Sophon Announces SOPH TGE on May 28 and Announces Token Economics

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On May 23, Sophon announced that SOPH will have its Token Generation Event (TGE) on May 28 and published its token economics, where:

57% will be allocated to the community (including 20% node rewards, 26% ecosystem reserve, 9% airdrop, 2% L2 liquidity mining);

25% will be allocated to core contributors (to be released over 4 years);

18% will be allocated to seed round investors (to be released over 3 years).

The airdrop plan includes 6% allocated to L1 Farmer users, and an additional 3% to early supporters (Sophon users, ZKsync active users, Sophon-related Non-Fungible Token holders, community contributors, etc.). Users can check their eligibility at claim.sophon.xyz. OKX users can pre-register and receive an additional 5% SOPH rewards on the TGE day.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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