What is Soma?

Soma is a revolutionary decentralized platform which facilitates trade inside the Soma Community through a rewarding system that enables beneficial collaboration of the community members. Users are encouraged to engage in actions that will benefit other members and the community as a whole by rewarding such actions with Soma Community (SCT), a cryptocurrency designed to incentivize the members of the decentralized community to perform value-adding services and act as a fast, secure and cost-effective way of compensation.

Coming soon on

Android

A Decentralized Social Marketplace

Soma is a revolutionary platform which facilitates trade inside the Soma Community (SCT) through a rewarding system that enables beneficial collaboration of the community members.

Buy & Sell in seconds

With our easy-to-use trading platform, people are able to buy & sell in a matter of seconds, rather than minutes. Soma’s goal is to create a mobile-first trading platform which ensures smooth user experience and carefree dealings between our users.

Social interactions

The cornerstone of Soma platform is to unite social interaction and trading in a single digital platform. The most famous concepts from traditional social media, such as liking and following, is integrated in our platform to enhance a social trading experience. Moreover, Soma will integrate various other social interactions to facilitate social behaviour of users. By facilitating social interaction, a trust can be built on a decentralized environment.

Secure and transparent

By utilizing blockchain, our platform is able to store crucial information in a new, revolutionary manner. Current trading platforms suffer from a lack of transparency and security, leading to a problems with counterfeiting and deceits. Soma implements various features that guarantees a total comfort for our users to engage in trading with people around the globe. The concept of Interactive Item Card stores key information of an item, and users are rated by the vefification level and feedback.

Integrated logistics

A five-star global trading platform cannot exist without a logistics integration that enables a hassle-free arrangement of item delivery. Soma implements a solution that utilizes AI to coordinate a fastest and most cost-effective way of transport.
Every transaction that happens inside the SOMA™ platform will not only change the ownership of the physical item but also the corresponding ownership of the Interactive Item Card (IIC). IIC is a digital representation of the physical item. It includes information about the ownership data, the condition of the physical item, the genuineness of the item and the price history. Most importantly, the IIC will accumulate social value inside the Soma Community through different social interactions from the users, which may be reflected in the value of the physical item.
The decentralized platform incentivizes the community members to provide aid to the other members of the community in various ways. The P2P marketing enables users to gain Soma Community Tokens by promoting the items that are listed for sale on the platform, facilitating the organic expansion of the Community and popularity of the Soma Community Token.

Payments inside the Soma Community are delivered securely. The Soma Rewarding System enhances the security of the transactions by providing an incentive for a community member to act as a trusted escrow agent in a transaction. The escrow agent is compensated after a successful transaction in Soma Community Tokens.
Within the Soma community, trading can be done in a fun way by utilizing the concepts known from the traditional social media platforms. The community members can interact with each other socially by liking, following or sharing the relevant content. The social interactions will increase the social capital of the digital content, which can be monetized by the Soma Community Token.

New feature that ensures a one-stop-shop for trading with cryptocurrencies

In 2018, Soma will release a feature that enables masses to adopt cryptocurrencies in their daily trading activities. Say Hi to our P2P-crypto wallet, which ensures a comfortable way to receive cryptocurrencies as a payment and gives instant access to multiple cryptos in seconds. Exchange between cryptos through your own personal P2P wallet, manage & track your portfolio and cash out your earnings all in a one place.

Instant access to cryptocurrencies by Soma P2P network (Upcoming)

We are proud to tell that Soma will not only be a decentralized marketplace for items. Crypto industry is in need of a platform that will bring crypto economony to the masses. Hence, Soma will include a decentralized P2P network for cryptocurrencies, enabling our users to instantly exchange between their desired cryptocurrencies. Secure wallet to store cryptocurrencies, manage portfolio to track gains and losses and easy access for people outside the cryptoworld are issues that will be solved. In fact, people can gain their very first access to cryptocurrencies by selling their unused items – a comfortable way for people who don’t want to put a share of their active income to a highly volatile cryptos.

Q3

2016
Development of Soma began

Q4

2016
Soma secured its first funding round (Pre-seed)

Q1

2017
Soma raised capital from the angel investors with a valuation of 1,5 million euros

Q3

2017
ICO and closed alpha release

Q4

2017
Closed beta release / Technical white paper

Q1

2018
Open beta release

Q2

2018
MVP release

Q3

2018
Open beta release

Q4

2018
MVP release

Partners

As seen on media

Trade now!

Token Address
0x63b992e6246d88f07fc35A056d2C365E6D441A3D
SCT
Decimals
18

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