@soon_verse Tokenomics Overview1๏ธโฃ Initial Release: The $SOON token was first launched on May 8, 2023. The first release of tokens allocated to investors occurred on June 8, 2023, with the full release completed by May 8, 2024. This means all tokens allocated to seed round investors have now been fully unlocked.
2๏ธโฃ Team Allocation and Burns: 40% of the tokens originally allocated to the team have been completely burned. As the platform generates revenue from incubated games, and with more games coming on board, we are committed to using this revenue to continuously burn $SOON tokens, reducing supply and increasing value.
3๏ธโฃ Community and Market Allocation: 30% of the tokens are reserved for market activities, listings, community rewards, and upcoming farming initiatives. The team's locked tokens will primarily be used to support community and market activities. Additionally, we are setting aside tokens to ensure liquidity and support listing activities on more exchanges. We are actively in discussions with tier 1 exchanges and will allocate tokens for liquidity and listing activities on these new platforms.
Our tokenomics are designed to ensure long-term growth and sustainability, with a focus on community engagement, market expansion, and increasing the value of $SOON through strategic burns and smart allocation.
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