SOON/BTC: Potential and Risks in the Price Discovery Phase

What is SOON?

Image:https://soo.network/

SOON is a community-driven modular AI project aimed at building a highly scalable Agent application platform that allows developers to deploy and combine intelligent agent modules without the need for permission. The core focus of the project is to standardize, modularize, and interoperable AI functions, enabling individuals and organizations to participate in the construction of the agent economy with low barriers to entry.

Unlike traditional AI projects, SOON does not pursue building a single model or platform, but encourages developers to create various modules and integrated applications around the core protocol, enabling the ecosystem to have stronger evolutionary and continuous innovation capabilities.

SOON’s technical architecture: modularity and high composability

The core design concept of SOON is ‘modularity.’ At the technical level, it decouples the operation logic of intelligent agents, execution modules, memory modules, context parsing, etc., so that each function can be developed and replaced independently. For example, developers can choose different ‘tool invocation modules’ or use custom ‘environment awareness plugins’ to achieve intelligent behavior in specific application scenarios.

This makes the SOON platform highly composable, providing ample development freedom for diverse needs in the Web3 world. For example, an on-chain governance assistant agent can quickly integrate on-chain voting modules, community discussion modules, and intelligent summary modules in SOON, go live rapidly, and respond to on-chain events.

Community-led financing mechanism

Another highlight of SOON is its community-driven fundraising approach. In the initial fundraising stage, the project did not rely on centralized exchanges or traditional VC models, but opened fundraising to community users through its own platform. This approach not only increases the decentralization of participants, but also strengthens the connection between the project and early users.

According to public information, the SOON project is led by Paradigm and has received support from many well-known institutions including Robot Ventures, Maven11, Bastion, and 1kx. The core team members come from former Coinbase, Optimism, and Worldcoin projects, with rich experience in cryptographic product design and execution.

Token Design and Risk Warning

Currently, the token of SOON has not yet been widely circulated, and the distributed shares are mainly concentrated among community investors and protocol development supporters. According to some on-chain information, the total supply of the project is 1 billion tokens, with approximately 10% already released in early distribution, and the remaining tokens will gradually unlock over the next 2 years.

It is worth noting that, due to the community presale model adopted by the SOON project, some users have already conducted token transactions off the exchange, and the current off-exchange price is around $0.4. Investors should pay attention to the subsequent token unlocking pace and potential selling pressure risks.

SOON/BTC Exchange Rate Reference and Summary

Image:https://www.gate.com/en/pre-market/SOON

Based on the current Bitcoin price of about $111,000, when the OTC price of SOON is $0.4, the corresponding SOON/BTC exchange rate is approximately 0.0000036 BTC. It is important to note that this exchange rate is for reference only, and the actual trading price may fluctuate with the market. Readers are advised to refer to the actual platform quotes.

Summary

The SOON project demonstrates a unique technical roadmap and governance innovation in the field of AI and Web3 integration with its modular, decentralized, and community-first concept. For users who are optimistic about the development of the agent economy and autonomous intelligent systems, SOON is a project worth paying attention to. However, considering that it is still in the early stage and the token distribution mechanism is still uncertain, investors should assess the risks rationally and participate cautiously.

If more trading platforms are launched in the future, SOON’s market liquidity and user base are expected to further expand, driving the project into a new phase of development.