Binance Alpha is about to be launched. What is the reasonable valuation of SOON, the representative of the SVM track?

avatar
Asher
16 hours ago
This article is approximately 1032 words,and reading the entire article takes about 2 minutes
The average cost for early public offering users was concentrated in the range of US$0.2 to US$0.28, and the current over-the-counter trading price has risen to around US$0.4.

Original | Odaily Planet Daily ( @OdailyChina )

Author | Asher ( @Asher_0210 )

Binance Alpha is about to be launched. What is the reasonable valuation of SOON, the representative of the SVM track?

Yesterday, SOON officially announced on the X platform that the token airdrop query has been launched. More than ten types of early contributors, such as Red Pill Cabal, Seasoned Sooner, and Big Bang participants, can immediately check the airdrop amount, and users can pre-deposit SOON tokens to Bitget, Gate.io, KuCoin, and MEXC. SOON CEO Joanna Zeng said that this is just the beginning, and with the upcoming launch of OKX Early Access, users will have more opportunities to earn SOON tokens.

In addition, Binance Alpha platform will launch SOON tokens and start trading on May 23. At that time, eligible users can use Alpha points to claim airdrops on the Alpha event page.

Binance Alpha is about to be launched. What is the reasonable valuation of SOON, the representative of the SVM track?

Binance Alpha to List SOON

Next, Odaily Planet Daily will take you to understand the upcoming SOON, the community’s sentiment towards token airdrops, the live streaming copy trading products that will be launched this week, and SOON’s pre-market trading and early public offering costs.

SOON Project Introduction

Binance Alpha is about to be launched. What is the reasonable valuation of SOON, the representative of the SVM track?

SOON is a Rollup stack based on Solana Virtual Machine (SVM), focusing on building high-performance, low-cost blockchain infrastructure to promote the large-scale implementation of Web3 applications. Compared with traditional public chains, SOON adopts a more efficient technical architecture, is committed to improving network performance and economic feasibility, and provides a more friendly environment for developers and users.

The project adopts a growth model driven by both VC and community, emphasizing fair launch and broad participation. SOON raises funds through the COMMing SOON NFT casting method, and allocates 51% of the tokens to the community, achieving the decentralization and dissemination of token distribution, with the narrative tension of everyone sharing the cake.

Its private round of financing was led by Hack VC, followed by well-known institutions such as ABCDE, Hypersphere, and SNZ Capital. Behind it, we can see the deep participation of core team members such as Solana and Celestia, which reflects the markets high recognition of its technical direction and community concept. It is worth mentioning that CZ previously forwarded the official tweet of the SOON project, which quickly ignited market sentiment. Many money-making parties believe that this is a strong endorsement of SOONs huge potential in the SVM track.

Binance Alpha is about to be launched. What is the reasonable valuation of SOON, the representative of the SVM track?

CZ retweeted the official tweet of SOON project

SOON Airdrop Community Sentiment

Judging from the sentiment on social media, this SOON airdrop is still mixed:

  • “Looking around, KOLs with many fans are winning this wave of airdrops. It seems that the idea of getting airdrops has to change again”;

  • The small accounts only give 0.2 to 10 tokens for depositing money. 40 small accounts are not as good as one big account that promotes SOON on X. I was so angry that I went directly to the Binance wallet to brush $60,000 in transaction volume;

Binance Alpha is about to be launched. What is the reasonable valuation of SOON, the representative of the SVM track?

  • A lot of SOONs investment research content has been written on X, and the project team has given a lot of token airdrops. Binance Alpha is hot again, and we look forward to its opening performance.

  • SOON was airdropped quietly. Although it wasn’t much, it was basically not counter-purchased.

In general, this SOON token airdrop is very friendly to the KOLs who have previously worked hard to promote the project on the X platform, while the small accounts that participated in the early interactions did not receive the expected rewards. Perhaps the strategy of making money has also shifted from brainless account creation to a new stage of fine polishing.

Live copy trading product simpfor.fun V2 will be released this week

Trading is still the core of Web3 and the most convenient entry point for mainstream users. SOON co-founder Joanna announced that SOONs live streaming copy trading product simpfor.fun V2 will be released soon, which will support RWA assets such as gold and US stocks, and develop live streaming platform plug-ins to bring new copy trading profit methods to all anchors. High-performance chains will become essential infrastructure in live streaming copy trading.

Binance Alpha is about to be launched. What is the reasonable valuation of SOON, the representative of the SVM track?

simpfor.fun V2 product diagram

Unlike existing tools, simpfor.fun V2 introduces a new LiveTrade concept that seamlessly integrates copy trading into live broadcast scenarios. Compared with fragmented social media and shallow short video content, live broadcasts naturally have a stronger sense of user connection, higher retention rate, and closer community stickiness. For example, when viewers watch live broadcasts on platforms such as Twitch or SOOP, they can use the simpfor.fun plug-in to follow the operations of the anchor or other senior investors with one click. Any anchor can get up to 80% of the referral share by promoting simpfor.fun, and can make profits with fans without having trading knowledge.

SOON pre-market trading + community public offering costs

Previously, SOON tokens have been listed on Bitgets pre-market trading section for users to make quotes and trade in advance. Current data shows that SOON is temporarily quoted at $0.388, with an initial total supply of 1 billion tokens and a total market value of only $388 million. If the actual initial circulation is about 15% to 20%, the corresponding market value is $60 million to $80 million.

Binance Alpha is about to be launched. What is the reasonable valuation of SOON, the representative of the SVM track?

SOON pre-market trading data on Bitget

According to feedback from community members, SOON previously raised tokens in four rounds through NFT sales, so most of the funds were actually contributed by community support. The highest cost was for participants in the SOONests round, whose tokens were not locked up, with a corresponding price of $0.31; while participants in the SOONer round were unlocked linearly over three months, with a corresponding price of $0.28. However, due to the subsequent additional airdrops issued by the project party, the actual cost of some SOONers has been diluted to the range of $0.2 to $0.28.

According to the current pre-market trading data, SOON is quoted at $0.388, which is limited compared to the communitys average cost premium and is still within a reasonable range. Considering that SOON is about to be launched on Binance Alpha Launchpad and Bitcoin is approaching a record high, the overall market atmosphere is optimistic. Based on comprehensive judgment, it is recommended to wait and see in the early stage of SOONs opening and avoid blind short selling.

Original article, author:Asher。Reprint/Content Collaboration/For Reporting, Please Contact report@odaily.email;Illegal reprinting must be punished by law.

ODAILY reminds readers to establish correct monetary and investment concepts, rationally view blockchain, and effectively improve risk awareness; We can actively report and report any illegal or criminal clues discovered to relevant departments.

Recommended Reading
Editor’s Picks