[ANN][ICO] SOMA - The Social Marketplace

[viljy]

I watch sales stopped, the counter does not grow. Apparently there are two reasons: the fork BTC and the lack of developer activity.

[Piggy]

they have already gathered enough money to secure the competition of the project imo, whatever come from now on is a plus

[lobat999]

Financial backing from angel investors is a big factor for the completion of any startup project and investors in SOMA has some sense of security with it.

[Yasemin]

Financial backing from angel investors is a big factor for the completion of any startup project and investors in SOMA has some sense of security with it.

Yes it seems to me, that the SOMA project is too big to stop when they dont hit any cap. If the market circumstances were different, Im sure SOMA is the kind of ICO that would sell out

[alphashotgun]

If I remember correctly the excuse for the extension was that they were busy getting the tokens on exchanges and expanding their team. Let me find the announcement.

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

Maybe the big news is related to the "major updates in the last week that significantly strengthen the value".

i like the attitude of the devs such detailed statments forge a huge trust of the community!

[Mystic90]

they have already gathered enough money to secure the competition of the project imo, whatever come from now on is a plus

What do you mean by "secure the competition"?  Would like to understand your comment better

[Elkmar]

I don't want a community manager on telegram or discord. Everybody's first priority should be here. I shouldn't need anything other than here to take current news from the team.

The best is one who take care of every social platform.

[alphashotgun]

I don't want a community manager on telegram or discord. Everybody's first priority should be here. I shouldn't need anything other than here to take current news from the team.

The best is one who take care of every social platform.

to be honest. thats a whole load of work. who is willing to do that?

[yeswepump]

Financial backing from angel investors is a big factor for the completion of any startup project and investors in SOMA has some sense of security with it.

where did you get this information? please quote a source, thanks

[Yasemin]

Honestly, when I google SOMA token sale, search tool in the past 24 hours, there is almost no activity besides bitcointalk. Am I missing something?

[Mystic90]

I don't want a community manager on telegram or discord. Everybody's first priority should be here. I shouldn't need anything other than here to take current news from the team.

The best is one who take care of every social platform.

The amount of uninformed people in Telegram is the worst though. I would not want to work customer support for any crypto related project.
I think a forum is a nice platform, since you can easily read back other questions and possibly find you answer.

[alphashotgun]

Honestly, when I google SOMA token sale, search tool in the past 24 hours, there is almost no activity besides bitcointalk. Am I missing something?

bitcointalk is the main board for such discussions - thats the most possible reason

[wasean]

There is no info about token distribution  is it twitter campaign of Facebook .   

[magisterr]

There is no info about token distribution  is it twitter campaign of Facebook .   

Better to ask this in bounty thread in your bounty manager. This is ANN thread.

[Piggy]

they have already gathered enough money to secure the competition of the project imo, whatever come from now on is a plus

What do you mean by "secure the competition"?  Would like to understand your comment better

sorry i meant the completion of the project, with 5M$ you can do it, beside when the project is ready will be able to stand on his own feet generating revenew as well

[kramat]

There is no info about token distribution  is it twitter campaign of Facebook .   

maybe the distribution can be implemented in the next few weeks. and should be waited only if it is distributed. and you can ask the bounty thread there will be more explained

[levyashin]

they have already gathered enough money to secure the competition of the project imo, whatever come from now on is a plus

What do you mean by "secure the competition"?  Would like to understand your comment better

sorry i meant the completion of the project, with 5M$ you can do it, beside when the project is ready will be able to stand on his own feet generating revenew as well

You can do many thing with 5m$, Soma should be fine. Beside, overpaid projects don't bring more success to its investors because how bigger the market cap is, it is harder to go higher.

[lobat999]

Financial backing from angel investors is a big factor for the completion of any startup project and investors in SOMA has some sense of security with it.

where did you get this information? please quote a source, thanks

Please check the post link for more info. https://bitcointalk.org/index.php?topic=2129958.msg23032557#msg23032557

[Sozialtourist]

The Bitcoin SegWit2X fork will take place in about 2 weeks.

https://coinsalad.com/2x/countdown

Everybody is hoarding Bitcoin right now. SOMA should consider extending the ICO until after the fork.

I think extending an ICO over and over will bring mistrust into current investors and potential future investors. In this case I think they should finish the current ICO and announce another one maybe after the fork, with a clear statement before why and when this will happen.

I had this feeling initially, but the strong presence of the team and the understandable justifications gave me a better view. It is necessary to analyze the scenario that we live and how much ICO will be successful in the return with a better scenario

Well for me it's the complete opposite. I don't see a strong presence here of the team but yeah, let us hope their promised announcement will change my point of view.

[cantdecide]

they have already gathered enough money to secure the competition of the project imo, whatever come from now on is a plus

What do you mean by "secure the competition"?  Would like to understand your comment better

sorry i meant the completion of the project, with 5M$ you can do it, beside when the project is ready will be able to stand on his own feet generating revenew as well

You can do many thing with 5m$, Soma should be fine. Beside, overpaid projects don't bring more success to its investors because how bigger the market cap is, it is harder to go higher.

Agree here. I don't really know why recently all projects try to reach an unrealistic hard cap, just because some projects in the past got a shit lot of money in less then a day.