Wrapped SOPHPrice

(WSOPH)

SOPH is the native gas token of the Sophon blockchain, primarily used to pay for transaction fees and secure the network. WSOPH is the "wrapped" ERC-20 compatible version of the token. While native SOPH powers the blockchain's core functions, WSOPH is designed for use in decentralized finance (DeFi) protocols, such as providing liquidity on decentralized exchanges, and for bridging the token to other blockchain networks like Ethereum or Base.

The total supply of SOPH is capped at 10 billion tokens. The distribution strategy allocates approximately 57% of this supply to the community to ensure decentralized growth. Additionally, the ecosystem incorporates a deflationary mechanism where a portion of unutilized staking rewards are burned over time, reducing the circulating supply and supporting the long-term sustainability of the network.

To view or interact with WSOPH in a decentralized wallet like MetaMask, users must manually add the token using its specific contract address on the Sophon Network. The official contract address for WSOPH is 0x2b1A859dE6A55c553520D7780Bc5805712B128F9. Using the wrapped version is often necessary because most smart contracts and decentralized applications require the ERC-20 standard rather than the native coin format.

Sophon utilizes Guardian Memberships, which are represented as NFTs, to secure the network. Holders can run "Light Nodes" to earn rewards for their contribution to network security. A total of 20% of the SOPH supply is reserved for node operators and Guardians, emitted over a 36-month period. Users who do not wish to handle the technical requirements of running a node can delegate their Guardian NFTs to other operators, though this may involve a small commission fee.

Sophon is built using the ZK Stack and distinguishes itself by focusing on "Consumer Crypto," specifically gaming and social applications. Unlike many other Layer 2s that focus strictly on finance, Sophon features native account abstraction, allowing users to sign in using familiar methods like Google. It also supports gasless transactions through paymasters, significantly lowering the barrier to entry for mainstream users who are not familiar with traditional blockchain complexities.

WSOPH can be traded on major global exchanges like LBank, as well as decentralized exchanges within the Sophon ecosystem. Early participants who earned Sophon Points (SP) by bridging assets or participating in ecosystem activities can convert those points into SOPH tokens during designated airdrop phases. When withdrawing staked tokens, note that there is a 5-day cooldown period before the assets become transferable and available for trading.