by
brucemao.eth
[SIP-1, SOON Improvement Proposal] Token Burn and Buyback Program in Response to July 5 Potential Market Manipulation
Voting ends in 15 days Active vote
On July 5, 2025, $SOON token suffered a coordinated market manipulation attack, dropping 41% from $0.22 to $0.13. Attackers withdrew 22M tokens from exchanges and exploited derivatives markets. In response, SOON Foundation proposes burning 30M tokens (3% of total supply): 7.7M from unclaimed airdrops immediately, and 22.3M through buybacks. This aims to reduce circulating supply, restore market confidence, and combat manipulation.
Off-Chain Vote
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- Author
brucemao.eth
- IPFS#bafkreid
- Voting Systembasic
- Start DateJul 15, 2025
- End DateSep 01, 2025
- Total Votes Cast202.63K SOON
- Total Voters28
Timeline
- Jul 15, 2025Proposal created
- Jul 15, 2025Proposal vote started
- Aug 17, 2025Proposal updated