Soarchain (SOAR)

2 weeks ago we jetted off to Abu Dhabi for @MeteoraAG / @MeteoriteCol's MetDhabi conference.

Our co-founder and CPO, John, gave a keynote on the token utility paradox and how SOAR solves this.

Weren't around to see it? Here's your chance!

Make sure to bookmark for future reference ✈️

Soar just updated their tokenomics structure.

TLDR: Same structure, same ownership model, no perceived supply overhang (90%+ locked).

This caused unnecessary confusion, as many failed to read about the DRP standard (even tho most of that supply wouldn't hit the market).

Instead, teams will be able to mint new supply if they want to increase debt with Soar. To do this, they need to:

- Be live for at least 3 months
- Submit a proposal to the community
- File a public disclosure (receive tokens after 72 hours).

The Soar team is taking in feedback, reacting quickly, and meeting traders where they are.

This would mean better discovery for tokens and, in turn, better price action on launches.

Ownership supercycle.

Congrats to @LaunchOnSoar team on their platform launch today

ICM is rapidly developing and different types of projects within the ICM sector will thrive under different structures. SOAR is testing a thesis and applying a unique mechanic on aligning token holders with long-term company value

gSOAR gMET gICM