$SOSOThe native token of SoSoValue
can boost your SSI mining Rewards up to 40X!
MAG7.ssiBy staking 1,000,000 $SOSO, users are eligible to apply for WLPs(Whitelisted Participants), unlocking the eligibility to mint and burn SSI index tokens.
For any inquiries, please contact [email protected]
S-VALUE
(Coming Soon in Epoch 3)
S-VALUE is an upcoming key resource in the SoSoValue ecosystem.
How to Get $SOSO?
$SOSO plays a crucial role in SoSoValue by promoting decentralized governance, user incentives, protocol security, and premium feature realization.
Learn more about $SOSO utility on:https://sosovalue-white-paper.gitbook.io/sosovalue-whitepaper/7.-tokennomics/7.1-soso-token
$SOSO is allocated as follows:
Learn more about $SOSO tokenomics on:https://sosovalue-white-paper.gitbook.io/sosovalue-whitepaper/7.-tokennomics/7.2-tokenomics
The latest circulating supply and market cap of $SOSO can be found on:https://sosovalue.com/coins/sosovalue
When you hold, stake, or lock SSI index tokens on ssi.sosovalue.com, staking $SOSO tokens can increase your SSI mining rewards by 1% to 100%. The percentage of the boost depends on how much $SOSO you stake relative to the total value of your SSI assets.
- Example:
If you stake $100,000 in MAG7.ssi:
For a 1% increase in rewards, you need to stake $10,000 in $SOSO.
For a 100% increase in rewards, you need to stake $100,000 in $SOSO.
- Minimum Boost:
To activate the boost, you must stake at least 1% of your SSI assets' value in $SOSO. If you stake less than 1%, the boost will not apply.
In the SoSoValue Indexes Protocol, Whitelisted Participants (WLPs) play a crucial role in maintaining the secondary market price of SSI tokens in alignment with the underlying asset value. Each WLP undergoes a KYB verification process, and upon approval, gains the right to mint and redeem SSI tokens. When price discrepancies arise in the secondary market, WLPs can arbitrage the spread between the market price and the mint/redeem price, helping to bring the secondary market price back in line with the intrinsic value of the underlying assets.
For example, if buying pressure drives the secondary market price of MAG7.ssi up to $1.02 while its underlying asset value remains at $1.00, a positive premium of approximately 2% emerges. In this scenario, WLPs can mint new MAG7.ssi tokens at close to $1.00 using USDC and sell them in the secondary market at $1.02, capturing a 2% arbitrage profit. While generating arbitrage gains, WLPs also contribute to expanding the total circulating supply of MAG7.ssi and increasing the protocol’s Asset Under-Management (AUM).
The amount of $SOSO you stake determines your Socatis Energy, which represents its daily interaction limit with you. The more $SOSO you stake, the higher your Socatis Energy, giving you more opportunities to ask questions everyday. Keep staking to upgrade and expand access!
S-VALUE is an upcoming key resource in the SoSoValue ecosystem.
Starting in Epoch 3, users will be able to stake $SOSO to mine this valuable points. S-VALUE will play a crucial role in SoSoValue’s future and unlock more magical utilities for users. Stay tuned for more details!