- Protection Fund
  1,000 BTC Protection Fund to safeguard your assets
- Career
  Join WEEX and build the future
- WXT Zone
  Exclusive fee rates and airdrops
- Announcement Center
  Get the latest updates from WEEX
- Elite Trader
  Share strategies and earn rewards
- Crypto Wiki
  Master trading with easy-to-follow guides
- Affiliate
  Unlock exclusive perks and high commissions
- Crypto News
  Keep up with the latest crypto trends
- Contact Verifier
  Verify the channels you use
- VIP Perks
  Become a WEEX VIP today
- Events Calendar
  Explore WEEX events around the world
Buy Crypto
- header.nav.buy
  header.nav.buy_desc
- P2P Trading
  Buy crypto with 0 fees
Markets
Futures
- USDT-M Futures
  Perpetual futures settled in USDT
- Demo Trading
  USDT-M futures demo
- About Futures
  Trade with confidence
- Leaderboard
  Current & past leaderboards
Spot
Copy Trade
WE-Launch

Scan to download
More options

SOON Foundation Launches SOON Recovery Plan: Will Burn 3% of Tokens and Advance Governance System Launch

By: theblockbeats.news|2025/07/11 11:21:54

BlockBeats News, July 11, 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 initiate a new governance proposal covering a series of urgent measures aimed at restoring market confidence, alleviating supply pressure, and reaffirming the long-term growth commitment to the SOON ecosystem. This includes:

· Burning a total of 30,000,000 $SOON tokens (3% of total supply) to be removed from circulation.

· On-chain SOON Buyback Mechanism (in development): We are building a new on-chain product to enable 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 allow token holders to participate in influencing key decisions regarding the future development of the SOON ecosystem, including fund usage, protocol upgrades, and ecosystem funding plans, among others.

Data: Yesterday was the largest crypto short liquidation day in four years

The UK publicly traded company Coinsilium has received shareholder approval to issue up to 600 million new shares, with the funds earmarked for increasing its Bitcoin holdings.