[ANN][ICO] SOMA - The Social Marketplace - page 212.

toolucky98

full member

Activity: 490

Merit: 100

Quote from: imtiazmahmood on October 06, 2017, 02:04:40 AM

Quote from: germsite on October 05, 2017, 04:51:59 AM

Quote from: imtiazmahmood on October 05, 2017, 04:27:49 AM

Quote from: windreamteam on October 05, 2017, 03:50:39 AM

Soma is a platform that will be great for sellers but also for buyers. For exemple thanks to the social network buyers will be able more than ever to create customer loyalty which is a very important point in any business.

yes also soma will accept many payment methods like bitcoin ether and litecoin and Utrust payment etc. i think this project gonna on top. i am so excited because i am part of this project. me and my friend already in invested on Soma project.

What are the products that you can buy on the Social Marketplace?

products will come from people when soma launch. that means everyone will buy sell there own products and get tokens or and cryptocurrency.

Yes, the product will come from the community itself, the buyer and the seller.
And soma platform will be their facility.

imtiazmahmood

sr. member

Activity: 476

Merit: 250

Quote from: germsite on October 05, 2017, 04:51:59 AM

Quote from: imtiazmahmood on October 05, 2017, 04:27:49 AM

Quote from: windreamteam on October 05, 2017, 03:50:39 AM

Soma is a platform that will be great for sellers but also for buyers. For exemple thanks to the social network buyers will be able more than ever to create customer loyalty which is a very important point in any business.

yes also soma will accept many payment methods like bitcoin ether and litecoin and Utrust payment etc. i think this project gonna on top. i am so excited because i am part of this project. me and my friend already in invested on Soma project.

What are the products that you can buy on the Social Marketplace?

products will come from people when soma launch. that means everyone will buy sell there own products and get tokens or and cryptocurrency.

jonnytracker

sr. member

Activity: 672

Merit: 261

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.

so this works like a timestamp notary platform concept ?

toolucky98

full member

Activity: 490

Merit: 100

Quote from: lvsca on October 05, 2017, 09:40:25 PM

Quote from: Heimer on October 05, 2017, 03:06:25 PM

Quote from: ParRus on October 05, 2017, 02:50:08 PM

Quote from: the_donald on October 05, 2017, 02:38:40 PM

Quote from: toolucky98 on October 05, 2017, 01:09:33 PM

Quote from: lvsca on October 05, 2017, 12:06:44 PM

Quote from: ParRus on October 05, 2017, 11:57:10 AM

Quote from: tiger5056 on October 05, 2017, 11:48:25 AM

wow. now every eth you invest you get in to lottery ticket to win 5000 SCT https://twitter.com/SomaToken/status/915964812114452480

The winner will have a nice bonus + this will be an additional incentive to invest, great idea
tiger5056, thank for this link

so, minimum to contribute is 1 ETH to get lottery ticket?

Yes , "for every 1 ETH", so it means the minimum is 1 ETH.
Thats quite a lot for me Grin

maybe it's a lot , but it's good to incentivize large investments. in my opinion it's not that large of an amount. I've invested that before.

large investors invest more 1k ETH, I think this bonus is more for ordinary investors, who believe in the project and invest part of their funds

1k ETH is at current prices someting about 300,000$. Most of "large investors" in crypto worlds don't invest that much in one project (due to high market volatility). Most of them put no more than 100 ETH in on project. Anyway I like this lottery idea Cool

if some one contribute up to 1k ETH, it will easy to reach soft cap. and not need long time for ICO.
lottery ticket is best marketing idea to get more investor.

How much is the soft cap?
I think 1k ETH investment is very rare, so we should not conclude it like that.

belechau

full member

Activity: 686

Merit: 100

Looking forward to Android development. The platform will be a differential due to the wide dissemination. Those who have not yet heard of Soma's potential will testify

lvsca

sr. member

Activity: 1792

Merit: 293

👉bit.ly/3QXp3oh | 🔥 Ultimate Launc

Quote from: Heimer on October 05, 2017, 03:06:25 PM

Quote from: ParRus on October 05, 2017, 02:50:08 PM

Quote from: the_donald on October 05, 2017, 02:38:40 PM

Quote from: toolucky98 on October 05, 2017, 01:09:33 PM

Quote from: lvsca on October 05, 2017, 12:06:44 PM

Quote from: ParRus on October 05, 2017, 11:57:10 AM

Quote from: tiger5056 on October 05, 2017, 11:48:25 AM

wow. now every eth you invest you get in to lottery ticket to win 5000 SCT https://twitter.com/SomaToken/status/915964812114452480

The winner will have a nice bonus + this will be an additional incentive to invest, great idea
tiger5056, thank for this link

so, minimum to contribute is 1 ETH to get lottery ticket?

