[ANN][ICO] SOMA - The Social Marketplace

[matjas]

Well, I think trading tokens can be done right after the ICO. For some reason it seems to me that at first prices may drop relative to the ICO?

I dont agree. If SOMA didnt raise much, i think the investors in now really believe in the project and are more likely to HODL.

I also think that this project deserves attention and tokens will be kept by holders for a long time. I will definitely keep it.

There is no Shame in being a HODLer. If you look at CMC 3 years ago, the best strategy would have been buy BTC and HODL! No reason Soma cannot do the same (not saying it will reach 5k$)

it will never reach 5k, but there is a good chance for a good ROI.

But ROI also depends on the price after the ICO. If it goes down, ROI won't be good either.

imo hodling soma is a good idea not just due to tha partnership with utrust

I think long-term investors generally get better results. It's important not to sell immediately when you see the price going down a little.
Soma is a great project, it's worth holding

[1714663097]

1714663097

[1714663097]

1714663097

[1714663097]

1714663097

[tiger5056]

what if SOMA do not reach hard cap? i know they have raised enough to start project but wondering what they will cut from road map to keep going? would you consider additional ICO fo fund raising if project demand?

[matjas]

what if SOMA do not reach hard cap? i know they have raised enough to start project but wondering what they will cut from road map to keep going? would you consider additional ICO fo fund raising if project demand?

Don't think they will cut anything from the roadmap, there's not much to cut. Hard cap is an absolute maximum, they don't have to reach it, but they should have enough to keep going. Depends how much they'll be missing...

[fajarkus12]

Well, I think trading tokens can be done right after the ICO. For some reason it seems to me that at first prices may drop relative to the ICO?

I dont agree. If SOMA didnt raise much, i think the investors in now really believe in the project and are more likely to HODL.

I also think that this project deserves attention and tokens will be kept by holders for a long time. I will definitely keep it.

There is no Shame in being a HODLer. If you look at CMC 3 years ago, the best strategy would have been buy BTC and HODL! No reason Soma cannot do the same (not saying it will reach 5k$)

it will never reach 5k, but there is a good chance for a good ROI.

But ROI also depends on the price after the ICO. If it goes down, ROI won't be good either.

imo hodling soma is a good idea not just due to tha partnership with utrust

I think long-term investors generally get better results. It's important not to sell immediately when you see the price going down a little.
Soma is a great project, it's worth holding

Usually only bounty hunter will sell their coin to get short profit and only investors will hold this coin for long  term. They will not sell their coin until get 10 times profit  

[Jay2408]

what if SOMA do not reach hard cap? i know they have raised enough to start project but wondering what they will cut from road map to keep going? would you consider additional ICO fo fund raising if project demand?

As described in their whitepaper they want to use each 15k ETH for a marketing campaign into another region, so I think they will adjust/reduce their expansion plans for the time being.

[bit247]

looking for more details about SOMA project?
What are the difference between SOMA and OpenBazar

As far as my understanding openbazar already have a working platform that even work offline

[cmg12]

what if SOMA do not reach hard cap? i know they have raised enough to start project but wondering what they will cut from road map to keep going? would you consider additional ICO fo fund raising if project demand?

As described in their whitepaper they want to use each 15k ETH for a marketing campaign into another region, so I think they will adjust/reduce their expansion plans for the time being.

They can also adjust their budget for marketing purposes. Anyway I'm sure that soma developers know what they are doing

[TooDumbForBitcoin]

SOMA distributed 8162211 SCT /450 = 18,138 ETH which is around 5,4 million USD
Only 10 hours left for the end of token sale.
I would say that is a pretty good amount of money!

I think the correct calculation must be given without 6M SCT reserved for growth (not sold)
 8162211 - 6000000 SCT /450 = ~4,805 ETH

Thank you for this correction. I didn't know that reserved tokens were included in the ''Total tokens distributed'', isn't this a bit misleading? Or is this something that all ICO's do?

On token sale page is stated as "Total tokens distributed" so it's not misleading.

SOMA distributed 8162211 SCT /450 = 18,138 ETH which is around 5,4 million USD
Only 10 hours left for the end of token sale.
I would say that is a pretty good amount of money!

I think the correct calculation must be given without 6M SCT reserved for growth (not sold)
 8162211 - 6000000 SCT /450 = ~4,805 ETH

it is still quite much money for a plattform dont you think?

Should be enough if they won't go rest on resorts

[Sozialtourist]

what if SOMA do not reach hard cap? i know they have raised enough to start project but wondering what they will cut from road map to keep going? would you consider additional ICO fo fund raising if project demand?

As described in their whitepaper they want to use each 15k ETH for a marketing campaign into another region, so I think they will adjust/reduce their expansion plans for the time being.

They can also adjust their budget for marketing purposes. Anyway I'm sure that soma developers know what they are doing

So with the ~4 800 ETH they raised, they can launch a marketing campaign into 3 different geographic locations (1.5k ETH for one region). Does anyone know where they intend to focus at the beginning in that matter?

[alphashotgun]

what if SOMA do not reach hard cap? i know they have raised enough to start project but wondering what they will cut from road map to keep going? would you consider additional ICO fo fund raising if project demand?

thats a interesting question. maybe they dont cut a thing but cut a little off every thing

[cantdecide]

what if SOMA do not reach hard cap? i know they have raised enough to start project but wondering what they will cut from road map to keep going? would you consider additional ICO fo fund raising if project demand?

