[ANN] [ICO] Soma Lending (XSML): Decentralized Lending Application on Waves

[Jay-Raymond]

Introduction

Hello everyone out here, my name is Jay, I have founded Soma Lending. My project is a crypto lending platform on waves blockchain that allows people to lend or borrow more than 150+ of any liquid ERC-20 tokens. I was always passionate about the possible things that blockchain can do, but never really tried to create anything myself. Now I have this opportunity.

Soma Lending - Lend & Borrow crypto anytime and earn weekly interest paid to your waves wallet, since my project is not that big yet, at the start I will handle all lending/borrowing requests by myself, later if there is overload of requests I will add more Soma managers, so all lending requests are processed fast.

ICO Details

X Soma Lending ICO Details

Anti-Money Laundering (AML) compliance from legal entity: https://github.com/soma-lending/general/blob/master/Anti-Money%20Laundering%20(AML)%20compliance%20from%20legal%20entity

Tokens for public sale: 100,000,000 XSML

SOFT CAP 2K$ (10 ETH)

HARD CAP 5K$ (24 ETH)

ICO Price: 0.00003700 Waves (0.00004$)

Individual Purchase Cap 310$ (1.5 ETH)

1 ETH - 4,189,189.18 XSML

Start Date: 01/08/19
End Date: 30/08/19

To be eligible to participate in our ICO you will have to fill our simple KYC form: https://docs.google.com/forms/d/1hMYtE8oEuvjWVl84PmRn8xPpf9FxErM5iopFKL890tg

Monthly XSML Token Unlock Program

We will take a snapshot of XSML balances across all waves users at the end of each month and distribute the monthly tokens on the 15th day of each coming month. This way we support our loyal hodlers. The tokens will be automatically credited to your Waves account. The exact schedule will be released by the end of this month.

Soma Lending Terms

Min. lending amount 50$
Min. borrowing amount 100$

Interest Rates

Lenders

One week (Five business days) 6.25%
Three weeks (Fifteen business days) 12.5%
One month (Thirty business days) 25%
Two months (Sixty business days) 50%

Borrowers

One week (Five business days) 10%
Three weeks (Fifteen business days) 20%
One month (Thirty business days) 35%
Two months (Sixty business days) 50%

FAQ

Can I Finish My Loan Prematurely?

Yes, you can finish your loan prematurely just paying the outstanding instalments following the same loan terms.

What Collateral Can I Use?
ETH, BTC, XSML and more than 150 liquid ERC20 tokens.

What Can I Borrow?
Same as above.

Token details

XSML/Waves Market: https://client.wavesplatform.com/dex-demo?assetId2=8oQL66wsM16Ka7PZHM4EzY6HzbPYi3uSYV4GeZAXLmSZ&assetId1=WAVES

Token name: Soma Lend
Ticker: XSML
Total Supply: 200M
Block explorer: https://wavesexplorer.com/
Wallet: https://wavesplatform.com/products-wallet

Social media

Twitter: https://twitter.com/SomaLending
Telegram: https://t.me/SomaLending

[JeromeTash]

You can't even show us your white paper, your team profiles or your website but you are so quick on looking for people to send you some Ether for some tokens created out of a thin air.

Are you trying to collect people's data in the name of "ICO"?

[Jay-Raymond]

You can't even show us your white paper, your team profiles or your website but you are so quick on looking for people to send you some Ether for some tokens created out of a thin air.

Are you trying to collect people's data in the name of "ICO"?

https://i.imgur.com/guoNUoF.png

Hello, please read our Anti-Money Laundering (AML) compliance: https://github.com/soma-lending/general/blob/master/Anti-Money%20Laundering%20(AML)%20compliance%20from%20legal%20entity

KYC is done to prevent any unexpected surges of money laundering or the funding of criminal activities.

[JeromeTash]

KYC is done to prevent any unexpected surges of money laundering or the funding of criminal activities.

And yet you, the founder's of the project stay anonymous... Excellent!!!

Don't you think it would be fair enough for you to tell us who you are?
Can we first see the team behind the "project"?

Trust is so expensive these days my friend with so many scammers looming around.

[Jay-Raymond]

KYC is done to prevent any unexpected surges of money laundering or the funding of criminal activities.

And yet you, the founder's of the project stay anonymous... Excellent!!!

Don't you think it would be fair enough for you to tell us who you are?
Can we first see the team behind the "project"?

Trust is so expensive these days my friend with so many scammers looming around.

You clearly haven't done your research on Soma Lending, please come back when you know what you're talking about, until then I can only tell that I am the only one in the team for now.

[JeromeTash]

You clearly haven't done your research on Soma Lending, please come back when you know what you're talking about, until then I can only tell that I am the only one in the team for now.

What other research do I need to do?
Where else do you need me to look apart from the summary from this topic?

It's not like you have a white paper where i could read more about "The Soma Lending Project"

If you are the only one in the team, is it evil to unveil yourself?
And want about this?

We will take a snapshot of XSML balances across all waves users at the end of each month and distribute the monthly tokens on the 15th day of each coming month. This way we support our loyal hodlers.

What were you trying to imply there?

[Jay-Raymond]

You clearly haven't done your research on Soma Lending, please come back when you know what you're talking about, until then I can only tell that I am the only one in the team for now.

What other research do I need to do?
Where else do you need me to look apart from the summary from this topic?

It's not like you have a white paper where i could read more about "The Soma Lending Project"

If you are the only one in the team, is it evil to unveil yourself?
And want about this?

We will take a snapshot of XSML balances across all waves users at the end of each month and distribute the monthly tokens on the 15th day of each coming month. This way we support our loyal hodlers.

What were you trying to imply there?

I have already presented myself to the community. I have some people helping me building this project but they prefer to stay anonymous, since they don't take part in the core developments of Soma Lending. Maybe you want to take a coffee with me? Obviously when the whitepaper is done it will include information about the team, you haven't been following this project, so why you even put questions that already have been answered multiple times?

[frcat]

SOFT CAP 2K$ (10 ETH)

HARD CAP 5K$ (24 ETH)

What can you do with such money? This is salary for one developer. Seems you even cant create site, or why you dont have site? Where is inf about your team?