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Mystic90
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October 15, 2017, 12:14:32 PM |
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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. Cryptocurrency is not a regulated market though, so there is no rules about trading on nonpublic information. And we dont know if angel investors are doing this. So no need to worry about a hypothetical edge an angel investor could have in this market |
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helloal
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October 15, 2017, 12:31:28 PM |
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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)
Has anyone managed to get an answer to this? (about where they will get revenue from). It is quite an important piece of information. I hope that they will not sell people's browsing/purchase history to marketing companies... |
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levyashin
Sr. Member
 Offline
Activity: 980
Merit: 276
$CYBERCASH METAVERSE
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October 15, 2017, 12:38:27 PM |
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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)
Has anyone managed to get an answer to this? (about where they will get revenue from). It is quite an important piece of information. I hope that they will not sell people's browsing/purchase history to marketing companies... Unfortunately dev team is not here for some time. Maybe if you try telegram for this kind of issues. I heard they are active in there. |
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Trrrt
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October 15, 2017, 01:45:20 PM |
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Just wait a bit the team will answer all the question, I always see answer, the team is really active and handle the communication very well. That’s one of the reason of the sucess of the token sale I think, investors always like a communicative team.
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Mystic90
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October 15, 2017, 01:48:58 PM |
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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  Advisers are also good to prevent mistakes. They have experience often in buseniss and crypto. Makes can be avoided with an experienced person looking over your shoulder. |
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magisterr
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October 15, 2017, 01:52:15 PM |
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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. They sell around 6.5 mln tokens.. with price 450 Soma tokens for 1 ETH... So, they raised about 14k ETH |
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viljy
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October 15, 2017, 02:56:47 PM |
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There is one more interesting point. When selling products all social platform SOMA will consist of how-to local social networks, grouped by place of residence of the participants (for example, in certain states)? This is due to the fact that many purchases will be difficult or even impossible to deliver from some places to others. For example, in Russia. I strongly doubt that this platform will work here. Unfortunately.
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Rigorous
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October 15, 2017, 02:59:44 PM |
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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)
That is one of the things I fear. They may be hiding their 'good business model' because it would not sit well with their target demographic. Which I assume are idealistic but naive hipsters. |
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toolucky98
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October 15, 2017, 03:13:02 PM |
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Just wait a bit the team will answer all the question, I always see answer, the team is really active and handle the communication very well. That’s one of the reason of the sucess of the token sale I think, investors always like a communicative team.
Not really active. Name: SomaCommunity Last Active: October 11, 2017, 04:00:57 PM |
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kursigoyang
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October 15, 2017, 03:15:57 PM |
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Just wait a bit the team will answer all the question, I always see answer, the team is really active and handle the communication very well. That’s one of the reason of the sucess of the token sale I think, investors always like a communicative team.
I strongly agree with you the team of the project will be responsible and the project will be successfull maybe now the team from the developer is still busy with the investors |
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matjas
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October 15, 2017, 03:21:45 PM |
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There is one more interesting point. When selling products all social platform SOMA will consist of how-to local social networks, grouped by place of residence of the participants (for example, in certain states)? This is due to the fact that many purchases will be difficult or even impossible to deliver from some places to others. For example, in Russia. I strongly doubt that this platform will work here. Unfortunately.
Good point. Probably for bigger purchases there will be some distance limit, or people will just set filters. It will also depend on sellers, i think. If somebody is willing to buy your stuff even if it's big and pay for delivery, then why not. |
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haxllega
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October 15, 2017, 03:26:34 PM |
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Just wait a bit the team will answer all the question, I always see answer, the team is really active and handle the communication very well. That’s one of the reason of the sucess of the token sale I think, investors always like a communicative team.
Not really active. Name: SomaCommunity Last Active: October 11, 2017, 04:00:57 PM I would appreciate a more active community manager here on bitcointalk. He lacks a little bit of answering questions. |
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FIEX
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October 15, 2017, 04:02:17 PM |
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Just wait a bit the team will answer all the question, I always see answer, the team is really active and handle the communication very well. That’s one of the reason of the sucess of the token sale I think, investors always like a communicative team.
Not really active. Name: SomaCommunity Last Active: October 11, 2017, 04:00:57 PM I would appreciate a more active community manager here on bitcointalk. He lacks a little bit of answering questions. They are very active on there Telegram channel. So if you have questions, that are really important and you really want to know, join there Telegram channel: https://t.me/SomaCommunity |
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niklasmato
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October 15, 2017, 04:24:28 PM |
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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.
Well I do think they know more. They invest big amounts of money into a project that is really a hit or miss. On the other hand, there is already a decent alpha which shows the possibilities of the project. I only think Soma will need some marketing to get the app distributed so it will become a success. |
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Jay2408
Full Member
Offline
Activity: 518
Merit: 101
🚀🚀 ATHERO.IO 🚀🚀
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October 15, 2017, 04:34:43 PM |
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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.
Well I do think they know more. They invest big amounts of money into a project that is really a hit or miss. On the other hand, there is already a decent alpha which shows the possibilities of the project. I only think Soma will need some marketing to get the app distributed so it will become a success. I can't imagine that these angel investors invested 1.5M$ just on the basis of SOMA whitepaper and the alpha version. I think they got a business plan, financial projections, etc. |
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Piggy
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October 15, 2017, 04:54:17 PM |
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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.
Well I do think they know more. They invest big amounts of money into a project that is really a hit or miss. On the other hand, there is already a decent alpha which shows the possibilities of the project. I only think Soma will need some marketing to get the app distributed so it will become a success. I can't imagine that these angel investors invested 1.5M$ just on the basis of SOMA whitepaper and the alpha version. I think they got a business plan, financial projections, etc. People investing large amount of money, do it because they know they will get some return, they are not really angel |
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haxllega
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October 15, 2017, 04:57:03 PM |
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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.
Well I do think they know more. They invest big amounts of money into a project that is really a hit or miss. On the other hand, there is already a decent alpha which shows the possibilities of the project. I only think Soma will need some marketing to get the app distributed so it will become a success. I can't imagine that these angel investors invested 1.5M$ just on the basis of SOMA whitepaper and the alpha version. I think they got a business plan, financial projections, etc. I am sure they also spoke to them personally and got more info than us. You don't invest those large amounts if you are not sure that a project has the potential to be a huge success. |
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GrandBcn
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October 15, 2017, 05:04:04 PM |
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Another blessings and opportunity to be part of this ICO. Keep it up, every hard work deserves positive result. This is amazing... Good luck
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Elkmar
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October 15, 2017, 05:23:07 PM |
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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)
I would be interested to know about this too. |
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the_donald
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October 15, 2017, 06:12:19 PM |
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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.
Well I do think they know more. They invest big amounts of money into a project that is really a hit or miss. On the other hand, there is already a decent alpha which shows the possibilities of the project. I only think Soma will need some marketing to get the app distributed so it will become a success. I can't imagine that these angel investors invested 1.5M$ just on the basis of SOMA whitepaper and the alpha version. I think they got a business plan, financial projections, etc. People investing large amount of money, do it because they know they will get some return, they are not really angel It's just a name for investors that are willing to back a project in a big way. 1,5mil is a good amount , but the project needs more, so hopefully, the amount will increase by the end of the ICO. |
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