As described in their whitepaper they want to use each 15k ETH for a marketing campaign into another region, so I think they will adjust/reduce their expansion plans for the time being.

They can also adjust their budget for marketing purposes. Anyway I'm sure that soma developers know what they are doing

So with the ~4 800 ETH they raised, they can launch a marketing campaign into 3 different geographic locations (1.5k ETH for one region). Does anyone know where they intend to focus at the beginning in that matter?

Sorry, but haven't they raised moret then 10,000 ETH? 1 ETH is 450 coins, sold currently 8,177,341 tokens, or have I forgotten something?

[Sozialtourist]

what if SOMA do not reach hard cap? i know they have raised enough to start project but wondering what they will cut from road map to keep going? would you consider additional ICO fo fund raising if project demand?

As described in their whitepaper they want to use each 15k ETH for a marketing campaign into another region, so I think they will adjust/reduce their expansion plans for the time being.

They can also adjust their budget for marketing purposes. Anyway I'm sure that soma developers know what they are doing

So with the ~4 800 ETH they raised, they can launch a marketing campaign into 3 different geographic locations (1.5k ETH for one region). Does anyone know where they intend to focus at the beginning in that matter?

Sorry, but haven't they raised moret then 10,000 ETH? 1 ETH is 450 coins, sold currently 8,177,341 tokens, or have I forgotten something?

The total of  8162211 tokens distributed seem to include 6 million tokens that are reserved for growth (not sold).

[levyashin]

what if SOMA do not reach hard cap? i know they have raised enough to start project but wondering what they will cut from road map to keep going? would you consider additional ICO fo fund raising if project demand?

As described in their whitepaper they want to use each 15k ETH for a marketing campaign into another region, so I think they will adjust/reduce their expansion plans for the time being.

They can also adjust their budget for marketing purposes. Anyway I'm sure that soma developers know what they are doing

So with the ~4 800 ETH they raised, they can launch a marketing campaign into 3 different geographic locations (1.5k ETH for one region). Does anyone know where they intend to focus at the beginning in that matter?

Sorry, but haven't they raised moret then 10,000 ETH? 1 ETH is 450 coins, sold currently 8,177,341 tokens, or have I forgotten something?

There is a math up there.

It says they are reserving 6 million so they only sold 2.117.341. Which concludes 4800 eth.

He can be right but also Soma team may choose to not include their reserved amount in there.

[partitura]

I checked the spreadsheets: Zero steaks in the Twitter, Zero steaks in the Facebook! Twitter it is clear in the line with twitter audit was mistakenly set my Twitter url, but the Manager probably had a goal not to count the stakes and for any reason to reduce the amount of people with the paid of work and shamelessly putted zero, instead of correct it or simply check it.
https://twitter.com/_Twittarka_
https://www.twitteraudit.com/_Twittarka_
With my Facebook he went on, put the zero calling me a fake!
 I have one Facebook!  I have one bitcointalk account! Twitter - one!
I honestly did work on the social bounty of Soma. Please figure out all and calculate my steaks!

[coin163]

They extended 20 days more without announcement

[Tramirostronix]

Why countdown say 20 days before end of ico ?

[ELE.ZYK]

They extended 20 days more without announcement

SOMA project will go on ICO in next 20 days,actually i didnt see official announcement.

[SomaCommunity]

Soma ICO Extended until 15th of November Due to Big New Developments

Soma had major updates in the last week that significantly strengthen the value of our offering to potential buyers. After consulting with our advisors, we decided to extend our ICO.

SCT Now Listed On Exchanges

SCT is now listed on exchanges, such as Yobit and Etherdelta and we are in the final stages of negotiating more. Availability on exchanges is critical for everyone participating in ICOs. Extending the sale an additional 2,5 weeks will allow us to finalize more exchanges, providing additional confidence for our contributors.

New Advisors and Marketing Team

A major part of why we did the ICO was to hire a new team. We are pleased to share three new advisors who will lead our marketing.

David Passiak is the former Head of Innovation for dubizzle, the largest P2P marketplace in the Middle East where our advisor Arto Joensuu served as CEO. Arto introduced us to David, and David brought in his team of Chelsea Rustrum and Riku Luukkonen.

David and Chelsea hosted a webinar for us this past week - check out the recording - and we negotiated for them to lead our marketing moving forward. They are three of the top marketers in the world and experts in blockchain and social marketplaces.

Increased Traction and Detailed Roadmap

Our new marketing leads had a major impact in just one week. Our Telegram group grew by 400 people, we increased weekly sales transactions by 350% and website visits by 20%, and received some great media coverage including an article on Soma in Forbes

Soma have an excellent alpha product for Ios that you can test here, detailed roadmap, and with our new marketing team a solid plan on how to execute the beta launch in Q1 2018. We would love the opportunity to tell you more next week in a webinar.

David Passiak will interview our founders, followed by a live Q&A. Learn our story, vision, product roadmap. We will follow-up with an invitation to the webinar.

More Big News Coming Soon

We hope you understand the reasons why we extended the sale and look forward to answering any questions next week in our webinar. Thanks for your continued support and being with us on our journey to revolutionize how we buy and sell items.

With gratitude,
The Soma Team

[Partizant]

Such a change an hour before the end of ICO?
You should have posted this information much earlier.
Now it looks like a joke.

[coin163]

Why countdown say 20 days before end of ico ?

Yep, it's not countdown problem. They extended it.