ICO review Part 1 Soma.co
We all know that ICO´s (initial coin offering) are fraught with scams however with a comprehensive analysis , you will be in a better position to make an intelligent decision. Today, I will analyze Soma.co
Note: The opinion presented here is my personal opinion and not a financial advice.
Soma is a revolutionary decentralized platform which facilitates trade inside the Soma Community through a rewarding system that enables beneficial collaboration of the community members . ( https://soma.co/ ). The company is founded in Finland and its main segment is social marketplace. The great thing with the company is that members are rewarded positively if they engage in actions that will benefit other members and the community as a whole-this is done with Community (SCT) a cryptocurrency designed to incentivize the members of the decentralized community to perform value-adding services and act as a fast, secure and cost-effective way of compensation. (source : https://soma.co/ )
ICO will end on the 26th of October 2017
Token price: 1 ETH = 450 SCT
Max cap: 120 000 ETH
Supply for Token sale: 54 000 000 SCT
Team Members
- Jukka Hilmola (Co-Founder) a management consultant and co founder of Suomen Pikipojat Oy in Finnland –he has experience in negotiating with angel investors and VC’s, expanding businesses to foreign markets and consulting .
- Joseph al Sharif (Co-Founder) An Entrepreneur with corporate experience in sales and marketing in SME’s and large corporations.
- Sami Suosalo (CFO) with experience in financial services and consulting
The diagram above shows how funds will be used and as we can see there is huge interest in marketing and development which is a good sign. Here is a link to their white paper https://soma.co/wp-content/uploads/2017/07/Whitepaper-2.pdf feel free to check it out .
Due to the huge potential of a decentralized social market place plus further analysis I therefore give the firm a low risk score and medium hype score –however there will be huge investment in marketing after the ICO, therefore the long term investment potential is good (if all goes according to plan).
What do you think about the ICO? send in your comments and please would you up vote my post in order to send in your support, click follow in order to see future posts from me on your feed and resteem in order to share this post with your followers.
Pls see my former post: What is the True Meaning of Freedom
For those who want to be an investor in Bitcoin wallet see X coins link: https://xcoins.io/investors?r=v93e2z
I'm new to a lot of this stuff and buying into ICOs is something I'm interested in (at a later time.) Hopefully, you'll be doing more of these to look into? Thanks @charles1
nice one...we need more of such... so one can buy these coins before it ends in 2 weeks time and still enjoy the benefit of the ICO? good to analyse ICOs here so other exprienced steemians have their say before one finally decides...nice post worthy of my upvote
Upvoted ,followed and resteemed
Thanks and welcome
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by charles1 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
Done Upvoted, Resteemed and Followed.
wlcome @cy712 guess you are new...why the interest in the ICO? I lik e the concept
welcome and more success
It sounds good ! But for me , for now im just sticking with steem until im used to dealing with it and feel more comfortable ! LOL! Everything is new to me , including the internet !! So maybe in the future if I can afford it I will try more stuff out a bit at a time ! Thanks for sharing my friend , upped and resteemed !!💕💕👍💕👍
Nice comment @karenmckersie
Always too careful and selective...my kind of... But many are already hoping into ICO...i started 2weeks ago and learning the rudiments...however started small ... Maybe wenever you ready i will be the ICO guru to take you along a smooth ride...💪
Sounds good and thank you ! Yes keep in touch and let me know how its going for you and if its worth the risk at all ! Steeming on !! 💕✌👍
Sure will do ma'am @karenmckersie
Let's keep steeming hot
Sounds good to me ! LOL! ♨♨♨♨🔥🔥🔥🔥
💪😘...urghhh feeling so 🔥
Haha !!🔥🔥🔥
The post was for ICO review.Keep steeming to more success 💕💕👍💕👍 thanks for your comment
I guess we will have to wait and see what happens after the ICO offering , always steem ingredients on my friend ! 👍✌💕
Good point, I indicated a solid point on my new post ie about the futire of steem..feel free to see it
Thbanks !👌✌
welcome
😉👌✌💕😉
😉👌✌
This wonderful post has received a bellyrub 1.64 % upvote from @bellyrub thanks to this cool cat: @charles1. My pops @zeartul is one of your top steemit witness, if you like my bellyrubs please go vote for him, if you love what he is doing vote for this comment as well.
Thanks bot
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Thanks @originalworks
nice information.
it's useful.
Thanks for sharing @charles1
you are welcome, thanks for your comment
Wow, I've read some parts, its said that the traders (buyers/sellers) can interact and will be given incentives.
Yes and that is a very good thing isnt it?