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A Decentralized Social Marketplace

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Crowdsale cap

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Smart contract blockchain

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Team:

Jukka Hilmola - Business

Joseph al Sharif - Business

Sami Suosalo - Business

Ville Valkonen - Legal

Sylwia Rogowicz - Tech

Tomasz Cichowicz - Tech

Anna Makowska - Tech

Vladimir Serbin - Tech

Tomasz Klim - Tech

Johannes Eret - Visual Design

John Salinero - Visual Design

Arto Joensuu - Advisor

Marcin Zduniak - Advisors

Michael Gord - Advisors

Aki Inkeroinen - Advisors

Dominik Zyskowski - Advisors

Expert Review

TokenTops
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4.4 out of 5

Combining a social media platform with a marketplace is a very interesting idea. Social media have been used by many for selling and trading their goods for a long time, so that seems reasonably to provide a good tool for them. The users will be rewarded tokens for various activities, which can be later spent on buying goods from the others. The biggest struggle SOMA will face is whether or not they will be able to gather a lot of users for their community, as in the amount of active users lies the future of the platform. For sure, there is no need to worry about execution of the project and delivery of the platform, as when it comes to the technical aspect the team is full of experienced and professional programmers. From pictures that we can find on their site, the mobile app demos are looking very interesting both when it comes to features and also with the design itself.

User Review

Write review 10 reviews
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karmakeddon09 september 2017, 03:51

Soma utilizes what we the users have been doing all along. Social media has been ingrained in most of us that it is nice to get rewarded for doing these things that we already do like sharing stuff and following others. They will be successful in the future as there will be a new breed of millenials who will be raised using social media platforms and will get attracted to this project because of the reward system.

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iamark31 august 2017, 06:19

The website is amazing. Soma stands for the Social market and is a blockchain based.
I'd like their rewarding system includes generally known concepts from traditional social
media platforms, liking and sharing and utilizes the blockchain technology to incentivize its users to leverage
social capital. offers its users various payment methods inside the platform, such as fiat currency, Bitcoin, and few major altcoins. A genuinely free market for items and can track the real price chains in the everyday trade. Prices determined in the transactions are most accurate market prices. Soma platform is the beginning of a new era of unrestricted trading with no futile intermediaries in the value chain. Good Luck!

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Vince_222220 august 2017, 18:08

The design of the site and the app is wonderful. Simple and beautiful. Easy to use.

They want to create a very good trading and selling platform. All the trades can be paid for with this coin. It will be a good place for independent creators to sell their good there. There are no places for thieves and scams as everything is secured and made transparent thanks to the blockchain technology. There will be many rewards encouraging people to trade as often as possible which will boost the market and exchange of goods. It will also lack any fees that we know from today's sites that take a significant amount of profit from a seller that lists his stuff there.

It's not only a matter of me believing it will succeed. This project actually has everything a project needs to succeed.

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ennas19 august 2017, 05:52

Soma is said to utilize the well-known social media behavior (such as liking, following, and sharing) along with token-based incentives for community members to cooperate and help each other and the platform as a whole. I believe this alone is enough to meet up to the rivalry of other well known and established platforms. the fact that more people are attracted to interactive platforms that value their opinions, contributions as well as their reviews on whether the product is goo enough or not, gives them an edge in the competitive market.
the fact that Soma would also be acting as arbiters or trusted escrow agents in others’ transactions gives the parties involved in the transactions a form of assurance of safety.
thumbs up to them.

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themainman17 august 2017, 17:54

Soma is a platform that facilitates trade inside the Soma Community through a rewarding system that enables beneficial collaboration of the community members. soma community consist of a cryptocurrency (SCT) which offer incentive to users that perform value added services. Soma is managed by group of web programmers, project manager and marketers
pros
10% bonus on token purchase
up to 54 million token supply for sales
cons
accept ETH only
ERC Token Supported Wallet alone
US citizens are not allowed

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Herlina17 august 2017, 12:44

Great project, this 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.

The advantages Soma, So far I have not found a disadvantages in this project.

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Richard Guy15 august 2017, 12:25

So they are going to try and create a platform for people to exchange goods, but keep in mind that we already have emperor of this kind of thing, which is Amazon. I mean they have recently boomed into like the biggest corporation in the world. It's hard for me to imagine someone being able to compete with them, so it can be a huge drawback for just starting platform.

From the technical part of view, using blockchain is a big step forward in trading goods. The platform itself looks very good and the design is also very simple and makes it easy for everyone to use. Because it's based on a blockchain all the fees are drastically lowered so it can encourage the sellers to transition to this platform.

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Glory9015 august 2017, 09:54

This a decentralized, blockchain-based social marketplace wherein users can securely and reliably trade with one another and are rewarded for interactions and engagement using Soma Community Tokens (SCT). Soma utilizes well-known social media behavior (such as liking, following, and sharing) along with token-based incentives for community members to cooperate and help each other and the platform as a whole. For example, users can gain SCT by promoting items listed on the platform (either within Soma or on other social platforms), or by acting as arbiters or trusted escrow agents in others’ transactions. There is also a system for rating and providing feedback to sellers and arbiters.

disadvantages: Member privacy is needed.

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rifatrony512 august 2017, 20:09

Soma is a great project, in which many people have experience in the world of crypto curency.
I think it will be a big investor who will be interested in joining this project.
I Like Their rewarding system that enables beneficial collaboration between the community members.
I wish their projects have been pretty successful.
Good Luck!

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Nik09 august 2017, 12:44

Interesting concept

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