SoSoValue will conduct its Season 1 airdrop, totaling 49 million SOSO tokens

BlockBeats News, January 17th, according to TheBlock, cryptocurrency market data provider SoSoValue plans to airdrop a total of 49 million SOSO tokens in the first quarter. Jessie Lo, co-founder of SoSoValue, stated in an interview that this allocation accounts for 4.9% of the total token supply of 1 billion, with most of the airdrop coming from the platform's 30% ecosystem allocation.

The airdrop is divided into three parts:

400,000 SOSO tokens will be distributed through Bybit's Launchpool platform;

15 million Proof of Work (PoW) process tokens will be distributed in a token generation event;

30 million tokens will be used for Proof of Stake (PoS) rewards during the first quarter (January 25th to February 25th).

Lo stated: "The Bybit Launchpool allocation comes from the foundation's 17% share, while the PoW and PoS allocations come from the ecosystem allocation." SoSoValue will launch its token on the Ethereum network next week, with Bybit being the first exchange to list the token, followed by listing on other exchanges.