Modular blockchain Sophon has released a draft of SOPH’s token economic model

Odaily News Sophon, a modular blockchain based on zkSync, has announced the draft economic model of the token SOPH. The specific allocation and unlocking information are as follows: 1. 20% for nodes (released in 36 months, and locked for an additional 3 months after receiving); 2. 25% for the Sophon Foundation (locked for 12 months, then released in 36 months); 3. 20% for seed contributors (locked for 12 months, then released in 24 months); 4. 5% for consultants (locked for 12 months, then released in 36 months); 5. 30% for ecosystem reserves for donations and other ecological incentives. Sophon added that the final token economic model, allocation and lock-up of SOPH may be changed before the mainnet is launched, which is expected to be launched in the third quarter of 2024. Earlier news, Sophon completed a $10 million financing in March this year, with Paper Ventures, Maven 11, The Spartan Group, SevenX Ventures, OKX Ventures, HTX Ventures and others participating. In the middle of this month, zkSync DeFi head @0xsebastiena announced that he would leave at the end of April and focus on building Sophon.