#Bybit launches SoSoValue mining#
Hot Topic Overview
Overview
SoSoValue, a provider of encrypted market data, will officially launch on the Bybit Launchpool platform on January 20th and will commence the SOSO mining event. This mining event will provide a reward pool of up to 4 million SOSO tokens. Users can participate in the mining by staking SOSO, BBSOL, or USDT. SoSoValue plans to airdrop 49 million SOSO tokens in Q1, with 4 million distributed through the Bybit Launchpool platform, 15 million through a token generation event, and 30 million used for PoS rewards from January 25th to February 25th. SOSO/USDT trading will commence on the Bybit platform on January 24th at 10 AM UTC.
Ace Hot Topic Analysis
Analysis
Bybit Launchpool will start SoSoValue mining on January 20th, offering a prize pool of up to 4 million SOSO. SOSO/USDT trading will be opened on January 24th at 10AM UTC. This mining event will last until February 20th, and users can earn SOSO rewards by staking SOSO, BBSOL or USDT. The total prize pool is 4 million SOSO, with 800,000 allocated to the SOSO staking pool, 1.2 million to the BBSOL staking pool, and 2 million to the USDT staking pool. In addition, SoSoValue will launch its token on Ethereum next week, and Bybit will be the first to list it and support subsequent expansion to other platforms. SoSoValue plans to airdrop 49 million SOSO tokens, representing 4.9% of the total supply, in the first quarter of 2025. Most of the airdrop allocation comes from the 30% ecosystem allocation of the platform and will be distributed in three ways: 4 million through the Bybit Launchpool platform, 15 million through Proof-of-Work (PoW) token generation events, and 30 million for Proof-of-Stake (PoS) rewards from January 25th to February 25th.
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 the Proof of Work (PoW) token generation event.
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 pool of up to 4 million SOSO tokens.
SOSO/USDT trading will be opened on January 24th at 10AM UTC.