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- #Gate 2025 Semi-Year Community Gala# voting is in progress! 🔥
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The SOON Foundation has launched a governance system and plans to permanently burn 3% of SOON Tokens.
Odaily News SOON Foundation has launched a governance system today, allowing SOON holders to participate in voting decisions. At the same time, it announced a proposal to permanently destroy 30 million SOON (accounting for 3% of the total supply) to address recent market fluctuations, with approximately 7.7 million unclaimed airdrops to be destroyed first, and the remaining 22.3 million to be repurchased from the centralized exchange before destruction. In addition, the SOON Foundation will hold a community AMA next Wednesday to elaborate on the token repurchase plan and is developing an on-chain repurchase product to further enhance on-chain liquidity.