SoSoValue Airdrop Announcement

SoSoValue, a crypto market data provider known for tracking ETF daily inflows and outflows, plans to airdrop 49 million SOSO tokens in its first season.

This allocation constitutes 4.9% of the total supply of 1 billion tokens, according to SoSoValue co-founder Jessie Lo in an interview with The Block. The majority of this airdrop is sourced from the platform’s 30% ecosystem allocation.

Airdrop Breakdown

The airdrop is segmented into three categories:
1. 4 million SOSO tokens via Bybit’s Launchpool platform.
2. 15 million tokens allocated for the proof of work (PoW) program, distributed at the token generation event.
3. 30 million tokens for proof of stake (PoS) rewards available during Season 1, scheduled from January 25 to February 25.

Lo stated that the Bybit Launchpool allocation is taken from the foundation’s 17% share, while PoW and PoS distributions come from ecosystem reserves.

Token Launch Information

SoSoValue’s token will debut next week on Ethereum, with Bybit being the exclusive first exchange for its listing. Additional exchange listings are expected to follow.

The snapshot for the PoW program, which consists of 15 million tokens, has already been completed, enabling immediate liquidation upon launch as there is no vesting period. The PoS airdrop, totaling 30 million tokens, will occur post-launch over a 31-day period, tied to the platform’s index tokens. Participants must purchase these tokens and meet specific criteria to join the airdrop.

Looking ahead, Jessie Lo mentioned that further announcements regarding the remaining 255 million tokens allocated to the ecosystem will be made, assuring that all future distributions aim to benefit the SoSoValue community.

Recent Funding

This news follows SoSoValue’s recent $15 million Series A funding round with a valuation of $200 million, reflecting a significant increase from its previous $50 million valuation noted last June.