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SoSoValue Platform to Issue Own Token and Conduct Airdrop

SoSoValue Platform to Issue Own Token and Conduct Airdrop

HappyCoinNewsHappyCoinNews2025/01/18 17:11
By:HappyCoinNews

Cryptocurrency data aggregator SoSoValue has announced the release of its own SOSO token on the blockchain Ethereum The event is scheduled for January 25, 2025.

According to SoSoValue co-founder Jesse Lo, bybit will be the first exchange to introduce the new token .

The platform will also conduct the first airdrop, which will amount to 4,9% of the total supply of 1 billion tokens.

SoSoValue Platform to Issue Own Token and Conduct Airdrop image 0

The token distribution will be divided into three parts: 4 million SOSO will be distributed through the platform bybit Launchpool, 15 million — Proof-of-Work (PoW) based token generation event. Another 30 million tokens will be distributed as a Proof-of-Stake (PoS) reward during the first season, which runs from January 25 to February 25.

Distribution on bybit Launchpool is driven by a 17% stake from a non-profit organization, while PoW and PoS distribution is driven by ecosystem distribution, Lo said.

There is no word yet on when the remaining 255 million SOSO will be distributed, but Lo stated that “future airdrops are intended to benefit the SoSoValue community.”

The news of the SoSoValue token launch comes after a recent $15 million Series A funding round at a $200 million valuation.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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