SOON Foundation Launches Governance System and Plans to Permanently Burn 3% of SOON Tokens
Odaily Planet Daily reports that the SOON Foundation has launched its governance system today, allowing SOON holders to participate in voting and decision-making. At the same time, the Foundation announced a proposal to permanently burn 30 million SOON tokens (accounting for 3% of the total supply) in response to recent market volatility. Of these, approximately 7.7 million unclaimed airdrop tokens will be burned first, while the remaining 22.3 million will be repurchased from centralized exchanges and then burned. In addition, the SOON Foundation will hold a community AMA next Wednesday to provide detailed information about the token buyback plan, and is currently developing an on-chain buyback product to further enhance on-chain liquidity.
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