SOON Foundation launches recovery plan: will burn 3% of tokens and plans to buy back

ChainCatcher message, the SOON Foundation announces the launch of the SOON Recovery Plan. In response to recent price manipulation events, the SOON Foundation will soon initiate a new governance proposal that encompasses a series of urgent measures aimed at restoring market confidence, alleviating supply pressure, and reaffirming its commitment to the long-term growth of the SOON ecosystem. This includes:

• The destruction of a total of 30,000,000 $SOON tokens (3% of the total supply), removing them from circulation.
• On-chain SOON buyback mechanism (in development): We are building a new on-chain product that will enable the SOON Foundation to regularly buy back tokens directly from holders, further strengthening market support and gradually reducing circulating supply.
• Preparations are underway to launch the $SOON governance system. This system will allow token holders to participate in key decisions that affect the future development of the SOON ecosystem, including fund usage, protocol upgrades, and ecosystem funding programs.