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Soma – Part 4: Social Marketplaces and the diversion in the Digital Era

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Welcome to Part 4 of the Soma Blog Post series, where we will take you through a journey teaching you all about Soma and what makes it special.

 

Before you read this blog I would recommend that you read the others here so that you are acquainted with Soma and its concept.

Marketplaces and Cities in History

The trend in which cities have functioned throughout history is dynamic. Municipalities would usually be formed around strategical locations rather than random ones. The demographics and purposes have drastically been altered especially since entering the modern era. Cities prior to the industrial era were formed around three primary reasons;

  • Their geographical economic significance, this being that cities would usually be built on trade routes and areas that prosper in terms of trade.
  • Their geographical location in terms of strategical position in relation to warfare, this being where cities would be built around key geographical locations
  • Their geographical resources significance, this is where cities would be founded around key substantial resources.

Marketplaces in History

Hopefully, the adoption of Soma will be wide spread and in a couple of years it will become a mainstream marketplace for many people.

Each one of these categories had marketplaces in them. Trade and commerce was a defining feature in these centuries.

Preceding the Modern Era the hearts of cities would lie in their Marketplaces, not governmental buildings or a city centre. Marketplaces would define cities. People would congregate in the Marketplace and it served a social importance as well rather than just an economic one.

In Marketplaces many buildings that allow interactions would be available such as primitive pubs, cafes and tea houses.

Ok, so what does this have to do with Soma?

When society had entered the digital Era, marketplaces had radically changed, social interaction and trade diverted so each evolved in their different ways, Soma endeavours to bind the two again and create a social Marketplace that encourages social interaction.

If we analyse economy and society today we see that each have their own platforms with their own purposes. Commerce is completed on sites such as Ebay, gumtree and so on.

These transactions although completed on such systems would also leak onto social platforms such as Facebook and Snapchat.

So how is Soma going to do this?

Soma implements a variety of features and aspects that promote social interaction.

Users no longer can hide behind anonymous accounts and deal with other anonymous users and Soma has been built from the ground up with social interaction in mind.

The Rewarding System – User Rewarding System (URS)

Soma has conceptualized a new system that advocates and supports social interaction. The team have conceived a new system – User Rewarding System.

This is a system that utilizes the Soma Community Token.

The Soma Community Token is an ERC-20 conforming token that has been created mainly to enable the URS that will reward users.

The URS is embedded into the foundation of soma and is a core principle of it

Through it Soma will achieve a perfect “meritocracy” that will encourage users to participate in the community and will create an exceptional model of how wealth distribution should be in the modern era.

The User Rewarding System runs solely on two core guidelines, these being:

  • It should be recognized that whenever a user benefits the platform in anyway, that user should be rewarded for his/her actions.
  • The compensation that a user receives should directly correlate to the amount of benefit  the user has resulted.

This reward will be in the form of SCT tokens so as to ensure the return of social Marketplaces that once existed.

Useful Quick Links

Whitepaper Page

Soma Official Website