BNB holders are getting a lot of benefits and youâre missing out a lot of it if you donât 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
đžHigher Throughput: Process a larger volume of transactions efficiently
đžLow Transaction Fees: Cost-effective interactions for users
đžLayer 2 Benefits: Scalable while maintaining Ethereum mainnet security
Interoperability through Elastic Chains
đžSeamless interactions with other ZK chains
đžOperate across chains without liquidity fragmentation
Enhanced User Experience
đžFast, seamless, and secure environment
đžDevelopers can build apps that interact across the ZK ecosystem
$SOPH Token Use Cases
đžGas token for all transactions; Paymasters enable gas-less UX
đžStaking for PoS security; holders can delegate and share fees
đžNode-operator rewards: 20% of supply over 3 years to Guardian NFT node runners
đžEcosystem & Liquidity incentives: 8% for L1+L2 farming and programs
đžFuture 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 đ
Deep Dive Into Sophon đ