Yes , "for every 1 ETH", so it means the minimum is 1 ETH.
Thats quite a lot for me Grin

maybe it's a lot , but it's good to incentivize large investments. in my opinion it's not that large of an amount. I've invested that before.

large investors invest more 1k ETH, I think this bonus is more for ordinary investors, who believe in the project and invest part of their funds

1k ETH is at current prices someting about 300,000$. Most of "large investors" in crypto worlds don't invest that much in one project (due to high market volatility). Most of them put no more than 100 ETH in on project. Anyway I like this lottery idea Cool

if some one contribute up to 1k ETH, it will easy to reach soft cap. and not need long time for ICO.
lottery ticket is best marketing idea to get more investor.

kettenschutz

sr. member

Activity: 450

Merit: 251

Consider it a good decision for SOMA to become partners with UTRUST.
Mutually beneficial cooperation, from which everyone will benefit.

toolucky98

full member

Activity: 490

Merit: 100

Quote from: Voltaje on October 05, 2017, 08:59:20 PM

Quote from: cantdecide on October 05, 2017, 07:30:27 PM

Quote from: Rigorous on October 05, 2017, 07:08:12 PM

Quote from: Rigorous on October 05, 2017, 05:43:30 PM

Quote from: Islapdonkey on October 05, 2017, 05:10:24 PM

Quote from: matjas on October 05, 2017, 02:36:56 PM

Quote from: Voltaje on October 05, 2017, 10:41:22 AM

Quote from: Pajulapoiss on October 05, 2017, 09:54:13 AM

Cool project,
But I couldn't really understand how does the IIC actually work?

What would be a simple real life example?

El IIC is a virtual document in the blockchain that will store all the information of an item, including how many times it was bought, it's like a history of the item, so when you buy it inside the platform, you know what the particular item has been through, the downside is that the history starts when the item enters the ecosystem, before that, you will only know the information that the seller fills in, so if it was actually bought 3 times, the first time it may actually say 1, that will depend of the veracity of the seller, of course, if it's found out that the information is false, the seller and item lose credibility, thus reducing the chances of it being bought; its a fantastic feature, and once the platform becomes mainstream, it will become essential.

So first of all, Soma will have to function for quite some time for IIC to actually become meaningful since the items has to be traded only on their platform.
Other thing is how the II card will be bound to the item? Every re-seller can just make a new card and promote it with a different history.

Most item have a scan able barcode, am guessing that will implemented into the platform. Every smart phone with an irc reader can easily scan this barcode. so implementation should be easy. Anyway, as already mentioned the IIC validity only matters if product is traded exclusively on Soma. So I believe the IIC factor will diminish over time cos we dealing with a free market and as such multiple competition is in place. Ebay/Amazon is a huge market but we all know second hand product is not traded exclusively in this sites.

Barcodes are not necessarily unique to each item. Items may share the same barcode for the whole product line/model. Even serial numbers are not necessarily unique because in practice they can be model numbers which are the same for identical items. Therefore I do not believe barcodes can be used to unique identify an item and link that item to an IIC.

To expand on this, let's take an example from the whitepaper:

For example, imagine that there is a musician with a lot of followers as a user in the Soma.

A few years ago Jimi Hendrix's burnt guitar was auctioned. To this day people still doubt whether it is the real thing or if it is a replica.

http://www.strat-talk.com/threads/jimi-hendrixs-original-torched-fender-strat-found.112817/
http://forums.stevehoffman.tv/threads/did-jimi-hendrix-actually-burn-a-guitar-at-the-miami-pop-festival.647676/

Whether it is real or fake, if you can make a replica of an iconic burnt guitar, you can also make a replica of its barcode. So that proves nothing.

Well that's a problem you always will face to. Like in art etc. there will always be people who wants to make money with replica. But for the average user it will probably be not such a big deal because the time and effort wouldn't be worth it probably.

Also as before discussed, it's not save because every trade which takes part outside of the platform will not be registered :/ I like the idea of the IIC card, but still there are some problems with it.

