SOON Foundation launches governance system and plans to permanently destroy 3% of SOON tokens
By: odaily.com|2025/07/11 10:51:33
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Odaily News The SOON Foundation launched a governance system today, allowing SOON holders to participate in voting decisions. At the same time, it announced a proposal to permanently destroy 30 million SOON (3% of the total supply) to cope with recent market fluctuations, of which about 7.7 million unclaimed airdrops will be destroyed first, and the remaining 22.3 million will be repurchased from centralized exchanges and destroyed. In addition, the SOON Foundation will hold a community AMA next Wednesday to explain the token repurchase plan in detail, and is developing on-chain repurchase products to further improve on-chain liquidity.
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