SOON Foundation launches recovery plan: 3% of tokens will be burned and buybacks planned
TechFlame
2025-07-11 10:56
TechFlame2025-07-11 10:56
According to TechFlame, the SOON Foundation announced the SOON recovery plan. In response to recent price manipulation events, the SOON Foundation is about to launch a new governance proposal covering a series of urgent measures aimed at restoring market confidence, reducing supply pressure, and reaffirming commitment to the SOON ecosystem's long-term growth. including:
A total of 30,000,000 $SOON tokens (3% of total supply) were destroyed and removed from circulation.
On-chain SOON repurchase mechanism (under development): We are building a new on-chain product that will enable the SOON Foundation to regularly buy back tokens directly from token holders to further strengthen market support and gradually reduce circulation supply.
Preparations are under way to launch the $SOON governance system. The system will enable token holders to participate in key decisions affecting the future development of the SOON ecosystem, including the use of funds, protocol upgrades, and ecological funding programs.