SOMA Finance Plans to Issue Digital Security
A joint venture of MANTRA and Tritaurian Capital, SOMA Finance aims to introduce the first token for retail investors that fully adheres to securities regulations.
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Rather than being a simple cryptocurrency, it represents a non-cumulative, participating preferred stock of the company with associated dividends. This implies there's no mandatory dividend payout in the event of financial downturns.
The company intends to sell the tokens in multiple tranches, with a projected revenue of approximately $5 million.
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