[ANN][ICO] SOMA - The Social Marketplace

[alphashotgun]

I dont think there will be any problem for SOMA to get fundings. They already did good campaigning and promotions. I just think google ads and Youtube ads will boost the ICO.

imo they just want to reach the hardcap to unleash their full potential

[matjas]

Soma sounds like a girl name . A  cute office assistant logo would match the name  

Soma, i think its a Japanese name, that I don't know what it means, but definitely is not english or spanish, it is from another language for sure, so in a way it could sound silly for other people, for me though it sounds good, but it doesn't ring the concept of the project, nor the pet animal that represents it, but at last, it doesn't matter.

Could be from an Asian language or just a radom word. I can't imagen an Japanese word, also checked a dictionary and couldn't find something.

Or wait, I just found some internet slang or so in Japanese which says that soma is build out of ソマ　=　それまじ (sore maji) which means as much as "is it real?". But don't know if this is the origin for Soma.

Hey , enough  .
You guys didnt realize it? SOMA >> SOcial MArketplace
But its also a guess  

I'm pretty sure you've got it right. The project is even called The Social Marketplace. I think the oldest meanings of the word soma are either for some deity or for a drug, so I doubt its based on either of those.

I think social market its really the perfect way to describe this project and what they aare trying to achieve.

This is not merely selling items and getting review about the products like Ebay or Amazon are doing, in here there will be a living
community of people which will help out each other, getting rewarded for it.

Think about all the money Amazon is saving by letting the users write down review suggesting or not a product, one way or the other is helping out just Amazon and the sellers to make more money for free.

You actually got me thinking there, i didnt pay much attention about the social part before but like you said, without that its just another selling platform. It all depends how much are people willing to be involved in selling and buying goods.

[the_donald]

I dont think there will be any problem for SOMA to get fundings. They already did good campaigning and promotions. I just think google ads and Youtube ads will boost the ICO.

that remains to be seen. the ico started off week so had to extend the timeframe.

[fajarkus12]

I dont think there will be any problem for SOMA to get fundings. They already did good campaigning and promotions. I just think google ads and Youtube ads will boost the ICO.

Yeah because google and youtube are the best way to promotion and both have many users. But i prefer if the team create video on youtube because it will make all people can easy to understand

[bitcoin-shark]

Soma sounds like a girl name . A  cute office assistant logo would match the name  

Soma, i think its a Japanese name, that I don't know what it means, but definitely is not english or spanish, it is from another language for sure, so in a way it could sound silly for other people, for me though it sounds good, but it doesn't ring the concept of the project, nor the pet animal that represents it, but at last, it doesn't matter.

Could be from an Asian language or just a radom word. I can't imagen an Japanese word, also checked a dictionary and couldn't find something.

Or wait, I just found some internet slang or so in Japanese which says that soma is build out of ソマ　=　それまじ (sore maji) which means as much as "is it real?". But don't know if this is the origin for Soma.

Hey , enough  .
You guys didnt realize it? SOMA >> SOcial MArketplace
But its also a guess  

I'm pretty sure you've got it right. The project is even called The Social Marketplace. I think the oldest meanings of the word soma are either for some deity or for a drug, so I doubt its based on either of those.

I think social market its really the perfect way to describe this project and what they aare trying to achieve.

This is not merely selling items and getting review about the products like Ebay or Amazon are doing, in here there will be a living
community of people which will help out each other, getting rewarded for it.

Think about all the money Amazon is saving by letting the users write down review suggesting or not a product, one way or the other is helping out just Amazon and the sellers to make more money for free.

You actually got me thinking there, i didnt pay much attention about the social part before but like you said, without that its just another selling platform. It all depends how much are people willing to be involved in selling and buying goods.

social part of marketplace is very important i am sure soma will know give it the right value,amazon for example take a lot of free publicity by buyers reviews...

[stormcleric]

I dont think there will be any problem for SOMA to get fundings. They already did good campaigning and promotions. I just think google ads and Youtube ads will boost the ICO.

that remains to be seen. the ico started off week so had to extend the timeframe.