The project will have to be VERY popular for the IIC to function properly, that same function will scare some people that want to fool buyers, so they won't be getting in the platform, or will try it and look for ways to bypass it, but here are those who are not scammer, but want to lie about a product to be able to sell it anyway, because of that another part of the clients will go, so the platform will be getting either good sellers and buyers, and some few bad apples.

Thats a good thing for sure, quality will be better than quantity.
Keep those scammers and foolers away !

Voltaje

sr. member

Activity: 350

Merit: 250

Quote from: cantdecide on October 05, 2017, 07:30:27 PM

Quote from: Rigorous on October 05, 2017, 07:08:12 PM

Quote from: Rigorous on October 05, 2017, 05:43:30 PM

Quote from: Islapdonkey on October 05, 2017, 05:10:24 PM

Quote from: matjas on October 05, 2017, 02:36:56 PM

Quote from: Voltaje on October 05, 2017, 10:41:22 AM

Quote from: Pajulapoiss on October 05, 2017, 09:54:13 AM

Cool project,
But I couldn't really understand how does the IIC actually work?

What would be a simple real life example?

El IIC is a virtual document in the blockchain that will store all the information of an item, including how many times it was bought, it's like a history of the item, so when you buy it inside the platform, you know what the particular item has been through, the downside is that the history starts when the item enters the ecosystem, before that, you will only know the information that the seller fills in, so if it was actually bought 3 times, the first time it may actually say 1, that will depend of the veracity of the seller, of course, if it's found out that the information is false, the seller and item lose credibility, thus reducing the chances of it being bought; its a fantastic feature, and once the platform becomes mainstream, it will become essential.

So first of all, Soma will have to function for quite some time for IIC to actually become meaningful since the items has to be traded only on their platform.
Other thing is how the II card will be bound to the item? Every re-seller can just make a new card and promote it with a different history.

Most item have a scan able barcode, am guessing that will implemented into the platform. Every smart phone with an irc reader can easily scan this barcode. so implementation should be easy. Anyway, as already mentioned the IIC validity only matters if product is traded exclusively on Soma. So I believe the IIC factor will diminish over time cos we dealing with a free market and as such multiple competition is in place. Ebay/Amazon is a huge market but we all know second hand product is not traded exclusively in this sites.

Barcodes are not necessarily unique to each item. Items may share the same barcode for the whole product line/model. Even serial numbers are not necessarily unique because in practice they can be model numbers which are the same for identical items. Therefore I do not believe barcodes can be used to unique identify an item and link that item to an IIC.

To expand on this, let's take an example from the whitepaper:

For example, imagine that there is a musician with a lot of followers as a user in the Soma.

A few years ago Jimi Hendrix's burnt guitar was auctioned. To this day people still doubt whether it is the real thing or if it is a replica.

http://www.strat-talk.com/threads/jimi-hendrixs-original-torched-fender-strat-found.112817/
http://forums.stevehoffman.tv/threads/did-jimi-hendrix-actually-burn-a-guitar-at-the-miami-pop-festival.647676/

Whether it is real or fake, if you can make a replica of an iconic burnt guitar, you can also make a replica of its barcode. So that proves nothing.

Well that's a problem you always will face to. Like in art etc. there will always be people who wants to make money with replica. But for the average user it will probably be not such a big deal because the time and effort wouldn't be worth it probably.

Also as before discussed, it's not save because every trade which takes part outside of the platform will not be registered :/ I like the idea of the IIC card, but still there are some problems with it.

The project will have to be VERY popular for the IIC to function properly, that same function will scare some people that want to fool buyers, so they won't be getting in the platform, or will try it and look for ways to bypass it, but here are those who are not scammer, but want to lie about a product to be able to sell it anyway, because of that another part of the clients will go, so the platform will be getting either good sellers and buyers, and some few bad apples.

cantdecide

full member

Activity: 336

Merit: 112

Quote from: Rigorous on October 05, 2017, 07:08:12 PM

Quote from: Rigorous on October 05, 2017, 05:43:30 PM

Quote from: Islapdonkey on October 05, 2017, 05:10:24 PM

Quote from: matjas on October 05, 2017, 02:36:56 PM

Quote from: Voltaje on October 05, 2017, 10:41:22 AM

Quote from: Pajulapoiss on October 05, 2017, 09:54:13 AM

Cool project,
But I couldn't really understand how does the IIC actually work?

What would be a simple real life example?

