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SOON Foundation Launches SOON Recovery Plan: Will Burn 3% of Tokens and Advance Governance System Launch
BlockBeats News, July 11, the SOON Foundation announced the launch of the SOON Recovery Plan. In response to a recent price manipulation event, the SOON Foundation is about to initiate a new governance proposal covering a series of urgent measures aimed at restoring market confidence, alleviating supply pressure, and reaffirming the long-term growth commitment to the SOON ecosystem. This includes:
· Burning a total of 30,000,000 $SOON tokens (3% of total supply) to be removed from circulation.
· On-chain SOON Buyback Mechanism (in development): We are building a new on-chain product to enable the SOON Foundation to regularly buy back tokens directly from holders to further strengthen market support and gradually reduce circulating supply.
· Preparing to launch the $SOON Governance System. This system will allow token holders to participate in influencing key decisions regarding the future development of the SOON ecosystem, including fund usage, protocol upgrades, and ecosystem funding plans, among others.
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