Introduction

SOON (Solana Optimistic Network) is a high-performance crypto project based on the Ethereum ecosystem, enhancing dApp smart contract compatibility and transaction efficiency through integration with the Solana Virtual Machine (SVM).

The mainnet is already live on BNB Chain and Ethereum, supporting: Over 30,000 transactions per second, fees below $0.01, block time of just 50 milliseconds, 15+ million transactions processed, total Value Locked (TVL) of $21.46 million, and 840,000+ active addresses.

By merging technological innovation with community-driven energy, SOON is committed to building an efficient and scalable Web3 ecosystem.

Source: https://soo.network/

At the same time, the SOON project places great emphasis on a community-driven growth model. Through the COMMing SOON NFT series, 51% of the $SOON tokens will be allocated to community users, ensuring governance rights and value sharing are returned to the community.

The COMMing SOON NFT serves as the core token distribution credential of the SOON project. Holders not only gain access to the first round of $SOON token distribution, but can also participate in the Battle Pass reward pool by staking, unlocking additional incentive earnings. Additionally, the NFT provides mission point bonuses in the BigBang community incentive program, serving as a “ticket” into the SOON ecosystem.

It’s worth noting that CZ (Changpeng Zhao) once retweeted SOON’s official post, bringing broader attention and hype to the project, further proving the market’s strong recognition of its potential.

Source: https://x.com/cz_binance/status/1905509740035363242

Technical Advantages

The SOON project utilizes a decoupled SVM (Solana Virtual Machine) architecture combined with the Solana consensus mechanism, adopts Ethereum as the settlement layer, and integrates advanced data availability solutions such as EigenDA. This ensures high system performance while significantly improving platform scalability and security.

Decoupling SVM and Solana Consensus:
By separating the SVM from the Solana consensus mechanism, the efficiency of smart contract execution is improved, latency is reduced, and system flexibility and cross-chain capability are enhanced.

Ethereum as Settlement Layer:
Ethereum provides high security, ensuring transparency and safety in asset transfers and smart contract settlements.

Data Availability Assurance:
Integrating cutting-edge solutions like EigenDA ensures efficient and secure data storage in a decentralized environment, supporting large-scale scalability.

Performance & Scalability:
The decoupled design and data availability solutions enhance system throughput and response speed, allowing for a wider range of application scenarios.

Cross-chain Compatibility:
Supports multiple blockchain platforms and consensus mechanisms, increasing project flexibility and adaptability.

Source:https://soo.network/

Funding Information

The SOON project adopts a hybrid fundraising model combining NFT sales with traditional equity/token funding, balancing community participation and institutional backing.

On January 22, 2025, SOON raised $22 million through the first public sale of the COMMing SOON NFTs, led by Hack VC and joined by various Web3 investment institutions, including ABCDE Capital and SNZ Holding. The funds will be used for the official launch of the mainnet and subsequent technical upgrades.

This round of fundraising also marked the official launch of the SOON mainnet, built on Solana Virtual Machine’s (SVM) parallel processing architecture. The mainnet boasts high throughput, with an average block generation time of approximately 50 milliseconds, offering a robust infrastructure for large-scale interactions and application deployment. A total of 3,015 users participated in the first NFT mint, showcasing the project’s community appeal and market momentum.

As early as August 27, 2024, the SOON project completed a strategic investment round (amount undisclosed). At the time, the team was still primarily self-funded but had already gained recognition and support from core figures in the Solana ecosystem. Investors included Anatoly Yakovenko, co-founder of Solana, and Lily Liu, Chair of the Solana Foundation, demonstrating the project’s high visibility within the Solana community and its strong community-driven nature.

Source: https://comming.soo.network/about

Team Background

The SOON project team is led by Joanna Zeng, Co-founder and CEO, and Rachel Chu, Co-founder. Joanna has accumulated extensive experience through her work at renowned projects such as Aleo, Optimism, and Coinbase, while Rachel has demonstrated strong expertise in cross-chain technology and community building.

The team also includes members like Nazreen, who collaborates with Superteam Malaysia, focusing on building high-performance blockchain infrastructure through the decoupled Solana Virtual Machine (SVM) and SOON Stack. The project is characterized by a tech-driven and community-first approach, aiming to extend Solana’s execution capabilities across a multi-chain ecosystem and enhance overall performance.