El IIC is a virtual document in the blockchain that will store all the information of an item, including how many times it was bought, it's like a history of the item, so when you buy it inside the platform, you know what the particular item has been through, the downside is that the history starts when the item enters the ecosystem, before that, you will only know the information that the seller fills in, so if it was actually bought 3 times, the first time it may actually say 1, that will depend of the veracity of the seller, of course, if it's found out that the information is false, the seller and item lose credibility, thus reducing the chances of it being bought; its a fantastic feature, and once the platform becomes mainstream, it will become essential.

So first of all, Soma will have to function for quite some time for IIC to actually become meaningful since the items has to be traded only on their platform.
Other thing is how the II card will be bound to the item? Every re-seller can just make a new card and promote it with a different history.

Most item have a scan able barcode, am guessing that will implemented into the platform. Every smart phone with an irc reader can easily scan this barcode. so implementation should be easy. Anyway, as already mentioned the IIC validity only matters if product is traded exclusively on Soma. So I believe the IIC factor will diminish over time cos we dealing with a free market and as such multiple competition is in place. Ebay/Amazon is a huge market but we all know second hand product is not traded exclusively in this sites.

Barcodes are not necessarily unique to each item. Items may share the same barcode for the whole product line/model. Even serial numbers are not necessarily unique because in practice they can be model numbers which are the same for identical items. Therefore I do not believe barcodes can be used to unique identify an item and link that item to an IIC.

To expand on this, let's take an example from the whitepaper:

For example, imagine that there is a musician with a lot of followers as a user in the Soma.

A few years ago Jimi Hendrix's burnt guitar was auctioned. To this day people still doubt whether it is the real thing or if it is a replica.

http://www.strat-talk.com/threads/jimi-hendrixs-original-torched-fender-strat-found.112817/
http://forums.stevehoffman.tv/threads/did-jimi-hendrix-actually-burn-a-guitar-at-the-miami-pop-festival.647676/

Whether it is real or fake, if you can make a replica of an iconic burnt guitar, you can also make a replica of its barcode. So that proves nothing.

Well that's a problem you always will face to. Like in art etc. there will always be people who wants to make money with replica. But for the average user it will probably be not such a big deal because the time and effort wouldn't be worth it probably.

Also as before discussed, it's not save because every trade which takes part outside of the platform will not be registered :/ I like the idea of the IIC card, but still there are some problems with it.

Pajulapoiss

sr. member

Activity: 554

Merit: 251

Quote from: Rigorous on October 05, 2017, 07:08:12 PM

Quote from: Rigorous on October 05, 2017, 05:43:30 PM

Quote from: Islapdonkey on October 05, 2017, 05:10:24 PM

Quote from: matjas on October 05, 2017, 02:36:56 PM

Quote from: Voltaje on October 05, 2017, 10:41:22 AM

Quote from: Pajulapoiss on October 05, 2017, 09:54:13 AM

Cool project,
But I couldn't really understand how does the IIC actually work?

What would be a simple real life example?

El IIC is a virtual document in the blockchain that will store all the information of an item, including how many times it was bought, it's like a history of the item, so when you buy it inside the platform, you know what the particular item has been through, the downside is that the history starts when the item enters the ecosystem, before that, you will only know the information that the seller fills in, so if it was actually bought 3 times, the first time it may actually say 1, that will depend of the veracity of the seller, of course, if it's found out that the information is false, the seller and item lose credibility, thus reducing the chances of it being bought; its a fantastic feature, and once the platform becomes mainstream, it will become essential.

So first of all, Soma will have to function for quite some time for IIC to actually become meaningful since the items has to be traded only on their platform.
Other thing is how the II card will be bound to the item? Every re-seller can just make a new card and promote it with a different history.

Most item have a scan able barcode, am guessing that will implemented into the platform. Every smart phone with an irc reader can easily scan this barcode. so implementation should be easy. Anyway, as already mentioned the IIC validity only matters if product is traded exclusively on Soma. So I believe the IIC factor will diminish over time cos we dealing with a free market and as such multiple competition is in place. Ebay/Amazon is a huge market but we all know second hand product is not traded exclusively in this sites.

Barcodes are not necessarily unique to each item. Items may share the same barcode for the whole product line/model. Even serial numbers are not necessarily unique because in practice they can be model numbers which are the same for identical items. Therefore I do not believe barcodes can be used to unique identify an item and link that item to an IIC.

To expand on this, let's take an example from the whitepaper:

For example, imagine that there is a musician with a lot of followers as a user in the Soma.

