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SOMA Finance, a decentralized exchange and digital asset issuance platform, announced it will issue the $SOMA token at the end of this month or by early October. According to the press release, $SOMA is the first legally issued and compliantly structured digital security that offers tangible benefits to token holders, including dividends and corporate ownership.
SOMA Finance plans to sell up to $5 million worth of $SOMA in tranches, with the first tranche priced at $2.5 per token. Holders will have the right to a dividend of up to 10% of SOMA's profits.
William B. Heyn, co-founder and co-CEO of SOMA Finance and CEO of Tritaurian Capital, said, "We have been working quietly but diligently to develop the necessary technology to launch a revolutionary decentralized marketplace for digital assets, compliant digital securities, and NFTs while liaising with regulators to provide a highly regulated decentralized financial platform."
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