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Author Topic: [ANN][ICO] SOMA - The Social Marketplace  (Read 92772 times)
sockpuppet1911
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November 10, 2017, 12:25:58 PM
 #3001

is there any other currency allowed to purchase on SOMA platform?

You will be able to pay with the Soma token as well, other will come later

I'm sure you'll be able to pay with Bitcoin and ETH

Most likely you can pay with Utrust, which plans to accept multiple crypto currencies. Isnt that what their partnership is all about?

Yep, but uTrust is only for future integration. They now on early development stage. Maybe ShapeShift will be solution fot this

That is true, many crypto payments would be happy to be used on SOMA. Dash actively looks for more merchants that accept DASH, so Soma team get in contact with DASH!

I don't think that this will be an issue if they use Utrust payment system, with that they can accept most used currencies anyway.
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helloal
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November 10, 2017, 12:29:41 PM
 #3002


SOMA token sales ends in 5 days, I wonder what they will do if the sales will not increase. Another extension of the ICO ?

I would prefer if they end it at the end of the 5 days. Although they didn't reach their full sale target, there is still (will be) a fairly sizable amount of funds to work with.

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November 10, 2017, 12:44:29 PM
 #3003

I cannot see the total token distributed so far at the token sale page. https://soma.co/token-sale/

I also searched for it some days ago and didn't find it first. But here you can find the number of sold tokens.

https://soma.co/ico1/

8196347 tokens sold. hasn't increased much since the extension was announced.

I hope the team will find a way to make the ICO moves.
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November 10, 2017, 12:46:08 PM
 #3004


SOMA token sales ends in 5 days, I wonder what they will do if the sales will not increase. Another extension of the ICO ?

If renew the ICO again, it will be suspicious. They already have enough money to start the network in one locality or even several.
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November 10, 2017, 12:56:06 PM
 #3005


SOMA token sales ends in 5 days, I wonder what they will do if the sales will not increase. Another extension of the ICO ?

If renew the ICO again, it will be suspicious. They already have enough money to start the network in one locality or even several.
81 mil SCT sold, hopefully enough to kickstart project. SCT dev is active in community and lets hope they raise enough for project

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November 10, 2017, 01:16:10 PM
 #3006


SOMA token sales ends in 5 days, I wonder what they will do if the sales will not increase. Another extension of the ICO ?

if they want to extend the ico then they have to announced it now and not on the last day of the extended ico sale Smiley

would hurt the trust to soma otherwise.
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November 10, 2017, 01:22:14 PM
 #3007


SOMA token sales ends in 5 days, I wonder what they will do if the sales will not increase. Another extension of the ICO ?

i hope they will not extend ICO again. Its useless. People, who wanted, already invested. Now time to developing and exchanges
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November 10, 2017, 01:25:39 PM
 #3008


SOMA token sales ends in 5 days, I wonder what they will do if the sales will not increase. Another extension of the ICO ?

If renew the ICO again, it will be suspicious. They already have enough money to start the network in one locality or even several.

Yes, I also think they've already collected a decent amount to start. Besides, the current extension hasn't brought the expected results, a further extension probably wouldn't change anything.

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November 10, 2017, 01:28:59 PM
 #3009

I dont think they will extend the period again, the soma team extend the ico period the first time cause the market was à it hard during end October and early November, but they already reached the soft cap. So they don’t have to extend again the project has enough fund to go on and its great !
matjas
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November 10, 2017, 01:43:32 PM
 #3010

I dont think they will extend the period again, the soma team extend the ico period the first time cause the market was à it hard during end October and early November, but they already reached the soft cap. So they don’t have to extend again the project has enough fund to go on and its great !

Nowadays market situation is pretty complicated and cryptoworld is quite unpredictable itself, so they would have to do with the amount they raised. Which I also think is ok for now. Extending the ICO again would only raise more questions and doubt and we don't need this, since majority of negative events are perceived as scams.

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November 10, 2017, 01:47:44 PM
 #3011

I dont think they will extend the period again, the soma team extend the ico period the first time cause the market was à it hard during end October and early November, but they already reached the soft cap. So they don’t have to extend again the project has enough fund to go on and its great !
many will hope so. because many are immediately eager to get something out of this project. I think that is one of the successes of this project
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November 10, 2017, 01:48:16 PM
 #3012


SOMA token sales ends in 5 days, I wonder what they will do if the sales will not increase. Another extension of the ICO ?

If renew the ICO again, it will be suspicious. They already have enough money to start the network in one locality or even several.

Yes, I also think they've already collected a decent amount to start. Besides, the current extension hasn't brought the expected results, a further extension probably wouldn't change anything.

I hope I remember correctly but I think they said they will not again extend the ICO. So no worries about that.

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November 10, 2017, 02:06:32 PM
 #3013


SOMA token sales ends in 5 days, I wonder what they will do if the sales will not increase. Another extension of the ICO ?

