SOPH, the native token of the entertainment-focused Layer 2 blockchain Sophon, is set to make its official debut on Binance and other tier-1 exchanges today. This launch marks a significant milestone for the project, as it aligns with its Token Generation Event (TGE).

Binance Listing Details

Binance has announced that SOPH will be available for trading starting May 28, 2025, at 13:00 UTC. The token’s listing will coincide with its appearance on Binance Alpha, an early-access section showcasing trending and promising Web3 projects. This platform allows users to engage with featured projects ahead of their wider adoption.

As part of the launch, Binance Alpha is organizing an exclusive airdrop campaign. Users can claim SOPH tokens using their Alpha Points, which are earned through early engagement with Binance Alpha activities. Detailed rules for participation will be published on the event page later today.

Additionally, Binance Futures will enable derivative trading for SOPH just 30 minutes after its spot trading debut. Traders will have access to up to 50x leverage on SOPH futures contracts, enhancing trading opportunities for those interested in derivatives.

Sophon Tokenomics Breakdown

Prior to the launch, Sophon has revealed its tokenomics, detailing the distribution and allocation of its capped total supply of 10 billion SOPH tokens. At launch, 17.5% of the supply will enter circulation. Below is a breakdown of the allocation:

  • Airdrops: 9% (900 million SOPH), with 600 million tokens allocated to Layer 1 farmers and 300 million to early supporters. These tokens will be fully unlocked at the TGE.
  • Node Operators: 20% of the supply, subject to a three-month cliff followed by weekly unlocks.
  • Ecosystem Reserve: 26%, with 42% unlocked at launch and the remainder vesting linearly over five years.
  • Core Contributors: 25%, locked for 12 months and vesting over two to three years.
  • Seed Investors: 18%, locked for 12 months with similar vesting terms as core contributors.
  • Liquidity Mining Incentives: 2%, gradually unlocked over the year following the mainnet launch.

What Is Sophon?

Sophon is an entertainment-focused Layer 2 blockchain developed using zkSync’s Elastic Chain architecture. The project was founded in 2024 by Sebastien, who previously served as Head of DeFi at Matter Labs. The team includes experienced professionals from Ava Labs, Token Terminal, and Matter Labs, combining expertise in blockchain and product development.

The Sophon network is designed for consumer-facing use cases such as gaming, social media, AI, and entertainment. It leverages Validium technology to enable faster and cheaper transactions while maintaining a connection to Ethereum.

At launch, SOPH will serve multiple purposes, including covering gas fees and enabling holders to participate in governance decisions. The development team plans to expand the token’s utilities as the network and its offerings mature.

Funding and Backing

Sophon has raised over $70 million through venture capital investments and a node sale. Prominent investors include YZi Labs (formerly Binance Labs) and Paper Ventures, showcasing strong support from established players in the cryptocurrency space.

“Sophon aims to redefine blockchain use cases within entertainment, gaming, and AI by leveraging Layer 2 technology for scalability and efficiency.”

Disclosure: This article is for educational purposes only and does not constitute investment advice. Readers are encouraged to conduct their own research before making financial decisions.

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