TechFlow news, January 17 — According to TheBlock, crypto market data provider SoSoValue announced it will airdrop a total of 49 million SOSO tokens in the first quarter, representing 4.9% of the total token supply of 1 billion.
As disclosed by Jessie Lo, co-founder of SoSoValue, the airdrop will be divided into three parts: 4 million tokens distributed via Bybit Exchange’s Launchpool platform, 15 million through a proof-of-work (PoW) program, and 30 million through proof-of-stake (PoS) rewards. The PoS rewards will be distributed during the first quarter (January 25 to February 25).
The SOSO token is set to launch next week on the Ethereum network, with Bybit serving as the exclusive initial listing platform. Notably, the project recently completed a $15 million Series A funding round at a $200 million valuation.
