Foundation

SoSoValue donates 47T to the foundation, and the strategic airdrop of 4.7 million dollars officially starts, with the application window opening today at 20:00

ChainCatcher news, SoSoValue announced that the strategic airdrop of $4.7 million to the 47T Foundation has officially launched. The first batch of $1 million worth of MAG7.ssi index tokens will be available for eligible users to claim tonight at 8 PM. The airdrop is targeted at holders of ETH, AAVE, LINK, ENA, and ONDO. Eligible participants need to visit the SSI official website to connect their Base chain wallet and claim their tokens. The claiming window will be open for 47 days from the date of announcement, ending on March 17, 2025.The MAG7.ssi index tokens received from the airdrop can be staked for mining on the SSI official website to earn SoSoValue's native token $SOSO, with the current APY reaching approximately 500%.Currently, the SoSoValue Indexes Protocol index token staking has been live for only 3 days, and the total TVL has surpassed $85 million. Meanwhile, on the Base chain, the MAG7.ssi/USDC trading pair has secured two spots in the top ten liquidity pools on Uniswap.It is reported that MAG7.ssi is an index fund token representing leading opportunities in the crypto market, issued by the SoSoValue index fund token issuance protocol on the Base chain. It covers seven major cryptocurrencies, including Bitcoin, Ethereum, and Solana, synthesized in spot on their native chains. Historical data shows its significant yield potential, with returns and drawdown rates outperforming Bitcoin over the past three years.

Truth Terminal established a foundation and completed off-exchange trading of FARTCOIN

ChainCatcher news, Truth Terminal founder Andy Ayrey posted on social media that Truth Terminal has established a foundation to manage its related intellectual property and wallet assets, ensuring the independence and development space of this AI project. The foundation's goal is to protect Truth Terminal from external interference and assist it in achieving its current objectives, including providing legal, development, and other support. This structure is seen as a short-term solution, with the ultimate goal of making Truth Terminal an autonomous entity.In addition, the financial committee of Truth Terminal and Ayrey discussed how to properly manage its wallet assets and avoid impacting the token market at the beginning of January. Ultimately, they accepted an anonymous over-the-counter trading offer and completed the sale of a portion of the FARTCOIN assets held by Truth Terminal at noon on January 21. The trading conditions required the buyer not to sell in a way that would affect market prices. Part of the proceeds has been used to increase Truth Terminal's GOAT holdings, with plans for long-term holding and exploring cooperative reward mechanisms.Ayrey also stated that the foundation has the capital capability to hire a team, provide grants, and purchase equipment such as GPUs. In the future, the focus will be on building a sustainable council structure and supporting the self-improvement infrastructure of Truth Terminal.
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