Tokenomics

SOE Token

$SOE is the utility ERC-20 token of SoneFi. In addition to granting participation in the governance process of the protocol, it also distributes all kinds of rewards and accrues value from the platform revenue

Token Name	SoneFi Utility Token
Token Symbol	SOE
Max Supply	200,000,000 Note: The maximum supply is expected to be reached within 3 to 4 years
Initial Supply	15,000,000 TGE, Airdrop, Testnet Incentive
Circle Supply	Deflation via buyback burn
Contract Address	XXXX

Allocation

The increasing in circulating supply varies depending on the amount of tokens vested, used for partnerships and trading incentives, etc.

Allocation	Percentage	Allocation
Incentive Program	70	100% esSOE
SOE/esSOE Staker	10	100% esSOE
Token Generation Event	10	Presale, Bond and Liquidity Launch etc
Liquidity Bootstrapping	5	Initial Liquidity Pool
Contributors	5	100% SOE

esSOE Token

Escrowed SOE (esSOE) can be used in two ways:

• Staked for rewards similar to regular SOE tokens

• Vested to become actual SOE tokens over a period of one year

Each staked Escrowed SOE token will earn the same amount of Escrowed SOE and fees revenue

Note that Escrowed SOE (esSOE) is not meant to be transferrable unless you are doing a full account transfer. The amount of SOE or SLP required to vest esSOE is unique per account and the max amount of esSOE that can be vested is capped to the esSOE rewards received by that account.

Vesting​

Escrowed SOE (esSOE) tokens can be converted into SOE tokens through vesting, this can be accessed on the Earn page.

When vesting is initiated, the average amount of esSOE or SLP tokens that was used to earn the esSOE rewards will be reserved.

For example, if you staked 1000 SOE and earned 100 esSOE tokens, then to vest 100 esSOE tokens, 1000 SOE tokens will be reserved. To vest 50 esSOE, 500 SOE tokens will be reserved. Note that this is an example and the actual ratio depends on the average staked amount and rewards earned for your account.

esSOE tokens that have been unstaked and deposited for vesting will not earn rewards. Staked tokens that are reserved for vesting will continue to earn rewards.

After initiating vesting, the esSOE tokens will be converted into SOE every second and will fully vest over 365 days. esSOE tokens that have been converted into SOE are claimable at anytime.

If a user sells SOE or SLP tokens and would like to vest their SOE rewards later on, they would need to re-buy the SOE or SLP tokens.