Modular Blockchain Platform Sophon Unveils Tokenomics, Incentivizes Ecosystem Growth

IconCrypto News Terminal25 Apr, 2024

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Modular Blockchain Platform Sophon Unveils Tokenomics, Incentivizes Ecosystem Growth

Modular blockchain platform Sophon, led by zkSync DeFi lead, has unveiled its SOPH tokenomics draft that outlines the allocation and distribution of its native token, SOPH. According to the draft, 30% of the tokens will be allocated to ecosystem incentives, 25% to the Sophon Foundation, 20% to node operators, 20% to early contributors, and 5% to consulting services. The ecosystem incentives are aimed at fostering community development, attracting developers and users, and expanding the ecosystem. Sophon is targeting a mainnet launch in Q3 this year, and the tokenomics may be subject to change before then. Previously on 24 April 2024, Sophon unveiled its SOPH tokenomics draft, allocating 30% of the tokens for ecosystem incentives.

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