BNB holders are getting a lot of benefits and youāre missing out a lot of it if you donāt 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
šøHigher Throughput: Process a larger volume of transactions efficiently
šøLow Transaction Fees: Cost-effective interactions for users
šøLayer 2 Benefits: Scalable while maintaining Ethereum mainnet security
Interoperability through Elastic Chains
šøSeamless interactions with other ZK chains
šøOperate across chains without liquidity fragmentation
Enhanced User Experience
šøFast, seamless, and secure environment
šøDevelopers can build apps that interact across the ZK ecosystem
$SOPH Token Use Cases
šøGas token for all transactions; Paymasters enable gas-less UX
šøStaking for PoS security; holders can delegate and share fees
šøNode-operator rewards: 20% of supply over 3 years to Guardian NFT node runners
šøEcosystem & Liquidity incentives: 8% for L1+L2 farming and programs
šøFuture 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 š
Deep Dive Into Sophon š