If renew the ICO again, it will be suspicious. They already have enough money to start the network in one locality or even several.

Yes, I also think they've already collected a decent amount to start. Besides, the current extension hasn't brought the expected results, a further extension probably wouldn't change anything.

I hope I remember correctly but I think they said they will not again extend the ICO. So no worries about that.

I heard in telegram also @fiex wrote in here some pages before. One extension is enough i think also.

germsite
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November 10, 2017, 02:08:28 PM
 #3014


This is still completely confusing. Does anyone have a  reliable answer for me in regards to unsold tokens? Will the be burned or offered for sale after the ICO?

Even though we have now a new community manager, I will answer as I understood it, FIEX should correct me if I am wrong:

First of all, unsold tokens will be burned. But if the ICO won't reach the hard cap (which will most likely be the case) they will keep a 10% liquidity reserve out of the unsold token. From this reserve, they will offer SCT on their platform after the ICO.



Ok and that money flows into the development fund or what is the liquidity reserve supposed to be used for?

I think it will go toward the platform development/expansions as the fund they are now collecting, FIEX probably can give a more exhaustive answer.

This is what I hope because they will need a good amount of money to pay themselves and hired developers to finish the whole development. Only burning coins isn't always the most intelligent option.
martinholly167
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November 10, 2017, 02:32:15 PM
 #3015


This is still completely confusing. Does anyone have a  reliable answer for me in regards to unsold tokens? Will the be burned or offered for sale after the ICO?

Even though we have now a new community manager, I will answer as I understood it, FIEX should correct me if I am wrong:

First of all, unsold tokens will be burned. But if the ICO won't reach the hard cap (which will most likely be the case) they will keep a 10% liquidity reserve out of the unsold token. From this reserve, they will offer SCT on their platform after the ICO.



Ok and that money flows into the development fund or what is the liquidity reserve supposed to be used for?

I think it will go toward the platform development/expansions as the fund they are now collecting, FIEX probably can give a more exhaustive answer.

This is what I hope because they will need a good amount of money to pay themselves and hired developers to finish the whole development. Only burning coins isn't always the most intelligent option.
As far as i know, it will be reserved to their platform to be bought by people. Increase liquidity
levyashin
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November 10, 2017, 02:33:09 PM
 #3016


This is still completely confusing. Does anyone have a  reliable answer for me in regards to unsold tokens? Will the be burned or offered for sale after the ICO?

Even though we have now a new community manager, I will answer as I understood it, FIEX should correct me if I am wrong:

First of all, unsold tokens will be burned. But if the ICO won't reach the hard cap (which will most likely be the case) they will keep a 10% liquidity reserve out of the unsold token. From this reserve, they will offer SCT on their platform after the ICO.



Ok and that money flows into the development fund or what is the liquidity reserve supposed to be used for?

I think it will go toward the platform development/expansions as the fund they are now collecting, FIEX probably can give a more exhaustive answer.

This is what I hope because they will need a good amount of money to pay themselves and hired developers to finish the whole development. Only burning coins isn't always the most intelligent option.

It's the best for investors. If there is no demand for it, if you still keep them, investors will pay the price.


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November 10, 2017, 03:03:34 PM
 #3017

I dont think they will extend the period again, the soma team extend the ico period the first time cause the market was à it hard during end October and early November, but they already reached the soft cap. So they don’t have to extend again the project has enough fund to go on and its great !

Nowadays market situation is pretty complicated and cryptoworld is quite unpredictable itself, so they would have to do with the amount they raised. Which I also think is ok for now. Extending the ICO again would only raise more questions and doubt and we don't need this, since majority of negative events are perceived as scams.

The recent drop of bitcoin is not helping either I think. SOMA is very unlucky with the timing of the ICO. In another period, this kind of project would have sold a lot more

bitcoin-shark
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November 10, 2017, 03:26:49 PM
 #3018

i hoped that with the cancellation of fork sales/investment in soma token would have increased but now bitcoin is coming down, what can i say is an unlucky period for all ico...
FIEX
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November 10, 2017, 03:36:55 PM
 #3019


SOMA token sales ends in 5 days, I wonder what they will do if the sales will not increase. Another extension of the ICO ?

There isnt much news coming from SOMA these days. They are working hard on the Android app and web version but this will not be done before the end of the ICO. They hope to get them ready in December.

More updates will come.
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November 10, 2017, 03:42:27 PM
 #3020


SOMA token sales ends in 5 days, I wonder what they will do if the sales will not increase. Another extension of the ICO ?

There isnt much news coming from SOMA these days. They are working hard on the Android app and web version but this will not be done before the end of the ICO. They hope to get them ready in December.

More updates will come.


hopefully they won't give up. though they did plan the ICO poorly.

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