SOMA allows buyers and sellers to transact directly with one another and users to monetize social capital. A patent-pending protocol tracks provenance and ownership history accurately and securely on the blockchain.
The SOMA Android app provides a gateway for users to access the SOMA social marketplace from the palm of their hand. This is the MVP of the app. A full-functionality iteration will follow.
SOMA is a revolutionary decentralized platform that facilitates trade and social interaction powered by blockchain technology and a native cryptocurrency (Soma Community Token, or SCT) for liquidity within the Soma Community. Soma is a free-market ecosystem—free of market manipulation, price-fixing, gouging, and bloat.
A defining feature of the Soma platform is the merging of social interaction and trading in a single digital platform. Traditional social media interactivity, such as liking and following, will bring a social element to the trading experience. Soma will also integrate other interactions to promote beneficial social behavior.
Our sleek trading platform empowers users to buy & sell in seconds, rather than minutes. Soma is creating a mobile-first commerce infrastructure with a smooth user experience and intuitive interface between users.
Every transaction that happens inside the SOMA platform will transfer ownership not only of the physical item but also of its corresponding Heimdall Protocol. Heimdall, via an item’s Interactive Item Card (IIC), is a digital representation of the physical item. It includes ownership history, the condition of the physical item, the genuineness of the item, price history, and other critical data. Most importantly, an item's Heimdall Protocol will accrue social value inside the Soma Community via user interaction, and these social interactions may be reflected in the value of the physical item.