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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