During our AMA yesterday, I admitted **the silver lining** of this price attack is we quickly put together our first governance proposal SIP-001 and the community rallied together to vote on our token burn & buyback plan.
We now have a functioning, decentralized governance process powering the SOON Foundation 💪
The voting ended today:
✅ SIP-001 passed, our community voted 100% yes
✅ 7.7M $SOON burned, 23M $SOON buyback queued
✅ Both $SOON holders and stakers can vote (via $gSOON)
✅ >45k votes on on Solana and 143k votes on BSC
More updates since our AMA 24 hours ago:
1. $SOON is now listed on @CoinoneOfficial — we promised to improve liquidity with more CEX listings, and we’re delivering.
2. just passed $200M in trading volume. Revenue from our first-party dapp will now help fund systematic onchain buybacks — driving the flywheel.
3. We launched new account abstraction feature of users from any chains no longer need to bridge to Hyperliquid first — One step closer to onboard anyone to trade perps in less than 5 min.
We’ll keep building, in public. Keep holding us accountable.
SIP-001 has now passed with 188,392 votes on YES across Solana and BNBChain.
The $SOON Burn & Buyback program has officially started.
The 7,695,263.7 unclaimed $SOON has been permanently removed from the supply:
The 23,000,000 $SOON will be purchased using treasury across CEXs in the following days, and will be deposited into address: FiD2i9MP2E6gmufWmJbeFr3D2o9k29XfdTcty8WKUae4
The remaining tokens will be burned once the purchase has been completed.
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