Published On: Fri, Aug 18th, 2017

Ethereum-Based C2C Market Soma Announces Patent Pending Technology and Community Tokens

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Ethereum blockchain-based social C2C marketplace Soma promotes user interaction with trading community members and has announced the launch of its crowdsale. The company’s Community Token crowdsale, scheduled for late August 2017, will begin after the completion of the Soma pre-ICO, which ended on August 10, 2017.
[Note: This is a press release.]
The Soma marketplace leverages Ethereum smart contracts to enable users to create Interactive Item Cards (IIC), a unique company feature. The IICs allow creators to leverage the social contribution of engaging digital content, which results in an increased social value of the associated physical item. The Interactive Item Cards act as a digital representation of physical items, enabling storage of data, related to the item on the blockchain.
The stored information is usually related to the history of the items, their quality, or price fluctuation over time. The IIC card is currently patent pending and represents just one of the recent feature developed for the Soma Community.
Soma’s decentralized platform promotes user engagement with its own incentive structure. The system categorizes active participants as ‘value-adding actors’, as they promote item cards to the correct audience and perform the role of escrow agents that secure …

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