The growing narrative of "2017 ICOs are back" has a few caveats

CN
2 days ago

The growing narrative of "2017 ICOs are back" has a few caveats.

$SOON is a good example of this token sale evolution.

To brutally simplify, @soon_svm is a Solana VM L2 on Ethereum, like Eclipse.

SOON will enable Solana Rollup-as-a-Service for SVM L2s launch on any L1, like BNB Chain.

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Their $SOON token sale is using the newest practices:

Backlash against low-float tokens? -> Soon allocates 51% to ICO sale with an 8% for airdrop.

$SOON adopts successful @infinex_app Patron model with 4 NFTs, each with different price ranges and unlocking periods.

Here are the full details:

The NFT Mint kicks off on January 14th at 12:00 PM UTC.

• Participation requires an invite code. Use mine fork_hybrid_chronos or follow this link -> https://comming.soo.network?inviteCode=fork_hybrid_chronos

• The mint will happen in 3 rounds, each distributing 13% of the $SOON supply.

• An additional 12% is reserved for active participants in the ecosystem.

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NFT Categories

There are 4 types of NFTs, each with different price ranges and unlocking periods.

• Want the lowest FDV? $120M FDV but 12 lock up with 36 month vesting.

• Want unlock at TGE? Highest valuation at $375M

Cc: @cryptohighvol for calculations.

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SOON plays well into mindshare game. Many ICOs fail because they fail to attract hype.

For this they partnered with @_kaitoai to offer discounts and rebates for shilling it on X.

For example, I get a crazy 30% discount on all NFTs and 5% rebate on sales.

The more people you refer, the higher the rebate rate.

It pays to be a yapper and be first (as referral code is required to join).

Tokenomics

$SOON token has a total supply of 1 billion with a 3% annual inflation:

• 51% Community: Fair launch, no pre-mine, no VC privileges

• 25% Ecosystem: Grants, partnerships, and growth

• 8% Airdrops & Liquidity

• 6% Foundation/Treasury

• 10% Team & Co-Builders

Utility:

• Governance: Vote on upgrades

• Staking: Validators secure the network and earn rewards.

• Incentives: To drive growth

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Overall, it's great to see that backlash against low-float models are yielding results.

SOON did well to emulate @infinex_app patron model, and bonuses based on Mindshare using Kaito API made me shill them on X.

It's a win-win.

Use my invite to join: https://comming.soo.network?inviteCode=fork_hybrid_chronos


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