Yasemin
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Activity: 224
Merit: 100
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November 13, 2017, 11:57:27 AM |
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The development of SOMA project began a year ago in Q3 2016. That is longer than many other projects doing an ICOs. I am looking forward to the next steps after the token sales
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cantdecide
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November 13, 2017, 12:01:29 PM |
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News about reserve:
We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.
All the same decided to leave a stock of tokens to ensure liquidity? And these tokens will be sold on the site? No, they will be used it on the free market if there is no liquidity on that market. When we see that there is enough liquidity on exchanges before the launch of our MVP then we will burn the reserve. If everyone is holding there tokens we need to have some reserve for some functions that require the tokens. So if SOMA themself sell token in such a case, how will the price be determined in this situation? |
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brillarinal
Newbie
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Activity: 70
Merit: 0
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November 13, 2017, 12:03:45 PM |
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News about reserve:
We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.
All the same decided to leave a stock of tokens to ensure liquidity? And these tokens will be sold on the site? No, they will be used it on the free market if there is no liquidity on that market. When we see that there is enough liquidity on exchanges before the launch of our MVP then we will burn the reserve. If everyone is holding there tokens we need to have some reserve for some functions that require the tokens. So if SOMA themself sell token in such a case, how will the price be determined in this situation? So what's the price now? |
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matjas
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November 13, 2017, 12:11:06 PM |
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News about reserve:
We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.
All the same decided to leave a stock of tokens to ensure liquidity? And these tokens will be sold on the site? No, they will be used it on the free market if there is no liquidity on that market. When we see that there is enough liquidity on exchanges before the launch of our MVP then we will burn the reserve. If everyone is holding there tokens we need to have some reserve for some functions that require the tokens. So if SOMA themself sell token in such a case, how will the price be determined in this situation? Current market price should be used in my opinion. But I do have a lot of questions about this decision and I'd like some further explanation. |
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SEELE^^01
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November 13, 2017, 12:39:43 PM |
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News about reserve:
We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.
All the same decided to leave a stock of tokens to ensure liquidity? And these tokens will be sold on the site? No, they will be used it on the free market if there is no liquidity on that market. When we see that there is enough liquidity on exchanges before the launch of our MVP then we will burn the reserve. If everyone is holding there tokens we need to have some reserve for some functions that require the tokens. So if SOMA themself sell token in such a case, how will the price be determined in this situation? Current market price should be used in my opinion. But I do have a lot of questions about this decision and I'd like some further explanation. they should be sold higer of the current market price. otherwise the price on the exchange would stagnate and everyone would move to buy from the site... |
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imtiazmahmood
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November 13, 2017, 12:45:12 PM |
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News about reserve:
We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.
All the same decided to leave a stock of tokens to ensure liquidity? And these tokens will be sold on the site? No, they will be used it on the free market if there is no liquidity on that market. When we see that there is enough liquidity on exchanges before the launch of our MVP then we will burn the reserve. If everyone is holding there tokens we need to have some reserve for some functions that require the tokens. So if SOMA themself sell token in such a case, how will the price be determined in this situation? Current market price should be used in my opinion. But I do have a lot of questions about this decision and I'd like some further explanation. they should be sold higer of the current market price. otherwise the price on the exchange would stagnate and everyone would move to buy from the site... yes you right, that ways on exchange people will buy tokens and now on ICO people can get good benefits with bonus . i think on ICO is best opportunity to get tokens. |
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fajarkus12
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November 13, 2017, 12:51:15 PM |
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News about reserve:
We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.
All the same decided to leave a stock of tokens to ensure liquidity? And these tokens will be sold on the site? No, they will be used it on the free market if there is no liquidity on that market. When we see that there is enough liquidity on exchanges before the launch of our MVP then we will burn the reserve. If everyone is holding there tokens we need to have some reserve for some functions that require the tokens. So if SOMA themself sell token in such a case, how will the price be determined in this situation? Current market price should be used in my opinion. But I do have a lot of questions about this decision and I'd like some further explanation. they should be sold higer of the current market price. otherwise the price on the exchange would stagnate and everyone would move to buy from the site... I think they will sell remaining token at market price, because as you said if the price same with ico price it mean soma token on the exchange will stagnant and hard to grow untill the remaining token sold out |
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matjas
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November 13, 2017, 01:09:38 PM |
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News about reserve:
We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.
All the same decided to leave a stock of tokens to ensure liquidity? And these tokens will be sold on the site? No, they will be used it on the free market if there is no liquidity on that market. When we see that there is enough liquidity on exchanges before the launch of our MVP then we will burn the reserve. If everyone is holding there tokens we need to have some reserve for some functions that require the tokens. So if SOMA themself sell token in such a case, how will the price be determined in this situation? Current market price should be used in my opinion. But I do have a lot of questions about this decision and I'd like some further explanation. they should be sold higer of the current market price. otherwise the price on the exchange would stagnate and everyone would move to buy from the site... I think they will sell remaining token at market price, because as you said if the price same with ico price it mean soma token on the exchange will stagnant and hard to grow untill the remaining token sold out They should concentrate on developing the project instead of thinking of illiquidity. I understand the team taking into account different contingencies, which is good thinking, however, if they announce something, they should also provide more details to avoid unnecessary speculation. |
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cantdecide
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November 13, 2017, 01:15:25 PM |
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News about reserve:
We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.
