SOON coin will be listed on Binance Alpha on May 23, attracting community attention. SOON is an efficient SVM (Solana Virtual Machine) Rollup designed to enhance Solana's scalability and speed while operating across multiple blockchain ecosystems.
With SOON coin listed on exchanges like Binance, many are curious about the future of this cryptocurrency.
This article will detail what SOON coin is and analyze its potential price and future.
What is SOON coin? What are its future prospects? Binance Alpha will launch SOON!
Latest news and updates on SOON coin
Cryptocurrency exchange Binance announced on May 19 that SOON coin will be listed on its Alpha platform, attracting community attention.
Binance Alpha will be the first platform to launch SOON ($SOON)! Trading opens on May 23.
Eligible users need to use Binance Alpha points to claim airdrops on the Alpha event page, which will be available on May 23.
Stay tuned for updates on subsequent event information from the official account!
SOON coin trading will start on the 23rd, and eligible users can use points on the Binance Alpha page to claim SOON token airdrops.
Specific ways to earn points can be found here: What are Binance Alpha points? How to earn airdrop points on Binance Alpha?
What is SOON?
SOON stands for 'Solana Optimistic Network', an efficient SVM (Solana Virtual Machine) Rollup that promotes large-scale adoption of blockchain by utilizing SVM. The project aims to deploy SVM on major Layer 1s such as Ethereum, BNB Chain, and eventually Bitcoin and TON to address performance and interoperability bottlenecks.
SOON envisions building a super adoption stack (SAS), integrating three core products: SOON Mainnet, SOON Stack, and InterSOON.
SOON Mainnet has been launched on Ethereum and announced plans to deploy on BNB Chain in the near future. The project has processed over 19 million transactions, has 1.25 million active addresses, and a total locked value (TVL) of $18.16 million.
Introduction to the SOON development team
The SOON cryptocurrency project is led by founder Joanna, who has over 7 years of experience in cryptocurrency and 13 years in traditional finance (Citibank). She has held business development positions at Aleo, Optimism Foundation, and Coinbase, and holds a Bachelor of Science degree from Carnegie Mellon University and an MBA from Columbia University.
Under the leadership of the SOON team, SOON has received support from well-known investors such as Polychain Capital and Hack VC, and is integrated through SOON's strategic partner Altlayer.
How does SOON work?
To achieve large-scale blockchain applications, SOON includes three main products: SOON Mainnet, SOON Stack, and InterSOON.
What is SOON coin? What are its future prospects? Binance Alpha will launch SOON!
1. SOON Mainnet
SOON Mainnet is a general Layer 2 that achieves outstanding performance on Ethereum using decoupled SVM. It supports over 30,000 TPS and 50ms transaction latency, providing a fast experience for users and developers.
The goal is to separate Ethereum from EVM and replace it with SVM to optimize performance for large-scale applications from DeFi to gaming.
The TVL of SOON Mainnet is $18.16 million, with over 19 million transactions, showcasing strong potential to attract users and developers from the Ethereum ecosystem.
2. SOON Stack
SOON Stack is the first toolkit to deploy SVM-based Layer 2 on any Layer 1, called SOON Chains. Currently supporting Ethereum, it integrates with EigenDA, Caldera, and Alt layer to maximize performance and security.
Future expansion plans include Layer 1s such as BNB Chain, Bitcoin, and TON. SOON Stack is particularly suitable for:
Customized consumer applications: Flexible transaction fee control.
High-performance applications: Games, DeFi, and trading platforms that require low latency and high throughput.
Financial platform: Due to the parallel processing capabilities of SVM, large-scale transactions can be achieved at low cost.
SOON Stack's partner Caldera supports over 75 aggregators on Ethereum, helping SOON Chains benefit from network effects and scalability.
What is SOON coin? What are its future prospects? Binance Alpha will launch SOON!
3. InterSOON
InterSOON is a cross-chain messaging protocol that ensures interoperability between the SOON mainnet, SOON chains, and other Layer 1s. Supported by Hyperlane, it eliminates the need for traditional token bridges, enabling seamless movement of assets across chains without fragmenting liquidity.
Key features of InterSOON:
Unified communication standards: Chains communicate through a single messaging layer without the need for custom bridges.
Retain liquidity: Assets retain their native form, enhancing cross-chain efficiency.
High performance: Decoupled SVM reduces costs and increases scalability for cross-chain DeFi.
InterSOON currently connects over 1.2 million active addresses and has facilitated over 19 million transactions, highlighting its potential to support a seamless blockchain ecosystem.
What are the uses of SOON coin?
SOON coin is the native cryptocurrency of the SOON ecosystem, serving not only as a governance token but also as a pillar for ecosystem incentives, access layers, and community-building activities.
The main uses of SOON are as follows:
Governance: Holders can vote on protocol upgrades, fund management, and ecosystem development on SOON Mainnet and SOON Stack Chains.
Native asset: Used to pay for transactions and operations throughout the ecosystem.
Incentives: Rewards developers and projects that build DApps or tools to promote innovation.
Staking: Validators stake SOON to ensure network security and receive a 3% annual reward.
SOON tokenomics
The total supply of SOON coins is 1 billion SOON (increasing by 3% each year), with the specific token distribution as follows:
Community incentives: 51% (510 million tokens)
Ecosystem growth and partnerships: 25% (250 million tokens)
Team and contributors: 10% (100 million tokens)
Airdrop and liquidity: 8% (80 million tokens)
Foundation and Finance Department: 6% (60 million tokens)
What is SOON coin? What are its future prospects? Binance Alpha will launch SOON!
SOON tokenomics
Since more than half of the supply is thoughtfully allocated for community building, the project remains firmly focused on decentralization and community participation.
SOON airdrop
From the above tokenomics, it can be seen that SOON allocated 8% of its tokens for airdrops.
According to official news, SOON has released an airdrop check page, and community airdrops will be open for participants of Red Pill Cabal, Seasoned Sooner identities on Discord, Dedicated SOON Geeks, and others to claim.
Additionally, Binance Alpha users can start using Binance Alpha points to claim airdrops on the Alpha event page starting May 23.
Analysis of SOON coin's future potential.
In the short term, due to the listing situation on Binance Alpha and the current market conditions, analysts estimate the listing price of SOON coin to be around $0.30 to $0.80.
In the early stages of trading, rarity combined with hype and demand may push the token into a higher price range. However, as airdrop recipients begin to claim and sell portions of their tokens, short-term prices may easily adjust.
However, in the long term, the future of SOON coin will depend on ecosystem expansion, developer engagement, and large-scale real-world utility. If the project successfully executes its roadmap and achieves strategic partnerships, the token may present gradual and sustainable price growth.
If there are no development issues, the project's progress will depend on market sentiment; the price of this altcoin may reach $0.50 to $1.00 within six to twelve months.
Overall, the future value of SOON largely depends on the growing demand for staking, highly profitable utility functions, and large-scale adoption of the ecosystem.
Summary
SOON has tremendous potential to accelerate blockchain adoption through the efficiency of SVM and its cross-chain interoperability. Its cryptocurrency $SOON provides governance, staking, and incentive features, which may be the main driving force behind ecosystem growth.
With listings on major exchanges like Binance, SOON may attract more capital from retail and institutional investors.
