Today, many people did not choose to spend points to redeem $Xter listed on Binance. Everyone is waiting for SOON on the 23rd, as it is said that SOON will be a major player, but how exactly this project will unfold, let's analyze it according to our usual practice!
Let's state the conclusion first: SOON should be able to reach 200 U.
$SOON is specifically what kind of project? Simply put, it is a Layer 2 public chain based on $SOL , somewhat positioned like Ethereum's Optimism, with a greater focus on gaming and AI.
We all know that although Layer 2's valuation is not as high as Layer 1, it is significantly higher than ecological projects. Take gaming as an example; game data needs to be supported by the underlying chain, and the chain can support the rooting and growth of countless ecological projects, making it more worthwhile to participate than purely project-based initiatives!
Let's take a look at SOON's financing and team. SOON completed a $22 million financing in January, mainly institutional investors, but lacks top-tier investment institutions leading the round. IDG participated but the amount was not large.
The specific amount in the first round last year was not disclosed, but the main investors were largely personal investments from founders of top projects, including the chairman of the Solana Foundation, the founder of Manta, and the founder of Celestia! This means that there are big names supporting the project at launch!
SOON founder, former Vice President of Aleo, and has worked at Coinbase and OP Labs, belongs to resource-based founders.
As for SOON's token distribution:
Community accounts for 51%
Ecological development accounts for 25%
Airdrop and liquidity account for 8%
Foundation accounts for 6%
Team accounts for 10%
In short, most tokens will be distributed to the community, making it a rare community-sharing project, which is quite visionary!
So the key point is, if SOON must be participated in, we need to consider the strategic arrangements in the recent 4-day gap!
Based on Binance's airdrop frequency, there may be 1-2 rounds of airdrops in these 4 days. For example, my score tomorrow will be around 200 points. It is estimated that the threshold for SOON will be relatively high due to high participation expectations, so it would be safer to have at least 205 points on the 23rd!
This means that if any airdrop comes out during these 4 days, participation will not be allowed!
Of course, this also depends on whether there will be better projects appearing during this period. If there are, I will publish another analysis article to explain to the brothers!
