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SOON, the native token of the Solana Optimistic Network, officially launched on May 23, marking a significant milestone with its debut on major cryptocurrency exchanges. The launch triggered a robust market response, with the token surging by over 35% as exchanges like Bithumb, OKX, Upbit, KuCoin, and MEXC began supporting SOON in both spot and futures markets.

SOON Token Launch Highlights

The launch was accompanied by a series of airdrop and promotional campaigns, designed to attract new users and investors. Binance Alpha users with 190 Alpha Points can claim 180 SOON tokens during a limited-time airdrop campaign that consumes 15 points per claim. Meanwhile, KuCoin initiated a 130,000 SOON giveaway through trading and affiliate events running until May 30 and June 2, respectively, rewarding top traders and referrers.

Updated Tokenomics Unveiled

SOON’s updated tokenomics were also revealed, allocating the token supply as follows:

  • 51% to the community
  • 10% to the team and co-builders
  • 6% to the foundation/treasury
  • 25% to the ecosystem
  • 8% for airdrops and liquidity

Major Update to Copy-Trading Platform

Alongside the token launch, Soon introduced Simpfor.fun V2, an upgraded version of its copy-trading platform. This update includes:

  • Intuitive one-click copy-trading on Hyperliquid
  • Support for Real-World Assets (RWAs)
  • A personalized trader tracking feature

Additionally, the platform plans to launch a livestreaming copy-trading extension. This feature will enable users to interact and trade directly through platforms like Twitch via embedded LiveTrade widgets, enhancing user engagement.

Innovative Technology Behind SOON

The SOON token is backed by a rapidly expanding Layer 2 ecosystem built on the Solana Virtual Machine (SVM). It distinguishes itself as one of the most efficient Rollup Stacks available, offering high throughput and compatibility across multiple Layer 1 chains. At its core is the Decoupled SVM, a specialized implementation that separates the Transaction Processing Unit and Proof of History. This enhances execution speed, improves security, and reduces data availability overhead.

Key Technological Features

  • zk Fraud Proof Capabilities: Enables fast and secure settlement across multiple Layer 1s, reducing bridge wait times from a week to just one day.
  • Configurable Data Availability: Integrations with EigenDA, Avail, and Celestia allow developers to optimize for cost and performance without requiring a fork of the stack.

“SOON’s advanced architecture positions it as a leader in Layer 2 scalability, offering a seamless and efficient user experience for developers and investors alike.”

As the SOON ecosystem continues to grow, its unique technology and strategic initiatives are expected to attract more users and developers, further solidifying its presence in the cryptocurrency space.

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