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Author Topic: [ANN][ICO] SOMA - The Social Marketplace  (Read 92772 times)
levyashin
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November 12, 2017, 05:19:57 PM
 #3201


Almost all the supply is in the hands of those angel investors, do you understand that if they won't sell SCT on their platform the liquidity is gonna be so low that a group can buy majority of tokens and start promoting only their products?

Exactly, that why I, for my part, hope  they will keep the 10% liquidity reserve. But they should make a decision now and announce it asap, the ICO is almost over.

Yes, they are already late for making their mind about this issue.

They should make an announcement asap.

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batako
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November 12, 2017, 05:22:18 PM
 #3202

Bounty campaign is very well organized. The number of tokens is also counted. I'm waiting for the transfer of the wallet.
I hope they will not wait too long to pay the bounties. Some projects wait too long in my opinion for example centra. They also lack communication.

that's probably to prevent the dumping of tokens on the market.
The distribution of the tokens must be well planned, otherwise the price will fall.
But well , i agree that the centra bounty distribution is too long.

Share the bounty rewards a week or two after the end of the token sale will be good I guess. So, there's no way for hunters to dump their tokens at the very beginning.
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November 12, 2017, 05:37:37 PM
 #3203

Bounty campaign is very well organized. The number of tokens is also counted. I'm waiting for the transfer of the wallet.
I hope they will not wait too long to pay the bounties. Some projects wait too long in my opinion for example centra. They also lack communication.

that's probably to prevent the dumping of tokens on the market.
The distribution of the tokens must be well planned, otherwise the price will fall.
But well , i agree that the centra bounty distribution is too long.

Share the bounty rewards a week or two after the end of the token sale will be good I guess. So, there's no way for hunters to dump their tokens at the very beginning.
and it's important not to pay the bounty at the same time. If they distribute the tokens over one week the dumps of weak hands will not be that big.

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November 12, 2017, 06:13:50 PM
 #3204

Still 3 days before the end of the token sale. The amount already raise is pretty good, and all unsold token will be burned, so its pretty good. Soma will go on and I think will take a great value, impatient to start using the apps !
Voltaje
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November 12, 2017, 06:32:12 PM
 #3205

Still 3 days before the end of the token sale. The amount already raise is pretty good, and all unsold token will be burned, so its pretty good. Soma will go on and I think will take a great value, impatient to start using the apps !

The burning will certainly help the value of the token the moment it goes live, and because SOMA is not so mainstream, but enough to finishes successfully, we could expect an increase of price when it hit exchanges.
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November 12, 2017, 07:17:17 PM
 #3206

Still 3 days before the end of the token sale. The amount already raise is pretty good, and all unsold token will be burned, so its pretty good. Soma will go on and I think will take a great value, impatient to start using the apps !

The burning will certainly help the value of the token the moment it goes live, and because SOMA is not so mainstream, but enough to finishes successfully, we could expect an increase of price when it hit exchanges.
burning does not greatly affect pricing, it all depends on the capitalization as well as the work done by the team. SOMA - promising project, I think their team will do everything possible to develop properly and achieve all goals
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November 12, 2017, 07:40:07 PM
 #3207

Still 3 days before the end of the token sale. The amount already raise is pretty good, and all unsold token will be burned, so its pretty good. Soma will go on and I think will take a great value, impatient to start using the apps !

The burning will certainly help the value of the token the moment it goes live, and because SOMA is not so mainstream, but enough to finishes successfully, we could expect an increase of price when it hit exchanges.
burning does not greatly affect pricing, it all depends on the capitalization as well as the work done by the team. SOMA - promising project, I think their team will do everything possible to develop properly and achieve all goals

pump and dump is real, if dev not really developing their program and not make a surprise, value of token will stay in line or dumped.
hope SOMA's dev really developing their program

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FIEX
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November 12, 2017, 07:42:56 PM
 #3208

Still 3 days before the end of the token sale. The amount already raise is pretty good, and all unsold token will be burned, so its pretty good. Soma will go on and I think will take a great value, impatient to start using the apps !

The burning will certainly help the value of the token the moment it goes live, and because SOMA is not so mainstream, but enough to finishes successfully, we could expect an increase of price when it hit exchanges.
burning does not greatly affect pricing, it all depends on the capitalization as well as the work done by the team. SOMA - promising project, I think their team will do everything possible to develop properly and achieve all goals

pump and dump is real, if dev not really developing their program and not make a surprise, value of token will stay in line or dumped.
hope SOMA's dev really developing their program

Devs are working hard! There will be some news coming.
I know you all have been patient but they are really working hard on the development of the Android app and Web version.
SEELE^^01
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November 12, 2017, 08:10:50 PM
 #3209

Still 3 days before the end of the token sale. The amount already raise is pretty good, and all unsold token will be burned, so its pretty good. Soma will go on and I think will take a great value, impatient to start using the apps !

yes, the ico is now running pretty well... for being extended was a good decision after all Smiley

lets keep on Smiley
FIEX
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November 12, 2017, 08:13:08 PM
 #3210

News about reserve:

We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.
Sozialtourist
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November 12, 2017, 08:21:36 PM
 #3211

News about reserve:

We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.

So what does that mean exactly? The MVP is planned for Q2/2018. Does it mean we will still be able to buy SCT directly after the ICO now from the official site till next year?
magisterr
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November 12, 2017, 08:42:09 PM
 #3212

News about reserve:

We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.

