SOMA: Causing a Major Disruption in the social marketing sphere.
Since time immemorial, trading has been an essential part of social mobilization. Earlier, people used to gather into the marketplaces and bazaars for exchanging commodities and trade with items that were imported from the different parts of the world. But with the rapid increase in the rate of globalization, the scenario has also changed worldwide. However, the modern platforms have radically changed from the traditional methods of trading. Earlier, the people used to work behind the curtains. Thus, the current platforms merely offer a forum for trading without any features that would facilitate social interaction. The dearth of social interaction between the users eradicates a vital element, something which has been a natural part of trading and exchange since the beginning of the economic activity between human beings.
SOMA:“SOMA” gets its name from the highly popular term, “Social Market”. The basic purpose of Soma is to retrieve the social aspect of trading back into the digital marketplace. Soma uses all the extensively recognized social media concepts in its platform, such as like, follow back, and share. 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 motivated to indulge in actions that will benefit other members and the community as a whole by rewarding such actions with Soma Community. It is shortly called as SCT, a cryptocurrency designed to incentivize the members of the decentralized community to highlight value-adding services and act as a fast, secure and cost-effective way of compensation.
Why SOMA?Social Offerings:
Within the Soma community, trading can be done in an easy and frolicksome 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 related content. The social conversations will hype up the social capital of the digital material, which can be monetized by the Soma Community Token.Safe
Payments inside the Soma Community are transacted securely. The Soma Rewarding System assures 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 representative is compensated after an excellent transaction in Soma Community Tokens.P2P Marketing:
SOMA is developed using the decentralized platform. This enhances and incentivizes the community members to provide aid to the other members of the community in several ways. The P2P marketing assures users to maximize the profit Soma Community Tokens by advertising the items that are enlisted for sale on the platform, helping the organic expansion of the Community and popularity of the Soma Community Token.Interactive Itemcard:
Shortly known as IIC, this tool looks after every transaction that happens inside the SOMA™ platform. It modifies the ownership of the physical services and also the corresponding ownership of the Interactive Item Card (IIC). IIC is a digital representation of the physical item. It holds information about the ownership data, the condition of the physical item, the genuineness of the item and the price history. The distinctive feature of IIC is that it will ensure social value in the Soma Community through different social interactions from the users, which are a manifestation of value of physical items.Soma builds a social trading platform that has a strong digital asset and unique innovations like the Interactive Item Card (IIC). Soma community has shouldered the responsibility of revolutionizing the social market. Soma is already developed to an advanced stage as the application is in closed Alpha (Testflight version). The use of the blockchain based features, such as the IIC, will be the revolutionary part of the Soma. Soma provides a solution for the identified problem and the business model is highly scalable. Also, the team is highly supportive and talented. This platform will soon conquer the market. The services are kept up to date as per the requirements of the users. In all, SOMA has a bright future.
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