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.

Technology Behind SOMA a cryptocurrency running on the Ethereum Blockchain.

Transactions will run on the Ethereum blockchain. The web platform will be compatible with Metamask and Myst browser, making it easier to bridge non-crypto users to our platform for the first time. Our front end is hosted on AWS CloudFront in multi geo locations, which scales automatically to handle any load of users.

Project Details.

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.

SOMA FEATURES

The company also plans to release an interactive map. By promoting interactive maps, participants can obtain SCT tokens. Card promotion can be done both within the platform, creating community, and outside the platform of Facebook, Twitter, Instagram. The platform functionality will allow participants to mark, track preferred elements, share and write comments. For this action, platform participants will also be rewarded. Thus, SOMA gives its users the chance to get a token.

According to platform developers, with the expansion of the community, the popularity of tokens will also grow. Token SCT, facilitating interaction between community users. With the help of credit card, PayPal, bank transfer, user will be able to make deposit. After making a deposit, the funds will be credited to SOMA account.

About Sales And Distribution of ICO Tokens

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

As for the round of ICO funds will be used as follows:

35% Marketing and launching area
20% Product development and technology
20% Legal and patent issues
15% of the operational team
10% Community Rewards (We will reward community ambassadors and marketers).

Soma Community Tokens will have a maximum of 60,000,000 units. Total supply of 60,000,000 SCT is created for the ICO, out of which 54,000,000 are distributed for the contributors in the ICO.

The last 6,000,000 SCT units will be used for growth, such as marketing, rewarding active community members, and incentivize the founding team. Funds are managed by Soma.