[ANN][ICO] SOMA - The Social Marketplace

[martinholly167]

About the SOMA use of funds after ico:

35% Marketing and area launches
20% Product development and technology
20% Legal issues and patents
15% Operational team
10% Community reward (We’ll reward the ambassadors and marketers of the community)

Why is there 20% needed for legal issues?

Probably because you have to pay attantion to different rules in different countries? I think it's not that easy to work on a legal base in every country, because you can't just go with the same user agreements in every country as there are different regulations.

Yes probably with it. Besides you can never predict what can a lawsuit you will face in future. I can understand that allocation.

Yes its better to prepare for such thing rather than face it all of a sudden.

[cantdecide]

About the SOMA use of funds after ico:

35% Marketing and area launches
20% Product development and technology
20% Legal issues and patents
15% Operational team
10% Community reward (We’ll reward the ambassadors and marketers of the community)

Why is there 20% needed for legal issues?

Probably because you have to pay attantion to different rules in different countries? I think it's not that easy to work on a legal base in every country, because you can't just go with the same user agreements in every country as there are different regulations.

Yes probably with it. Besides you can never predict what can a lawsuit you will face in future. I can understand that allocation.

Yes its better to prepare for such thing rather than face it all of a sudden.

That for sure. I am not even sure if 20% will be enough in long term view.

[viljy]

I think that by the end of the ICO will sell about 9 million tokens at best. Therefore, they must plan their development on the basis of this amount.

[fajarkus12]

I think that by the end of the ICO will sell about 9 million tokens at best. Therefore, they must plan their development on the basis of this amount.

I think team know what must they do if get minimum fund. They will use that fund with efficiency for development which accordance with their roadmap and do the best for their investors

[helloal]

About the SOMA use of funds after ico:

35% Marketing and area launches
20% Product development and technology
20% Legal issues and patents
15% Operational team
10% Community reward (We’ll reward the ambassadors and marketers of the community)

Why is there 20% needed for legal issues?

Probably because you have to pay attantion to different rules in different countries? I think it's not that easy to work on a legal base in every country, because you can't just go with the same user agreements in every country as there are different regulations.

Yes probably with it. Besides you can never predict what can a lawsuit you will face in future. I can understand that allocation.

Yes its better to prepare for such thing rather than face it all of a sudden.

That for sure. I am not even sure if 20% will be enough in long term view.

Legal could refer to local regulatory accreditation/licenses that need to be applied for and obtained before operations can commence. Some of these things are very expensive due to inefficient and greedy public sector departments.

[Sozialtourist]

I think that by the end of the ICO will sell about 9 million tokens at best. Therefore, they must plan their development on the basis of this amount.

I think team know what must they do if get minimum fund. They will use that fund with efficiency for development which accordance with their roadmap and do the best for their investors

I am pretty sure they weren't expecting the tokens to get sold-out and already have a plan how to go on after the ICO. But the more money they can raise in the remaining time, the wider they can expand SOMA after the ICO.

[the_donald]

I think that by the end of the ICO will sell about 9 million tokens at best. Therefore, they must plan their development on the basis of this amount.

I think team know what must they do if get minimum fund. They will use that fund with efficiency for development which accordance with their roadmap and do the best for their investors

I am pretty sure they weren't expecting the tokens to get sold-out and already have a plan how to go on after the ICO. But the more money they can raise in the remaining time, the wider they can expand SOMA after the ICO.

they have said they will continue with what is raised. which is good, would've been a shame to have this die.

[tiger5056]

would be nice if they raise funds as planned to develop full project. Lets hope speed up ICO investments after fork. SOMA has great potential and hoping for best

[levyashin]

I think that by the end of the ICO will sell about 9 million tokens at best. Therefore, they must plan their development on the basis of this amount.

I think team know what must they do if get minimum fund. They will use that fund with efficiency for development which accordance with their roadmap and do the best for their investors

I am pretty sure they weren't expecting the tokens to get sold-out and already have a plan how to go on after the ICO. But the more money they can raise in the remaining time, the wider they can expand SOMA after the ICO.

they have said they will continue with what is raised. which is good, would've been a shame to have this die.

I nothing hate more than an ico i invested just pay back what i invest. It is very frustrating. I believe them and invested some so i hope they won't make me disappointed.

[fajarkus12]

I think that by the end of the ICO will sell about 9 million tokens at best. Therefore, they must plan their development on the basis of this amount.

I think team know what must they do if get minimum fund. They will use that fund with efficiency for development which accordance with their roadmap and do the best for their investors

I am pretty sure they weren't expecting the tokens to get sold-out and already have a plan how to go on after the ICO. But the more money they can raise in the remaining time, the wider they can expand SOMA after the ICO.

they have said they will continue with what is raised. which is good, would've been a shame to have this die.

I nothing hate more than an ico i invested just pay back what i invest. It is very frustrating. I believe them and invested some so i hope they won't make me disappointed.

Maybe i can suggest to you to hold this coin for long term investment, because this project about social market and seem can growing rapidly but need time. So you must be patient if you want get more profit

[levyashin]

I think that by the end of the ICO will sell about 9 million tokens at best. Therefore, they must plan their development on the basis of this amount.

