[ANN][ICO] SOMA - The Social Marketplace

[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.

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.

You're wrong my friend, advisors invest their time and knowledge to help this project. I'm sure that they won't dump tokens just after listing them on exchange  

I think it's up to in which project they are involved. If they see a great future for one project they will probably hold the tokens. If they think there will be no growth for a longer time, I could imagen that even advisors dump coins to get nice money out of it.

Its really a waste of time if they make the decision after they join the team.
They should have decide it before they join the team, because why would they join the team if they didnt want to support the project? Too much effort if they just want to dump the coin/token.

Advisors are smart people - if they want to make some nice money of project they want to hold tokens and wait for price appreciation

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[FIEX]

What soft cap they have? I see only hard cap requiments on their site..

They dont have a soft cap because it was already raised before the start of the ICO.

This comes from the co-founder of Soma:
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.

[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.

You're wrong my friend, advisors invest their time and knowledge to help this project. I'm sure that they won't dump tokens just after listing them on exchange  

I think it's up to in which project they are involved. If they see a great future for one project they will probably hold the tokens. If they think there will be no growth for a longer time, I could imagen that even advisors dump coins to get nice money out of it.

Its really a waste of time if they make the decision after they join the team.
They should have decide it before they join the team, because why would they join the team if they didnt want to support the project? Too much effort if they just want to dump the coin/token.

Advisors are smart people - if they want to make some nice money of project they want to hold tokens and wait for price appreciation

Still, i wouldn't give too much weight for advisors impact on future of any coin and i don't care if they dump or not. I am counting on developers, and they seem solid enough.

[kraterion]

What soft cap they have? I see only hard cap requiments on their site..

They dont have a soft cap because it was already raised before the start of the ICO.

This comes from the co-founder of Soma:
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.

They raised plenty of moneys to start developing I guess, around $5,000,000 is not a joke and they already deployed an alpha app

[SEELE^^01]

how many ETH raised so far? when ICO end?

If I am not mistaken they raised about 14282.413333 ETH so far into ICO,

and the ICO will end in about 11 days.

nearly 5 million dollar /hmmmm

how much do they need for hard cap?

maybe they will hit 10m but now it is a bad time for icos >< how bout extending it?

[haxllega]

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.

I don't think that the project will raise a lot of money on the ICO, and this is good for investors, in the future the price may rise strongly on the exchanges.

The more popular an ICO is, the more dumped it is the moment it fits exchanges, so for me, Soma is enough popular to at least reach the soft cap, in that way, it will have a low supply, and it will be pump eventually, reaching high value .

I'm not sure that people (investors) will dump coins at listing. Maybe bounty hunters will do it, but it's small volume and value will stabilize quickly

dude, normally if you buy a pre sale ico coin/token as a investor, you buy a lot, dump it, when the price ico price is above the presale, on the exchange, to buy back cheap, when the bounty hunters make a dump. afterwards it will rise back

Well, it does not always happen, it all depends on the good news and how fast the project team works -
 in good projects, price of token steadily growing. I think with SOMA will be so

Mostly it depends on the hard cap. If it's to high it's always the same that tokens get dumped. That's why a hard cap is so important for ICO participants.

[Yasemin]

I still wonder if those angel investors have more information than we do about Soma's business model, or if it is just a speculative play on a potential crypto-eBay.

I think its very likely that angel investors are being rewarded with more information about the project/business model. I dont see any harm in that

[Mystic90]

What soft cap they have? I see only hard cap requiments on their site..

They dont have a soft cap because it was already raised before the start of the ICO.

This comes from the co-founder of Soma:
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.

They raised plenty of moneys to start developing I guess, around $5,000,000 is not a joke and they already deployed an alpha app

5m can pay a lot of developers to get to work for sure! I am curious though, with all these ICO's out there. How many crypto developers are there in the world?

[kraterion]

What soft cap they have? I see only hard cap requiments on their site..

They dont have a soft cap because it was already raised before the start of the ICO.

This comes from the co-founder of Soma:
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.

They raised plenty of moneys to start developing I guess, around $5,000,000 is not a joke and they already deployed an alpha app

5m can pay a lot of developers to get to work for sure! I am curious though, with all these ICO's out there. How many crypto developers are there in the world?

If you look at their team page, there are already a lot of developers (seem talented one), I'm not so sure thet they need more devs

[ParRus]

What soft cap they have? I see only hard cap requiments on their site..

They dont have a soft cap because it was already raised before the start of the ICO.

This comes from the co-founder of Soma:
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.

They raised plenty of moneys to start developing I guess, around $5,000,000 is not a joke and they already deployed an alpha app

5m can pay a lot of developers to get to work for sure! I am curious though, with all these ICO's out there. How many crypto developers are there in the world?

If you look at their team page, there are already a lot of developers (seem talented one), I'm not so sure thet they need more devs

I agree, SOMA team works perfectly, the promised ones are completed - alpha is ready, soft cap was achieved. everything seems to be going right, I think they will undoubtedly be successful

[levyashin]

What soft cap they have? I see only hard cap requiments on their site..

They dont have a soft cap because it was already raised before the start of the ICO.

This comes from the co-founder of Soma:
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.

They raised plenty of moneys to start developing I guess, around $5,000,000 is not a joke and they already deployed an alpha app

5m can pay a lot of developers to get to work for sure! I am curious though, with all these ICO's out there. How many crypto developers are there in the world?

If you look at their team page, there are already a lot of developers (seem talented one), I'm not so sure thet they need more devs

I think they just need one more to make communication with here.

