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$SOON Overview

  • Initial Total Supply: 1,000,000,000 $SOON (3% inflation every year)

  • Governance: $SOON holders can vote on protocol upgrades, treasury management, and ecosystem development for SOON Mainnet and SOON Stack Chains.

  • Native Asset: $SOON powers all activities in the SOON Ecosystem, used by builders and users across dApps.

  • Incentives: $SOON rewards builders and ecosystem contributors, driving innovation and growth through grants and performance-based incentives.

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$SOON Distribution

  • Community (51%) This allocation will be distributed through a fair launch with the remaining serving as rewards to long-term supporters of the SOON ecosystem. More information coming next week.

  • Ecosystem (25%) The ecosystem fund is set aside to support the development and growth of the broader $SOON ecosystem. It includes funding for partnerships, developer grants, third-party integrations, and other strategic investments that enhance the ecosystem.

  • Airdrop & Liquidity (8%) This allocation is for airdrops and providing liquidity to exchanges. Airdrops are used to attract new users, incentivize adoption, and reward early supporters. Liquidity ensures smooth trading of $SOON tokens in the market.

  • Foundation / Treasury (6%) This allocation is reserved for the long-term sustainability of the $SOON project. They act as a financial buffer to ensure the foundation can operate, fund research and development, and respond to future needs or crises. This category supports operational expenses, strategic initiatives, and governance-driven decisions for reallocation, ensuring the project’s health over time.

  • Team & Cobuilders (10%) This allocation rewards the core team and early contributors (co-builders) who have been instrumental in creating and launching the project. It ensures that key stakeholders are incentivized to stay aligned with the project’s goals.

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$SOON Utilities

$SOON serves as the core utility token within the SOON Ecosystem, empowering a range of functionalities that promote ecosystem growth and ensure network operations. Its primary utilities include:

Governance

$SOON holders have the right to vote on critical decisions within the SOON Mainnet and SOON Chains created using the SOON Stack.

Governance allows holders to:

  • Propose or approve protocol upgrades to the SOON Mainnet.

  • Vote on resource allocation for ecosystem development and community grants.

  • Decide on treasury management and reward distribution mechanisms for builders and contributors.

  • Participate in key decisions.

Native Asset of the SOON Ecosystem

$SOON is the native token for all components of the SOON Ecosystem, acting as the backbone of network activities across SOON Mainnet and various SOON Chains.

Incentives for Builders and Ecosystem Growth

$SOON will serve as an incentive token for developers, builders, and ecosystem projects, encouraging innovation and ecosystem participation.

Builders can earn $SOON for creating infrastructure, decentralized apps (dApps), or tools that enhance the functionality of SOON Chains.

Projects contributing to the ecosystem’s success may be rewarded with $SOON tokens through grant programs, partnerships, or performance-based incentives.

Staking

The SOON Network is set to implement an innovative fast-finality settlement mechanism, providing an alternative to both validity and optimistic rollups.

Fast finality will be enabled by a set of validators who stake $SOON to provide security. Active validators will receive staking rewards, including an annual 3% token incentive.