I think team know what must they do if get minimum fund. They will use that fund with efficiency for development which accordance with their roadmap and do the best for their investors

I am pretty sure they weren't expecting the tokens to get sold-out and already have a plan how to go on after the ICO. But the more money they can raise in the remaining time, the wider they can expand SOMA after the ICO.

they have said they will continue with what is raised. which is good, would've been a shame to have this die.

I nothing hate more than an ico i invested just pay back what i invest. It is very frustrating. I believe them and invested some so i hope they won't make me disappointed.

Maybe i can suggest to you to hold this coin for long term investment, because this project about social market and seem can growing rapidly but need time. So you must be patient if you want get more profit

I agree with you, it is a good project in a growing market. I don't know what will be the price after ico, it is too unpredictable too many weak hands and bounty sellers but in long-term i believe it will bring me some profit.

[belechau]

I think that by the end of the ICO will sell about 9 million tokens at best. Therefore, they must plan their development on the basis of this amount.

I think team know what must they do if get minimum fund. They will use that fund with efficiency for development which accordance with their roadmap and do the best for their investors

I am pretty sure they weren't expecting the tokens to get sold-out and already have a plan how to go on after the ICO. But the more money they can raise in the remaining time, the wider they can expand SOMA after the ICO.

they have said they will continue with what is raised. which is good, would've been a shame to have this die.

I nothing hate more than an ico i invested just pay back what i invest. It is very frustrating. I believe them and invested some so i hope they won't make me disappointed.

Maybe i can suggest to you to hold this coin for long term investment, because this project about social market and seem can growing rapidly but need time. So you must be patient if you want get more profit

Believe me, it would be disappointing to see an Ico take off after the project and have withdrawn or not joined with their investments, I lost enough money to recognize today a good opportunity, I believe even if Soma is one of them

[Sozialtourist]

I think that by the end of the ICO will sell about 9 million tokens at best. Therefore, they must plan their development on the basis of this amount.

I think team know what must they do if get minimum fund. They will use that fund with efficiency for development which accordance with their roadmap and do the best for their investors

I am pretty sure they weren't expecting the tokens to get sold-out and already have a plan how to go on after the ICO. But the more money they can raise in the remaining time, the wider they can expand SOMA after the ICO.

they have said they will continue with what is raised. which is good, would've been a shame to have this die.

I nothing hate more than an ico i invested just pay back what i invest. It is very frustrating. I believe them and invested some so i hope they won't make me disappointed.

Yeah, it's always frustrating to see a project, that you believed in and invested in, fail because it's not reaching the soft-cap. But at least you get your money back!

But for Soma it would be weird when they suddenly would decide not to go on with the project because they said from the beginning that they don't have to set up a soft-cap.

[bitcoinbulk]

About the SOMA use of funds after ico:

35% Marketing and area launches
20% Product development and technology
20% Legal issues and patents
15% Operational team
10% Community reward (We’ll reward the ambassadors and marketers of the community)

Why is there 20% needed for legal issues?

My guess is mainly to pay lawyers. Make sure they have all their ducks in a row for the business. The last thing you want is to the government to come after you for something stupid.

[Yasemin]

About the SOMA use of funds after ico:

35% Marketing and area launches
20% Product development and technology
20% Legal issues and patents
15% Operational team
10% Community reward (We’ll reward the ambassadors and marketers of the community)

Why is there 20% needed for legal issues?

Its a good thing that they plan this ahead. It shows how professional the SOMA team works. Better be prepared when legal issues come on your path

[Trrrt]

Yes i think the fund allocation for soma is very good, very professional, with 20% in legal isssues, it’s really useful in case of some trouble with law of some countries.

[Virtuoso]

Yes i think the fund allocation for soma is very good, very professional, with 20% in legal isssues, it’s really useful in case of some trouble with law of some countries.

I have to agree with you. The fund allocation for Soma is very good and was chosen wisely. It seems like the dev team is knowing what they are doing and what they need for a bright future.

[Jay2408]

About the SOMA use of funds after ico:

35% Marketing and area launches
20% Product development and technology
20% Legal issues and patents
15% Operational team
10% Community reward (We’ll reward the ambassadors and marketers of the community)

Why is there 20% needed for legal issues?

Its a good thing that they plan this ahead. It shows how professional the SOMA team works. Better be prepared when legal issues come on your path

These 20% include also patents, I think for their IIC. As far as I know the costs for international patents are very expensive, you have costs for application, search fee, yearly fees for maintaining the patent and maybe some more costs.

[sockpuppet1911]

About the SOMA use of funds after ico:

35% Marketing and area launches
20% Product development and technology
20% Legal issues and patents
15% Operational team
10% Community reward (We’ll reward the ambassadors and marketers of the community)

Why is there 20% needed for legal issues?

Its a good thing that they plan this ahead. It shows how professional the SOMA team works. Better be prepared when legal issues come on your path

These 20% include also patents, I think for their IIC. As far as I know the costs for international patents are very expensive, you have costs for application, search fee, yearly fees for maintaining the patent and maybe some more costs.

Patents are always a good idea for innovating startups, but to my knowledge they will benefit more the people who applied for the patent then the startup investors.

[Piggy]

im not 100% sure, but i think that also accountability matters can enter in such legal category