BinanceTR continues to introduce its newest projects to its users. BinanceTR has completed the listing of $SOPH, the token of the SOPHON blockchain. New projects are not widely known by users. For this reason, we have researched SOPHON ($SOPH) for you.
WHAT IS SOPHON? We cover all the details about the SOPH token in this post.
Sophon is a ZK chain that is part of ZKsync's broader Elastic Chain vision.
"zkSync (ZK) is an Ethereum Layer-2 scalability protocol."
The Sophon blockchain is powered by Ethereum. You can easily find Sophon in every wallet interface. It is supported by all EVM wallets. You can bridge your assets from Ethereum to Sophon using Sophon's native bridge.
Let's say that the interesting part of the Sophon chain is that SOPH rewards are earned using the blockchain. At least it caught our attention.
You can create applications, games, DeFI etc. projects on Sophon. Those who use these applications can earn $SOPH rewards. In this way, the chain is aimed to remain constantly updated and dynamic.
The creators of Sophon aim to be different. This is very clear. They have planned a chain suitable for the new age with consumer-oriented, stylish and quality applications.
There are many details about Sophon. In short, we can say this; by taking advantage of the internet-based money power of cryptocurrencies, they have integrated the cryptocurrency system with consumer applications. You can put all the applications we use today in this framework.
SOPH emerges as the native token of this chain. You can convert the rewards you earn on the chain into profit with the SOPH token. You can make your transactions on the chain with SOPH.
Let's say that the total and maximum supply of SOPH is 10 billion, but the initial circulating supply is 2 billion. If you are going to invest in a cryptocurrency; you should pay attention to the supply status and unlocking status.
The Sophon team has distributed a significant portion of SOPH tokens as AirDrop to those who do Pre-Mainnet Liquidity Mining. 57% of the total supply has been allocated to the Sophon community. Unlocking will continue for 5 years and a maximum supply of 10 billion units will be reached in total.
Sophon has become an interesting and different chain. If you have a project in particular, you can examine the Sophon network in more detail. We have summarized the project in outline. Be sure to add your own research to this summary.
