Coinlaunch Trust Score
70/ 100 Medium
Sophon Chain Price:
$0.00555 -5.54%
🏦 Market Cap $19,185,818
💰 FDV $55,567,086
📊 Volume $3,459,496
📈 ATH Price $0.111
Visit Website
Top Investor
YZi Labs (Prev. Binance Labs) logo
YZi Labs (Prev. Binance Labs) Incubation
The Spartan Group Logo Maven 11 Capital +3
Unlock Progress
Progress
26.33% 1453 Days left
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Sophon Chain (SOPH)

Past
Total Raise: $71,690,000
Date: 29 Mar 2024 - 01 Sep 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
Type: IDO, ICO, Equity
MVP: Yes
Token Contracts:
Yes
Whitepaper: Download

SOPH/USD Price Chart

📈 ATH Price $0.111
📉 ATL Price $0.00544
 
Exchange Pair Price Volume (24H) Trust Score
Gate
SOPH/USDT

USDT 0.00557

$0.00556

97.79K
Binance
SOPH/USDT

USDT 0.00558

$0.00558

407.81K
OKX
SOPH/USDT

USDT 0.00558

$0.00557

340.79K
MEXC
SOPH/USDT

USDT 0.00556

$0.00556

57.92K
Bitget
SOPH/USDT

USDT 0.00555

$0.00554

4.67K
KuCoin
SOPH/USDT

USDT 0.00564

$0.00564

22.9K
HTX
SOPH/USDT

USDT 0.00605

$0.00605

1.08M
Upbit
SOPH/USDT

USDT 0.00607

$0.00606

9

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 Team

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

Sophon Chain Airdrop & Retrodrop & Bounty

(Airdrop) Farming Campaign
sophon logo
funds
Start Date:
18 Jul 2024
End Date:
01 Sep 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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