Sophon, a blockchain project funded by Binance Labs, goes live on significant cryptocurrency exchanges today. A distribution of 900 million tokens is planned for a free giveaway.
Sophon, the native crypto token of the entertainment-centric Layer 2 network, is due to debut on Binance and other top-tier exchanges later today.
According to a May 28 announcement, Binance will listing SOPH for trading at 13:00 UTC on May 28, 2025. The listing will coincide with Sophon's Token Generation Event (TGE) and an accompanying listing on Binance Alpha, the exchange's early-access platform featuring trending and promising Web3 projects.
Binance Alpha will host an exclusive airdrop campaign, enabling users to claim SOPH tokens using their Alpha Points. The airdrop rules will be published on the same day. Within half an hour of the launch, SOPH futures will be supported by Binance Futures, granting derivative traders up to 50x leverage.
Sophon has revealed its tokenomics ahead of the Binance Alpha launch, with a capped total supply of 10 billion SOPH. At launch, 17.5% of the tokens will enter circulation. The project has allocated 900 million SOPH for airdrops, with 600 million set aside for L1 farmers and 300 million for early supporters. Node operators will receive 20% of the supply, and the ecosystem reserve will account for 26%.
Core contributors will secure 25% of the total SOPH supply, while seed investors will receive 18%. Both allocations will be locked for 12 months, followed by a vesting period of two to three years. An additional 2% is reserved for liquidity mining incentives, which will unlock gradually over the year following the mainnet launch.
Launched in 2024, Sophon is a next-generation blockchain platform designed to make the benefits of cryptocurrency accessible to mainstream consumers through entertainment and lifestyle applications. Built with zkSync’s Elastic Chain architecture, Sophon aims to make blockchain virtually invisible to end users while embedding its advantages into everyday digital experiences such as gaming, social media, and entertainment.
Sophon has raised over $70 million in venture capital investments and a node sale, with backing from major investors, including Binance Labs and Paper Ventures. With its debut on Binance, SOPH is poised to make a significant impact in the cryptocurrency landscape.
- The native crypto token of the entertainment-centric Layer 2 network, Sophon, will be available for trading on Binance later today, coinciding with Sophon's Token Generation Event (TGE).
- Binance will list SOPH for trading at 13:00 UTC on May 28, 2025, and it will also be listed on Binance Alpha, the exchange's early-access platform.
- Binance Alpha will host an exclusive airdrop campaign for SOPH tokens, allowing users to claim them using their Alpha Points.
- SOPH futures will be supported by Binance Futures within half an hour of the launch, offering derivative traders up to 50x leverage.
- Sophon has a capped total supply of 10 billion SOPH, with 17.5% of the tokens entering circulation at launch.
- The project has allocated 900 million SOPH for airdrops, with 600 million set aside for L1 farmers and 300 million for early supporters.
- With its debut on Binance, SOPH, a next-generation blockchain platform, is aiming to make a significant impact in the cryptocurrency landscape, bringing the benefits of cryptocurrency to mainstream consumers through entertainment and lifestyle applications.
