Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] SOMA - The Social Marketplace
by
SomaCommunity
on 31/08/2017, 19:44:05 UTC
Let my first post on Bitcointalk be one of puzzlement:

Why did the ICO progress bar jump from 3% to 0.21%? Did you have a minimum cap, removed it, and now it measures % of max cap reached?

Also, if max cap isn't reached, which obviously it won't, will the remaining coins be burned, or will the devs pocket the rest?

I was one of the 111 pre-salers; I am still enthused about the product itself, but I must admit the mourning process over my 7 lost eths is already well underway. They were so young, so innocent... Cry

The progress bar changed since it showed previously the progress of pre-sale, which had a maximum cap of 8000ETH. Now as the actual crowd sale begins, it will show the progress of it. If the max cap is not reached, the remaining tokens will be locked-up. We did have a quite minor pre-sale phase as we wanted to put substantial effort for the actual ICO round. We have currently doing good in development, our technical white paper is coming out soon, and we have partnered up with well-recognized companies in the blockchain industry to increase the exposure of the Soma project globally.