A few years ago Jimi Hendrix's burnt guitar was auctioned. To this day people still doubt whether it is the real thing or if it is a replica.

http://www.strat-talk.com/threads/jimi-hendrixs-original-torched-fender-strat-found.112817/
http://forums.stevehoffman.tv/threads/did-jimi-hendrix-actually-burn-a-guitar-at-the-miami-pop-festival.647676/

Whether it is real or fake, if you can make a replica of an iconic burnt guitar, you can also make a replica of its barcode. So that proves nothing.

Thanks Voltaje for the explanation, it made things clearer!

But it is very interesting indeed. How do you know that the IIC and the item really are the same?
Barcodes can just be sticked to anything... Is the IIC is not a physical card, is it?

Rigorous

full member

Activity: 574

Merit: 115

Quote from: Rigorous on October 05, 2017, 05:43:30 PM

Quote from: Islapdonkey on October 05, 2017, 05:10:24 PM

Quote from: matjas on October 05, 2017, 02:36:56 PM

Quote from: Voltaje on October 05, 2017, 10:41:22 AM

Quote from: Pajulapoiss on October 05, 2017, 09:54:13 AM

Cool project,
But I couldn't really understand how does the IIC actually work?

What would be a simple real life example?

El IIC is a virtual document in the blockchain that will store all the information of an item, including how many times it was bought, it's like a history of the item, so when you buy it inside the platform, you know what the particular item has been through, the downside is that the history starts when the item enters the ecosystem, before that, you will only know the information that the seller fills in, so if it was actually bought 3 times, the first time it may actually say 1, that will depend of the veracity of the seller, of course, if it's found out that the information is false, the seller and item lose credibility, thus reducing the chances of it being bought; its a fantastic feature, and once the platform becomes mainstream, it will become essential.

So first of all, Soma will have to function for quite some time for IIC to actually become meaningful since the items has to be traded only on their platform.
Other thing is how the II card will be bound to the item? Every re-seller can just make a new card and promote it with a different history.

Most item have a scan able barcode, am guessing that will implemented into the platform. Every smart phone with an irc reader can easily scan this barcode. so implementation should be easy. Anyway, as already mentioned the IIC validity only matters if product is traded exclusively on Soma. So I believe the IIC factor will diminish over time cos we dealing with a free market and as such multiple competition is in place. Ebay/Amazon is a huge market but we all know second hand product is not traded exclusively in this sites.

Barcodes are not necessarily unique to each item. Items may share the same barcode for the whole product line/model. Even serial numbers are not necessarily unique because in practice they can be model numbers which are the same for identical items. Therefore I do not believe barcodes can be used to unique identify an item and link that item to an IIC.

To expand on this, let's take an example from the whitepaper:

For example, imagine that there is a musician with a lot of followers as a user in the Soma.

A few years ago Jimi Hendrix's burnt guitar was auctioned. To this day people still doubt whether it is the real thing or if it is a replica.

http://www.strat-talk.com/threads/jimi-hendrixs-original-torched-fender-strat-found.112817/
http://forums.stevehoffman.tv/threads/did-jimi-hendrix-actually-burn-a-guitar-at-the-miami-pop-festival.647676/

Whether it is real or fake, if you can make a replica of an iconic burnt guitar, you can also make a replica of its barcode. So that proves nothing.

tiger5056

hero member

Activity: 686

Merit: 500

Every 1 ETH contributed equals to one stake in the draw! There will be total of 3 winners who will receive the amount of 5000 SCT directly to their contract address after the token sale ends. Nice. already 6413312 SCT sold.

Drokzid

sr. member

Activity: 934

Merit: 257

HAIL THE KING!

Quote from: ParRus on October 05, 2017, 04:12:08 PM

found short SOMA review, a little bit with an accent, but everything is clear
https://www.youtube.com/watch?v=a6OAcqIcv-M

Thanks for sharing that video.

I have some questions:

* Will there be an android alpha version, too?
* How much has been raised in the ICO so far?
* Can investors from China participate in the token sale?

bitsurfer2014

hero member

Activity: 924

Merit: 520

Quote from: bitcoin-shark on October 05, 2017, 03:08:23 PM

Quote from: Partizant on October 04, 2017, 08:16:04 AM

SOMA & UTRUST. My two favourite ICOs in partnership

there are also my favorites i think that with their partnership,the success of both will be inevitable...

The ultimate beneficiary from this partnership are the community, stakeholders and end users of these two platforms. Great job!

