SOPH, the native token of the entertainment-focused Layer 2 community Sophon, is ready to make its official debut on Binance and different tier-1 exchanges later at this time.
In a Could 28 announcement, Binance confirmed that SOPH will likely be obtainable for buying and selling on Binance on Could 28, 2025, at 13:00 UTC.
The itemizing will mark the token’s first official look and can go dwell alongside Sophon’s Token Technology Occasion (TGE), and an accompanied itemizing on Binance Alpha, the change’s early-access part that showcases trending and promising Web3 tasks scheduled earlier for the day.
As a part of the launch, Binance Alpha will host an unique airdrop marketing campaign. Customers can declare SOPH tokens utilizing their Alpha Factors, Binance’s reward system for early engagement on the Alpha occasion web page, which will likely be revealed on the identical day, together with the exercise guidelines.
Simply half-hour later, the change’s futures platform, Binance Futures, can even add assist for the token, permitting spinoff merchants to commerce with as much as 50x leverage.
You may additionally like: Evaluation: Bitcoin long-term holders maintain agency regardless of 47% rally from latest lows
Sophon has unveiled its tokenomics forward of its Binance Alpha launch, confirming a capped complete provide of 10 billion SOPH tokens, with 17.5% set to enter circulation at launch.
The mission is allocating 9% of the availability, 900 million SOPH, for airdrops, break up between 600 million tokens for L1 farmers and 300 million for early supporters. All airdropped tokens will likely be absolutely unlocked on the TGE.
Node operators will obtain 20% of the availability, topic to a three-month cliff adopted by weekly unlocks. In the meantime, the ecosystem reserve will account for 26% of the overall provide, with 42% unlocked at launch and the rest vesting linearly over a five-year interval.
Core contributors will obtain 25% of the overall SOPH provide, whereas seed buyers are allotted 18%. Each allocations are locked for 12 months, adopted by a vesting interval of two to a few years.
A further 2% is reserved for liquidity mining incentives, set to unlock progressively over the 12 months following the mainnet launch.
What’s Sophon?
Sophon is an entertainment-focused Layer 2 blockchain constructed utilizing zkSync’s Elastic Chain structure. It was based in 2024 by Sebastien, who beforehand labored as Head of DeFi at Matter Labs. The workforce additionally contains individuals who held roles at Ava Labs, Token Terminal, and Matter Labs, bringing expertise from each blockchain and product growth.
The community focuses on consumer-facing use circumstances like gaming, social media, AI, and leisure. It makes use of Validium know-how to assist quicker and cheaper transactions whereas staying related to Ethereum.
At launch, SOPH will likely be used to cowl fuel charges and can enable holders to take part in governance selections. The event workforce plans so as to add extra utilities over time because the Sophon community and product choices develop.
Sophon has raised over $70 million via enterprise capital investments and a node sale, with backing from distinguished buyers, together with YZi Labs (previously often known as Binance Labs) and Paper Ventures, amongst others.
Learn extra: Two crypto buyers charged with kidnapping and torturing a person for his Bitcoin password
Disclosure: This text doesn’t characterize funding recommendation. The content material and supplies featured on this web page are for instructional functions solely.
