Holiday Countdown Token Award #4 – SOMA

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The Panxora Holiday Countdown Award for December 19 is 25 Soma tokens

Summary: A decentralised social marketplace.

Details: Soma is a revolutionary decentralized platform which facilitates trade inside the Soma Community through a rewarding system that enables beneficial collaboration between the community members. Users are encouraged to engage in actions that will benefit the other members and the community as a whole by rewarding such actions with Soma Community Token (SCT).
Soma Community Tokens will have a maximum of 60,000,000 units. We are launching 60,000,000 SCT in ICO, of which 54,000,000 are sold at ICO. The last 6,000,000 SCT units will be used for growth, such as marketing and rewarding active community members. Funds are managed by Soma. Note that the pre sale bonuses are paid out of this (6,000,000 SCT) fund. As for the ICO round – the funds will be utilized as follows:
• 35% Marketing and area launches
• 20% Product development and technology
• 20% Legal issues and patents
• 15% Operational team
• 10% Community reward (We’ll reward the ambassadors and marketers of the community)

Financial

The SOMA ICO ended in November of 2017, raising $6m. The token has suffered the same slump that has touched almost every token in the market but they are announcing partnerships that move their agenda forward.

SCT (Soma) can be traded at 2:1 leverage. It can also be used as collateral to back trading other instruments. (1:1) Fees.

Market cap at launch – $6m
Circulating Supply – 8,351,176 SCT
Total Supply – 14,418,075 SCT

Further information

SOMA Website
ICO Bench
Whitepaper

This blog is not investment advice. It is provided for informational purposes only. It is not a solicitation or offer of investment advice of any kind.  Consult a professional investment advisor before making any investment decisions.
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