#Bybit Launches SoSoValue Mining#
Hot Topic Overview
Overview
SoSoValue, an encrypted market data provider, launched on the Bybit Launchpool platform on January 20, kicking off the SOSO mining event with a total prize pool of 4 million SOSO. Users can participate in mining by staking SOSO, BBSOL, or USDT, earning SOSO rewards. SoSoValue plans to airdrop 49 million SOSO tokens in the first quarter of 2025, representing 4.9% of the total supply. Of these, 4 million will be distributed through the Bybit Launchpool platform, 15 million will be distributed through the token generation event, and 30 million will be used for PoS rewards from January 25th to February 25th.
Ace Hot Topic Analysis
Analysis
Bybit Launchpool will launch SoSoValue mining on January 20, providing a reward pool of up to 4 million SOSO tokens. SOSO/USDT trading will be available on January 24, 10AM UTC. SoSoValue will launch its token on Ethereum next week, with Bybit being the first exchange to list it and support its expansion to other platforms. SoSoValue is expected to airdrop 49 million SOSO tokens in Q1, representing 4.9% of the total supply. The majority of the airdrop allocation comes from the platform’s 30% ecosystem allocation and will be distributed in three ways: 4 million tokens through the Bybit Launchpool platform, 15 million tokens through a Proof-of-Work (PoW) token generation event, and 30 million tokens for Proof-of-Stake (PoS) rewards during the period of January 25 to February 25. Users can participate in mining by staking SOSO, BBSOL, or USDT to earn SOSO rewards. The minimum staking amount for each token is 100 SOSO, 0.5 BBSOL, and 100 USDT, respectively. The maximum staking amount for each token is 20,000 SOSO, 50 BBSOL, and 2,000 USDT, respectively.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
SoSoValue will airdrop 49 million SOSO tokens in the first quarter of 2025, accounting for 4.9% of the total supply.
The majority of the airdrop allocation comes from the platform's 30% ecosystem allocation and will be distributed in three ways: 4 million tokens will be distributed through the Bybit Launchpool platform, 15 million tokens will be distributed through Proof-of-Work (PoW) token generation activities, and 30 million tokens will be used for Proof-of-Stake (PoS) rewards between January 25th and February 25th.
Bybit Launchpool will open SoSoValue mining on January 20th, offering a prize pool of up to 4 million SOSO tokens.
SOSO/USDT trading will open on January 24th at 10 AM UTC.
Bybit Launchpool's SoSoValue mining offers three staking pools: SOSO staking pool, BBSOL staking pool, and USDT staking pool.
Each pool has different reward amounts, minimum staking amounts, and maximum staking amounts.