Notices

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[2019-03-06]Notice regarding SMC (tentative name) coin global meet-up  

Hello, this is SOOM Foundation.

 

Many SOOM Coin holders are rightfully wondering about the progress of the project these days.

The purpose of this notice is to update our community on the current status of SOOM Projects and its further development.

 

SOOM Foundation plans to raise additional funds by performing a round of “2nd global meet-up” events, stick to its roadmap, and increase transaction volume to meet the expectations of the holders.

 

1. Raise additional fund by issuing new coin

Many holders may wonder why secondary coin should be issued to raise funds. Like all projects within the crypto sphere, SOOM projects have been affected by the changing market conditions, and overall market value of cryptocurrencies including SOOM Coin fluctuated and fell.

To tackle its current difficulties, SOOM decided to team up with a globally renowned marketing company with a substantial member base more than 4.5 million members in order to promote both fund raising and marketing.

 

2. Global meet-up event

SOOM Foundation is planning to hold around 30 meet-up events in several countries starting with Vietnam on March 12th.

Marketing and promotion of SOOM DUO, X-POS, and SOOM Phone will be performed simultaneously. In order to hold events successfully, SOOM Foundation and its collaborators have been conducting practical consultations and preparing the ground for each event.

 

3. Way to compensate SOOM Coin holders

We would like to express our sincere appreciation to SOOM Coin holders who have been patient and understanding. As a token of gratitude, SOOM Foundation made an official announcement regarding swapping event. Original SOOM Coin holders will be able to swap their coins with a new coin, called SMC Coin.

 

 

                                          [SMC(tentative name) Coin Swap]

  •  Coin Swap Application Period : April 1st 2019 ~ June 30th 2019
  • Applicants : SUM 1st  & 2nd generation events participants, registered in SOOM Foundation’s records.
  • Amount of coins Eligible for Swap : The total amount of SOOM coins swapped from SUM, including SOOM Coins airdropped, will be swapped to SMC Coin.
  • Swap Rate : 1 SOOM Coin = 40 SMC Coin
  • Coin Swap Process
    - Eligibly of each applicants will be reviewed.
    - Coin swap will be performed after the wallet upgrade and the development of mainnet is completed (Scheduled for August 2019).
    - Exact distribution method will be announced through further notice.

※ Batch swap of coins will have a significant impact on market prices which could cause the price  to plummet. Therefore, SMC Coin distribution will be divided into successive rounds. Further   details will be announced at a later stage.

  • Listing of SMC Coin : An announcement for listing will be made in advance. Distribution and listing will be concurrent.

 

 

4. Development Schedule of Mainnet and Hardware

The development of SOOM mainnet has never stopped and will be completed by the first half of this year. At the “World Convention of Small & Medium Enterprises” held in Beijing, China on June 21st to 23rd, 2019, the company will hold the “World Blockchain Technology Forum” following last year where all the source code will be open to public. In addition to 4th Blockchain enabling mobile mining, Soom is developing its own mobile phone.

Despite poor crypto-currency market condition, SOOM mainnet will be able to provide an environment that will accelerate the development of X-POS, SOOM Phone, in addition to the already developed SOOM DUO. Commercialization of SOOM Phone will lead to a truly mobile-based mining. As mentioned above, we will be working together with marketing experts to promote SOOM X-POS and SOOM Phone worldwide and make sure that SMC Coin is a success.

 

5. Other Requests

Through the recent hacking of emails, some recovery phrase and passcodes kept in emails have been exposed. Coins held in personal wallet and credentials are private property of holders and cannot be restored by SOOM Foundation. It is strongly recommended to keep recovery phrase on a separate USB or other hardware. We kindly request you to be extremely careful when keeping confidential information.

 

※ We will continue to inform you with all information through announcements. We look forward to your continued support. Thank you.

[2019-01-04] Notice regarding SUM mainnet  

Hello, this is SOOM Foundation.

 

From January 11th, 2019 10:00(GMT+9), SOOM Foundation will stop SUM mainnet operation. Accordingly, any services related to SUM coin will no more be available, including SUM trading, SUM to SOOM swap, etc.

 

The foundation will not be responsible for any inconvenience occurring after the announced date.

 

Thank you for your support.

[2018-12-06] Notice related to SOOMCoin recovery application  

Hello,

This is SOOM Foundation.

Coin recovery related to the IDCM incident will be performed within 30 days of the receipt of the cooperation agreement from SOOM holders. SOOM holders should send SOOM foundation a scanned file of the required documents with signature.

It would take a considerable amount of time for us to review the application after receipt. For a fast and smooth recovery, therefore, the SOOM holders are encouraged to cooperate and apply as early as possible.

 

Thank you.

[2018-11-27]Notice related to coin recovery in connection with IDCM exchange hacking  

Hello, this is SOOM Foundation.

We sincerely apologize for all these inconvenience related with IDCM hacking incident. Individuals as well as SOOM foundation are protesting but IDCM has remained silent. SOOM Foundation will also take legal action as we are the victims, but this process will take a lot of time and effort. At SOOM Foundation we think that this can be an extension of suffering for individual holders to wait for such a long time.

SOOM Foundation will do its best to deal with IDCM. At the same time, SOOM Foundation decided to compensate the coin to SOOMCoin holders of IDCM exchange provided that holders agreed on terms and conditions for cooperation.

SOOM Foundation hope this decision to be a little comfort to SOOM holders.

