SOMA website: Total tokens distributed 6427034 SCT
1 ETH = 450 SCT
Means have already collected ~ 14282 ETH
For today, this corresponds to ~ $ 4941675

I am honestly surprised they managed to collect so much money so far. The idea is good but for me it lacks that wow factor, but with that amount of money raised, im sure they will add some more interesting features in the final version.

We need to wait for a testable version and see how is the feeling. Just too early now to form an opinion i guess. I like the idea a lot.

[Trrrt]

Yes its very nice that soma already collect near 5 million $. A lot of people really want to be a part of the project, Soma will continue to raise money I think, the community behind the project is huge and th me project show realy good argument to sucess, it’s important for investors.

[Elkmar]

So, they had tokens sale for "angel investors" before? Which price was for this investors?

Think there wasnt a sale for angel investors, they are usually just people contacting the devs.
They make an arrangement with the team. This is outside presale & crowdsale terms but this is not for small amounts, we are talking here about millions.

Normally when you invest that much you have quite an advantageous price.

[viljy]

Good progress in sales. Such dynamics, says that about 10 million dollars can be collected by the end of the sale.

Yes, it is looking like that way.

If my calculations right they already funded more than 5 million USD. No one wants to miss this unique project.

Wow crazy amount of money collected just to build a platform! How did you calculate that Levyashin?

this is insane for a plattform! ive seen real estate projects here on bitcointalk which collected only 10M

Information from the SOMA website: Total tokens distributed 6427034 SCT
1 ETH = 450 SCT
Means have already collected ~ 14282 ETH
For today, this corresponds to ~ $ 4941675

I am honestly surprised they managed to collect so much money so far. The idea is good but for me it lacks that wow factor, but with that amount of money raised, im sure they will add some more interesting features in the final version.

We need to wait for a testable version and see how is the feeling. Just too early now to form an opinion i guess. I like the idea a lot.

It would be nice to have a prototype the application. To see how this will act in practice. I do not understand yet where SOMA will bring users to in their social platform. They need to be interested in a huge number of people.