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 accounts for 4.9% of the total supply of 1 billion tokens. Lo said that most of the airdrop came from the platform's 30% ecosystem allocation.
The airdrop is divided into three parts: 4 million SOSO tokens issued through the Launchpool platform of cryptocurrency exchange Bybit; 15 million proof-of-work (PoW) program tokens distributed in the token generation event; and 30 million tokens for proof-of-stake (PoS) rewards during the first season (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," said Lo.
Lo said SoSoValue will launch its token on Ethereum next week, and Bybit will be the first exchange to list the token exclusively, adding that it will be listed on other exchanges later. Lo said that a snapshot of the PoW program was released today, which allocated 15 million tokens, which have no vesting period. The PoS portion of the airdrop, totaling 30 million tokens, will take place after the token is issued and will be distributed within 31 days. Regarding the future airdrop of the remaining 255 million tokens allocated to the ecosystem, Lo said more details will be released later.