    ● How to apply

  1. Take a screenshot of asset status of IDCM exchange(screenshot)
  2. Name, contact, IDCM id, SOOM wallet address
  3. Send an email to swap@soompay.net. title should be ‘IDCM SOOMCoin recovery / cooperation agreement’.
  4. Sign terms and conditions and reply.
  5. Recover coin

 

Send us an e-mail with above information and after confirmation, we will send you an ‘IDCM SOOMCoin recovery/ cooperation agreement’ personally. Date of distribution will be announced.

 

[2018-11-27]Notice related to Mainnet hardfork  

Hello, this is SOOM Foundation.

To solve the problem related with the IDCM hacking, SOOM Foundation has implemented hard fork on SOOM mainnet. We stabilized the process and network is properly operating now.

We issued a patch for Windows and Linux versions of SOOM Wallet. In case of mobile wallet there is no need to apply a patch, however for full wallets (Windows, Linux) it is required to apply patch to connect to SOOM mainnet.

 

Considering hacking incident we will decide and announce date for opening of hardforked source. We sincerely apologize for all these inconvenience.

 

Patches for Window, linux wallet can be downloaded on SOOM Foundation official website.

http://fourthblockchain.org/contributors

    ※ How to patch your wallet

  1. Window
    1. 1Uninstall existing Soom Core

  1. 2 Download new wallet

      2. Linux wallet

  • Overwrite new soomqt to existing soom-qt location.
[2018-11-9] CRP Token Swap Event  

SOOM Foundation is working with CRP to apply the 4th Blockchain technology to CRP platform. Therefore, SOOM Foundation and CRP will swap SOOM Coins and CRP token for development costs and joint marketing. SOOM Foundation is opening an event where CRP token is swapped to SOOM Coin holders at 1:5 ratio.

 

* Applies to: Donators who have swapped old SUM coins to SOOM coins.

- Quantity currently held based on the quantity that is swapped from SUM Coin to SOOM Coin.

- Excluded: miners, off-site traders, abnormal traders

* Period: from 00:00 on 11 November 2018 to 24:00 on 30 November 2018(GMT+9)

 (Mails received after this period will not be considered)

* Swap Ratio: SOOM Coin 1 : CRP Token 5

           (ex.) SOOM Coin 1000 coins -> CRP Token 5000 tokens

* Distribution Date: Distribution will be done during period December 10 - 14 for the donators who applied during the period mentioned above

* Investors who are currently participating in the airdrop event can apply after cancellation of the airdrop event

          (Lock bonus is paid as previously notified.)

 

(e.g.) When the person who participated in the airdrop event on 11th of November for 60 days, applies for the swap event (holding 1000 coins in the wallet):

If you cancel the airdrop, the 1000 coins in your wallet can be traded right away and the 50%, 500 bonus coins will be distributed after 30 days. When you apply for this swap event, you can apply for both 1000 coins you are holding and 500 coins that will be distributed. However, you have to specify them separately.

The applied SOOM Coin will be swapped and distributed in CRP Token in December. The rest bonus coin will be sent to your SOOM Wallet 30 days after the cancellation of Airdrop as scheduled.

  1. Swap Event Application Guide for Airdrop Participants

 1) Cancel the event lock

 2) Install the CRP Wallet

    ( * Check guidelines on the homepage or SOOM Wallet notice section )

 3) Send the quantity of SOOM Coin for application to the foundation’s wallet.

 4) After sending, screenshot and save the transaction details(including transaction ID) 

 5) Apply by mail (swap@soompay.net)

 6) Application details:

 - Name

 - Contact

 - Quantity to apply for swap from holding SOOM coins:

 - Quantity to apply for swap from coins that will be received as airdrop bonus:

 - SOOM Wallet address:

- CRP Wallet address:

- Attach SOOM Coin transaction details (TX ID)

 7) After a list-up and a comparison of it with the existing swap list, it will be distributed in a sequential order from 10th of December to 14th of December.

 

Swap application mail: swap@soompay.net

Foundation’s SOOM wallet address MDwed5ayV3msYb614Kf4nru8pGqvpKnM7m

[2018-10-09] LISTING ANNOUNCEMENT  

Hello, this is SOOM Foundation.
We would like to thank you for your patience and support. Today we are here to happily announce our listing on BitForex.

Below is the listing schedule. 

SOOM Coin will be listed on October 9th at 15:30(GMT+9), it will be available for trading with BTC and ETH.
Deposit opening: 2018-10-09, from 12:00(KST/UTC+9)
Trade opening: 2018-10-09, from 15:30(KST/UTC+9)

At the beginning of its establishment, BitForex has obtained funding from Crypto Capital among other top investment institutions and famous crypto-investors, whom invested more than 100 million yuan. It is a leading exchange with users from over 86 countries and ranked above Top 20 in the world. Exchange user guide and more information will be announced through SOOM official SNS channels. 

Thank you.

  bitforex_guide_en.pdf
[2018-08-24] Notice regarding swapping process  

SOOM Foundation announced release of new SOOM coin, which has a lot of advantages over the former circulated SUM coin; and SOOM Coin will be listed on IDCM exchange platform very soon. This notice is for schedule of swapping process to new SOOM coin.  

-Period: 6th Aug, 2018 ~ 31st Oct, 2018 
-After October 31, swap to new coin will not be available. 

We will not accept any application for swap to new coin after period mentioned above, we strongly recommend to swap to new SOOM Coin as soon as possible. 
(The foundation will not be responsible for any damage caused after the announced date.)

[2018-08-24] 100,000 SOOM X IDCM give to celebrate  

[2018-08-21] IDCM User Guide  

IDCM User Guide. 
Please refer to enclosed file

  idcm_guide_en.pdf