Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] SOMA - The Social Marketplace
by
germsite
on 09/11/2017, 08:29:35 UTC

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.



Ok and that money flows into the development fund or what is the liquidity reserve supposed to be used for?