The Social Market (SOMA) With Cryptocurrency Adoption

In this era of technological advances greatly affect the lifestyle. most people have gadgets to support their lives. social activities are done online through social media accounts, so this seems to be a daily necessity in life.

Over time, many people who use social media activities not only to greet each other, but also take financial benefits, such as offering goods or services to sell, which then came the term social market. not only up there, the social market-themed website was popping up, where each member is given a page to display its products to sell with a display like an online store. many people call this the marketplace.

Now with the support of blockchain technology, there is a new breakthrough called The Social Market (SOMA). with the support of technological advances in the form of blockchain technology, SOMA offers a new feature that is a new breakthrough combines social market and blockchain technology.

Soma is a blockchainbased social marketplace that supports the Soma community by implementing a rewarding system that utilizes Soma Community Token (SCT), which is a cryptocurrency designed to incentivize community members to perform actions that create social wealth within the community. Soma enables its users to interact socially with various features implemented on the platform and users get rewarded for doing so. Soma includes generally known concepts from traditional social media platforms and utilizes the blockchain technology to incentivize its users to leverage social capital.

Soma is a marketplace where users can securely and reliably trade with each other in a decentralized environment. The platform encourages users to engage in beneficial cooperation to provide members of the Soma Community a comfort of secure and fast platform to trade with their desired items. The Soma Rewarding System guarantees that every user who contributes to the creation of the social value is rewarded by Soma Community Token (SCT). SCT is an ERC20 token which is utilized inside the community for rewarding and hence it facilitates the organic growth of the Soma community throughout the world.

Soma has a patent-pending feature, the Interactive Item Card (IIC). IIC is a unique feature which preserves and transfers important information in transactions within the platform. Every physical item which is listed in the platform creates a unique item card, which is a digital representation of the physical item. The Interactive Item Card can be utilized to verify item history, price development and authenticity of the physical items.

Soma itself has several facilities, namely:

a.         Payment Options, dimana its users various payment methods inside the platform, such as fiat currency, Bitcoin, and few major altcoins;

b.        Soma Comunity Token (SCT), are used to lubricate the trade inside the platform and facilitate Soma’s expansion around the globe. SCT functions as a digital currency in a rewarding mechanism to compensate users who add value to the community by performing crucial functions, such as sharing or promoting an item for other users and acting as an escrow agent;

c.         Deposit, payments & withdraw;

d.        Soma Secure Payment;

To support the project, SOMA will deploy Initial Coin Offering (ICO). The total supply of 60,000,000 SCT is made for ICO, of which 54,000,000 is distributed to ICO contributors. for more details about ICO SOMA, can be viewed through SOMAofficial website here, or also can read SOMA whitepaper here.