SOMA.finance logo

SOMA.finance (SOMA)

Finance
Website
TwitterMore socials
Status
STO

SOMA.finance | Globally compliant multi-asset DEX & token issuance platform capable of trading and listing crypto assets, tokenized equities, ETFs, STOs, etc.

Seed round: $6.5 million

Important By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.

Interest lvl
High
Learn more about our rating
User Rating
High
4/5 3 votes
Claim your project
Ticker
SOMA
FoundedUnited States
Registration countryUnited States
Registration year2021
Office address430 Park Avenue 19th Floor New York, New York 10022

What is SOMA.finance

SOMA is a FINRA-licensed and SEC-regulated multi-asset AMM and compliant token issuance platform for tokenized equities, crypto assets, STOs, and NFTs. SOMA will consist of a multi-asset automated market maker (AMM) trading platform where users can seamlessly trade a variety of asset classes against one another, such as tokenized versions of US equities/ETFs and ETH or stablecoins using a shared liquidity pool (LP) where both retail and institutional players can partake, as well as a compliant token issuance platform that allows for Reg D/S/A+/CF launches enabling issuers to compliantly raise capital from both retail and institutional players globally. As opposed to synthetic equities, users on SOMA actually own the underlying assets (1–1 backed).

Users are also able to utilize their LP liquidity tokens to then be able to yield farm a number of different assets including stablecoins, the SOMA token, and even a mixed bag of stablecoins, tokenized securities, and SOMA. Being able to compliantly earn yield on, trade, and take part of newly issued tokenized securities and crypto assets, SOMA.finance is the first to truly bring DeFi to TradFi across a global retail and institutional market.

SOMA.finance Roadmap

1
2nd half of 2021
  • MANTRA DAO & Tritaurian Capital create joint venture partnership to launch SOMA.finance
  • Complete seed round fund raising
  • Acquire Reg CF (Crowdfunding) licence to access US retail investors
2
1st half of 2022
  • Complete liquidity round fund raising
  • Launch v1 platform with tokenized equities, cryptos, ETFs & fiat on/off ramps
  • Integrate DeFi yield farming functionalities
  • Broaden MTL coverage
  • Issue first regulated security token on SOMA platform
3
2nd half of 2022
  • Expand product offering with commodities, precious metals, options & futures
  • Facilitate margin loans & lending
  • Integrate additional blockchain networks including Polygon, Solana & MANTRA DAO Polkadot parachain
  • Acquire New York BitLicense

Token Allocation

Total Token Supply 88,888,888 SOMA

Funding Details

Hard Cap 25,000,000 USD
Funds Raised (as of now) 6,500,000 USD

Token distribution


T&A - 5%
Seed Round + Extension - 6.75%
Liquidity Round - 8.7%
Public Sale Reg CF + ZENDIT - 2.5%
OM Staking Airdrop - 4%
SOME Staking Rewards - 5%
SOMA LP Staking Rewarws - 30%
Reserve Pool - 19%
Liquidity Provision - 4.5%
BD Licence Fee - 4%

Token Price and Payment Options

Token price USD 1 SOMA = 2.25 USD

Project team

William Heyn
William Heyn
William Heyn linkedin-team
John Patrick Mullin
John Patrick Mullin
John Patrick Mullin linkedin-team
Will Corkin
Will Corkin
Will Corkin linkedin-team
James Preissler
James Preissler
James Preissler linkedin-team
Rodrigo Quan Miranda
Rodrigo Quan Miranda
Rodrigo Quan Miranda linkedin-team
Ken Norensberg
Ken Norensberg
Ken Norensberg linkedin-team
Virgil Chan
Virgil Chan
Virgil Chan linkedin-team
Jayant Ramanand
Jayant Ramanand
Jayant Ramanand linkedin-team
Lachlan Greenbank
Lachlan Greenbank
Lachlan Greenbank linkedin-team
Sukhraj Ghuman
Sukhraj Ghuman
Sukhraj Ghuman linkedin-team
Ben Smith
Ben Smith
Ben Smith linkedin-team
Brian Norman
Brian Norman
Brian Norman linkedin-team
Stephen Peepels
Stephen Peepels
Stephen Peepels linkedin-team

Social media

Industries

Leave a Reply

Your email address will not be published. Required fields are marked *

listing on exchanges

Leave a Reply

Your email address will not be published. Required fields are marked *

Sponsored Crypto Projects

NOCtura (NOC) logo
NOCtura (NOC) Sponsored
NOCtura (NOC)
Low
ICO
Flying Tulip (FT) logo
Flying Tulip (FT)
High
IEO
IDO
Rainbow (RNBW) logo
Rainbow (RNBW)
High
IEO

Newly Published