TechFlow, July 11 — According to an official announcement, the SOON Foundation has launched its governance system today, enabling $SOON holders to participate in voting and decision-making. It also announced a proposal to permanently burn 30 million $SOON tokens (3% of total supply) in response to recent market volatility. Among these, approximately 7.7 million unclaimed airdrop tokens will be burned first, while the remaining 22.3 million will be repurchased from centralized exchanges and then burned. Additionally, the SOON Foundation will host a community AMA next Wednesday to detail the token buyback plan and is currently developing an on-chain buyback product to further enhance on-chain liquidity.
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