[ANN][ICO] SOMA - The Social Marketplace

[Rigorous]

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

They have no control over the effect of the upcoming BTC fork, but they certainly can be more active on the communication side. Assigning a new community manager is a good step, they should have done that a long time ago.

[haxllega]

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

They have no control over the effect of the upcoming BTC fork, but they certainly can be more active on the communication side. Assigning a new community manager is a good step, they should have done that a long time ago.

A good community manager is highly needed for an ICO. It's very important to answer each question of the investors. I never invest in a project I have questions about.

[cmg12]

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.

We will burn all unsold tokens. The liquidity reserve will be burnt as well, if there is enough liquidity to support the smooth functioning of the soma platform. So to conclude - we will not sell SCT anymore after the ICO unless there would an event that there is not enough SCT on the markets to support the Soma platform. When the liquidity is reached, the liquidity reserve will be burnt.

To summarize:
All the unsold tokens will be burnt

That's great to hear. I am glad that they burn all unsold tokens which is very important for the solid growth of a project.

Yep, this will definitely improve price and demand of this token in the future  

[kraterion]

Well, I want to ask to FIEX about closed beta, it's only for token holders or anyone can apply (and only some will be selected of course, with "anyone" I mean, crypto devs, crypto influencers etc...) when it will be released?

[loup]

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.

We will burn all unsold tokens. The liquidity reserve will be burnt as well, if there is enough liquidity to support the smooth functioning of the soma platform. So to conclude - we will not sell SCT anymore after the ICO unless there would an event that there is not enough SCT on the markets to support the Soma platform. When the liquidity is reached, the liquidity reserve will be burnt.

To summarize:
All the unsold tokens will be burnt

That's great to hear. I am glad that they burn all unsold tokens which is very important for the solid growth of a project.

Thats the only right way to do it to be fair to investors. Nobody wants to see coin value being artificially kept low which would be the case if they wouldnt burn it.

I agree  unsold tokens will become a problem in the future.

[wonderfullife]

Soma supervises the image bank for each object by asking the vendors to take at least two pictures of the object with two different cameras and in two different angles in order to verify the veracity of the description and the state of the object put on sale, the buyers will never have unpleasant surprises again.

[kettenschutz]

will you be on exchanges after the ICO?

well, the soma token will be surely on etherdelta after the ico 100%

if you mean, with "you" the token ><

In occasion of "you" and "the token" it is ridiculously told
Well, the output of the token on etherdelta is understandable  There are always new tokens (surprisingly, why? )

[cmg12]

Soma supervises the image bank for each object by asking the vendors to take at least two pictures of the object with two different cameras and in two different angles in order to verify the veracity of the description and the state of the object put on sale, the buyers will never have unpleasant surprises again.

It's seems like good countermeasures to prevent scams and fraud on this platform

[matjas]

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

They have no control over the effect of the upcoming BTC fork, but they certainly can be more active on the communication side. Assigning a new community manager is a good step, they should have done that a long time ago.

A good community manager is highly needed for an ICO. It's very important to answer each question of the investors. I never invest in a project I have questions about.

I just hope its not too late and people already forgot about their ICO, we will see in the next few days in traffic will go up.

[Trrrt]

The commmunication will continue to be improved now the new community manager, and its really nice cause soma has a lot of supporter who like communication, it’s always important for investors to have an active team on the project they like.

[Elkmar]

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

They have no control over the effect of the upcoming BTC fork, but they certainly can be more active on the communication side. Assigning a new community manager is a good step, they should have done that a long time ago.

Great to see they decided to chose something for the community. Having someone here to communicate with us was the best thing to do.

[loup]

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

They have no control over the effect of the upcoming BTC fork, but they certainly can be more active on the communication side. Assigning a new community manager is a good step, they should have done that a long time ago.

Great to see they decided to chose something for the community. Having someone here to communicate with us was the best thing to do.

Nowadays it is essential to have a good community beacuse almost all the marketing campaign is in social media.

[SEELE^^01]

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

They have no control over the effect of the upcoming BTC fork, but they certainly can be more active on the communication side. Assigning a new community manager is a good step, they should have done that a long time ago.

Great to see they decided to chose something for the community. Having someone here to communicate with us was the best thing to do.

Nowadays it is essential to have a good community beacuse almost all the marketing campaign is in social media.

yes indeed, somas community is nice, active, big and strong atm, i hope this continues even if we they maybe get problems due to all those forks to reach the hardcap ><

[lobat999]

It`s very curious that we can`t see the cap they already picked up. Only info about how much SCT cost in ETH (1 ETH = 450 SCT).
Can anybody see the how much they already raised via smart contract?

You can check everything here:
https://etherscan.io/address/0x63b992e6246d88f07fc35a056d2c365e6d441a3d

This is the contract address.

I am glad we have a new community manager that is active on this thread. Keep up  with the good work.

[loup]

It`s very curious that we can`t see the cap they already picked up. Only info about how much SCT cost in ETH (1 ETH = 450 SCT).
Can anybody see the how much they already raised via smart contract?

You can check everything here:
https://etherscan.io/address/0x63b992e6246d88f07fc35a056d2c365e6d441a3d

This is the contract address.

I am glad we have a new community manager that is active on this thread. Keep up  with the good work.

Indeed there're good news. I'm sure it will be good for the project.

[leyton11]

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

They have no control over the effect of the upcoming BTC fork, but they certainly can be more active on the communication side. Assigning a new community manager is a good step, they should have done that a long time ago.

Great to see they decided to chose something for the community. Having someone here to communicate with us was the best thing to do.

Nowadays it is essential to have a good community beacuse almost all the marketing campaign is in social media.

Although this idea isn't new for the cryptocurrency ecosystem, but I think SOMA can changes this field be good more in future and not quiet as now. Steem, InvestFeed, ... are altcoins want to create a social cryptocurrency, but unlike SOMA, this project want to create a social cryptocurrency market.

[fajarkus12]

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.

Uhm seems fine to me, the option to buy SCT directly from the app is good, will bypass the need to buy SCT on exchanges

But i think this is not good because SCT price on the market can't increase or maybe if the price increase only slowly, because people can buy SCT coin directly on soma app with ico price

[Rigorous]

On the traditional market there are low float stocks. The float of a stock are the publicly traded shares. A low float means a small amount of shares are in the hands of public investors and the other shares are owned by insiders. Low float stock are often very volatile and are well known for making explosive upside moves.

In the cryptosphere low float IPOs are met with more aversion. I wonder what is the underlying thought for criticizing Soma not burning the unsold shares, before we knew they will in fact burn them.

[viljy]

The fact that SOMA appointed a new community manager is good. Now I'm curious to know in which countries SOMA first plans to start operations. Since the sale of inexpensive things between members of the social network is convenient to do at the place of residence.

[Rigorous]

The fact that SOMA appointed a new community manager is good. Now I'm curious to know in which countries SOMA first plans to start operations. Since the sale of inexpensive things between members of the social network is convenient to do at the place of residence.

I guess Finland is the first one on the list

They had better find some countries where online C2C trading is not so established yet, so they can become the market leader without too much effort. From there they can expand.