Still, ico is going well so maybe they don't need it after all.

[Elkmar]

I still wonder if those angel investors have more information than we do about Soma's business model, or if it is just a speculative play on a potential crypto-eBay.

I think its very likely that angel investors are being rewarded with more information about the project/business model. I dont see any harm in that

That would be normal, and it's like this in every projects.

When you have a big investors, he has the right to know more than the others since it's thanks to him that the project succeeds.

[Rigorous]

I still wonder if those angel investors have more information than we do about Soma's business model, or if it is just a speculative play on a potential crypto-eBay.

I think its very likely that angel investors are being rewarded with more information about the project/business model. I dont see any harm in that

You don't? In some countries trading based on nonpublic information about the company is illegal. In practice insider trading in respect to IPOs is uncommon because the potential gain is low as the company is not trading yet and the IPO price is known publicly. However I see that for example India has identified a window for mischief after the drafting of the prospectus but before the listing date and is planning to regulate it. During that window price-sensitive information can be made available to insiders. With respect to Soma it is the promise of a 'good business model' that is never detailed in the whitepaper. Either this good business model is indeed very good, but then why bother hiding that information from the public?, or there is no business model at all, meaning it is an opportunity for the angel investors to sell coins acquired at a discount at the higher ICO price.

[Yasemin]

What soft cap they have? I see only hard cap requiments on their site..

They dont have a soft cap because it was already raised before the start of the ICO.

This comes from the co-founder of Soma:
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.

They raised plenty of moneys to start developing I guess, around $5,000,000 is not a joke and they already deployed an alpha app

5m can pay a lot of developers to get to work for sure! I am curious though, with all these ICO's out there. How many crypto developers are there in the world?

Not many, i know there is a high demand for developers in the crypto world right now.

[wareen]

What soft cap they have? I see only hard cap requiments on their site..

They dont have a soft cap because it was already raised before the start of the ICO.

This comes from the co-founder of Soma:
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.

They raised plenty of moneys to start developing I guess, around $5,000,000 is not a joke and they already deployed an alpha app

5m can pay a lot of developers to get to work for sure! I am curious though, with all these ICO's out there. How many crypto developers are there in the world?

If you look at their team page, there are already a lot of developers (seem talented one), I'm not so sure thet they need more devs

I agree, SOMA team works perfectly, the promised ones are completed - alpha is ready, soft cap was achieved. everything seems to be going right, I think they will undoubtedly be successful

Success or failure of SOMA ICO still depends on the future and the community want to support this project for long time or not! A good project never increases its token value soon, it will increase slowly and till complete its product as the roadmap.

[magisterr]

What soft cap they have? I see only hard cap requiments on their site..

They dont have a soft cap because it was already raised before the start of the ICO.

This comes from the co-founder of Soma:
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.

Thank you. How mush this angels investors inveted in this project?
Where i can see this amount?

[the_donald]

What soft cap they have? I see only hard cap requiments on their site..

They dont have a soft cap because it was already raised before the start of the ICO.

This comes from the co-founder of Soma:
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.

They raised plenty of moneys to start developing I guess, around $5,000,000 is not a joke and they already deployed an alpha app

5m can pay a lot of developers to get to work for sure! I am curious though, with all these ICO's out there. How many crypto developers are there in the world?

Not many, i know there is a high demand for developers in the crypto world right now.

an app like this doesn't necessarily need crypto dev's. those are required , but not in large amount. traditional dev's will do the job.

[toolucky98]

I still wonder if those angel investors have more information than we do about Soma's business model, or if it is just a speculative play on a potential crypto-eBay.

I think its very likely that angel investors are being rewarded with more information about the project/business model. I dont see any harm in that

You don't? In some countries trading based on nonpublic information about the company is illegal. In practice insider trading in respect to IPOs is uncommon because the potential gain is low as the company is not trading yet and the IPO price is known publicly. However I see that for example India has identified a window for mischief after the drafting of the prospectus but before the listing date and is planning to regulate it. During that window price-sensitive information can be made available to insiders. With respect to Soma it is the promise of a 'good business model' that is never detailed in the whitepaper. Either this good business model is indeed very good, but then why bother hiding that information from the public?, or there is no business model at all, meaning it is an opportunity for the angel investors to sell coins acquired at a discount at the higher ICO price.

It seems like the dev isnt active at all in this forum, have you tried to ask them in telegram / slack?

[cantdecide]

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.

You're wrong my friend, advisors invest their time and knowledge to help this project. I'm sure that they won't dump tokens just after listing them on exchange  

I think it's up to in which project they are involved. If they see a great future for one project they will probably hold the tokens. If they think there will be no growth for a longer time, I could imagen that even advisors dump coins to get nice money out of it.

Its really a waste of time if they make the decision after they join the team.
They should have decide it before they join the team, because why would they join the team if they didnt want to support the project? Too much effort if they just want to dump the coin/token.

Advisors are smart people - if they want to make some nice money of project they want to hold tokens and wait for price appreciation

Sure they are smart people, and that's the point. Of course they want to make money, you don't believe they would work for free, right?
Also there is a possibility that a project looks good and interesting before, but it develops in a totally different way. I am pretty sure that they, if they see the need, also would sell instead of holding. But who I am, I am not an advisor 

[kraterion]

About their revenue, maybe they will add ads to the mobile platform? Maybe some paid service like ebay to list your goods on top of the others ? (But this against the SOMA's idea, if your product is listed on top of the others there's not point to seek people's help to push it. So there's no need for that)