Re: [ANN][ICO] SOMA - The Social Marketplace

After ICO you can buy remaining SOMA tokens on their platform. Also interesting: "Soma will provide a "liquidity reserve" of SCT, which will only be utilized in a theoretical situation, for instance, if after the ICO the SCT is not liquid enough to support the functioning of the Soma platform." From whitepaper.

They wont burn it? Dont like that idea, i hope it doesnt backfire back on them. I dont see the reason of doing that since their ICO is going quite good.

Im sorry for the confusion, I read this in the technical whitepaper, page 5:

''Soma Community Tokens can be acquired (in
exchange for Ether) during the ICO. After the
completion of the ICO, purchasing SCT for Ether
will be available via the Soma platform. The price
of SCT will be set according to its current price on
the stock exchanges.''

But I read it wrong, I thought the remaining tokens would be sold on the platform, but I read now that the remaining tokens are getting burned.

Nevertheless, it's an interesting part of the Whitepaper that you quoted. Could these SCTs that you can buy via the SOMA platform after the ICO be part of the 10% liquidity reserve, they will keep if the ICO will not get sold-out?

No, they announced it they won't. Probably they will implement in their system to buy/sell soma in their platform it is what i understand from this sentence.

The part of the technical whitepaper, that Yasemine quoted is still valid. So unless some whales get on board and buy all tokens, there will be SCTs available to buy after the ICO. Just not the whole amount of the unsold tokens. They will keep a 10% reserve for that purpose:

Here is the statement from Telegram.

"The unsold tokens will be burnt, expect the 10% liquidity reserve, which will only exist if the the ICO will not reach the hard cap. The rationale for the liquidity reserve is to ensure smooth functioning of the Soma platform in theoretical situation where onboarding users to the platform would not be able to buy SCT from the open markets. So it is a supportive SCT reserve for the platform for the unlikely event. If the liquidity reserve is not needed, these tokens will be burnt also."

Why do we have to find that out in such a roundabout way? They have a whole page on their website dedicated to documents, including a paper for the ICO specs. Why not write that information in there?