PANews reported on July 11 that the SOON Foundation tweeted that in response to recent price manipulation incidents, a new governance proposal is being released, covering a series of measures aimed at restoring market confidence and alleviating supply pressure. Details are as follows:
1. Token burn plan - 3% of total supply. A total of 30 million SOON tokens (3% of total supply) will be permanently removed. Approximately 7.7 million unclaimed airdrop $SOON (about 0.77%) will be burned in the coming days. The remaining 22.3 million SOON will be repurchased from centralized exchanges and burned in the coming days. This plan aims to directly reduce the existing supply and maintain price stability in the context of recent market fluctuations.
2. To maintain transparency and open communication, an AMA event will be held on Twitter next Wednesday, where founder Joanna and marketing director Henry will be present. The event will detail the complete recovery plan and answer various questions from the community.
3. On-chain SOON buyback product (in development). Meanwhile, the team is building a new on-chain product that will allow the SOON Foundation to regularly repurchase tokens directly from holders—this is a mechanism to further strengthen support and gradually reduce circulating supply.
4. Launching $SOON governance. The team is preparing to launch the $SOON governance system, which includes everything from fund allocation to protocol upgrades and ecosystem grants.
