Introduction | Soma (Marketplace) - Decentralized social marketplace (ICO Crowdsale)

hestyliyanty (52)in #ico • 7 years ago (edited)

WEBSITE | TWITTER | WHITEPAPER | TELEGRAM |

| FACEBOOK | GITHUB | SLACK | ANN

Interactive Itemcard (IIC) 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.
Secured Payment 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.
Social Contributions 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.
P2P Marketing 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.

Crowdsale Details

Start Time Presale on now (as of 31-July-2017)

End Time Presale on until 11-August-2017

Total Supply 60,000,000 SCT in total; 4,500,000 SCT available for presale.

Maximum Raise 8,000 ETH in presale, 120,000 ETH in ICO.

Pricing Structure 1 ETH = 450 SCT. Current bonus is 10%, next week it is 5%.

Holding of Funds All funds managed by Soma. Details N/A.

Project Highlights

Technical White Paper The Soma whitepaper is a lengthy but somewhat incoherent presentation of the project’s business model and includes what looks like the IIC patent application. It does not go into any functional or technological specifics. According to the website, a technical whitepaper is to be released soon.TeamThe website lists the project team members with pictures and first names only, along with generalized ‘about’ paragraphs. No LinkedIn or other profile links (or even last names) are provided.