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SOON Token economic model: Initial total supply of 1 billion coins, 51% allocated for the community.
Gate News bot message, SOON will officially release the token economic model, with an initial total supply of 1 billion SOON (an annual inflation rate of 3%). The initial launch chains are Solana, BNB Chain, and Base. The token's utility features include governance rights, native assets, developer rewards, and staking-based security and fast finality. The specific allocation plan is as follows:
· Community share 51%:
SOONest (5%); 100% will be released at TGE SOONer (8%); 3 months vesting SOON Squad (8%); 6 months cliff, 12 months vesting SOON Pill (8%); 12 months cliff, 36 months vesting Future product community incentives (10%); 20% will be released at TGE, and the remaining portion will be released over 36 months. NFT holders airdrop (12%); 17% will be released at TGE, and the remaining portion will be released within 12 months.
· Ecosystem accounts for 25%: This will be used to support the broader development and growth of the SOON ecosystem, with 20% released at TGE and the remaining portion released over 4 years;
· Airdrop/liquidity ratio 8%, of which 1% is allocated to svmBNB, 68.75% is for TGE, and the remaining portion will be released over 4 years;
· The foundation/treasury accounts for 6%, and this allocation will be used for the long-term sustainability of the SOON project, managed by the SOON foundation. The use of funds requires a governance process, with a 12-month cliff and a 36-month vesting period;
· The team and co-builders account for 10%, aiming to reward the core team and early contributors (co-builders) who played a significant role in the creation and launch of the project. This allocation ensures that key stakeholders are incentivized to align with the project goals, with a 12-month cliff and a 36-month vesting period.