SOPH, the native token of the entertainment-focused Layer 2 network Sophon, is set to make its official debut on Binance and other tier-1 exchanges later today. In a May 28 announcement , Binance confirmed that SOPH will be available for trading on Binance on May 28, 2025, at 13:00 UTC. The listing will mark the token’s first official appearance and will go live alongside Sophon’s Token Generation Event (TGE), and an accompanied listing on Binance Alpha , the exchange’s early-access section that showcases trending and promising Web3 projects scheduled earlier for the day. As part of the launch, Binance Alpha will host an exclusive airdrop campaign. Users can claim SOPH tokens using their Alpha Points, Binance’s reward system for early engagement on the Alpha event page, which will be published on the same day, along with the activity rules. Just 30 minutes later, the exchange’s futures platform, Binance Futures, will also add support for the token, allowing derivative traders to trade with up to 50x leverage. You might also like: Analysis: Bitcoin long-term holders hold firm despite 47% rally from recent lows Sophon has unveiled its tokenomics ahead of its Binance Alpha launch, confirming a capped total supply of 10 billion SOPH tokens, with 17.5% set to enter circulation at launch. The project is allocating 9% of the supply, 900 million SOPH, for airdrops, split between 600 million tokens for L1 farmers and 300 million for early supporters. All airdropped tokens will be fully unlocked at the TGE. Node operators will receive 20% of the supply, subject to a three-month cliff followed by weekly unlocks. Meanwhile, the ecosystem reserve will account for 26% of the total supply, with 42% unlocked at launch and the remainder vesting linearly over a five-year period. Core contributors will receive 25% of the total SOPH supply, while seed investors are allocated 18%. Both allocations are locked for 12 months, followed by a vesting period of two to three years. An additional 2% is reserved for liquidity mining incentives, set to unlock gradually over the year following the mainnet launch. What is Sophon? Sophon is an entertainment-focused Layer 2 blockchain built using zkSync’s Elastic Chain architecture. It was founded in 2024 by Sebastien, who previously worked as Head of DeFi at Matter Labs. The team also includes people who held roles at Ava Labs, Token Terminal, and Matter Labs, bringing experience from both blockchain and product development. The network focuses on consumer-facing use cases like gaming, social media, AI, and entertainment. It uses Validium technology to support faster and cheaper transactions while staying connected to Ethereum. At launch, SOPH will be used to cover gas fees and will allow holders to participate in governance decisions. The development team plans to add more utilities over time as the Sophon network and product offerings grow. Sophon has raised over $70 million through venture capital investments and a node sale, with backing from prominent investors, including YZi Labs (formerly known as Binance Labs) and Paper Ventures, among others. Read more: Two crypto investors charged with kidnapping and torturing a man for his Bitcoin password Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
