The first season of SoSoValue’s token distribution will run from 25 January to 25 February. The airdrop totals 49 million SOSO — 4.9% of the 1 billion aggregate supply, according to The Block.
Tokens will be distributed as follows:
- 4 million SOSO via the Bybit exchange’s Launchpool platform;
- 15 million SOSO under the PoW programme via TGE;
- 30 million SOSO for rewards under PoS between 25 January and 25 February.
PoS rewards are tied to SoSoValue’s launched index tokens. To take part in the airdrop, users must buy them, earn experience points (EXP) and meet the selection criteria.
“The Bybit Launchpool distribution comes from the non-profit organisation’s 17% share, and PoW and PoS — from the ecosystem share,” — the team said.
The token will list first on Bybit, and later on other CEX.
The snapshot for the PoW airdrop was taken on 17 January. Tokens distributed under this programme carry no vesting period.
Parameters for subsequent seasons will be announced later. They will be rolled out to the SoSoValue community.
On 8 January, the project was valued at $200 million after closing a $15 million Series A funding round.
In November, the team of the decentralised platform for trading perpetual futures, Hyperliquid, conducted one of the largest airdrops in the history of the crypto industry.
The HYPE distribution made ForkLog’s list of notable DeFi-sector events of 2024.