What is SOPH?
SOPH is the utility Token of Sophon Network, playing a core role in its current and future ecosystem operations.
Token Symbol: SOPH
Token Standard: ERC-20
Total Supply: 10 Billion (10,000,000,000)
Community Allocation Ratio: 57%
In the launch phase, SOPH will primarily serve two main functions:
Paying Gas fees: As transaction fees on the Sophon network.
Decentralized Sequencer: Driving the network's sequencer decentralization through a staking mechanism.
As the Sophon network and product ecosystem continue to develop, the utility scenarios of Sophon will continuously expand. We have planned multiple product upgrades and will gradually introduce more functions in the future. Please stay tuned to SOPH's evolution.
SOPH's Use Cases: Gas Fees and Staking
Gas Fees
All transactions on Sophon Network require SOPH to pay Gas fees.
However, thanks to ZKsync's native Paymaster technology, users are not required to hold SOPH to complete transactions. Paymaster is a smart contract designed to subsidize or customize transaction fees for other accounts, thereby providing a smoother user experience and greater flexibility. This means: no need to frequently cross-chain due to insufficient Gas tokens; in some scenarios, users may not even need to pay Gas fees. For more details, please check Paymaster.
Since all Gas fees (whether for the network, users, or dApps) are settled in SOPH, these Tokens will ultimately flow back to network operators, which leads to SOPH's next use case: staking.
[The translation continues in the same manner for the rest of the text, maintaining the specified translation rules for technical terms.]The Sophon team has been working tirelessly to build Sophon into an ubiquitous, consumer-facing technology platform. Some tokens will serve as a reward for the team's hard work so far and as a long-term incentive to drive Sophon to new heights. The remaining tokens are reserved to attract the best talents in the industry. All team token allocations will follow a 4-year lockup mechanism (completely locked for the first year, followed by a 36-month linear unlock).
SOPH Airdrop
To launch liquidity on Sophon, the official team launched a pre-mainnet mining activity (Sophon Farm Phase 1) before the mainnet launch, which will continue until the mainnet launch on December 18, 2024. All rewards from Sophon Farm Phase 1 will be fully unlocked during the Token Generation Event (TGE), accounting for 6% of the total SOPH supply.
In addition to the 6% of total SOPH supply distributed to L1 Farmers, Sophon will additionally airdrop 300 million SOPH (3% of the total SOPH supply) to some eligible participants. This airdrop is carefully designed to attract more value-aligned new users to the ecosystem while rewarding early participants.
💡To check if you are eligible for the airdrop and the amount of SOPH allocated to you, you can check the airdrop allocation through the following link: claim.sophon.xyz
Eligible users can claim their airdrop allocation through one of the following two methods:
Claim through OKX exchange (pre-registration window of 2 days is now open)
Claim on the Sophon mainnet (will be opened on the day of TGE)
Claiming through OKX Exchange
OKX exchange users can now register to receive the SOPH airdrop directly into their exchange account and receive an additional 5% SOPH bonus. If you choose this method, please follow these steps:
Visit the OKX claim page: claim.sophon.xyz/okx
Provide your OKX user UID
- Click here to see the instructions.
Provide your OKX SOPH deposit address (ERC20)
- Click here to see the instructions.
Registration time: May 23 (12:00 PM UTC) to May 25 (12:00 PM UTC)
Important Note: Once you register for the OKX exchange claim channel, your airdrop eligibility will be directly distributed to your OKX exchange account during the TGE. You will no longer participate in the standard claim process and do not need to take any further action.
Claiming on Sophon Mainnet
Immediately visit claim.sophon.xyz to verify your airdrop eligibility. The claim process will open during the TGE, and specific operation guidelines will be announced separately. Once the SOPH Token is launched, eligible wallets will be able to directly claim the allocated SOPH Tokens on the Sophon mainnet.
Airdrop Eligibility Criteria
This airdrop will be allocated to the following user categories: Early Sophon users and community members, node holders, ZKSync deep users, and selected NFT community members. For some users, this will be a substantial airdrop; for users with less participation in the ecosystem, they can still receive partial gas fee support and be invited to explore everything Sophon offers.
Sophon node holders are the earliest community members supporting us. It is because of their support that Sophon has come this far. Although node holders have already received 20% of the total supply, we still want to provide additional rewards for their patience and continued support to jointly build the next-generation consumer technology ecosystem.
The node holders' airdrop allocation consists of two parts:
(1) Each node holder will receive a fixed amount of SOPH, regardless of the number of nodes held;
(2) The other part will be distributed based on the total amount spent by each node holder on purchasing nodes (unit price × number of nodes).
For over 90% of node sale participants, the SOPH amount they can immediately claim in this airdrop will exceed the amount obtained through node rewards during the same period. Node rewards will still be distributed as planned - this airdrop is an additional bonus.
The airdrop for early Sophon users and ZKSync deep users is a thank you for their use of Sophon after the mainnet launch or playing a crucial role in the broader ZKSync ecosystem.
NFTs are a core pillar of crypto consumer culture. As a consumer-facing chain, we believe it is necessary to reward holders who play important roles in key NFT projects, thanking them for shaping and continuing crypto culture, and motivating these users to explore Sophon.
Users holding designated NFT projects recognized as "Friend of Sophon" will receive a larger proportion of the airdrop.
Lastly, there are our community members on Discord and Telegram. We see your support, and the most active community members on these platforms will also be eligible for airdrop rewards.
Immediately visit the official website to check your airdrop allocation and category.
The airdrop activity is subject to these terms.
To understand the detailed token economics model, please read our documentation.
Please only trust official announcements and stay vigilant.
Always verify through verify.sophon.xyz that you are dealing with official Sophon accounts, domains, or team members.
Disclaimer: This content is for informational purposes only and should not be considered legal, business, investment, financial, or tax advice. You should consult your own advisors on such matters. Any digital assets and financial terms mentioned herein are for illustrative purposes only and do not constitute any behavioral recommendations or offers to buy or sell securities or any other financial instruments. Under no circumstances should you rely on this content when deciding whether to buy or sell the digital assets mentioned. This content only represents the situation on the day of publication.
