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New SOMA whitepaper forthcoming

Update: whitepaper released

The below announcement was made December 26, 2018. On January 10, 2019, the new SOMA whitepaper was released.

Among other things...Stellar blockchain solution!

While the Ethereum blockchain served SOMA’s early purpose—creating a token, raising funds via an ICO, and proving our concept via an early app prototype—we’ve always planned on migrating to another blockchain solution for better scalability, lower transaction fees, and better latency. We’re proud to announce that Stellar will be part of that solution!

Stellar is an open-source, public blockchain infrastructure designed to facilitate scaling of financial systems. Its low transaction cost makes it ideal for SOMA’s blockchain-based ecommerce platform, and its robust ecosystem will help the launch of our horology marketplace go  more smoothly (the roster of Stellar anchors and corporate partners includes the likes of IBM, Deloitte, and Stripe).

Go to Stellar website

But wait, there's more!

The Stellar integration is part of SOMA’s blockchain solution. We’ll also be revealing a hybrid blockchain model that integrates other infrastructure.

Additionally, we’ll clarify more about the new Stellar-based token, its purpose in the SOMA ecosystem, and other key information so vital to SOMA’s marketplace launch in March 2019.

Whitepaper coming mid-January…stay tuned.

about the SOMA launch