The $SO token is the digital currency of the SomniLife Ecosystem. It’s a fully multi-chain token, with an initial release on the Ethereum blockchain (ERC-20 token). $SO is the main currency in the SomniLife Metaverse.
1. Token utility, $SO tokens can be used to:
- Purchase: Use your $SO, or other popular coins, to mint, purchase and trade in-game NFT assets like avatars, wearables, stores, apartments and land. A portion of all revenue and fees will be used to strengthen the $SO ecosystem.
- Rewards: Airdrop, bounty program and Somni’s in-Metaverse rewards for live-to-earn, socialize-to-earn and build-to-earn, rewarding content creators and active inhabitants of the Metaverse.
- Participate in the SomniLife Governance: $SO holders will be able to vote on major decisions in SomniLife’s development.
- Premium Subscription Advantages: Join certain clubs and get early access to new features, exclusive airdrops, and more.
- Receive SomniLife Business benefits: A portion of business revenue will be converted into $SO and shared with the Somni Community.
2. Token Info
Token Symbol: SO
Token Name: SomniLife
Total Supply: 100 Billion (100,000,000,000)
Token Contract Address: 0xe5693a1df0d23bc3ad3242c47e5b2c25a1f7d693
Network: ERC-20, BEP-20, and more to come…
Ethereum is the first network we support, so by default the $SO tokens are ERC-20 compliant.
Soon we will support more networks like Binance Smart Chain, Solana, Polygon or Avalanche that provide a high-speed, low-cost alternative for the decentralized market, which has suffered from Ethereum’s high transaction fees.
- Token Launch
Stay tuned for our Q1 2022 announcement regarding the start of token trading. Tokens earned from Airdrop activities occurring before public trading will be fully claimable.
3. Token Distribution
50% of the total supply will be reserved for user rewards and ecosystem sustainability.
- In-Metaverse Rewards: 30%, for building a strong and loyal community over the next few years.
- Airdrop and Bounty: 10%, for lots of activities incentivizing SomniLife discussion and community involvement.
- Reserves: 10%
45% of the total supply will be allocated to build a solid foundation for the project.
- Private Sales: 10%, for top investors to elevate SomniLife.
- Advisors and Partners: 15%, for building long-term relationships with influencers and ambassadors, and working with brands to establish profitable partnerships and cross-promotion.
- Team: 20%, for highly skilled blockchain developers and Metaverse engineers. We offer competitive equity incentives to keep our talent for the long run.
5% to maintain liquidity, ensuring the tradability of $SO