7.3 Ecosystem Incentive & S1 Airdrop Planning
Last updated
Last updated
SoSoValue Long-Term Incentive Program
To foster sustained growth and engagement, 30% (approximately 300,000,000) of the native token $SOSO supply will be allocated to the Ecosystem Development Fund. This initiative focuses on driving the expansion of the SoSoValue platform, protocol, and ecosystem through two key incentive structures: Proof of Work (PoW) and Proof of Stake (PoS).
1. Proof of Work (PoW) Incentives
Objective: Promote user engagement, platform activity, and referrals to expand SoSoValue’s reach.
How to Earn:
Earn EXP and level up by actively using the SoSoValue platform and referring new users.
Reward Distribution:
Rewards will be airdropped annually based on users’ EXP and levels.
Initial Airdrop: 1.5% (15,000,000 $SOSO) of the total supply.
Annual allocation will decrease based on ecosystem growth and market conditions.
2. Proof of Stake (PoS) Incentives
Objective: Encourage passive investment, long-term token holding, and support for the SoSoValue Indices (SSI) protocol.
How to Earn:
Purchase and stake SSI index tokens (e.g., MAG7.ssi, DEFI.ssi, MEME.ssi, USSi) at ssi.sosovalue.com to earn points.
Reward Distribution:
Rewards will be airdropped at the end of each program season.
Season 1 Reward Pool: 3% (30,000,000 $SOSO) of the total supply.
Rewards are allocated based on each user’s proportion of the total points earned.
Reward pools will decrease annually, aligning with market conditions and ecosystem growth.
Season1 Program Period:
Start: January 25, 2025, 18:00 (UTC+8)
End: February 25, 2025, 18:00 (UTC+8)
Duration: 31 days
Total Reward Pool:
30,000,000 $SOSO (3% of the total supply), corresponding to 3,200,000,000 points.
Rewards distributed based on users’ points earned during the program period
Point System:
Total Points: 3,200,000,000 points
Points Allocation:
Early-Bird Bonus: 100,000,000 points allocated to SSI token holders before staking program starts
Daily Bonus: Remaining 3,100,000,000 points distributed daily over 31 days (100,000,000 points/day).
Daily Points Calculation & Distribution:
Snapshot:
Daily snapshots of each account’s token holdings and staked amounts will be taken at a random time within ±3 hours of 12:00 PM UTC.
Points Calculation Method:
Weighted Holdings = (Token Holdings × Holding Multiplier) + (Staked Tokens × Staking Multiplier).
Daily Points = (User’s Weighted Holdings ÷ Total Weighted Holdings) × 100,000,000
Example:
User A holds 100 MAG7.ssi tokens (Holding Multiplier = 3) and stakes 100 MAG7.ssi tokens (Staking Multiplier = 15).
Weighted Holdings = (100 × 3) + (100 × 15) = 1,800.
If total weighted holdings for the day are 1,800,000, User A’s share = 1,800 ÷ 1,800,000 = 0.1%.
Daily Points = 100,000,000 × 0.1% = 100,000 points.
Referral Program:
How to Earn Referral Points:
Generate a unique referral link from the Rewards page.
Share the link on social media or other channels.
New users completing their first purchase through the referral link are permanently tagged to the referrer’s account.
Referral Points Calculation:
Referrers earn 10% of their invited users’ weighted holdings as additional points.
Example:
User A’s Weighted Holdings: 300 (self)
User B (invited by A) stakes 1,000 MAG7.ssi tokens (Staking Multiplier = 15), Weighted Holdings = 15,000.
Referral Contribution to A = 15,000 × 10% = 1,500.
A’s Total Weighted Holdings = 300 + 1,500 = 1,800.
Daily Points Earned = 100,000,000 × (1,800 ÷ 1,800,000) = 100,000 points.
Rewards Distribution:
Timing:
After Season 1 ends (February 25, 2025, 12:00 PM UTC), rewards from the 30,000,000 $SOSO pool will be distributed based on cumulative points earned over 31 days.
Method:
Reward distribution will follow SoSoValue’s final announcement and smart contract execution.
Accounts engaged in malicious activity or violations will be disqualified.
Referral relationships are permanent; ensure referral links are used correctly.
SoSoValue reserves the right to modify, interpret, or terminate the program at its sole discretion.