The SOON team’s goal is to promote Solana’s SVM as a cross-chain standard, breaking down barriers between Layer-1 ecosystems. Through products like SOON Mainnet and InterSOON, they aim to expand SVM’s use cases. For example, InterSOON’s support for the TON blockchain leverages TON’s high concurrency capabilities and Telegram’s massive user base, while addressing TON’s limitations in complex smart contract execution.

The team is committed to introducing Solana’s high-performance execution into Ethereum and other major blockchains, striving for a vision of “100x performance improvement for every ecosystem.”

Source: https://www.rootdata.com/Projects/detail/SOON?k=MTM5MzA%3D

Competitors

Compared to its competitors, the COMMing SOON NFT showcases unique advantages by combining Ethereum and Solana technologies (e.g., 50ms block time and SVM compatibility) along with community incentive mechanisms (such as token airdrops and staking rewards). It has demonstrated strong market performance, raising $22 million through NFT sales with 8x oversubscription.

However, compared to more mature Layer 2 projects like Polygon and Arbitrum, SOON’s ecosystem is still in its early stages. Metrics like TVL (Total Value Locked) and network stability need further improvement. SOON faces competition from projects such as Optimism and StarkNet, which are advancing in community governance and technical innovation, and from Immutable X, which specializes in the NFT space. SOON must continue to prove its long-term potential, and investors should balance high return expectations with early-stage risks.

Source: https://soo.network/

NFT Types

The COMMing SOON NFTs are divided into four tiers, each with different pricing, unlock rules, and benefits:

Source: https://comming.soo.network/

Value of Holding NFTs

Entry Pass Participation
The COMMing SOON NFT serves as a ticket to participate in core SOON project activities (e.g., the Big Bang initiative), and unlocks various reward mechanisms such as deposit bonuses and token airdrops.

Token Distribution & Incentives
Holders can receive varying amounts of $SOON tokens depending on their NFT tier. For instance, holders of the SOONest-level NFT can immediately claim 960 $SOON tokens.

The $SOON token adopts a transparent and community-driven distribution model. Specifically, 39% is allocated to upcoming NFTs, 12% is reserved for rewarding on-chain activities by NFT holders, 25% is dedicated to ecosystem builders, 10% is allocated to the team and co-builders, 6% goes to the SOON Foundation, and 8% is set aside for airdrops and liquidity. This allocation strategy is designed to drive project growth and incentivize active community participation.

Source: https://comming.soo.network/about

Market Performance and Scarcity
The initial minting of COMMing SOON NFTs was oversubscribed by eight times, and the mainnet launch raised $22 million through sales, reflecting strong market demand. Holders can profit from trading, particularly when market demand increases.

Community and Long-Term Potential
COMMing SOON NFT plays a key role in community-driven growth. As SOON’s technology continues to develop, the long-term value of holding these NFTs may increase.

Utility and Rewards
Owning a COMMing SOON NFT allows participation in activities like the Battle Pass Pool, offering additional rewards (up to 50%), which enhances the appeal for users.

Source: https://comming.soo.network/about

Holding a COMMing SOON NFT offers investment potential, rights to participate in the ecosystem, and scarcity in the market. While there are inherent risks, for those optimistic about SOON’s future, this may present an opportunity for high returns.

Interaction Preparation

Before interacting with COMMing SOON NFTs, the following preparations are recommended:

Create a Crypto Wallet
Download and install a wallet that supports Solana or Ethereum, such as Phantom, MetaMask, or the SOON SVM Wallet. It is recommended to use the official SOON wallet for the best compatibility. Ensure that you back up your seed phrase and store your private key securely.

Acquire Funds
Prepare the necessary amount of cryptocurrency according to the minting round requirements—typically ETH, SOL, or $ATH. The exact amount can be found on the official website (https://soo.network/)

If cross-chain transfers are needed, you can use the InterSOON Bridge to move assets to the SOON mainnet.

Obtain an Invitation Code
Minting COMMing SOON NFTs usually requires an invitation code. You can follow SOON’s official X (Twitter) account (@soon_svm) or join their Discord community to participate in treasure hunts or community events to obtain a code.

Source: https://comming.soo.network/

Complete KYC Verification
According to the latest requirements, all COMMing SOON NFT minters must complete KYC (Know Your Customer) verification before claiming their NFTs. SOON has partnered with zkMe to offer a privacy-preserving verification service.

