What Is Sophon (SOPH) and Why Is It Getting Attention
3 min read · · Korean original
Contents 6
The crypto ecosystem is growing fast, but the barrier to entry is still high. Creating a wallet like MetaMask or OKX Wallet is far too difficult, sending coins is complicated even once you have a wallet, and even when you start to get the hang of it, there's still a gap before you can actually use it in everyday life.
Sophon was created to solve these problems. In this post, we'll look at how Sophon built a user-centric blockchain system, and go over the role of the Sophon coin, its tokenomics, and its main use cases.
What Is Sophon?
Sophon is a zero-knowledge proof-based Layer 2 platform designed to make complex blockchain technology easy for everyday users to access. In particular, it stands out for naturally integrating blockchain into services we use often in daily life, such as games and social media.
For example, on Sophon, users can log in with their Google account and use services without having to create a separate wallet or worry about gas fees. In this way, Sophon's goal is to make sure users never feel the technical complexity.
What Are Sophon's Technical Features?
Sophon implements a range of technologies to deliver a simple and secure blockchain experience. For instance, account abstraction is a technology that improves the user experience by supporting every account like a smart contract.
| Technical Feature | Description |
|---|---|
| Validium | Stores transaction data off-chain to speed up processing and reduce fees |
| ZKsync Elastic Chain | Provides smooth interoperability between multiple ZK chains, making asset transfers simple |
| Account Abstraction | Makes every account work like a smart contract to improve the user experience |
| Paymaster | Lets users pay gas fees in other tokens, or lets service providers pay them on users' behalf |
| zkTLS | A security protocol that can verify user data while keeping it protected |
| Social Oracle | Builds a trust and reputation system based on users' digital activity |
What Is the Main Role of the Sophon Coin?
The Sophon coin (SOPH) is used to pay transaction fees within the network. It is also paid out as a reward to node operators who support the network. On top of that, it is distributed as an incentive to developers and other ecosystem participants.
Sophon Coin Tokenomics
The total supply of the Sophon coin is 10 billion, with a distribution structure designed with long-term ecosystem growth in mind. The foundation holds 25%, and 50% is allocated to investors and ecosystem development. In addition, a total of 2 billion tokens will be distributed as node rewards over three years.
| Category | Share | Description |
|---|---|---|
| Node Rewards | 20% | Distributed over 36 months |
| Sophon Foundation | 25% | 12-month lockup, then distributed over 36 months |
| Investors | 20% | 12-month lockup, then distributed over 24 months |
| Advisors | 5% | Distributed over 36 months |
| Ecosystem Development | 30% | Used in various ways, including grants, incentives, and development support |
How Can You Buy the Sophon Coin?
The Sophon coin is currently listed on a wide range of exchanges, including Binance, Bybit, and OKX. In Korea, you can also buy Sophon with Korean won on exchanges such as Upbit, Bithumb, and Coinone.
Wrapping Up
Sophon is drawing attention as a platform that moves away from technology-centric blockchains to offer simpler, more convenient, user-centric services. By greatly lowering the barriers to the crypto ecosystem and blockchain, the Sophon project lets many users onboard to Web3 easily, building on the familiar experiences of Web2.
