Original Title: "Binance Alpha Launch Imminent, What Is a Reasonable Valuation for SVM Track Representing SOON?"

Original Author: Asher, Odaily Planet Daily

Yesterday, the SOON team officially announced on the X platform that the token airdrop query feature had been launched. Early contributors such as the Red Pill Cabal, Seasoned Sooner, and Big Bang participants can immediately check their airdrop amounts. Users can also pre-deposit SOON tokens to four exchanges: Bitget, Gate.io, KuCoin, and MEXC. SOON CEO Joanna Zeng stated that this is just the beginning and with the upcoming OKX Early Access, users will have more opportunities to earn SOON tokens.

Additionally, the Binance Alpha platform will list the SOON token for trading on May 23. At that time, eligible users can claim the airdrop using Alpha points on the Alpha event page.

Binance Alpha to List SOON

Next, the Odaily Planet Daily will take everyone through the upcoming listing of SOON, the community's sentiment on the token airdrop, this week's upcoming live copy-trading product, and pre-trading of SOON along with early fundraising costs.

SOON Project Introduction

SOON is a Rollup stack based on the Solana Virtual Machine (SVM), focusing on building high-performance, low-cost blockchain infrastructure to drive the mass adoption of Web3 applications. Compared to traditional blockchains, SOON adopts a more efficient technical architecture, aiming to improve network performance and economic viability, providing a more user-friendly environment for developers and users.

The project follows a dual-track growth model driven by VCs and the community, emphasizing fair launches and widespread participation. SOON raised funds through the "COMMing SOON" NFT minting method and allocated 51% of the tokens to the community, achieving decentralized token distribution and virality, embodying the narrative tension of "cake-sharing for everyone."

The private funding round was led by Hack VC, with participation from prominent institutions such as ABCDE, Hypersphere, SNZ Capital, showcasing a deep involvement of core team members from Solana, Celestia, among others, reflecting the market's high recognition of its technical direction and community philosophy. It is worth mentioning that CZ had previously retweeted the official tweet of the SOON project, quickly igniting market sentiment. Many "moonshot enthusiasts" believed this to be a strong endorsement of SOON's significant potential in the SVM track.

CZ retweeted the official tweet of the SOON project

SOON Airdrop Community Sentiment

Looking at the sentiment on social media, the SOON airdrop this time is still mixed:

"Looking around, KOLs with many followers are winning big in this airdrop, it seems the strategy of airdrop hunting is once again changing";

"Small accounts received 0.2 to 10 tokens for saving, 40 small accounts are not as good as a big account promoting SOON on X, so I was so mad that I went straight to the Binance wallet and traded with a volume of $60,000";

"SOON has written a lot of research content on X, the project team has distributed many airdrop tokens, Binance Alpha is once again gaining hype, looking forward to the listing performance";

"SOON unexpectedly airdropped quietly, although not much, it was basically not anti-fan-rinsed."

Overall, this SOON token airdrop was very friendly to KOLs who had previously "worked hard" to promote the project on X platform, while small accounts participating in early interactions did not receive the expected rewards. Perhaps the moonshot strategy is also transitioning from "mindless joining" to a new stage of "fine polishing."

Live Copy Trading Product simpfor.fun V2 to be Released This Week

Trading remains at the core of Web3 and is the most convenient entry point for mainstream users. SOON Co-founder Joanna posted announcing the upcoming release of the SOON live copy trading product simpfor.fun V2, which will support assets such as gold and US stocks, and develop a live platform plugin to bring new copy trading profit methods to all hosts, with a high-performance chain becoming essential infrastructure in live copy trading.

simpfor.fun V2 Product Concept

Unlike existing tools, simpfor.fun V2 introduces a brand-new concept called LiveTrade, seamlessly integrating copy trading into live streaming scenarios. Compared to fragmented social media and shallow short-form video content, live streaming inherently offers a stronger sense of user connection, higher retention rates, and tighter community engagement. For example, viewers watching a live stream on platforms like Twitch or SOOP can use the simpfor.fun plugin to replicate the trades of the streamer or other experienced investors with a single click. Any streamer only needs to promote simpfor.fun to receive up to 80% of referral commissions, without requiring trading knowledge, and can profit alongside their fans.

SOON Pre-Trade and Community Public Sale Cost

Previously, the SOON token had been listed on Bitget's pre-trade section, allowing users to quote and trade ahead of time. Current data shows that SOON is temporarily priced at $0.388, with an initial total token supply of 1 billion and a total market cap of only $388 million. If the actual initial circulation is around 15% to 20%, the corresponding market cap would be between $60 million and $80 million.

SOON Pre-Trade Data on Bitget

According to community feedback, SOON had previously completed its token fundraising through four rounds via NFT sales, with most of the funds essentially contributed by community support. The highest cost was incurred by participants in the SOONests round, who purchased unlocked tokens at a price of $0.31; while participants in the SOONer round had a three-month linear unlock with a price of $0.28, but due to additional airdrops from the project team, the actual cost for some SOONer participants has been diluted to the range of $0.2 to $0.28.

Based on the current pre-trade data, SOON is priced at $0.388, showing a limited premium to the community's average cost, which is still within a reasonable range. Considering that SOON is about to launch on the Binance Alpha Launchpad and Bitcoin is approaching its all-time high, the overall market sentiment leans toward optimism. In conclusion, it is advised to be cautious and observe the market carefully at the beginning of SOON trading, avoiding blind shorting operations.

Original Article Link

Welcome to join the official BlockBeats community:

Telegram Subscription Group: https://t.me/theblockbeats

Telegram Discussion Group: https://t.me/BlockBeats_App

Official Twitter Account: https://twitter.com/BlockBeatsAsia