Soma ICO offering

A Decentralized Social Marketplace

Whitepapers


Our ICO is now ended. We want to thank all of the contributors.

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.


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IOS
Coming soon
Android

Features

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.

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.

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.

Soma iOS app gallery

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Max Supply
Required limit
Value
60,000,000 SCT
54,000,000 SCT
1 ETH = 450 SCT

The last 6,000,000 SCT units will be used for growth, such as marketing and rewarding active community members. Note that the pre sale bonuses are paid out of this (6,000,000 SCT) fund.

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

35% Marketing and area launches
20% Product development and technology
20% Legal issues and patents
15% Operational team
10% Community reward (We’ll reward the ambassadors and marketers of the community)

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

Team

Jukka Hilmola
Co-Founder
Joseph al Sharif
Co-Founder
Sami Suosalo
CFO
Ville Valkonen
Legal advisor
Sylwia Rogowicz
Project manager
Tomasz Cichowicz
Senior Developer
Anna Makowska
Senior Developer
Vladimir Serbin
Senior developer
Tomasz Klim
Security specialist
Johannes Eret
Creative manager
John Salinero
Design director
Arto Joensuu
Marcin Zduniak
Michael Gord
Aki Inkeroinen
Dominik Zyskowski
Ville Hilmola
Jukka Hilmola
Co-Founder
Joseph al Sharif
Co-Founder
Sami Suosalo
CFO
Ville Valkonen
Legal advisor
Johannes Eret
Creative manager
John Salinero
Design director
Arto Joensuu
Marcin Zduniak
Michael Gord
Aki Inkeroinen
Dominik Zyskowski
Ville Hilmola
Sylwia Rogowicz
Project manager
Tomasz Cichowicz
Senior Developer
Anna Makowska
Senior Developer
Vladimir Serbin
Senior developer
Tomasz Klim
Security specialist

Partners

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