$SOMI is the functional token of the Somnia network
Somnia is a high-performance EVM-compatible Layer 1 public chain that uses MultiStream technology, with TPS reaching tens of millions, suitable for real-time scenarios such as gaming, social networking, the metaverse, and DeFi.
SOMI is used to pay gas fees, staking rewards, and governance, with a total supply of 1 billion, of which 10% is allocated for validator rewards, and 50% of gas fees will be burned, demonstrating deflationary properties. The project has launched an airdrop that covers testnet users and community contributors, with the airdrop accounting for 5%.
The trading volatility of the new SOMI token on Binance before listing will be relatively large, so do not blindly chase the price increase. Generally, new tokens face selling pressure from airdrops, and most of the tokens are held by the project team, so it is advisable to look for positions to short.
Daily focus: ONT SPK ONG SLF IOST
