Bittime - Ton Station officially announced Ton Station listing the $SOON token. This token will start trading on December 22, 2024 at 18:00 WIB on several major exchanges.
How is Ton Station 's $SOON token supply ? Read this article to find out more!
Ton Station Listing: $SOON Token Supply
In its official announcement, Ton Station stated that the total supply of $SOON tokens will reach 70 billion tokens. Of that amount, around 42 billion tokens or 60% of the total supply will be distributed to the community.
However, this large supply has sparked controversy among the community. Many believe that the excessively high token supply has the potential to depress the price of the $SOON token when Ton Station is listed.
Some users even made an initial price prediction based on the Fully Diluted Valuation (FDV) of US$7.5 million. With that figure, the price of the $SOON token is estimated to only be around US$0.0001071 per token.
Also Read: TON Station Airdrop Farming Completed October 4th, Token Listing #SOON!
Ton Station Listing: Airdrop Distribution
One of the key points of the Ton Station listing announcement was the airdrop distribution to nearly 20 million users. However, this caused confusion in the community.
Previously, Ton Station stated that only 800 thousand users out of a total of 19 million users were eligible to receive the airdrop. This criteria is based on the due diligence (DD) process and internal airdrop checks.
Ton Station Listing: Airdrop Controversy
Furthermore, Ton Station listing explains that airdrop recipients will receive tokens at a 1:1 ratio, the user's balance is equal to the number of tokens to be received.
However, confusion arose due to the discrepancy between the number of airdrop recipients and the total users.
This controversy is still being debated, and many users hope that Ton Station will provide a more detailed explanation regarding the distribution of the airdrop.
Ton Station Listing Token $SOON
Despite the controversy, Ton Station's announcement of listing the $SOON token on several major exchanges is still positive news for the crypto community.
For investors and traders, this Ton Station listing moment can be an opportunity to profit from the initial price movement of the $SOON token.
Also Read: Ton Station Airdrop Issue, Here's the Developer Team's Clarification!
Ton Station FAQ
What is Ton Station?
Ton Station is a Telegram-based crypto game. In this game, users can collect $SOON Points, which can later be exchanged for $SOON tokens after Ton Station is listed.
How to Get SOON Points at Ton Station?
The way to collect $SOON Points is by completing various quests and activities in the game, participating in events, and participating in programs offered by partner projects.
When is Ton Station Listing?
Ton Station listing and $SOON token launch was originally planned for November 2024, but was postponed to December 22, 2024.
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Reference
Adi Wiratno, Breaking News Listing December 22, TON Station Announces SOON Token Supply of 70 Billion, accessed December 17, 2024.
Ton Station, Ton Station Official X Account, accessed December 17, 2024.
Author: IPR
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