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

This is still completely confusing. Does anyone have a reliable answer for me in regards to unsold tokens? Will the be burned or offered for sale after the ICO?

Even though we have now a new community manager, I will answer as I understood it, FIEX should correct me if I am wrong:

First of all, unsold tokens will be burned. But if the ICO won't reach the hard cap (which will most likely be the case) they will keep a 10% liquidity reserve out of the unsold token. From this reserve, they will offer SCT on their platform after the ICO.

We will burn all unsold tokens. The liquidity reserve will be burnt as well, if there is enough liquidity to support the smooth functioning of the soma platform. So to conclude - we will not sell SCT anymore after the ICO unless there would an event that there is not enough SCT on the markets to support the Soma platform. When the liquidity is reached, the liquidity reserve will be burnt.

To summarize:
All the unsold tokens will be burnt

It's the benefit of having one community manager. This was the most controversial topic for now. Thanks for clearing it.

That's great that unsold tokens will be burnt.

With this clarity can make investors will not hesitate to buy this token, because by burning unsold token this token will valuable for investment. So soma project has possibility collected more fund and this ico can reached hard cap.

If they reach hard cap, there will be no unsold tokens which could be burned lol so that is not a logic situation you are talking about. More exactly for investors it is better that they don't reach hard cap, because then tokens get burned and the token value will be much higher, if there is the demand for it.