$SOON Overview
- Initial Total Supply: 1,000,000,000 $SOON (3% inflation every year)
- Update 1: 30,000,000 of $SOON tokens are burned by SOON Foundation according to SIP-1
- 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.
$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.
SOON Tokenomics Update 1
According to the community proposal(SIP-1), SOON Foundation carried out a token burn, burning a total of 30,000,000 of $SOON tokens. Original proposal SIP-1 historical voting link$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.
$SOON Token Transparency
In the interest of full transparency and community accountability, we are publicly disclosing all major token holding addresses below.| Wallet Address | Network | Locked by smart contract |
|---|---|---|
| 0x097842DF878d0b2865367d4d385292D556924642 | BSc | Yes |
| 0xB798A41FF774e67deFd089280673F42ddD55F5D4 | BSc | Yes |
| 0xFfaf08027988C33D4688ff3C8662466055f31458 | BSc | Yes |
| 0xcc48b55f6c16d4248ec6d78c11ba19c1183fe0f7 | BSc | Yes |
| D9RHkSNNBU5J3p2wVoJNjfFEQXJ3kAretZzUSoE8c1S3 | Solana | Yes |
| ChyQ28vjSb1vdE5TWsgDpEW2X7UH9e7bJa94Yk3H8m8v | Solana | Yes |
| 3WiMy7nfZLE11VfKE4EoUyZEY6b4CVcQcKyY4VREXYij | Solana | Yes |
| 0xa370fD83A0E157C876F9Ca67A5824B87e79C1060 | Solana | Yes |
| A7cGytDTb6CKh4UY3cVRE3FctpVonw1BzEMZCLHuw8nb | Solana | Yes |
| 4oVCg2SE3rYAZsbgpUDXNYeXLDsXerfptP64Lme7K9kn | Solana | Yes |
| 0xFfaf08027988C33D4688ff3C8662466055f31458 | Base | Yes |