BNB holders are getting a lot of benefits and you’re missing out a lot of it if you don’t know about these.
Binance recently launched Sophon ( $SOPH ) as the 20th project in its BNB HODLer Airdrops. Users who subscribed their BNB to Simple Earn (Flexible and/or Locked) and/or On-Chain Yields products got the Airdrop for free.
As Sophon is now live on Binance, Lets explore the project and see what its all about.
**What is Sophon? **
Sophon is a ZK chain that completely redefines onchain experiences. Real applications, a simple user experience, and highly scalable, Sophon brings crypto to the world.
**Key Features of Sophon**
Built on Validium and the ZK Stack
🔸Higher Throughput: Process a larger volume of transactions efficiently
🔸Low Transaction Fees: Cost-effective interactions for users
🔸Layer 2 Benefits: Scalable while maintaining Ethereum mainnet security
Interoperability through Elastic Chains
🔸Seamless interactions with other ZK chains
🔸Operate across chains without liquidity fragmentation
Enhanced User Experience
🔸Fast, seamless, and secure environment
🔸Developers can build apps that interact across the ZK ecosystem
$SOPH Token Use Cases
🔸Gas token for all transactions; Paymasters enable gas-less UX
🔸Staking for PoS security; holders can delegate and share fees
🔸Node-operator rewards: 20% of supply over 3 years to Guardian NFT node runners
🔸Ecosystem & Liquidity incentives: 8% for L1+L2 farming and programs
🔸Future governance and burn mechanics after sequencer decentralization
**Tokenomics**
Token Name: Sophon (SOPH)
Genesis Total Supply: 10,000,000,000 SOPH
Max Supply: 10,000,000,000 SOPH
Circulating at Listing: 2,000,000,000 SOPH (20%)
Read More about Sophon Existing product and Binance Hodler Airdrop Here 👇
Deep Dive Into Sophon 👈