All the same decided to leave a stock of tokens to ensure liquidity? And these tokens will be sold on the site? No, they will be used it on the free market if there is no liquidity on that market. When we see that there is enough liquidity on exchanges before the launch of our MVP then we will burn the reserve. If everyone is holding there tokens we need to have some reserve for some functions that require the tokens. So if SOMA themself sell token in such a case, how will the price be determined in this situation? Current market price should be used in my opinion. But I do have a lot of questions about this decision and I'd like some further explanation. they should be sold higer of the current market price. otherwise the price on the exchange would stagnate and everyone would move to buy from the site... Can just agree, selling on market price will be a bad decision in my eyes. And I can't imangen that there will be on any point no sell orders, just maybe orders someone don't want to pay? So if SOMA is selling then coins the price can't raise and this would be a price manipulation in my eyes. |
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tiger5056
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November 13, 2017, 01:27:52 PM |
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last two days left. how many percent of token unsold?
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niklasmato
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November 13, 2017, 01:30:46 PM |
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News about reserve:
We have decided to keep that until the launch of our MVP and then we will burn it, unless free market cannot provide enough liquidity to support crucial functions of the Soma ecosystem.
So, does this mean that you are going to sell those tokens if the market has enough liquidity? And if you can't sell you'll burn them? Please tell me that i have completely misunderstood this sentence. thats what i thought too. at first glance it really sounds like that way, but why?!?! hope they will burn them and not use them for mvp or whatever... There should be no problem with the liquidity ... Yes, you keep saying that but the fact is that the huge majority of tokens are in the hands of the angel investors (around 90% if I remember correctly). So what happens if these investors don't wanna sell their tokens?! So does this mean you will sell the token if the market has enough liquidity? Slippery slope here, if you ask me. How one would determine liquidity problems? Why is it a red flag if angel investors don't wanna sell? Because then there's not much trading going on on the markets? If your project is doing good, you should be happy that investors are satisfied and don't wanna sell, isn't it? Well scarcity increases price.. So if the angel investors don't want to sell and there is a demand for the tokens, the price will organically increase. |
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the_donald
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November 13, 2017, 01:38:11 PM |
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last two days left. how many percent of token unsold?
8196949 tokens sold. I don't think this counter still works though. it's the same as a few days ago. |
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ParRus
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November 13, 2017, 01:39:09 PM |
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last two days left. how many percent of token unsold?
8196949 tokens sold. I don't think this counter still works though. it's the same as a few days ago. you can count: Total tokens distributed: 8196949 SCT Supply for Token sale: 54 000 000 SCT 8196949/54000000= 0.15 - sold |
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Bambulee
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November 13, 2017, 02:50:41 PM |
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last two days left. how many percent of token unsold?
8196949 tokens sold. I don't think this counter still works though. it's the same as a few days ago. you can count: Total tokens distributed: 8196949 SCT Supply for Token sale: 54 000 000 SCT 8196949/54000000= 0.15 - sold Thanks 15 % sold now thats nice. many people buy on the last day. |
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cantdecide
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November 13, 2017, 02:55:27 PM |
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last two days left. how many percent of token unsold?
8196949 tokens sold. I don't think this counter still works though. it's the same as a few days ago. you can count: Total tokens distributed: 8196949 SCT Supply for Token sale: 54 000 000 SCT 8196949/54000000= 0.15 - sold Well it's not much but if there is a chance that SOMA will get a hit, the token value will at least increase a lot. |
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Piggy
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November 13, 2017, 02:58:22 PM |
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last two days left. how many percent of token unsold?
8196949 tokens sold. I don't think this counter still works though. it's the same as a few days ago. you can count: Total tokens distributed: 8196949 SCT Supply for Token sale: 54 000 000 SCT 8196949/54000000= 0.15 - sold Well it's not much but if there is a chance that SOMA will get a hit, the token value will at least increase a lot. Yes that may happen but later on, when they have a working platform with actual users using it. |
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loup
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November 13, 2017, 03:14:19 PM |
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last two days left. how many percent of token unsold?
8196949 tokens sold. I don't think this counter still works though. it's the same as a few days ago. you can count: Total tokens distributed: 8196949 SCT Supply for Token sale: 54 000 000 SCT 8196949/54000000= 0.15 - sold Thanks 15 % sold now thats nice. many people buy on the last day. That's true but I don't think that number will increase a lot. |
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magisterr
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November 13, 2017, 03:16:51 PM |
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I think, they must selling this 10% liquidity pool more excpansive than market price. Than price on exchanges will be growing also
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Voltaje
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November 13, 2017, 03:20:57 PM |
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last two days left. how many percent of token unsold?
8196949 tokens sold. I don't think this counter still works though. it's the same as a few days ago. you can count: Total tokens distributed: 8196949 SCT Supply for Token sale: 54 000 000 SCT 8196949/54000000= 0.15 - sold 15%, is little comparing to the whole project, so that means that the volume will be small, and the project will grow slowly, the token will have more value, and the amount of investors small too, but it will grow steadily to the moon. |
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pynetx
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November 13, 2017, 03:28:22 PM |
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I seen, that they have MVP only in Q 2018? Do they have more detail roadmap? For each month at last?
Well, closed beta must be near, usually it's not very different from the final product, which will just have minor improvements regarding UI and less bugs (if there are any) Yeah, according to their roadmap we will still see the closed beta in 2017. Hopefully, they can stick to their schedule and there won't be any delays. It's getting too much time without an update. SOMA guys should update the community about their plans and should answer their questions. Community support isn't their strength. It's a pity that they extended the ICO without any reason. But I hope they will fix this after the ICO. A strong community is backbone of any project and when project owners don't care about the community then things might go south also, |
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