I. Project Introduction

1. What Is SOON?

SOON (Solana Optimistic Network) is a rollup stack based on a decoupled SVM (Solana Virtual Machine), designed to provide top-tier performance for all L1s. Its technical architecture comprises three core components: the SOON Mainnet, the SOON Stack, and the cross-chain protocol InterSOON. The SOON Stack offers modular deployment for SVM Rollups, supporting customizable settlement layers and various DA solutions (like Celestia, EigenDA, and Avail). InterSOON ensures seamless asset and data flow between different Rollups and the mainnet. Within the SOON ecosystem, Simpfor.fun introduces LiveTrade, a groundbreaking mode for seamless on-chain copy trading integrated with live broadcasts. This allows users to instantly mirror top trader strategies, with all profit and loss data transparently updated in real-time.

2. How Does SOON Work?

The SOON mainnet achieves 50-millisecond block times and 30,000 TPS (transactions per second) throughput on Ethereum by decoupling the SVM (SOON Virtual Machine) from its native consensus. By employing Merkle root compression for state verification data, SOON enhances cross-chain transaction verification efficiency by 80%. Its design incorporates distributed nodes that process transactions in parallel. When combined with data availability solutions like EigenDA, throughput can dynamically scale up to 650,000 TPS. Moreover, SOON leverages Ethereum as its ultimate settlement layer and offers compatibility with modular DA solutions like Celestia and Avail, resulting in significantly lower Gas costs.

3. Who Founded SOON?

The SOON team draws its talent from industry leaders in both Web3 and Web2, including Coinbase, OP Labs, AWS, and Aleo, boasting rich experience in on-chain infrastructure development and cross-chain system architecture.

Joanna Zeng, Co-founder and CEO of SOON, formerly held the position of Vice President at Aleo. She's been a prominent figure in the crypto space since 2017, having spearheaded business development and partnerships at Coinbase, Optimism, and Aleo.

Yang (Andrew) Zhou, SOON's Co-founder and CTO, is renowned for his expertise in smart contract development and Layer 1 blockchain building. He brings five years of Rust and six years of Golang development experience.

Ruki Hu, the CMO of SOON, previously worked at JDI Global, a leading Hong Kong investment bank, where she led investments in SVM ecosystem projects like Sonic SVM.

4. SOON Tokenomics

SOON adopts a Fair Launch model, with no VC privileges or private sale rounds. 51% of tokens are reserved for the community, and over 12% are specifically allocated for airdrops, distributed via NFT binding and on-chain activities. The token allocation and unlocking schedule are as follows:

Community (51%): Released based on on-chain activities, integrated with the NFT module, with some airdrops linked to contributions.

Ecosystem Fund (25%): Locked for 12 months.

Team & Co-builders (10%): Locked for 9 months, then released linearly over 36 months.

Airdrop & Liquidity (8%): Some were released immediately; the rest flexibly deployed based on AMM and market conditions.

Foundation / Treasury (6%): Locked for 12 months.

5. Timeline of Key Milestones

August 27, 2024: SOON secured investments from notable individual investors such as Lily Liu (Solana Foundation Chair), Anatoly Yakovenko (Solana Labs Co-founder), Jonathan King (Coinbase Ventures Head), Mustafa Al-Bassam (Celestia Labs Co-founder), Robinson Burkey (Avail Co-founder), and Robinson Burkey (Wormhole Foundation Co-founder).

January 4, 2025: SOON officially launched its Alpha mainnet and unveiled the $SOON tokenomics.

January 22, 2025: SOON successfully raised $22 million via NFT sales in a funding round led by Hack VC, with participation from ABCDE, Anagram, Hypersphere, SNZ Capital, ArkStream Capital, GeekCartel, PAKA, Web3Port, MH Ventures, and IDG Capital.

May 23, 2025: Binance Alpha announced the listing of the $SOON token.

II. Token Information

III. Related Links