SOON | Rollup that enables deployment of SVM on L1

SOON is a high-performance rollup solution utilizing the Solana Virtual Machine (SVM), enabling the deployment of SVM-based Layer 2 (L2) on any Layer 1 (L1). This aims to improve blockchain scalability and efficiency by providing an environment where Solana's high-performance virtual machine can be used on existing L1s like Ethereum.

Features

Decoupled SVM: SOON employs a "Decoupled SVM" architecture that separates the SVM execution layer from the underlying consensus layer. This allows the execution layer to operate independently, improving performance, scalability, and efficiency.

SOON Stack: The SOON Stack is a collection of infrastructure for deploying and operating SVM-based L2s on any L1. This allows developers to easily launch chains leveraging the high performance and flexibility of SVM on various L1s. SOO NETWORK DOCS

InterSOON: InterSOON is a cross-chain messaging protocol that enables smooth interoperability between networks, allowing interconnection between SOON Mainnet, SOON Stack, and other L1s.

Advantages and Disadvantages

Advantages:
High Performance: Achieves high transaction throughput due to SVM's parallel processing capabilities.
Flexibility: Can deploy SVM-based L2 on any L1, accommodating diverse use cases.
Interoperability: Enables seamless interoperability between different networks through InterSOON.

Disadvantages:
Complexity: Introducing a new architecture may increase the complexity of development and operation.
Compatibility Challenges: Compatibility issues with existing systems and protocols may arise.

Comparison of SOON with other major rollup solutions:

SOON is attracting attention as a rollup solution that leverages the high performance and flexibility of SVM and can be deployed on any L1. Its innovative architecture and interoperability have the potential to contribute to improved blockchain scalability and efficiency.

Initial Total Supply: 1 billion tokens
Inflation Rate: 3% annually
Utility: Primary utility token for the entire SOON ecosystem
Governance, staking, promotion of ecosystem activities

Token Distribution

Community (51%)
Distributed through fair launch
The remainder will be provided as rewards for long-term supporters
Ecosystem (25%)
Supports partnerships, developer grants, integration projects, etc.
Airdrop and Liquidity (8%)
Attracting new users, rewarding early supporters, ensuring smooth trading liquidity
Foundation/Finance (6%)
Supports long-term project operation and research and development
Team and Co-developers (10%)
Rewards for initial members and contributors

In Soon, 51% of the community allocation will be distributed to NFT holders through airdrops and on-chain activities by NFT holders.

COMMing SOON Key Features:
Fair Distribution: Avoids traditional insider preference and implements community-focused token distribution.
NFT Mint: 13% in each of three rounds, and a further 12% distributed to NFT holders participating in ecosystem activities, totaling 51% of $SOON tokens allocated to the community.
Diverse NFT Options: Offers four types of NFTs with different price ranges and unlock periods to meet diverse user needs.
Discounts and Rebates: Introduces a system where discounts and rebates are applied based on social media influence and friend invitations.

Also, there will be an NFT purchase discount for KaitoAI's Yapper. High-ranking yapper users can directly receive discounts and additional rebate rates. Community members who support SOON on social media can receive better deals. For example, if you are in the top 0.1%, you will receive a 30% discount and an additional 5% rebate rate.

Sales page is here

Please wait for further announcements from the official team regarding purchase methods.