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SOON is a high-performance SVM (Scalable Virtual Machine) Rollup designed to drive the mass adoption of blockchain technology. It aims to revolutionize the blockchain ecosystem through three key components: SOON Mainnet, SOON Stack, and InterSOON. These innovations work together to create the "Super Adoption Stack," which promotes scalability, interoperability, and seamless user experiences in blockchain networks.
SOON Mainnet is a general-purpose Layer 2 solution that settles on Ethereum, utilizing Decoupled SVM as its core execution layer. This provides enhanced scalability and performance while maintaining the security of the Ethereum network. The mainnet is designed to support a variety of decentralized applications, ensuring that the blockchain can handle widespread usage as adoption increases.
SOON Stack is the infrastructure that enables the deployment and operation of SVM Layer 2 solutions on top of any base Layer 1 blockchain. The stack currently supports Ethereum as the settlement layer and integrates with other components like Avail for data availability (DA), Caldera, and Altlayer. Lastly, InterSOON is the cross-chain messaging protocol that ensures interoperability between SOON Mainnet, SOON Stack, and other Layer 1 networks, facilitating smooth and efficient communication across the blockchain ecosystem.
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SOON Token allocation
Q&A about SOON Tokenomics
Explore the tokenomics of SOON(SOON) and review the project details below.
What is the allocation for SOON(SOON)?
- 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.
- 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 is a high-performance SVM (Scalable Virtual Machine) Rollup designed to drive the mass adoption of blockchain technology. It aims to revolutionize the blockchain ecosystem through three key components: SOON Mainnet, SOON Stack, and InterSOON. These innovations work together to create the "Super Adoption Stack," which promotes scalability, interoperability, and seamless user experiences in blockchain networks.
SOON Mainnet is a general-purpose Layer 2 solution that settles on Ethereum, utilizing Decoupled SVM as its core execution layer. This provides enhanced scalability and performance while maintaining the security of the Ethereum network. The mainnet is designed to support a variety of decentralized applications, ensuring that the blockchain can handle widespread usage as adoption increases.
SOON Stack is the infrastructure that enables the deployment and operation of SVM Layer 2 solutions on top of any base Layer 1 blockchain. The stack currently supports Ethereum as the settlement layer and integrates with other components like Avail for data availability (DA), Caldera, and Altlayer. Lastly, InterSOON is the cross-chain messaging protocol that ensures interoperability between SOON Mainnet, SOON Stack, and other Layer 1 networks, facilitating smooth and efficient communication across the blockchain ecosystem.