1. SOON Mainnet – A general-purpose Layer 2 network built on Ethereum. 
2. SOON Stack – Infrastructure that allows SVM-based Layer 2 chains to be deployed on any L1. 
3. InterSOON – A cross-chain protocol enabling messaging and interaction between different chains. 

Team Information

The SOON team consists of experienced developers specializing in blockchain and SVM technologies. They have previously contributed to successful projects in Solana and Ethereum ecosystems. 

• Co-Founder & CEO: Joanna Zeng (former executive at Aleo) 
• CTO: Andrew Zhou 
• Other Key Members: Experts from Coinbase, OP Labs, AWS, and former Nexon executives (Jiwon Park and Steve Chae) 

Investors & Partners 

RAAS Partners: AltLayer (backed by Polychain Capital, Hack VC), Caldera (Ethereum modular rollup integration) 

Industry Leaders & VCs: Jump Crypto, Hack VC, ANAGRAM, ABCDE, Amber Group, The Rollup Ventures, Hypersphere, SNZ Capital, ArkStream Capital, GeekCartel, PAKA, MH Ventures, IDG Capital 

Project Concept

The vision is to provide full interoperability across different L1 networks and enable high-performance applications. Its primary goals: 

• Deploy high-performance SVM-based Layer 2 chains across all major L1s. 
• Use the InterSOON protocol to facilitate seamless cross-chain communication. 
• Enhance user and developer experience to accelerate mass blockchain adoption. 

How the Project Works

SOON’s operations are summarized in three layers: 

1. SOON Mainnet:
   A general-purpose Layer 2 network on Ethereum, handling transaction verification and smart contract execution via Decoupled SVM. 
2. SOON Stack:
   Enables SVM-based Layer 2 chains, called SOON Chains, to deploy on any L1. Works with AltDA solutions to provide infrastructure for scalable, high-performance applications. 
3. InterSOON:
   Cross-chain messaging protocol enabling native and standard communication between SOON chains and other L1s, allowing seamless interaction within the ecosystem. 

Governance

The ecosystem grants governance rights to $SOON token holders: 

• Voting on protocol upgrades and improvements 
• Managing ecosystem funds and grant programs 
• Defining treasury management and reward distribution 
• $SOON holders can participate directly in ecosystem decision-making. 

$SOON Token

$SOON is the native token of the SOON ecosystem, used for governance, staking, and ecosystem activities. Token holders can participate in network governance, stake to earn rewards, and access premium ecosystem features. 

Token Use Cases

• Governance: Protocol decisions and grant allocations 
• Ecosystem Activities: dApp transactions on SOON Mainnet and S. Chains 
• Rewards & Incentives: Incentives for developers and contributors 
• Staking: Validators stake $SOON to secure the network and earn ~3% annual rewards 

Token Information: 

• Total Supply: 972.83M SOON 
• Max Supply: ∞ 
• Circulating Supply: 288.93M SOON 

Token Distribution

• Community: 51% – fair launch and long-term supporters 
• Ecosystem Fund: 25% – grants, partnerships, strategic investments 
• Airdrop & Liquidity: 8% – user acquisition and exchange liquidity 
• Foundation/Treasury: 6% – operations, R&D, sustainability 
• Team & Early Contributors: 10% – project founders and contributors 

Roadmap 

• $SOON Pre-Staking: Launch of early staking mechanism 
• simpfor.fun V2: Advanced application release 
• Copy-Trading “Gold” Support: Enhanced copy-trading activated 
• Telegram & Twitch Integrations: New user channels launched 
• $SOON Native Gas Token: Gas token for all SOON SVM Chains 
• Account Abstraction & Universal Accounts: Account Abstraction wallets supported 
• Asset Diversity: Expanded copy-trading for US stocks and RWAs 

Ecosystem

The SOON ecosystem unites users and developers via SOON Mainnet, SOON Stack, and InterSOON. It supports cross-chain interoperability, retains users in the network, reduces costs, and provides high-performance infrastructure for DeFi, gaming, and financial applications. 

• Ecosystem Integration: Cross-chain connections with Ethereum, Solana, BNB Chain, Bitcoin, and TON 
• Appchains: Specialized, application-focused SVM Rollups in each ecosystem 

Official Links 

• Website
• SoonFoundation
• Twitter

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The post What is SOON Token? appeared first on Coin Engineer.

SOONUSDT Contract Details

Effective May 23, 2025, Binance Futures will list the SOONUSDT contract, offering up to 50x leverage. This USDⓈ-M contract settles in USDT, supports 24/7 trading, and benefits from Multi-Assets Mode, allowing traders to use BTC and other assets as margin.

Click to Trade with 10% Discount on Binance Futures!

The SOON token is built on the SOON Stack, a high-performance SVM rollup architecture aiming to extend the Solana trading experience across platforms. With capped funding rates of +2.00% / -2.00% and funding fee settlements every four hours, the contract is designed for active, strategic trading.

Important Notes For Traders

• SOONUSDT will initially be available only on the Futures platform; spot listing is not guaranteed.
• Tick size details will be announced 15 minutes before the contract launch.
• Futures Copy Trading support will be available within 24 hours.
• Binance may adjust contract specs like funding fee or leverage depending on market conditions.

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The post Binance Futures Announces New Listing! appeared first on Coin Engineer.