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Sophon Chain (SOPH)

Past
Total Raise: $71,690,000
Date: 29 Mar 2024 - 01 Jan 2025

The Sophon chain is a consumer-centric modular L2 network being a part of zkSync’s Elastic chain. It focuses on the improvement of user experience on its chain by offering all the classic benefits of ZK-powered rollups such as L1-level security and big scalability with advanced ZK Stack features like paymaster or native Ethereum account abstraction compatibility. 

Since its foundation in 2023, the company has managed to raise over $71.69M in private and public funding from both prominent crypto funds like Binance Labs and The Spartan Group and launchpads such as Impossible Finance. 

❗️ ❗️ ❗ IMPORTANT:

Please be aware that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch doesn’t provide financial advice, nor does it intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 80+ distinct variables/metrics, refined over time through the team's rich 7-year experience.

Sophon Chain Overview

Ticker: SOPH
Country: N/A
Founded: 2024
Whitelist: No
Blockchain Network: Ethereum
KYC: No
Bounty: Yes
MVP: Yes
Type: IDO, ICO, Equity
Security Audit: Yes

Sophon Chain Review

What is Sophon?

Sophon is a modular user-centric chain network tailored specifically for mass adoption by facilitating the growth of an engaging and culturally rich ecosystem of applications. Being a part of zkSync’s ecosystem of Ethereum modular L2, called Elastic Chain, offers some notable advantages and improvements when compared to other networks in the space:

  • Native account abstraction: Account abstraction is the main way for smart contract wallets or privacy protocols to operate on a chain that enables smart contracts to manage users' accounts, making the entire process completely non-custodial. Such a feature has been implemented on Ethereum relatively lately, yet due to its native incompatibility it requires developers to build complex infrastructures to use it. Sophon chain natively supports account abstraction allowing web3 developers to seamlessly take advantage of this feature. 
  • Paymaster: A feature available only for zkSync-powered L2s, allowing developers either to partly or completely remove fees from its platform and pay fees to the network in any token. Paymaster allows dApps to significantly improve user experience and potentially attract more consumers to its platform
  • Interoperability: Sophon network, as a part of ZK-powered chains - Elastic Chain, enables seamless communication and subsequently asset transfer within this ecosystem. 

All of those improvements aim to facilitate the growth of the culturally rich ecosystem of various dApps with a main focus not on technology itself but rather on consumers and their improved experience. 

Such an approach has been met quite positively among the crypto community and leading funds, which collectively invested over $71M in both private and public funding rounds. 

🪙 Sophon token: According to the project’s docs, the platform is going to have a utility $SOPH token, which is going to be used as the main currency for paying fees, decentralizing the sequencers on its network. While there is no official confirmation of the token, our team also assumes the token will be also used for powering its DAO, similarly to all other protocols in space. 

 

Considering the growing interest among the web3 users in the Sophon crypto network, CoinLaunch diligently analyzed the project and found out the list of its most notable pros and cons: 

✅ Sophon pros: 

  • Interesting concept and design of the product;
  • High PR performance;
  • The platform has been audited a few times by prominent security companies like Quantstamp and Sherlock;
  • Above the average growth marketing, and SMM scores;
  • Wide network of leading funds and investors such as Binance Labs, The Spartan Group, and others;
  • Experienced core team members with work records in Matter Labs, or Electronic Arts (EA).

❌ Sophon cons: 

  • Quite a large amount of tokens were allocated for private and public node sales (40%);
  • Unknown FDV and Initial MC rates;
  • Weak marketing infrastructure;
  • Below the average influencer marketing and SEO scores;
  • A small network of partners.

Sophon Chain Token Economy

Total Raise: $71,690,000
Total Supply:
Private/Pre-sale: (0%)
Public Sale: (0%)
Fully Diluted Valuation (FDV):
Initial Circulation Supply: (0% of FDV)

Sophon Chain Token Sale (ICO & IDO) Rounds

Private: Mar 2024 Past

Price: N/A
Tokens for sale: N/A
Raise: $10,000,000
Lock-Up: N/A
Private: Oct 2024 Past

Price: N/A
Tokens for sale: N/A
Raise: N/A
Lock-Up: N/A
IDO: Apr 2024 Past

Price: N/A
Tokens for sale: N/A
Raise: $1,440,000
Lock-Up: N/A
IDO: Apr 2024 Past

Price: N/A
Tokens for sale: N/A
Raise: $250,000
Lock-Up: N/A
Launchpad: dappad logo Dappad+
ICO: May 2024 Past

Price: N/A
Tokens for sale: N/A
Raise: $60,000,000
Lock-Up: N/A

Sophon Chain Funds and Backers
(3/6)

Submit
binance labs logo
Binance Labs
Score: Very High
27 numbers of
investment
Read More
The Spartan Group Logo
The Spartan Group
Score: High
19 numbers of
investment
Read More
SevenX Ventures Logo
SevenX Ventures
Score: Medium
11 numbers of
investment
Read More
View All

Sophon Chain Influencers

Submit
CoinLaunch X(twitter)
CoinLaunch
Score: Medium
22 numbers of
investment
Read More
dr drops
Dr. Drops
Score: High
17 numbers of
investment
Read More

Sophon Chain Marketing Activity

Search Engine Optimization
Social Media & Community Management
PR & Traffic
Marketing Infrastructure
Influencer Marketing
Growth Marketing
Last Update:  14 Nov 2024 Upgrade

Sophon Chain Team

Sebastien A
Sebastien A.
Co-founder & CEO
Ed Chang
Ed Chang
COO

Sophon Chain News

Sophon Chain Airdrop & Retrodrop & Bounty

(Airdrop) Farming Campaign
sophon logo
funds
Start Date:
18 Jul 2024
End Date:
01 Jan 2025
Difficulty:
Medium
Winners:
N/A
Rewards:
N/A

Description

Sophon is an ZK-powered Ethereum L2 built within zkSync’s Elastic chain aiming to offer users an enhanced experience to attract new consumers on its chain via low cost and fast transactions with native account abstraction and support of multiple assets to pay fees. $SOPH is a native token of the platform mainly used for the governance votings and by default paying fees when utilizing the Sophon Chain. 

On July 18th, 2024, the platform announced a points farming campaign for pre-depositing the assets on the Sophon network, which assumes the $SOPH airdrop at the end of campaign, according to some rumors among the crypto community. Hence, our team prepared for you a guide on how to join the point farming campaign. 

Read More

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