The post Binance Labs-backed Sophon to debut on major exchanges today, 900m tokens set for airdrop appeared on BitcoinEthereumNews.com.

SOPH, the native token of the entertainment-focused Layer 2 network Sophon, is set to make its official debut on Binance and other tier-1 exchanges later today. In a May 28 announcement, Binance confirmed that SOPH will be available for trading on Binance on May 28, 2025, at 13:00 UTC. The listing will mark the token’s first official appearance and will go live alongside Sophon’s Token Generation Event (TGE), and an accompanied listing on Binance Alpha, the exchange’s early-access section that showcases trending and promising Web3 projects scheduled earlier for the day. As part of the launch, Binance Alpha will host an exclusive airdrop campaign. Users can claim SOPH tokens using their Alpha Points, Binance’s reward system for early engagement on the Alpha event page, which will be published on the same day, along with the activity rules. Just 30 minutes later, the exchange’s futures platform, Binance Futures, will also add support for the token, allowing derivative traders to trade with up to 50x leverage. Sophon has unveiled its tokenomics ahead of its Binance Alpha launch, confirming a capped total supply of 10 billion SOPH tokens, with 17.5% set to enter circulation at launch. The project is allocating 9% of the supply, 900 million SOPH, for airdrops, split between 600 million tokens for L1 farmers and 300 million for early supporters. All airdropped tokens will be fully unlocked at the TGE. Node operators will receive 20% of the supply, subject to a three-month cliff followed by weekly unlocks. Meanwhile, the ecosystem reserve will account for 26% of the total supply, with 42% unlocked at launch and the remainder vesting linearly over a five-year period. Core contributors will receive 25% of the total SOPH supply, while seed investors are allocated 18%. Both allocations are locked for 12 months, followed by a vesting…

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Filed under: News - @ May 28, 2025 11:21 am