SOON Foundation Launches SOON Recovery Plan: Will Burn 3% of Total Token Supply and Proceed with Governance System Launch

BlockBeats News, July 11th, the SOON Foundation announced the launch of the SOON Recovery Plan. In response to a recent price manipulation event, the SOON Foundation is about to launch a new governance proposal covering a series of emergency measures aimed at restoring market confidence, alleviating supply pressure, and reaffirming its commitment to the long-term growth of the SOON ecosystem. This includes:

· Burning a total of 30,000,000 SOON tokens (3% of the total supply), removing them from circulation.

· On-chain SOON buyback mechanism (under development): Building a new on-chain product that will allow the SOON Foundation to regularly buy back tokens directly from holders to further strengthen market support and gradually reduce circulating supply.

· Preparing to launch the SOON governance system. This system will enable token holders to participate in key decisions that will influence the future development of the SOON ecosystem, including fund utilization, protocol upgrades, and ecosystem funding initiatives.