Sophon announces token economics: 20% of the total node allocation
ChainCatcher news, the modular blockchain Sophon based on zkSync has announced the token economics of its token SOPH, with specific allocation and unlocking information as follows:Node allocation 20% (released over 36 months, with an additional lock-up of 3 months after claiming);Sophon Foundation allocation 25% (locked for 12 months, then released over 36 months);Seed contributor allocation 20% (locked for 12 months, then released over 24 months);Advisor allocation 5% (locked for 12 months, then released over 36 months);Ecosystem reserve allocation 30%, for donations and other ecosystem incentives.Sophon further stated that the final token economic model, allocation, and lock-up situation of SOPH may change before the mainnet launch, which is expected to be in the third quarter of 2024.According to the Web3 asset data platform RootData, Sophon completed a $10 million financing round in March this year, with participation from Paper Ventures, Maven 11, The Spartan Group, SevenX Ventures, OKX Ventures, HTX Ventures, and others.