[ANN][ICO] SOMA - The Social Marketplace

[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.

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.

Somebody in here managed to try the iOS version but is not yet complete, for something more features complete we may have to wait a little bit longer

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[cantdecide]

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.

Haven't even know that they are already at around 5,000,000$. Better for everyone if they reach enough to build this platform and really shows the interest in this project.

[the_donald]

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.

Haven't even know that they are already at around 5,000,000$. Better for everyone if they reach enough to build this platform and really shows the interest in this project.

they need more marketing in my opinion. more coverage and banners on specialist websites.

[batako]

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

But the number of tokens allocated for bounty isn't big enough to affect the market. I don't think bounty hunters able to ruin a project with their dump.

[Piggy]

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

But the number of tokens allocated for bounty isn't big enough to affect the market. I don't think bounty hunters able to ruin a project with their dump.

I dont think is matter of ruining the project if people are paid in tokens for a job they do, they will cash out if they need to pay bills

[SEELE^^01]

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.

Haven't even know that they are already at around 5,000,000$. Better for everyone if they reach enough to build this platform and really shows the interest in this project.

they need more marketing in my opinion. more coverage and banners on specialist websites.

yes, much more from everything. ico bench rating and so on, more blogs, more videos, more sexy girls ...

but raising 5m dollar so far isnt bad either ><

[haxllega]

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.

Somebody in here managed to try the iOS version but is not yet complete, for something more features complete we may have to wait a little bit longer

Now we invest mostly only in an idea although they have a working product that's only in beta. I hope they will complete every detail of their roadmap on time to see the working product soon.

[FIEX]

About those angel investors. Here is some proof:

This comes from Jukka Hilmola (Co-Founder of SOMA) on Telegram

We managed to raise funding on very early stage with 1,5M valuation from Finnish angel investors, which is a quite remarkable achievement taking into account the phase we were back then. Soma also had a minor pre-sale with a very limited publicity, mainly to have a proof of concept in the ICO markets.

We have closed two funding rounds from Finnish angel investors before our ICO. With this capital, we were able to deliver our iOS-application for testing, and very soon we are releasing a new updated version of it. This new version will include core features that are crucial for a C2C-platform. Blockchain related features are designed to be released on our MVP according to our roadmap.

We decided not include soft cap as we were already backed up by angel investments before the ICO round and ICO is a complementary round to develop our software further.

So they have Finnish angel investors and a minor pre-sale. Users in the chat are talking about a total of 6M USD but this is not confirmed by devs.
Hope this info is proof

[matjas]

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.

Haven't even know that they are already at around 5,000,000$. Better for everyone if they reach enough to build this platform and really shows the interest in this project.

they need more marketing in my opinion. more coverage and banners on specialist websites.

yes, much more from everything. ico bench rating and so on, more blogs, more videos, more sexy girls ...

but raising 5m dollar so far isnt bad either ><

Since they raised that much amount of money, than can afford a good marketing manager to kick start their marketing campaign.  They should really take advantage of this momentum and get some more partners before the official version.

[SEELE^^01]

About those angel investors. Here is some proof:

This comes from Jukka Hilmola (Co-Founder of SOMA) on Telegram

We managed to raise funding on very early stage with 1,5M valuation from Finnish angel investors, which is a quite remarkable achievement taking into account the phase we were back then. Soma also had a minor pre-sale with a very limited publicity, mainly to have a proof of concept in the ICO markets.

We have closed two funding rounds from Finnish angel investors before our ICO. With this capital, we were able to deliver our iOS-application for testing, and very soon we are releasing a new updated version of it. This new version will include core features that are crucial for a C2C-platform. Blockchain related features are designed to be released on our MVP according to our roadmap.

We decided not include soft cap as we were already backed up by angel investments before the ICO round and ICO is a complementary round to develop our software further.

So they have Finnish angel investors and a minor pre-sale. Users in the chat are talking about a total of 6M USD but this is not confirmed by devs.
Hope this info is proof

still, would be nice to see those names of the angel/initial investor, since 1.5m investment is not a investment of a tiny unnamed fish ><"

[pynetx]

About those angel investors. Here is some proof:

This comes from Jukka Hilmola (Co-Founder of SOMA) on Telegram

We managed to raise funding on very early stage with 1,5M valuation from Finnish angel investors, which is a quite remarkable achievement taking into account the phase we were back then. Soma also had a minor pre-sale with a very limited publicity, mainly to have a proof of concept in the ICO markets.

We have closed two funding rounds from Finnish angel investors before our ICO. With this capital, we were able to deliver our iOS-application for testing, and very soon we are releasing a new updated version of it. This new version will include core features that are crucial for a C2C-platform. Blockchain related features are designed to be released on our MVP according to our roadmap.

We decided not include soft cap as we were already backed up by angel investments before the ICO round and ICO is a complementary round to develop our software further.

So they have Finnish angel investors and a minor pre-sale. Users in the chat are talking about a total of 6M USD but this is not confirmed by devs.
Hope this info is proof

still, would be nice to see those names of the angel/initial investor, since 1.5m investment is not a investment of a tiny unnamed fish ><"

I agree with you. If there are big fish then every person involved should know about them.

[teamcryptonator]

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.

