Original Title: "Binance Alpha Launching Soon, What is the Reasonable Valuation for SVM Track Representative SOON?"
Original Author: Asher, Odaily Planet Daily
Yesterday, the official SOON account announced on the X platform that the token airdrop query is now live. Early contributors such as Red Pill Cabal, Seasoned Sooner, and Big Bang participants can immediately check their airdrop amounts, and users can pre-store SOON tokens on four trading platforms: Bitget, Gate.io, KuCoin, and MEXC. SOON CEO Joanna Zeng stated that this is just the beginning, and with the upcoming OKX Early Access, users will have more opportunities to earn SOON tokens.
In addition, the Binance Alpha platform will launch the SOON token and open trading on May 23. At that time, eligible users can use Alpha points to claim airdrops on the Alpha event page.
Binance Alpha will launch SOON
Next, Odaily Planet Daily will take you through the upcoming SOON, community sentiment towards the token airdrop, the live trading product launching this week, and SOON's pre-market trading and early public offering costs.
SOON Project Overview
SOON is a Rollup stack based on the Solana Virtual Machine (SVM), focusing on building high-performance, low-cost blockchain infrastructure to promote the large-scale implementation of Web3 applications. Compared to traditional public chains, SOON adopts a more efficient technical architecture, aiming to enhance network performance and economic feasibility, providing a more user-friendly environment for developers and users.
The project adopts a dual-driven growth model of VC and community, emphasizing fair launches and broad participation. SOON raises funds through the "COMMing SOON" NFT minting method and allocates 51% of the tokens to the community, achieving decentralization and dissemination of token distribution, embodying the narrative tension of "everyone sharing the cake."
Its private placement round was led by Hack VC, with well-known institutions like ABCDE, Hypersphere, and SNZ Capital participating, reflecting the deep involvement of core team members from Solana, Celestia, and others, showcasing the market's high recognition of its technical direction and community philosophy. Notably, CZ previously retweeted the official tweet of the SOON project, which quickly ignited market sentiment, with many "airdrop hunters" considering this a strong endorsement of SOON's immense potential in the SVM track.
CZ retweeted the official tweet of the SOON project
SOON Airdrop Community Sentiment
From the sentiment on social media, the SOON airdrop is a mixed bag:
"Looking around, KOLs with many fans are winning big with this airdrop, it seems the strategy for grabbing airdrops is about to change";
"My small accounts got 0.2 to 10 tokens, 40 small accounts are not as good as one big account promoting SOON on X, which made me so mad that I went to Binance wallet and traded $60,000";
"SOON's research content has been written a lot on X, the project party has given out many token airdrops, and Binance Alpha is another wave of heat, looking forward to the opening performance";
"SOON quietly airdropped, although not much but basically not being countered."
Overall, this SOON token airdrop is quite friendly to KOLs who previously "worked hard" to promote the project on the X platform, while small accounts that participated in early interactions did not receive the expected rewards. Perhaps the strategy for grabbing airdrops has shifted from "mindlessly creating accounts" to a new phase of "quality refinement."
Live Trading Product simpfor.fun V2 to Launch This Week
Trading remains the core of Web3 and is the most convenient entry point for mainstream users. SOON co-founder Joanna announced that the SOON live trading product simpfor.fun V2 is about to launch, which will support RWA assets such as gold and US stocks, and develop a live platform plugin to provide all streamers with new ways to profit from copy trading. High-performance chains will become essential infrastructure in live trading.
Product illustration of simpfor.fun V2
Unlike existing tools, simpfor.fun V2 introduces a new LiveTrade concept, seamlessly integrating copy trading into the live streaming scene. Compared to fragmented social media and shallow short video content, live streaming inherently possesses a stronger sense of user connection, higher retention rates, and tighter community engagement. For example, viewers watching live streams on platforms like Twitch or SOOP can use the simpfor.fun plugin to copy the actions of streamers or other experienced investors with one click. Any streamer can promote simpfor.fun and earn up to 80% in referral commissions, without needing trading knowledge, and can profit alongside their fans.
SOON Pre-Market Trading + Community Public Offering Costs
Previously, the SOON token has been listed in the pre-market trading section on Bitget, allowing users to place bids and trade in advance. Current data shows that SOON is temporarily priced 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 around 15% to 20%, the corresponding market value would be between $60 million and $80 million.
SOON pre-market trading data on Bitget
According to feedback from community members, SOON previously completed token fundraising in four rounds through NFT sales, so most of the funds were essentially contributed by the community. Among them, the highest cost was for SOONests round participants, whose purchased tokens have no lock-up restrictions, corresponding to a price of $0.31; while SOONer round participants have a three-month linear unlock, corresponding to a price of $0.28, but due to the subsequent additional airdrops issued by the project party, some SOONer participants' actual costs have been diluted to the range of $0.20 to $0.28.
From the current pre-market trading data, SOON is priced at $0.388, which has limited premium compared to the community average cost and is still within a reasonable range. Considering that SOON is about to launch on the Binance Alpha Launchpad, and Bitcoin is also approaching historical highs, the overall market atmosphere is leaning towards optimism. In summary, it is recommended to adopt a cautious wait-and-see approach in the early stages of SOON's opening to avoid blind short-selling operations.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
