[ANN][ICO] SOMA - The Social Marketplace

[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.

What is the state of the ICO right now ?

 8.181.417 SCT sold so far out of 54mill.

[SEELE^^01]

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 ?

 8.181.417 SCT sold so far out of 54mill.

well, thats a good number, if you think that the ico got extended and will be running for a couple of time

[FIEX]

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 ?

 8.181.417 SCT sold so far out of 54mill.

Tokens sold is also included the bonusses?
So maybe a little less then 54M? Any way great funding! Really hope SOMA will be the next big thing!

Great work team!
You guys are doing great

[kraterion]

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.

So remaining tokens will be burned? Low supply then, but remember that that's not the most important parameter, xrp for example has billions of coins but has a huge marketcap

[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?

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.

The part of the technical whitepaper, that Yasemine quoted is still valid. So unless some whales get on board and buy all tokens, there will be SCTs available to buy after the ICO. Just not the whole amount of the unsold tokens. They will keep a 10% reserve for that purpose:

Here is the statement from Telegram.

"The unsold tokens will be burnt, expect the 10% liquidity reserve, which will only exist if the the ICO will not reach the hard cap. The rationale for the liquidity reserve is to ensure smooth functioning of the Soma platform in theoretical situation where onboarding users to the platform would not be able to buy SCT from the open markets. So it is a supportive SCT reserve for the platform for the unlikely event. If the liquidity reserve is not needed, these tokens will be burnt also."

[levyashin]

smooth functioning of the Soma platform in theoretical situation where onboarding users to the platform would not be able to buy SCT from the open markets.

It is not really possible this kind of situation in crypto world.

My thinking that they will sell them sometime later (maybe years), with high volume and running project. They should be idiots to sell them after the ico.

[belechau]

smooth functioning of the Soma platform in theoretical situation where onboarding users to the platform would not be able to buy SCT from the open markets.

It is not really possible this kind of situation in crypto world.

My thinking that they will sell them sometime later (maybe years), with high volume and running project. They should be idiots to sell them after the ico.

Do you refer to possible token burns? there is potential for sale post Ico, even if it does not hit the cover, Soma is great, burning them would be foolish, investors would have advantages with this, but the project has the potential to grow continuously and plenty of room to continue attracting attention and selling on its platform

[Rigorous]

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.

The part of the technical whitepaper, that Yasemine quoted is still valid. So unless some whales get on board and buy all tokens, there will be SCTs available to buy after the ICO. Just not the whole amount of the unsold tokens. They will keep a 10% reserve for that purpose:

Here is the statement from Telegram.

"The unsold tokens will be burnt, expect the 10% liquidity reserve, which will only exist if the the ICO will not reach the hard cap. The rationale for the liquidity reserve is to ensure smooth functioning of the Soma platform in theoretical situation where onboarding users to the platform would not be able to buy SCT from the open markets. So it is a supportive SCT reserve for the platform for the unlikely event. If the liquidity reserve is not needed, these tokens will be burnt also."

Why do we have to find that out in such a roundabout way? They have a whole page on their website dedicated to documents, including a paper for the ICO specs. Why not write that information in there?

[quarkyplum]

smooth functioning of the Soma platform in theoretical situation where onboarding users to the platform would not be able to buy SCT from the open markets.

It is not really possible this kind of situation in crypto world.

My thinking that they will sell them sometime later (maybe years), with high volume and running project. They should be idiots to sell them after the ico.

No, I think we still can buy Soma token through exchange normally, example EtherDelta exchange. This exchanger is a decentralized exchange and can supply you trading buy/sell token used Ethereum platform easily. I think we will not have any problem when trade Soma token through this exchange.

[bitcoinbulk]

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?

That's a great question...where are the SCT tokens that are for sale coming from?

[haxllega]

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 ?

 8.181.417 SCT sold so far out of 54mill.

well, thats a good number, if you think that the ico got extended and will be running for a couple of time

Let's hope they will get investments until the end of the ICO. I saw a lot of recent ICOs who got hardly any funds in the last days of their ICO.

[SEELE^^01]

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 ?

 8.181.417 SCT sold so far out of 54mill.

well, thats a good number, if you think that the ico got extended and will be running for a couple of time

Let's hope they will get investments until the end of the ICO. I saw a lot of recent ICOs who got hardly any funds in the last days of their ICO.

probably all because of the fukin forks that happend and upcoming segwit32x will not do better to the icos ><"

i really hate those forks... everyone sells tokens/alts to go into btc...

[sockpuppet1911]

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.

I feel like an idiot, i thought it was the drug called soma, and thought: "That is sure a weird name for marketplace", but then again most darknet marketplaces sell drugs so i didn't bat an eye.

[kraterion]

After ICO you can buy remaining SOMA tokens on their platform. Also interesting: "Soma will provide a &quot;liquidity reserve&quot; 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.

That's what I understood as well, they will just put a sort of mini exchange with SCT/ETH pair where you can purchase/sell SCT with an api to read the price on coinmarketcap

[lobat999]

As per their road map, I understand the DEV team is rigorously testing their Beta version for release this coming 4th Q 2017.

[helloal]

As per their road map, I understand the DEV team is rigorously testing their Beta version for release this coming 4th Q 2017.

That's coming up pretty soon. I hope they will be able to iron out all the significant bugs by then. Maybe it could come out in time for people to use it for Christmas?

[lvsca]

As per their road map, I understand the DEV team is rigorously testing their Beta version for release this coming 4th Q 2017.

That's coming up pretty soon. I hope they will be able to iron out all the significant bugs by then. Maybe it could come out in time for people to use it for Christmas?

hope it launch before xmas, so every body here can use SOMA app.

[kraterion]

As per their road map, I understand the DEV team is rigorously testing their Beta version for release this coming 4th Q 2017.

That's coming up pretty soon. I hope they will be able to iron out all the significant bugs by then. Maybe it could come out in time for people to use it for Christmas?

Closed beta, I asked if it will be accesible by invitation only but I didn't get an answer yet. Maybe it will be for token holders only, who knows

[fajarkus12]

As per their road map, I understand the DEV team is rigorously testing their Beta version for release this coming 4th Q 2017.

That's coming up pretty soon. I hope they will be able to iron out all the significant bugs by then. Maybe it could come out in time for people to use it for Christmas?

Closed beta, I asked if it will be accesible by invitation only but I didn't get an answer yet. Maybe it will be for token holders only, who knows

As i know usually if closed beta it will be accessible for token holder or by invitation only. Probably for someone who has a certain number of tokens. If open beta it will be accessible for everyone

[Elkmar]

As per their road map, I understand the DEV team is rigorously testing their Beta version for release this coming 4th Q 2017.

There is a beta being teste right now or I did not understand ?