Heimer

sr. member

Activity: 518

Merit: 250

Quote from: Elkmar on October 05, 2017, 05:09:13 PM

Quote from: magisterr on October 05, 2017, 02:53:28 PM

1 ETH its too much? Some ICo have much more minimum requiments for pre-sale for example. Its only chance to win.
5000 SCT its for 1 person only? Huh

I think that's low too.

But we must take into account that some small wallets want their share too Grin

One ETH is nice sweet spot for ico. Not too low, not too much it's currently only 300$ so majority can participate in it

Rigorous

full member

Activity: 574

Merit: 115

Quote from: Islapdonkey on October 05, 2017, 05:10:24 PM

Quote from: matjas on October 05, 2017, 02:36:56 PM

Quote from: Voltaje on October 05, 2017, 10:41:22 AM

Quote from: Pajulapoiss on October 05, 2017, 09:54:13 AM

Cool project,
But I couldn't really understand how does the IIC actually work?

What would be a simple real life example?

El IIC is a virtual document in the blockchain that will store all the information of an item, including how many times it was bought, it's like a history of the item, so when you buy it inside the platform, you know what the particular item has been through, the downside is that the history starts when the item enters the ecosystem, before that, you will only know the information that the seller fills in, so if it was actually bought 3 times, the first time it may actually say 1, that will depend of the veracity of the seller, of course, if it's found out that the information is false, the seller and item lose credibility, thus reducing the chances of it being bought; its a fantastic feature, and once the platform becomes mainstream, it will become essential.

So first of all, Soma will have to function for quite some time for IIC to actually become meaningful since the items has to be traded only on their platform.
Other thing is how the II card will be bound to the item? Every re-seller can just make a new card and promote it with a different history.

Most item have a scan able barcode, am guessing that will implemented into the platform. Every smart phone with an irc reader can easily scan this barcode. so implementation should be easy. Anyway, as already mentioned the IIC validity only matters if product is traded exclusively on Soma. So I believe the IIC factor will diminish over time cos we dealing with a free market and as such multiple competition is in place. Ebay/Amazon is a huge market but we all know second hand product is not traded exclusively in this sites.

Barcodes are not necessarily unique to each item. Items may share the same barcode for the whole product line/model. Even serial numbers are not necessarily unique because in practice they can be model numbers which are the same for identical items. Therefore I do not believe barcodes can be used to unique identify an item and link that item to an IIC.

belechau

full member

Activity: 686

Merit: 100

Congratulations to the signed partnership. It really was wise. I know that a lot of news will come to leverage the project even more and the investment will be very profitable in the future. Good luck

Trrrt

full member

Activity: 448

Merit: 107

The visibility of soma is really good, and I think its really important for the sucess of a project. A lot of YouTube video and resentzgion qbout soma concept, and the partnership with Utrust improve the visibility too. It sound very nice for the ico I think soma will raise a lot !

Islapdonkey

sr. member

Activity: 882

Merit: 277

If i had a dollar for every "had i known"

Quote from: matjas on October 05, 2017, 02:36:56 PM

Quote from: Voltaje on October 05, 2017, 10:41:22 AM

Quote from: Pajulapoiss on October 05, 2017, 09:54:13 AM

Cool project,
But I couldn't really understand how does the IIC actually work?

What would be a simple real life example?

El IIC is a virtual document in the blockchain that will store all the information of an item, including how many times it was bought, it's like a history of the item, so when you buy it inside the platform, you know what the particular item has been through, the downside is that the history starts when the item enters the ecosystem, before that, you will only know the information that the seller fills in, so if it was actually bought 3 times, the first time it may actually say 1, that will depend of the veracity of the seller, of course, if it's found out that the information is false, the seller and item lose credibility, thus reducing the chances of it being bought; its a fantastic feature, and once the platform becomes mainstream, it will become essential.

So first of all, Soma will have to function for quite some time for IIC to actually become meaningful since the items has to be traded only on their platform.
Other thing is how the II card will be bound to the item? Every re-seller can just make a new card and promote it with a different history.

Most item have a scan able barcode, am guessing that will implemented into the platform. Every smart phone with an irc reader can easily scan this barcode. so implementation should be easy. Anyway, as already mentioned the IIC validity only matters if product is traded exclusively on Soma. So I believe the IIC factor will diminish over time cos we dealing with a free market and as such multiple competition is in place. Ebay/Amazon is a huge market but we all know second hand product is not traded exclusively in this sites.

Topic: [ANN][ICO] SOMA - The Social Marketplace - page 212. (Read 92796 times)