Sophon : The Entertainment Chain
First of all, Happy New Year, everyone ! I wish you success, luck, and good health in 2025 !
Today, let’s talk about Sophon, a chain with the ambition to leverage crypto’s power as an internet-native monetary system to help onboard millions of Web 2.0 consumers who have much to gain through Sophon ! Sophon will soon launch its token, $SOPH, and you may have the opportunity to earn some before the official launch !
What is Sophon
Sophon is a blockchain built on the ZkSync Elastic Chain, which allows Sophon to achieve interoperability with other apps on ZkSync while maintaining high scalability and security. Sophon uses ZkTLS technology, enabling the verification of web data. This technology lets users decide which specific data an app can access.
Sophon plans to onboard millions of consumers worldwide by using blockchain technology to enhance user experiences in everyday use cases, including entertainment, social interactions, and more.
Here’s a clear example of what Sophon is aiming to achieve :
“Imagine someone is a fan of an indie artist, has listened to them on Spotify for years, and followed them on all socials. That artist decides to reward their fans with an NFT ticket to their concert. ZkTLS will let them find the digital footprints of their longtime supporters.”
This is just one of the many use cases Sophon can be part of. If you want more examples, check out this thread by “Mid”, the Community Growth Lead at Sophon.
Fundraising
Sophon has raised $71 million through public sales via node sales (61) and funding rounds (10) involving major venture capital firms like OKX Ventures and Binance.
Source : Cryptorank
This significant fundraising reflects strong faith in the project, which is a promising sign.
Earning $SOPH
Currently, there are two ways to earn $SOPH :
Running a Node or Delegating to Someone ElseFarming SP Points by Providing Liquidity in Different Pools
Nodes
For now, node sales have concluded, and no date has been announced for new sales. However, keep an eye on updates if you’re interested in purchasing a node.
Liquidity Farming
The liquidity farm is still open to the public until the launch of the $SOPH token, scheduled for Q1 2025. Here is how it works :
Source : https://farm.sophon.xyz/farm
There are various pools where you can deposit specific tokens such as $PEPE, $BEAM, and others. In return, you will earn SP Points, which will be converted into $SOPH when the Token Generation Event (TGE) occurs.
Here’s how SP points are calculated :
Pending Points = (Your Stake × Points per Share ÷ 1e18) + Settled Points — Reward Debt
Where :
Your Stake: How many tokens you’ve deposited in a pool.Points per Share: How many points each token has earned so far.1e18: A scaling factor to ensure precise calculations.Settled Points: Points you’ve earned but haven’t claimed yet.Reward Debt: Points that have already been counted for your stake.
Currently, 4% of the total $SOPH supply is allocated to farming users.
Note for $ATH Stakers: You can deposit your staked $ATH to Sophon !
On the Discord server, you can earn roles such as OG and Seeker, but there are no official airdrops for these roles yet.
Also, since the tokenomics of $SOPH isn’t finalized, I haven’t included a detailed tokenomics section in this article. Once more information is available, I’ll write a dedicated article on it.
Important links :
Twitter (X) : https://x.com/sophon
Discord : https://discord.gg/cAc3PURV
Sophon Docs : https://docs.sophon.xyz/welcome
Website : https://sophon.xyz/
Telegram : https://t.me/SophonHub
As always, thank you for reading !
My favorite Crypto Faucet: Cointiply (referral)
Read exclusive articles on publish0x, and if you want to support me for free, you can sign in with this link
Disclaimer: This is not financial advice, you need to do your own research!
Sophon : The Entertainment Chain was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.