What this mean? They mean only 10% of tokens or all unsold tokens and what they will be doing with them?
SEELE^^01
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November 12, 2017, 08:44:03 PM
 #3213

News about reserve:

We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.

lol, what i understand is now, that they are not going to burn the unsold tokens from the ico sale and want to use it for the MVP programm huh?!

well... yare yare....
helloal
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November 12, 2017, 08:54:59 PM
 #3214

Still 3 days before the end of the token sale. The amount already raise is pretty good, and all unsold token will be burned, so its pretty good. Soma will go on and I think will take a great value, impatient to start using the apps !

The burning will certainly help the value of the token the moment it goes live, and because SOMA is not so mainstream, but enough to finishes successfully, we could expect an increase of price when it hit exchanges.
burning does not greatly affect pricing, it all depends on the capitalization as well as the work done by the team. SOMA - promising project, I think their team will do everything possible to develop properly and achieve all goals

pump and dump is real, if dev not really developing their program and not make a surprise, value of token will stay in line or dumped.
hope SOMA's dev really developing their program

Devs are working hard! There will be some news coming.
I know you all have been patient but they are really working hard on the development of the Android app and Web version.

Coming as in - before the ICO finishes? or afterwards.
It is good to hear that they have been work hard on developments.

bitcoin-shark
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November 12, 2017, 08:58:46 PM
 #3215

Still 3 days before the end of the token sale. The amount already raise is pretty good, and all unsold token will be burned, so its pretty good. Soma will go on and I think will take a great value, impatient to start using the apps !

The burning will certainly help the value of the token the moment it goes live, and because SOMA is not so mainstream, but enough to finishes successfully, we could expect an increase of price when it hit exchanges.
me too just want to start using the app,the price after listing on some exchange will pump up in my opinion,just waiting for some good news from dev and team keep it up...
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November 12, 2017, 09:02:09 PM
 #3216

Still 3 days before the end of the token sale. The amount already raise is pretty good, and all unsold token will be burned, so its pretty good. Soma will go on and I think will take a great value, impatient to start using the apps !

The burning will certainly help the value of the token the moment it goes live, and because SOMA is not so mainstream, but enough to finishes successfully, we could expect an increase of price when it hit exchanges.
burning does not greatly affect pricing, it all depends on the capitalization as well as the work done by the team. SOMA - promising project, I think their team will do everything possible to develop properly and achieve all goals

pump and dump is real, if dev not really developing their program and not make a surprise, value of token will stay in line or dumped.
hope SOMA's dev really developing their program

Devs are working hard! There will be some news coming.
I know you all have been patient but they are really working hard on the development of the Android app and Web version.

Coming as in - before the ICO finishes? or afterwards.
It is good to hear that they have been work hard on developments.
there is still enough time, I think big whales are watching this theme and they will not miss the opportunity to invest in this perspective project, we must wait for good news
sockpuppet1911
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November 12, 2017, 09:03:21 PM
 #3217

News about reserve:

We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.

So, does this mean that you are going to sell those tokens if the market has enough liquidity? And if you can't sell you'll burn them? Please tell me that i have completely misunderstood this sentence.
Elkmar
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November 12, 2017, 09:39:03 PM
 #3218

3 days left till the end of sales. The sales counter is practically not growing. It seems that SOMA will no longer raise money. But if all unsold tokens are burned, the price of the remaining ones will increase. In addition, objectively collected quite a decent amount.

Yes, it's not because every token are not sold that this project will not have some important results.
SEELE^^01
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November 12, 2017, 09:42:06 PM
 #3219

News about reserve:

We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.

So, does this mean that you are going to sell those tokens if the market has enough liquidity? And if you can't sell you'll burn them? Please tell me that i have completely misunderstood this sentence.

thats what i thought too. at first glance it really sounds like that way, but why?!?!

hope they will burn them and not use them for mvp or whatever...
Rigorous
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November 12, 2017, 09:47:36 PM
 #3220

How is it even possible to change things like the reserve? Is that not fixed in the smart contract?

https://github.com/Soma-co/soma-community-token/blob/master/contracts/SomaIco.sol

Code:
function prepareLiquidityReserve() public onlyOwner {
        require(isIcoFinished());
       
        uint256 unsoldTokens = totalSupply.sub(tokensSold);
        // make sure there are any unsold tokens to be assigned
        require(unsoldTokens > 0);

        // try to allocate up to 10% of total sold tokens to Liquidity Reserve fund:
        uint256 liquidityReserveTokens = tokensSold.div(10);
        if (liquidityReserveTokens > unsoldTokens) {
            liquidityReserveTokens = unsoldTokens;
        }
        assignTokens(liquidityReserveWallet, liquidityReserveTokens);
        unsoldTokens = unsoldTokens.sub(liquidityReserveTokens);

        // if there are still unsold tokens:
        if (unsoldTokens > 0) {
            // decrease  (burn) total supply by the number of unsold tokens:
            totalSupply = totalSupply.sub(unsoldTokens);
        }

        // make sure there are no tokens left
        assert(tokensSold == totalSupply);
    }

    function manuallyAssignTokens(address recipient, uint256 amount) public onlyOwner {
        require(tokensSold < totalSupply);
        assignTokens(recipient, amount);
    }

    /**
     * @dev Burns a specific amount of tokens.
     * @param _value The amount of token to be burned.
     */
    function burn(uint256 _value) public whenNotPaused {
        require(_value > 0);

        address burner = msg.sender;
        balances[burner] = balances[burner].sub(_value);
        totalSupply = totalSupply.sub(_value);
        Burn(burner, _value);
    }

Guess not, they are on demand functions. Both liquidity reserve and burn are optional.
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