Source: https://x.com/dallask1y/status/1909240146697826786

Interaction Steps

Step 1: Minting COMMing SOON NFT

Visit the Official Website
Open your browser and go to the COMMing SOON NFT minting page. Enter your invitation code to unlock minting access. Currently, the first and second minting rounds have concluded, and the third round is coming soon—stay tuned if you’re interested.

Source: https://comming.soo.network/

Connect Your Wallet
Click “Connect Wallet,” choose your wallet, and authorize the connection. Ensure your wallet has enough funds to cover the minting and gas fees.

Choose NFT Type
COMMing SOON NFTs typically come in several types, for example:
SOONest: Lower price (around $300), tokens are unlocked immediately upon minting.
SOON-PILLED: Higher price (around $50,000), designed for large-scale investors.

Review each type’s pricing, lock-up period, and token benefits, then choose the option that best suits your needs.

Mint the NFT
Click “Mint,” review the transaction details, and sign the transaction in your wallet. Wait for blockchain confirmation—thanks to the high speed of the SOON mainnet, this usually takes only a few seconds.

Claim the NFT
Once minting is complete, finish your KYC verification to view your NFT in your wallet.

Step 2: Stake NFT to Join the Battle Pass

Enter the Battle Pass Page
Go to https://comming.soo.network/ and find the Battle Pass entry under the Big Bang initiative.

Connect Wallet and Stake
Select “Stake NFT,” choose the COMMing SOON NFT you own, and confirm the staking action. Once staked, you’ll automatically be entered into the Battle Pass rewards pool.

Earn Rewards
Based on your staking duration and NFT type, you will earn $SOON token rewards. These rewards will be distributed after the TGE (Token Generation Event).

Step 3: Participate in the BigBang Initiative

Social Interactions:
If a user has not previously participated in SOON activities, they must visit the official website and click on the flashing “Cabal” label on the homepage (represented by two red pills) to register a SOON SVM wallet. Registration and signature confirmation can be completed directly using OKX Wallet. This wallet is used for deposit tasks, and users who already hold a COMMing SOON NFT can use the same wallet.

Next, select the red pill to begin social media tasks—ignore the blue pill. Bind your X (Twitter) account, follow @soon_svm, and post a tweet using the hashtag #SOONISTHEREDPILL to help increase community exposure. Tweets must pass manual review before points are awarded. Additionally, users can set their X platform profile picture on this page, though whether this contributes to points is currently unclear. A complete task list is available on the official website. Completing tasks will accumulate points, which affect leaderboard rankings.

Source: https://redpill.soo.network/

On-chain Activities:
To complete this task, first connect your SOON wallet and join the BigBang Season 2 event. Please note that on-chain actions from previous seasons do not contribute to rewards. If you have previously purchased an NFT and linked your wallet address, ensure that you use the same address again.

Then, visit the official website to perform bridged deposits via the following link: https://bridge.mainnet.soo.network/home). Currently, only Ethereum and BNB Chain are supported. Acceptable assets include ETH and its wrapped versions, USDC, USDT, and DAI.

Reward points are calculated based on the deposit amount and holding duration, with daily snapshots taken at 00:00 UTC. Users who hold COMMing SOON NFTs receive bonus rewards, which are calculated and distributed at the end of the season.

Source: https://bridge.mainnet.soo.network/home

Be Aware of Risks

Scams and Security Risks:
Phishing attacks are common in NFT projects. Fake websites and impersonated social media accounts may attempt to steal assets or private keys. Always verify the authenticity of links before minting, staking, or completing tasks to avoid falling victim to scams.

Rug Pull Risks:
Although SOON has a certain level of community support and VC backing, there is still a risk that the project team may suddenly abandon the project (“rug pull”), especially after raising significant funds through NFT sales.

Project Execution Risks:
The SOON project is still in its early stages. Its rollup technology, mainnet stability, or ecosystem development may not meet expectations, potentially affecting the long-term value of NFTs.

Failure to Deliver on Promises: The main appeal of COMMing SOON NFTs lies in their link to $SOON token distribution (e.g., Battle Pass pool rewards). If the project fails to deliver tokens as planned or alters its economic model, participants’ expected returns may not be realized.

