SIP-2 Proposal: Unlock $SOSO Tokens to Support ValueChain Mainnet Launch and Ecosystem Incentive Program

Summary This proposal requests community approval for a one-time unlock of two portions of $SOSO tokens to support the upcoming launch of the ValueChain mainnet and the SoDEX decentralized exchange. Specifically, this includes:

1. Unlocking 5% of the total token supply (out of the 17% allocated to the Foundation) to support the initial staking of ValueChain mainnet validator nodes.
2. Unlocking 10% of the total token supply (allocated from the Ecosystem Fund) to serve as dedicated ecosystem incentives for SoDEX and ValueChain. This initiative aims to ensure the secure and stable launch of the ValueChain network and to inject critical liquidity and user growth momentum into the early ecosystem.

Background As development progresses smoothly, our next-generation high-performance mainnet, ValueChain, and its flagship decentralized exchange, SoDEX, are nearing their official launch. This is a critical milestone in our project's development, which will endow the $SOSO token with new fundamental value and utility, making it the native Gas and governance token of the ValueChain network. To ensure a successful mainnet launch and rapidly establish a thriving ecosystem, we need to mobilize existing resources to bootstrap the network's initial security and economic activity.

Proposal We propose the following two unlocks and allocations of the $SOSO token:

• Total Unlock Amount: 15% of the total token supply.
• Execution Method: The unlocked tokens will be migrated to the ValueChain mainnet through official channels to ensure transparency and security of fund usage.

Rationale A successful network launch requires two core elements: network security and economic incentives. This proposal is designed to address both of these needs simultaneously.

1. Securing the Mainnet Launch: ValueChain utilizes a Proof-of-Stake (PoS) consensus mechanism, where network security is directly dependent on the total value of staked tokens. By allocating 5% of tokens to support initial validators, we can establish a sufficiently high security threshold from the outset, effectively defending against potential attacks and safeguarding all users' assets.

2. Bootstrapping Network Decentralization: The initial node support program will help us screen and onboard a set of reliable and professional genesis validators. As the network grows, we will gradually expand the number of active validators. This support program is the first step in our progressive decentralization roadmap.

3. Stimulating Early Ecosystem Vitality: The success of any new public chain depends on a vibrant on-chain ecosystem. The 10% ecosystem incentive fund will act as the "first bucket of gold" to attract users and developers. It will be used to provide early liquidity for SoDEX and incentivize users to migrate assets to ValueChain, thereby creating a positive economic flywheel and laying the foundation for the network's long-term value growth.

4. Alignment with Long-Term Interests: This unlock is not a sell-off but a transformation of tokens from a reserved state into active, productive capital. The tokens for node staking will be locked in the network long-term, while ecosystem incentives will be released strategically in phases. The ultimate goal is to enhance the intrinsic value of $SOSO and the prosperity of the entire ecosystem, which aligns with the long-term interests of all token holders.

Implementation If this proposal is passed, the Foundation will execute the following steps:

1. Token Unlock: The Foundation will execute a transaction via a multi-sig wallet to unlock a total of 15% of the $SOSO supply.
2. Asset Cross-Chain Migration: The unlocked tokens will be migrated to the ValueChain mainnet through the official migration channel.
3. Fund Allocation:

• 5% for Node Staking: Transferred to a dedicated multi-sig wallet for node staking, to be distributed as initial stakes to approved genesis validators.
• 10% for Ecosystem Incentives: Transferred to a multi-sig treasury. The specific allocation plan for these funds (e.g., mining weights, reward cycles) will be determined through a separate governance process.

4. Transparency Report: All relevant transaction hashes and addresses will be publicly disclosed to the community upon execution to ensure a fully transparent process.

Voting

• For - I agree to unlock 15% of $SOSO tokens to support the ValueChain mainnet node launch and ecosystem incentives.
• Against - I do not agree with this proposal.
• Abstain – I have no opinion on this proposal.