Tezos (XTZ) is Now On Huobi Global, SOMA should be next!

2018-12-20T08:04:06.000Z Honest Cash

Tezos has been listed on Huobi Global, Don’t you think the decentralized social marketplace SOMA(SCT) should be next!

On 12th Dec, world’s third largest Exchange Huobi listed Tezos (XTZ) which is ranked as a top 25position on CoinMarketCap’s list. Huobi decision of listing had a substantial impact on the market performance which triggered a spike of almost than 13%.

Regarding the listing, Huobi released a statement

“Tezos (XTZ) will be launched on Huobi Global on December 12, 2018 (GMT+8). Deposits will be available from 14:30, December 12, 2018 (GMT+8). XTZ/BTC and XTZ/ETH trading will be available from 18:00, December 13, 2018 (GMT+8). Withdrawals will be available from 14:30, December 16, 2018 (GMT+8).”

Tezos was launched as an ico on July 14, 2017. The ico raised an around $232 million which was almost ten times of set targets by the team. Arthur and Kathleen Breitman co-founded the project.

Even though Tezos was launched a year ago, it has gone through the power struggle between the cofounders Arthur and Kathleen Breitman versus the former president and board member Johann Gevers. It also has faced from class-action lawsuits by disgruntled ICO participants due to the delay in token issuance.

Now since most of the issues have been resolved let’s look at Tezos Project

What is Tezos (XTZ)?

As per Tezos website,

Tezos is a blockchain that can evolve by upgrading itself. Stakeholders vote on amendments to the protocol, including amendments to the voting procedure itself, to reach social consensus on proposals. Tezos supports smart contracts and offers a platform to build decentralized applications

Tezos is similar to Ethereum but has better features compared to Etherum Platform

Tezos aim is to build a blockchain removing the negative factors of existing blockchains of Bitcoin and Ethereum. Tezos was successful in launching the blockchain which is far less computationally intensive, requiring less power to mine ( bake) as Tezos define them, still maintaining a reliable PoS consensus mechanism.

From an investors standpoint, Tezos is considered to be a strong competitor to BTC ad ETH and has definitely more room to grow. Currently, it is trading in the range of $.37 down almost 97% of ATH of 10.74.

If you wish to own some of this token you can buy from Huobi at an attractive price.

To know more about the project visit

Website: https://tezos.com/

Foundation: https://tezos.foundation/

Block Explorer: https://tzscan.io/

In line with the listing of Tezos, I believe Huobi should also look into the project SOMA (SCT) as a good projected to be next listed in the platform.

What is SOMA?

Image result for SOMA SCT

Soma is a revolutionary decentralized platform that facilitates trade and social interaction powered by blockchain technology and a native cryptocurrency (Soma Community Token, or SCT) for liquidity within the Soma Community. By disintermediating the value chain, buyers and sellers can realize greater profits. At the same time, an innovative rewards system incentivizes beneficial collaboration and ensures that value-adding services are compensated — Jacob Andra, CMO@Soma

To put in simple words, SOMA is a decentralized marketplace wherein sellers, and buyers can securely and reliably trade with each other. Unlike the conventional online shopping, SOMA harnesses the goodness of social interaction factor (Liking, Sharing, etc.) to help the buyer with decision making and provide him with genuine feedback via its online platform which will be launched by Q1 2019.

Of the projects I reviewed recently, SOMA is one of the projects with strong fundamentals. One more positive fact is Round -1 funding worth €50,000 from Business Finland,( it can gain funding up to €1 million in Round 2 and up to €20 million in Round 3). There is also a high interest among the top watchmakers ( Bausele , SAVOT, DWISS, Sipilän Kello, Diefendorff etc.) to sign up for SOMA pilot program to which makes me feels that the project has a high chance to gain wider adaptation.

I do own SOMA Tokens which I brought in the first week of December and will be holding it for 2019 as they will be launching the pilot program in 2019. Also, SCT tokens are traded in just two small exchanges and getting listing in a large exchange will surely enhance the value of the project.

To know more about this project visit

Website: https://soma.co/
Twitter: https://twitter.com/SomaToken

Thank you for Reading !!!!

Profile

Disclaimer : The material provided herein is general in nature and does not take into account your objectives, financial situation or needs. While every care has been taken in preparing this material, we do not provide any representation or warranty (express or implied) with respect to its completeness or accuracy. This is not an invitation or an offer to buy or sell cryptocurrencies, nor is it a recommendation to buy or sell specific types of cryptocurrencies. Trading cryptocurrencies on margin carry a high level of risk that may not be suitable for some. Consider your investment objectives, level of experience, financial resources, risk appetite, and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice

Responses