Controversy and clarification on the relationship with Soribada
As the SOBA token was listed on Gopax on March 11th, it is getting hot attention from existing/preliminary investors. Most people who believe that blockchain technology is a solution that can solve various problems in the music market, therefore, send support for the SOBAproject, but some are on the verge of identifying the loopholes of the project.
Yesterday, March 26th, a reporter who has usually reported with hostility about SORIBADA INC., made an article about the content which is not completely true about the SOBA platform. It was exhausting content for the SOBA project team who really worked hard on the platform release. Therefore we would like to clarify the non-true part of the content of the article.
You may check the article below.
Factless 1:
SOBA Project is not related to Soribada
Starting from the fourth quarter of 2020, the team was formed on December 21, 2020, when CEOs of SOBA Global, NFT Global, and Soribada have met together in one place for a meeting. All three firms have a direct relationship with each other, and at that time, Soribada CEO Jo Ho-gyeon and Soribada Ventures CEO Kim Joon-hyuk attended the meeting.
It was a meeting to organize the soba project and discuss future directions. Rather than pioneering only the simple music source NFT market, the Soba platform should become an entertainment NFT platform that can give musicians and fans a variety of experiences and opportunities. Therefore, we decided to mobilize all the manpower and content infrastructure of Soribada as much as possible to carry out a successful project.
The roles of the three corporations gathered here are as follows:
As SOBA Global is an overseas corporation, it delegates all rights related to platform operation to NFT Global, a domestic corporation to facilitate contracts. Then NFT Global signed a contract with Soribada Co., Ltd. for platform development and content provision.
The articles below also explain the contractual relationship between these firms.
- SOBA Global Issues SOBA Tokens for Entertainment NFT Trading
2. NFT Global Signs MOU with Soribada for Development of Entertainment NFT Soba Platform
Factless 2:
Is the developer of the platform is an employee of the SOBA token? The fact is that It is not.
Contractual relationships have confirmed that SORIBADA INC. is the right developer of the SOBA platform. Currently, SORIBADA INC.receives a fair service fee from NFT Global and is doing its best to develop the platform. Even during the busy development period, it performed a platform pre-booking event for prospective users who are interested. This means that SORIBADA INC. made a project team and it is also mentioned in the whitepaper.
Factless 3: There was no prior consultation with the SOBA project partner firm Celeb TV.
Most of the partners introduced in the white paper of the SOBA project are in a contractual relationship with SORIBADA INC. Therefore, these are the places where all the SORIBADA INC.-related project discussions related to content provision and marketing are held. Among them, Celeb TV, a subsidiary of SORIBADA INC., was a partner company that became a problem when the contractual relationship with SORIBADA INC. changed. All contents were changed immediately. In fact, the article is reflected by the English version of the whitepaper before revision.
The latest whitepaper in Korean: http://sobatoken.io/soba_whitepaper_1.0.0_kor-210322.pdf
The latest whitepaper in English: http://sobatoken.io/soba_whitepaper_1.0.0_eng-210322.pdf
We have been busy preparing for the launch of the platform, but we decided to write this article because we believe that this kind of article that is causing damage to investors who trust the project team should disappear. We also believe that when the platform opens at the end of March and we show that the project is being carried out sincerely, this kind of lush rumors will be easily forgotten.
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Reddit: https://www.reddit.com/user/SOBA_Official
Discord: https://discord.gg/2fEuztPwHr
Twitter: https://twitter.com/sobamusicvideo
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SOBA token official website: http://sobatoken.io/