Yes, other projects are being affected by the overwhelming number of ICOs nowadays. It's a shame some good projects won't be able to take off due to this so let's cross our fingers.

[Mystic90]

If there any news on if they extend the ICO or would do a round 2? And is there any response by initial investors about this?

[fajarkus12]

If there any news on if they extend the ICO or would do a round 2? And is there any response by initial investors about this?

I think they extend this ico because bitcoin hard fork before, so the team still not satisfied with the result. Investor will respond positive as long as this project can raise more funds

[Mystic90]

If there any news on if they extend the ICO or would do a round 2? And is there any response by initial investors about this?

I think they extend this ico because bitcoin hard fork before, so the team still not satisfied with the result. Investor will respond positive as long as this project can raise more funds

I know the reason behind it, and i can understand the dilemma. But is there any news if they are going to do this or not? Or is it still undetermined?

[sockpuppet1911]

If there any news on if they extend the ICO or would do a round 2? And is there any response by initial investors about this?

I think they extend this ico because bitcoin hard fork before, so the team still not satisfied with the result. Investor will respond positive as long as this project can raise more funds

I know the reason behind it, and i can understand the dilemma. But is there any news if they are going to do this or not? Or is it still undetermined?

I don't see any reasons preventing them to do that, other then it might wind up some investors. But that frustration could be avoided by just giving more bonuses for them.

[lobat999]

I hope the Android Alpha version  will be released before the token sale ends.

[Trrrt]

I think the alpha version on android will be released soon, even if its not before the token sale. We already have the ios version to see how the app is and the features, and the global result is really nice.

[Piggy]

I hope the Android Alpha version  will be released before the token sale ends.

Many people are waiting for the android version, wish they would have released that before the iOS one.
It would also be nice to be able to try the web version of the market itself, but as i read from the website the beta version will come up the next year.
Now i believe they are working hard on the project, but i wish there would have been a little bit more to see, because i am curious about the project itself and because would have helped also during the sale.

[Sozialtourist]

After ICO you can buy remaining SOMA tokens on their platform. Also interesting: "Soma will provide a "liquidity reserve" of SCT, which will only be utilized in a theoretical situation, for instance, if after the ICO the SCT is not liquid enough to support the functioning of the Soma platform." From whitepaper.

They wont burn it? Dont like that idea, i hope it doesnt backfire back on them. I dont see the reason of doing that since their ICO is going quite good.

Im sorry for the confusion, I read this in the technical whitepaper, page 5:

''Soma Community Tokens can be acquired (in
exchange for Ether) during the ICO. After the
completion of the ICO, purchasing SCT for Ether
will be available via the Soma platform. The price
of SCT will be set according to its current price on
the stock exchanges.''

But I read it wrong, I thought the remaining tokens would be sold on the platform, but I read now that the remaining tokens are getting burned.

Nevertheless, it's an interesting part of the Whitepaper that you quoted. Could these SCTs that you can buy via the SOMA platform after the ICO be part of the 10% liquidity reserve, they will keep if the ICO will not get sold-out?

[cantdecide]

Soma sounds like a girl name . A  cute office assistant logo would match the name 

Soma, i think its a Japanese name, that I don't know what it means, but definitely is not english or spanish, it is from another language for sure, so in a way it could sound silly for other people, for me though it sounds good, but it doesn't ring the concept of the project, nor the pet animal that represents it, but at last, it doesn't matter.

Could be from an Asian language or just a radom word. I can't imagen an Japanese word, also checked a dictionary and couldn't find something.

Or wait, I just found some internet slang or so in Japanese which says that soma is build out of ソマ　=　それまじ (sore maji) which means as much as "is it real?". But don't know if this is the origin for Soma.

Hey , enough  .
You guys didnt realize it? SOMA >> SOcial MArketplace
But its also a guess 

Yeah or it is just Social Marketplace  I just got drawn into this Asian language thing that I haven't thought about this obvious naming lol

[matjas]

If there any news on if they extend the ICO or would do a round 2? And is there any response by initial investors about this?

