[ANN][ICO] SOMA - The Social Marketplace

[Jay2408]

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

Yes, thats possible, audits and such stuff might belong to this category, too.

[loup]

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.

The budget sound good for me. The most expensive thing is marketing an its the place where a project has to invest most of his money to suceed.
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.

[pynetx]

So, SOMA has made partnership with Utrust which is a very good sign for both of the projects.
So, utrust will be the sole payment gateway for SOMA?

[matjas]

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.

Its interesting to see how now we need to put more and more funds in marketing. With such huge competition going on, i am not surprised its on the top of your list.

[SEELE^^01]

So, SOMA has made partnership with Utrust which is a very good sign for both of the projects.
So, utrust will be the sole payment gateway for SOMA?

they only announced a partnership with soma, but there are no details out, how the partnership will look probably utrust would be a payment gateway for somas project.

[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?

It is also very smart to have 35% funds for marketing and area launches. I think a lot of developers are tech minded and underestimate the importance of marketing

[the_donald]

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?

It is also very smart to have 35% funds for marketing and area launches. I think a lot of developers are tech minded and underestimate the importance of marketing

it costs a lot of money running a platform where people can sell their stuff. also they need lawyers to ward of the SEC.

[magisterr]

35% Marketing and area launches

I think, they must have more % for marketing, its most important in their product...

[pynetx]

shipping and returns will be handled by the seller only or SOMA is planning to make partnership with some courier companies?

[matjas]

So, SOMA has made partnership with Utrust which is a very good sign for both of the projects.
So, utrust will be the sole payment gateway for SOMA?

they only announced a partnership with soma, but there are no details out, how the partnership will look probably utrust would be a payment gateway for somas project.

I doubt it will be the only one since Soma might want to offer payments in fiat and as far as i know, Utrust will only offer crypto as a payment method.

[bitcoin-shark]

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 think 20% for legal issues is the right percentage to allocate in my opinion,i suppose it be used for lawyers to study the various laws of the countries where it will be launched...

[kraterion]

Since there will be no 2X fork (  ) https://www.coindesk.com/2x-called-off-bitcoin-hard-fork-suspended-lack-consensus/, do you think that more people will invest in this ICO?

[matjas]

Since there will be no 2X fork (  ) https://www.coindesk.com/2x-called-off-bitcoin-hard-fork-suspended-lack-consensus/, do you think that more people will invest in this ICO?

This is quite a turn and a surprise for most of us. I believe alts will go up soon and ICOs like Somas will get more investors. 

[haxllega]

Since there will be no 2X fork (  ) https://www.coindesk.com/2x-called-off-bitcoin-hard-fork-suspended-lack-consensus/, do you think that more people will invest in this ICO?

This is quite a turn and a surprise for most of us. I believe alts will go up soon and ICOs like Somas will get more investors. 

Let's hope it many ICOs for the last time didn't collect much funds. I hope this will change now after segwit 2x got canceled.

[kraterion]

So, SOMA has made partnership with Utrust which is a very good sign for both of the projects.
So, utrust will be the sole payment gateway for SOMA?

I think so, we must wait for next year. Obviously when you trade your goods on a marketplace like SOMA it's really good to have a buyer protection (provided buy Utrust)

[Sozialtourist]

Since there will be no 2X fork (  ) https://www.coindesk.com/2x-called-off-bitcoin-hard-fork-suspended-lack-consensus/, do you think that more people will invest in this ICO?

This is quite a turn and a surprise for most of us. I believe alts will go up soon and ICOs like Somas will get more investors. 

Let's hope it many ICOs for the last time didn't collect much funds. I hope this will change now after segwit 2x got canceled.

Yes will be interesting to see if the funding of Soma can gain momentum again after that news.

[haxllega]

Since there will be no 2X fork (  ) https://www.coindesk.com/2x-called-off-bitcoin-hard-fork-suspended-lack-consensus/, do you think that more people will invest in this ICO?

This is quite a turn and a surprise for most of us. I believe alts will go up soon and ICOs like Somas will get more investors. 

Let's hope it many ICOs for the last time didn't collect much funds. I hope this will change now after segwit 2x got canceled.

Yes will be interesting to see if the funding of Soma can gain momentum again after that news.

I think that's highly possible. Many people will search for new rewarding investments after that news.

[cmg12]

Since there will be no 2X fork (  ) https://www.coindesk.com/2x-called-off-bitcoin-hard-fork-suspended-lack-consensus/, do you think that more people will invest in this ICO?

This is quite a turn and a surprise for most of us. I believe alts will go up soon and ICOs like Somas will get more investors. 

Let's hope it many ICOs for the last time didn't collect much funds. I hope this will change now after segwit 2x got canceled.

Yes will be interesting to see if the funding of Soma can gain momentum again after that news.

I'm sure that people will be much more sure about investing so soma can benefit from this

[SEELE^^01]

segwit got cancelled, now people will sell bitcoin immediately and come back to all ico projects for investment

soma will get some investors for sure

[Voltaje]

segwit got cancelled, now people will sell bitcoin immediately and come back to all ico projects for investment

soma will get some investors for sure

yep, btc is going down, and all that money will go to alts and ICOs, I'm surprised is not falling that fast, less people may not know about the cancellation, perhaps later it will be dumped hard, who knows, meanwhile, people will just go back to alts .