For example, Terra (LUNA/UST) collapsed in May 2022 due to insufficient development and poor risk management. UST lost its peg, LUNA crashed, over $40 billion in market value was wiped out, and the entire ecosystem collapsed, becoming one of the most infamous failures in Web3 history.

Source: https://corporatefinanceinstitute.com/resources/cryptocurrency/what-happened-to-terra/

Market Risks
Price Volatility: NFTs and $SOON tokens are influenced by overall sentiment in the crypto market. Speculation, hype, or external events (such as macroeconomic changes) can lead to significant price swings, resulting in unstable asset values.

Lack of Liquidity: BThere may be insufficient buyers on secondary markets for NFTs, making it difficult for holders to liquidate their assets, effectively “locking” their value.

Technical Risks: Smart Contract Vulnerabilities: NFT minting, staking, and token distribution rely on smart contracts. If the code is not fully audited or contains bugs, it may be exploited by hackers, resulting in potential asset losses.

Network Performance Issues: SOON is built on the Solana Virtual Machine (SVM). If the network becomes congested or gas fees increase, users may experience higher interaction costs or delayed transactions.

Cross-Chain Bridge Risks: The project supports multi-chain asset bridging (e.g., from Ethereum, Solana, and other Layer 1 networks), which enhances liquidity but introduces security risks. Bridges have been frequent targets of attacks—for example, Axie Infinity’s Ronin Bridge was hacked, resulting in losses of around $625 million. Users should exercise caution when performing cross-chain operations and assess asset security risks carefully.

Sources: https://www.bbc.com/news/technology-60933174

Regulatory Risks
KYC Compliance: To hold a COMMing SOON NFT, users must complete identity verification via zkMe. If your region has restrictions on KYC or crypto assets, you may be unable to participate or receive rewards.

Regulatory Uncertainty: NFTs tied to token distribution may be considered securities offerings and could be subject to regulatory scrutiny. If the project is restricted or deemed illegal, participants may face asset freezes or legal consequences.

Regional Differences: Each country has different laws and stances regarding crypto assets and NFTs. Participants must ensure compliance with local regulations to avoid potential penalties.

Future Outlook

SOON’s future success relies on more than just technological advancements. The team aims to expand Solana’s high-performance capabilities to Ethereum and other mainstream blockchains, breaking down current Layer-1 barriers to enable large-scale ecosystem integration and performance upgrades.

Currently in its early stages, SOON faces competition from more established projects like Polygon and Arbitrum. It must accelerate ecosystem development and prove its long-term viability. However, with its unique technical strengths and robust community support, SOON has the potential to stand out and become a major player in the multichain ecosystem.

If SOON can continue to improve its architecture’s stability and performance in the coming years, while optimizing token distribution and incentive mechanisms, and maintaining strong community engagement, it could provide developers with a more efficient, low-cost blockchain infrastructure. This would promote broader adoption of Web3 technology and move toward the ambitious goal of “100x performance improvement for every ecosystem.”

The future holds limitless potential for SOON. It may become a key force driving the Web3 ecosystem’s rapid growth.

Conclusion

SOON (Solana Optimistic Network), with its innovative technical architecture and high-performance blockchain infrastructure, aims to provide developers with efficient and low-cost solutions. Through its decoupled SVM (Solana Virtual Machine) and optimized Rollup stack, SOON delivers exceptional throughput and low fees for blockchain applications, potentially emerging as a rising force in the industry.

With the successful launch of its mainnet and the release of the COMMing SOON NFT, SOON has not only promoted the adoption of SVM technology but also enhanced ecosystem diversity and vitality through active community engagement and incentive mechanisms.

However, participation in the COMMing SOON NFT involves multiple risks. These include phishing websites and fake accounts that lead to scams, potential rug-pull risks from the project team, and technical vulnerabilities such as smart contract bugs and cross-chain bridge attacks.

Additionally, as the SOON project is still in its early stages, there are execution risks related to uncertain development progress and unfulfilled promises. Market volatility could also cause sharp fluctuations in NFT and token prices. Liquidity shortages and token sell-offs may further impact asset value. Participants must also stay informed about KYC requirements and local regulatory differences to ensure compliant participation.

Although SOON’s ecosystem is still in its infancy, its strong technical backing, token distribution model, and community-driven growth strategy suggest that SOON could become a promising project in the blockchain space.