I think they extend this ico because bitcoin hard fork before, so the team still not satisfied with the result. Investor will respond positive as long as this project can raise more funds

I know the reason behind it, and i can understand the dilemma. But is there any news if they are going to do this or not? Or is it still undetermined?

I don't see any reasons preventing them to do that, other then it might wind up some investors. But that frustration could be avoided by just giving more bonuses for them.

They should announce it before but i dont think that many investors mind. Yes there will be more coins in circulation but on the other hand, Soma will have a bigger initial budget to lunch their platform and invest more in marketing. This can all reflect in bigger value in the future.

[areschen]

Soma sounds like a girl name . A  cute office assistant logo would match the name 

Soma, i think its a Japanese name, that I don't know what it means, but definitely is not english or spanish, it is from another language for sure, so in a way it could sound silly for other people, for me though it sounds good, but it doesn't ring the concept of the project, nor the pet animal that represents it, but at last, it doesn't matter.

Could be from an Asian language or just a radom word. I can't imagen an Japanese word, also checked a dictionary and couldn't find something.

Or wait, I just found some internet slang or so in Japanese which says that soma is build out of ソマ　=　それまじ (sore maji) which means as much as "is it real?". But don't know if this is the origin for Soma.

Hey , enough  .
You guys didnt realize it? SOMA >> SOcial MArketplace
But its also a guess 

Yeah or it is just Social Marketplace  I just got drawn into this Asian language thing that I haven't thought about this obvious naming lol

It's make sense. the name is is abbreviated to a word , not a person's name

[levyashin]

After ICO you can buy remaining SOMA tokens on their platform. Also interesting: "Soma will provide a "liquidity reserve" of SCT, which will only be utilized in a theoretical situation, for instance, if after the ICO the SCT is not liquid enough to support the functioning of the Soma platform." From whitepaper.

They wont burn it? Dont like that idea, i hope it doesnt backfire back on them. I dont see the reason of doing that since their ICO is going quite good.

Im sorry for the confusion, I read this in the technical whitepaper, page 5:

''Soma Community Tokens can be acquired (in
exchange for Ether) during the ICO. After the
completion of the ICO, purchasing SCT for Ether
will be available via the Soma platform. The price
of SCT will be set according to its current price on
the stock exchanges.''

But I read it wrong, I thought the remaining tokens would be sold on the platform, but I read now that the remaining tokens are getting burned.

Nevertheless, it's an interesting part of the Whitepaper that you quoted. Could these SCTs that you can buy via the SOMA platform after the ICO be part of the 10% liquidity reserve, they will keep if the ICO will not get sold-out?

No, they announced it they won't. Probably they will implement in their system to buy/sell soma in their platform it is what i understand from this sentence.

[Elkmar]

I dont think there will be any problem for SOMA to get fundings. They already did good campaigning and promotions. I just think google ads and Youtube ads will boost the ICO.

What is the state of the ICO right now ?

[SEELE^^01]

Soma sounds like a girl name . A  cute office assistant logo would match the name 

Soma, i think its a Japanese name, that I don't know what it means, but definitely is not english or spanish, it is from another language for sure, so in a way it could sound silly for other people, for me though it sounds good, but it doesn't ring the concept of the project, nor the pet animal that represents it, but at last, it doesn't matter.

Could be from an Asian language or just a radom word. I can't imagen an Japanese word, also checked a dictionary and couldn't find something.

Or wait, I just found some internet slang or so in Japanese which says that soma is build out of ソマ　=　それまじ (sore maji) which means as much as "is it real?". But don't know if this is the origin for Soma.

Hey , enough  .
You guys didnt realize it? SOMA >> SOcial MArketplace
But its also a guess 

Yeah or it is just Social Marketplace  I just got drawn into this Asian language thing that I haven't thought about this obvious naming lol

It's make sense. the name is is abbreviated to a word , not a person's name

looool facepalm... SOMA >> SOcial MArketplace => i think this is more obvious, than the japanese "is it real" slang.