Soma stands for the social market. Soma is a blockchain-based social market that supports the Soma community by applying a reward system that uses Soma Community Token (SCT), which is crypto designed to incentivize community members to action that creates social wealth in society. Soma allows its users to interact socially with the various features that are implemented on the platform and users get rewarded for doing so. Soma encompasses the common concept of traditional social media platforms (ie likes and sharing) and leverages blockchain technology to incentivize users to capitalize on social capital.

Soma is a market where users can safely and reliably trade each other in a decentralized environment. This platform encourages users to engage in lucrative cooperation to give Soma Community members the convenience of a secure and fast platform to trade with the goods they want. The Soma Awarding System ensures that every user who contributes to the creation of social value is rewarded by the Soma Community Token (SCT). SCT is an ERC20 token used within the community to reward and thereby facilitate the organic growth of the Soma community worldwide.

Soma features a patent-pending, Interactive Item Card (IIC). IIC is a unique feature that protects and transfers important information in transactions within the platform. Each physical item listed in the platform creates a unique item card, which is a digital representation of a physical item. Interactive Item Card can be used to verify history of goods, price development and authenticity of physical items.

SOMA features

Interactive Item Card (ICC)


Any transaction that takes place within the SOMA ™ platform will not only change the ownership of the physical item but also the ownership of the Item Card Interactive Card (IIC). IIC is a digital representation of physical items. It includes information on ownership data, physical goods condition, item authenticity and price history. Most importantly, the IIC will collect social value within the Soma Community through different social interactions from users, which may be reflected in the value of physical items.

Safe Payments


Payments within the Soma Community are delivered securely. The Soma Awarding System improves transaction security by providing incentives for community members to act as trusted escrow agents in a transaction. The escrow agent is compensated after a successful transaction on Soma Community Token.

P2P Marketing


Decentralized platforms provide incentives to community members to provide assistance to other community members in various ways. P2P Marketing allows users to obtain Soma Community Tokens by promoting items listed for sale on the platform, facilitating the organic expansion of the Community and the popularity of Soma Community Tokens.

Social Contributions


In the Soma community, trading can be done in a fun way by utilizing the known concept of traditional social media platforms. Community members can interact with each other socially by liking, following or sharing relevant content. Social interaction will increase the social capital of digital content, which can be monetized by the Soma Community Token.

ICO


As for the ICO round - the funds will be used as follows:

* 35% Marketing and launching area
* 20% Product development and technology
* 20% Legal and patent issues
* 15% operational team
* 10% community rewards

Soma Community Token will have a maximum of 60,000,000 units. The total supply of 60,000,000 SCT is made for ICO, of which 54,000,000 is distributed to ICO contributors. The last 6,000,000 SCT units will be used for growth, such as marketing, rewarding active community members, and incentivizing the founding team. Funds managed by Soma.

Roadmap


More info on soma:

Website: https://soma.co/
white paper: https://soma.co/documents/
ANN thread: https://bitcointalk.org/index.php?topic=2129958
Github: https://github.com/Soma-co
Twitter: https://twitter.com/SomaToken
Facebook: https://www.facebook.com/socialmarketapp/

Author (gudanggaremfilter):https://bitcointalk.org/index.php?action=profile;u=1173895

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