SoSoValue will airdrop 49 million SOSO tokens in the first quarter, accounting for 4.9% of the total supply

PANews reported on January 17 that according to The Block, crypto market data provider SoSoValue plans to airdrop a total of 49 million SOSO tokens in the first quarter. SoSoValue co-founder Jessie Lo said in an interview that this allocation represents 4.9% of the total supply of 1 billion tokens. Lo said the bulk of the airdrop comes from the platform’s 30% ecosystem allocation.

The airdrop is divided into three parts: 4 million SOSO tokens distributed through cryptocurrency exchange Bybit’s Launchpool platform; 15 million proof-of-work (PoW) program tokens distributed during the token generation event; and in the first quarter ( 30 million tokens for Proof of Stake (PoS) rewards from January 25 to February 25). "The Bybit Launchpool allocation comes from the foundation's 17% share, while the PoW and PoS allocations come from the ecosystem allocation," Lo said.

SoSoValue will launch its token on Ethereum next week, with Bybit becoming the first exchange to exclusively list the token, Lo said, adding that listings on other exchanges would follow. Lo said that a snapshot of the PoW program was released today, with 15 million tokens allocated for the program, which have no vesting period. The PoS portion of the airdrop, totaling 30 million tokens, will take place after the token issuance and will be distributed within 31 days. Regarding future airdrops of the remaining 255 million tokens allocated to the ecosystem, Lo said more details will be announced later.