What Is Somnia (SOMI)?

Somnia (SOMI) is the native token of the Somnia network, a high-performance Layer 1 blockchain tailored for metaverse and Web3 applications. With a fixed supply of 1 billion tokens, SOMI supports the network’s core functions: staking, transaction fees, and future governance. Validators stake SOMI to operate nodes, while token holders can delegate tokens to validators. Additionally, all network transactions use SOMI for gas fees. Somnia addresses scalability and interoperability challenges, providing an ideal infrastructure for fully on-chain, real-time applications in gaming, social media, and DeFi. With a decentralized and community-driven vision, Somnia strives to create an open, fair, and accessible virtual society. Let’s dive into what Somnia (SOMI) is, its purpose, and its tokenomics structure.

What is the Somnia (SOMI)?

The Somnia Network is a Layer 1 blockchain platform designed to empower metaverse and Web3 experiences. It solves critical scalability and interoperability issues to enable a fully on-chain ecosystem, particularly for real-time applications like gaming, social media, and DeFi. Somnia’s vision is to deliver Web3 features at Web2 scale (millions of concurrent users and hundreds of thousands of transactions per second), creating an open, censorship-resistant, and equitable internet.

Key Features

• High Performance: Somnia achieves over 400,000 transactions per second (TPS) with sub-second finality, making it one of the fastest EVM-compatible blockchain platforms. This is powered by technologies like Accelerated Sequential Execution and IceDB.

• Omnichain Protocols: Enables seamless interaction between metaverses, allowing assets to move effortlessly across platforms for a connected digital economy.

• Creator Economy: Tools like the “Object Protocol” empower creators to build, monetize, and innovate in the metaverse, promoting asset portability across platforms.

• Decentralization and Community Governance: Aims for a community-owned ecosystem where no single entity dominates.

• Innovative Architecture: Separates data production from consensus. Each validator operates its own data chain, while a separate consensus chain uses a modified HotStuff algorithm to enhance efficiency.

Mission and Objectives

Somnia aims to bring Web2-scale real-time applications to Web3, fostering a more open and equitable internet. Key objectives include:

• Supporting millions of concurrent users and hundreds of thousands of TPS.

• Providing censorship-resistant, accessible systems for anyone with internet access.

• Creating a shared-value ecosystem where no single party controls wealth.

• Enabling free movement of users and assets across platforms.

• Building a more open and equitable world.

Core Principles

• On-Chain Experiences: Technology enabling fully on-chain, real-time, mass-scale applications.

• Multiverse: A collection of interconnected experiences rather than a single platform.

• Composability: A collaborative culture where developers build on each other’s work.

• Creator Freedom: Protecting digital asset rights and fostering innovation without platform constraints.

• Universal Access: A virtual society open to anyone with an internet connection.

What Problems Does Somnia (SOMI) Solve?

Web3 has democratized finance through DeFi, but it falls short in mass consumer applications. Current blockchain platforms face performance limitations, high transaction costs, and data storage issues, hindering on-chain scalability. Somnia overcomes these with over 400,000 TPS and low fees, enabling innovative, on-chain applications in gaming, metaverse, and social media.

Current Landscape

EVM-compatible chains typically have low throughput (e.g., Ethereum at 9-18 DPS, BNB Chain at 194 DPS). Non-EVM chains like Solana, Aptos, and Sui offer higher TPS but lack access to the robust EVM developer ecosystem. Somnia combines EVM compatibility with high performance, addressing:

• Execution Speed: Smart contract execution and block creation speed.

• Storage: Access to chain history and data read/write performance.

• Bandwidth: Data transfer between nodes at high transaction volumes.

Somnia Blockchain Innovations

Somnia delivers groundbreaking performance among EVM-based blockchain platforms:

• MultiStream Consensus: A partially synchronous PoS protocol inspired by Autobahn BFT.

• Independent Data Chains: Each validator runs its own data chain for independent block production, eliminating consensus within data chains.

• Consensus Chain: Aggregates data chain heads using a modified PBFT algorithm, boosting efficiency.

• Compiled Bytecode: Translates EVM bytecode to x86, achieving near-native C++ speeds and millions of TPS on a single core.

• IceDB Database: Offers 15-100 nanosecond read/write, predictable performance, and snapshot support.

• Advanced Compression: Uses BLS signature aggregation and streaming compression for high data throughput.

Use Cases

• Gaming: Fully on-chain, evolving games where players own assets and modding freedom.

• SocialFi: On-chain social media platforms with user-owned accounts and data.

• Metaverse: Infrastructure for interconnected virtual worlds and economies.

• DeFi: Fully on-chain limit order books, mirroring centralized exchange efficiency.

• Real-Time Applications: Web2-scale applications with Web3 features, unlocking new possibilities.

Somnia (SOMI) Tokenomics

SOMI is the native token of the Somnia blockchain, with a fixed 1 billion token supply. Operating on a Delegated Proof-of-Stake (dPoS) model, it serves:

• Staking: Validators stake 5 million SOMI to run nodes. Token holders can delegate to validators for rewards.

• Payments: Gas fees are paid in SOMI.

• Governance: Future token holder voting on network decisions.

Staking and Delegation

• Validator Staking: Validators must stake 5 million SOMI, fulfilled via their own tokens or delegation. Rewards come from 50% of gas fees and treasury incentives.

• Delegated Staking: Token holders delegate to validators or a general pool. The general pool has no lockup, while specific pools require a 28-day lockup. Emergency unstaking forfeits 50% of tokens to the treasury.

• Example: If a validator delegates 50% of their stake with a 20% share rate, 10 of 100 SOMI rewards are distributed proportionally to delegators.

Token Distribution

• Total Supply: 1 billion SOMI

• Initial Circulating Supply: 160.2 million SOMI

• Distribution:

  • Community: 27.925%

  • Ecosystem: 27.345%

  • Team: 11%

  • Advisors: 3.58%

  • Launch Partners: 15%

  • Investors: 15.15%

SOMI Vesting

Somnia (SOMI) Roadmap

• Testnet: Testnet launch and decentralized validators.

• Mainnet: Mainnet launch.

• Somnia Browser: Mobile and web app for the Somnia ecosystem.

• Reactive Protocol: Enables developers to react to on-chain data and state changes.

• Semi-Permissionless Validators: Allows validators to join without foundation approval.

Somnia (SOMI) Investors

Somnia is backed by up to $270 million from Improbable, MSquared, and the Virtual Society Foundation. Key investors include a16z, SoftBank, Mirana, SIG, Digital Currency Group, and CMT Digital, strengthening Somnia’s metaverse and Web3 vision.

Somnia (SOMI) Team

Somnia’s leadership team comprises seasoned experts. Founder Paul Thomas shapes the platform’s vision. CMO Michelle Kang drives marketing strategies, while Head of Business Development Sal Liberto Jr. steers ecosystem growth. This team leads Somnia toward becoming a top Web3 and metaverse platform.

Official Links

• Website
• X (Twitter)
• Whitepaper

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