Haven't even know that they are already at around 5,000,000$. Better for everyone if they reach enough to build this platform and really shows the interest in this project.

they need more marketing in my opinion. more coverage and banners on specialist websites.

yes, much more from everything. ico bench rating and so on, more blogs, more videos, more sexy girls ...

but raising 5m dollar so far isnt bad either ><

Of course, 5 million dollars is not a small amount of money, this is big amount of money with a project does not have much hype as SOMA. Although if you compare that amount to other large projects, you will know it is worse than those projects.

[ParRus]

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.

Haven't even know that they are already at around 5,000,000$. Better for everyone if they reach enough to build this platform and really shows the interest in this project.

they need more marketing in my opinion. more coverage and banners on specialist websites.

yes, much more from everything. ico bench rating and so on, more blogs, more videos, more sexy girls ...

but raising 5m dollar so far isnt bad either ><

Of course, 5 million dollars is not a small amount of money, this is big amount of money with a project does not have much hype as SOMA. Although if you compare that amount to other large projects, you will know it is worse than those projects.

5 million is just the beginning, I think they can easily collect more than 50 million.
SOMA has great perspective, perhaps this undervaluation is caused by the current instability with bitcoin

[the_donald]

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.

Haven't even know that they are already at around 5,000,000$. Better for everyone if they reach enough to build this platform and really shows the interest in this project.

they need more marketing in my opinion. more coverage and banners on specialist websites.

yes, much more from everything. ico bench rating and so on, more blogs, more videos, more sexy girls ...

but raising 5m dollar so far isnt bad either ><

Of course, 5 million dollars is not a small amount of money, this is big amount of money with a project does not have much hype as SOMA. Although if you compare that amount to other large projects, you will know it is worse than those projects.

5 million is just the beginning, I think they can easily collect more than 50 million.
SOMA has great perspective, perhaps this undervaluation is caused by the current instability with bitcoin

The can raise more if only they promoted themselves more. the investors have to do this as well. joint effort.

[stasyk411]

About those angel investors. Here is some proof:

This comes from Jukka Hilmola (Co-Founder of SOMA) on Telegram

We managed to raise funding on very early stage with 1,5M valuation from Finnish angel investors, which is a quite remarkable achievement taking into account the phase we were back then. Soma also had a minor pre-sale with a very limited publicity, mainly to have a proof of concept in the ICO markets.

We have closed two funding rounds from Finnish angel investors before our ICO. With this capital, we were able to deliver our iOS-application for testing, and very soon we are releasing a new updated version of it. This new version will include core features that are crucial for a C2C-platform. Blockchain related features are designed to be released on our MVP according to our roadmap.

We decided not include soft cap as we were already backed up by angel investments before the ICO round and ICO is a complementary round to develop our software further.

So they have Finnish angel investors and a minor pre-sale. Users in the chat are talking about a total of 6M USD but this is not confirmed by devs.
Hope this info is proof

This is very good news, I want the project to live! I do not think that it takes a lot of money for this project! The main thing is that the product is a working one! Investors will come to you for coins.

[Rigorous]

About those angel investors. Here is some proof:

This comes from Jukka Hilmola (Co-Founder of SOMA) on Telegram

We managed to raise funding on very early stage with 1,5M valuation from Finnish angel investors, which is a quite remarkable achievement taking into account the phase we were back then. Soma also had a minor pre-sale with a very limited publicity, mainly to have a proof of concept in the ICO markets.

We have closed two funding rounds from Finnish angel investors before our ICO. With this capital, we were able to deliver our iOS-application for testing, and very soon we are releasing a new updated version of it. This new version will include core features that are crucial for a C2C-platform. Blockchain related features are designed to be released on our MVP according to our roadmap.

We decided not include soft cap as we were already backed up by angel investments before the ICO round and ICO is a complementary round to develop our software further.

So they have Finnish angel investors and a minor pre-sale. Users in the chat are talking about a total of 6M USD but this is not confirmed by devs.
Hope this info is proof

still, would be nice to see those names of the angel/initial investor, since 1.5m investment is not a investment of a tiny unnamed fish ><"

I agree with you. If there are big fish then every person involved should know about them.

I think angel investors prefer to stay anonymous.  Do they have an obligation to have their names in the open just because they invested a large sum?

[sockpuppet1911]

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.

Truth to be told, advisors don't owe anyone anything, and they can dump it all when ever they want, they are just offered basically free money for some thoughts and publicity.

[haxllega]

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.

Haven't even know that they are already at around 5,000,000$. Better for everyone if they reach enough to build this platform and really shows the interest in this project.

they need more marketing in my opinion. more coverage and banners on specialist websites.

yes, much more from everything. ico bench rating and so on, more blogs, more videos, more sexy girls ...

but raising 5m dollar so far isnt bad either ><

Of course, 5 million dollars is not a small amount of money, this is big amount of money with a project does not have much hype as SOMA. Although if you compare that amount to other large projects, you will know it is worse than those projects.

5 million is just the beginning, I think they can easily collect more than 50 million.
SOMA has great perspective, perhaps this undervaluation is caused by the current instability with bitcoin

The can raise more if only they promoted themselves more. the investors have to do this as well. joint effort.

For such projects it's always most important to have a big community of people who will use the platform.

[Trrrt]

Yes 5 million is a big amount, and I also think that the project will raise more money. People understand that soma will have a lot of user. And the alpha of the platform is really enjoyed by users, its a good argument for investors.

[Rigorous]

If I am not incorrect, raising funds with $1.5 million valuation does not mean Soma actually received $1.5 million. They could have invested $300,000 in return for 20% ownership, expecting the company to be worth $1.5 million eventually.