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.

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

I think it will go toward the platform development/expansions as the fund they are now collecting, FIEX probably can give a more exhaustive answer.

This is what I hope because they will need a good amount of money to pay themselves and hired developers to finish the whole development. Only burning coins isn't always the most intelligent option.

It's the best for investors. If there is no demand for it, if you still keep them, investors will pay the price.

As per their business plan, every part of the project was allocated with certain funds and unsold tokens should be burned in order to gain investors confidence on the project.

Well then the situation is quite clear and they should stick to the terms all investors agreed upon when they made their investment decision. It might not even be legal for them to change terms unless they somewhere said that everything is subject to change.