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SoSoValue Launches SoDEX Layer-1 Trading Platform With $SOSO Incentives

The new Layer-1 order-book exchange will use its $SOSO token for gas fees and governance, alongside a 150 million token reward program to boost participation.

Summary

SoSoValue has launched SoDEX, a Layer-1 order-book trading platform built on its ValueChain blockchain. The $SOSO token will function as both the gas fee medium and governance mechanism for the network. At launch, SoDEX introduces a points-based incentive program, allocating 150 million $SOSO tokens as ecosystem rewards to encourage user engagement and platform growth.

Terms & Concepts
  • Layer-1 blockchain: A base blockchain protocol, such as Ethereum or ValueChain, that processes and validates all transactions without relying on another network.
  • Order-book trading platform: A type of exchange that matches buy and sell orders from traders, displaying them in a real-time order book.
  • Governance token: A cryptocurrency that grants holders the right to vote on decisions affecting a blockchain project’s operations or future.