First of all, Happy New Year, everyone\u00a0!<\/strong> I wish you success, luck, and good health in 2025\u00a0!<\/strong><\/p>\n Today, let\u2019s talk about Sophon, a chain with the ambition to leverage crypto\u2019s power as an internet-native monetary system <\/strong>to help onboard millions of Web 2.0<\/strong> consumers who have much to gain through Sophon\u00a0! Sophon will soon launch its token, $SOPH<\/strong>, and you may have the opportunity to earn some before the official launch\u00a0!<\/p>\n Sophon is a blockchain built on the ZkSync Elastic Chain<\/strong>, which allows Sophon to achieve interoperability with other apps on ZkSync<\/em> while maintaining high scalability and security. Sophon uses ZkTLS technology<\/strong>, enabling the verification of web data. This technology lets users decide which specific data an app can\u00a0access<\/strong>.<\/p>\n Sophon Docs<\/a><\/p>\n Sophon plans to onboard millions of consumers worldwide<\/strong> by using blockchain technology to enhance user experiences in everyday use cases<\/strong>, including entertainment, social interactions, and\u00a0more.<\/p>\n Here\u2019s a clear example<\/strong> of what Sophon is aiming to achieve\u00a0:<\/p>\n \u201cImagine 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.\u201d<\/em><\/p>\n This is just one of the many use cases Sophon can be part of. If you want more examples, check out this thread by \u201cMid\u201d<\/strong>, the Community Growth Lead at\u00a0Sophon.<\/p>\n Sophon has raised $71 million<\/strong> through public sales via node sales (61) and funding rounds (10) involving major venture capital firms like OKX Ventures and\u00a0Binance.<\/strong><\/p>\n Source\u00a0: Cryptorank<\/p>\n This significant fundraising reflects strong faith in the project, which is a promising sign.<\/p>\n Currently, there are two ways to earn $SOPH\u00a0<\/strong>:<\/p>\n Running a Node or Delegating to Someone\u00a0Else<\/strong>Farming SP Points by Providing Liquidity in Different Pools<\/strong><\/p>\n For now, node sales have concluded, and no date has been announced for new sales. However, keep an eye on updates if you\u2019re interested in purchasing a\u00a0node.<\/p>\n The liquidity farm<\/a> is still open to the public until the launch of the $SOPH token, scheduled for Q1 2025<\/strong>. Here is how it works\u00a0:<\/p>\n Source\u00a0: https:\/\/farm.sophon.xyz\/farm<\/a><\/p>\n There are various pools where you can deposit specific tokens such as $PEPE<\/strong>, $BEAM<\/strong>, and others. In return, you will earn SP Points<\/strong>, which will be converted into $SOPH when the Token Generation Event (TGE)\u00a0occurs.<\/p>\n Here\u2019s how SP points are calculated\u00a0:<\/p>\n Pending Points = (Your Stake \u00d7 Points per Share \u00f7 1e18) + Settled Points\u200a\u2014\u200aReward\u00a0Debt<\/strong><\/p>\n Where\u00a0:<\/p>\n Your Stake<\/strong>: How many tokens you\u2019ve deposited in a\u00a0pool.Points per Share<\/strong>: How many points each token has earned so\u00a0far.1e18<\/strong>: A scaling factor to ensure precise calculations.Settled Points<\/strong>: Points you\u2019ve earned but haven\u2019t claimed\u00a0yet.Reward Debt<\/strong>: Points that have already been counted for your\u00a0stake.<\/p>\n Currently, 4%<\/strong> of the total $SOPH supply is allocated to farming\u00a0users.<\/p>\n Note for $ATH Stakers<\/strong>: You can deposit your staked $ATH to Sophon\u00a0!<\/p>\n On the Discord server, you can earn roles such as OG<\/strong> and Seeker<\/strong>, but there are no official airdrops for these roles\u00a0yet.<\/p>\n Also, since the tokenomics<\/strong> of $SOPH isn\u2019t finalized, I haven\u2019t included a detailed tokenomics section in this article. Once more information is available, I\u2019ll write a dedicated article on\u00a0it.<\/p>\n Important links\u00a0:<\/strong><\/p>\n Twitter (X)\u00a0: https:\/\/x.com\/sophon<\/a><\/p>\n Discord\u00a0: https:\/\/discord.gg\/cAc3PURV<\/a><\/p>\n Sophon Docs\u00a0: https:\/\/docs.sophon.xyz\/welcome<\/a><\/p>\n Website\u00a0: https:\/\/sophon.xyz\/<\/a><\/p>\n Telegram\u00a0: https:\/\/t.me\/SophonHub<\/a><\/p>\n As always, thank you for reading\u00a0!<\/strong><\/p>\n Follow me on\u00a0medium<\/a><\/p>\n Follow me on\u00a0Twitter<\/a><\/p>\n My favorite Crypto Faucet: Cointiply<\/a> (referral)<\/p>\n Read exclusive articles on publish0x<\/a>, and if you want to support me for free, you can sign in with this\u00a0link<\/a><\/p>\n Disclaimer: This is not financial advice, you need to do your own research!<\/em><\/p>\n Sophon\u00a0: The Entertainment Chain<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":" Sophon\u00a0: The Entertainment Chain First of all, Happy New Year, everyone\u00a0! I wish you success, luck, and good health in 2025\u00a0! Today, let\u2019s talk about Sophon, a chain with the ambition to leverage crypto\u2019s power as an internet-native monetary system to help onboard millions of Web 2.0 consumers who have much to gain through Sophon\u00a0! […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-32675","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/32675"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32675"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/32675\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What is\u00a0Sophon<\/h3>\n
Fundraising<\/h3>\n
Earning $SOPH<\/h3>\n
Nodes<\/h4>\n
Liquidity Farming<\/h4>\n