Avoid clicking on any links related to the Soarchain Genesis drop. The Genesis drop will be directly distributed to your wallets. Please remain cautious and safeguard your assets. SOAR will never be distributed in any other way on any social media.
Overview of Soarchain
Soarchain mainnet is around the corner and is set to be the pioneer in the crypto industry with the very first layer-1 mobility based DePIN.
The problem and the solution: Current mobility ecosystem faces several challenges like, lacking an unified platform, interoperability and privacy amongst the mobility participants. One of the most critical setbacks has been the DePIN verification problem. Soarchain acts as a crucial piece of the puzzle, addressing all these problems effectively.
Soarchain network runs a native layer-2 solution, called the Runner, which is operating like a decentralized sequencer. Runner Nodes handle the authenticity, plausibility and integrity of the highly mobile data, enabling verification of the data and to scale effectively to cater to the needs of billions of users in the mobility sector.
At the same time, Soarchain has integrated zk-SNARKs to ensure robust data verification while maintaining confidentiality. This technology allows mobility participants to generate cryptographic proofs of data authenticity and integrity without revealing the underlying data, thereby preserving privacy.
The future: Soarchain unlocks an experience like never before. By making the real time data available, it enables a huge array of applications that could be developed and used by any participant of the mobility, making Soarchain the AppStore of the mobility ecosystem.
Allocation
Soarchain is rewarding its native token, SOAR. A total of 2.7% (51,300,000 SOAR) of the overall supply is dedicated to the genesis drop. This token opens the door for users to access and benefit from real-world applications, fostering genuine adoption of cryptocurrency in everyday use. The allocations are as follow:
Category | Candidates | Total Allocation |
Foundation | Atom | 11.1% (5,700,000) |
Modularization | Celestia & MilkyWay | 11.1% (5,700,000) |
DePIN | Akash | 14.8% (7,600,000) |
Early community | Soarchain OGs & Zealy | 1.85% (950,000) |
Mobility | OEM connections | 11.1% (5,700,000) |
Testnet users | Soarchain Mini (Base genesis drop) | 37% (19,000,00) |
Validators | Testnet Validators | 1.85% (950,000) |
Surprise Network | TBA | 11.1% (5,700,000) |
Eligibility Criteria
Foundation - Atom
ATOM has been instrumental in creating the backbone of the interchain ecosystem. From IBC (Inter-Blockchain Communication), ICS (Interchain Security) and funding many prominent chains to hackathons and events like Cosmoverse.
Soarchain recognizes and appreciates the foundational role that ATOM has played in the development and growth of the interchain ecosystem.
An allocation of 11.1% (5,700,000 SOAR) is dedicated to delegators staking a minimum of 40 ATOM. The categories are divided by the participation score based on Celestia’s scoring method where,
participation score = stake * activity score
Category | Eligible Wallets | SOAR Allocation | Minimum SOAR |
80-100% participation score | 48887 | 2,700,000 | 50 |
0-80% participation score | 195547 | 3,000,000 | 15 |
Snapshot date 5th January, 2024
Modularization - Celestia + MilkyWay
Celestia is pioneering the modular blockchain architecture, a breakthrough in scaling blockchains by splitting traditional blockchain functionalities into distinct layers. This architecture allows for more scalability as it grows with the user base. The structure facilitates the easy deployment of independent blockchains with minimal overhead.
This modular design aligns closely with Soarchain's strategy. Soarchain, through Runners, a layer-2 rollup-like system, also scales more with an increasing number of users. The parallel in design between Celestia and Soarchain highlights their shared commitment to developing scalable and innovative blockchain ecosystems.
An allocation of 11.1% (5,700,000 SOAR) is dedicated to delegators staking a minimum of 40 TIA and/or 20 milkTIA. The categories are divided by the participation score based on Celestia’s scoring method where,
participation score = stake * activity score
Category | Eligible Wallets | SOAR Allocation | Minimum SOAR |
80-100% participation score | 27192 | 2,700,000 | 90 |
0-80% participation score | 108770 | 3,000,000 | 27 |
Snapshot date 5th January, 2024
DePIN - Akash
The significance of Decentralized Physical Infrastructure Networks (DePIN) in projects like Akash, which offers unique features like decentralized cloud computing. It utilizes blockchain technology to provide cost-effective, scalable, and secure cloud computing resources, harnessing idle computing resources globally and also providing AI supercloud, which is a powerful cloud computing platform optimized for artificial intelligence and machine learning tasks.
Soarchain aligns with these innovations the most, as the first Layer-1 DePIN, functioning as an infrastructural layer for mobility. Also, integration with AI enables Soarchain to leverage vehicle data for numerous applications like, real time road condition monitoring, optimizing energy consumption and many more, demonstrating a parallel in advancing the blockchain's utility in everyday life.
An allocation of 14.6% (7,600,000 SOAR) is dedicated to delegators staking a minimum of 50 AKT. The categories are divided by the participation score based on Celestia’s scoring method where,
participation score = stake * activity score
Category | Eligible Wallets | SOAR Allocation | Minimum SOAR |
80-100% participation score | 5173 | 3,600,000 | 600 |
0-80% participation score | 20694 | 4,000,000 | 180 |
Snapshot date 5th January, 2024
Early Community - Zealy + OGs
The early community members are the foundation of any project. Recognizing Soarchain OGs and Zealy members highlights their early belief and support in the project, which has been crucial for its development and growth.
An allocation of 1.85% (950,000 SOAR) is dedicated to the Early Community. Zealy users who did the Zealy quests will receive the SOAR equally proportional to their tSOAR rewards during testnet and the OGs, who claimed the “OG Motuzen '' role on Discord will receive 100 SOAR each.
Mobility - OEM Integrations
Car owners represent a key user base for Soarchain's mobility-focused applications. Including them in the genesis drop underscores the importance of real-world data generation and usage in enhancing mobility services.
An allocation of 11.1% (5,700,000 SOAR) has been dedicated to the OEM integrations. Out of which 950,000 SOAR is for the Vehicle-to-Netowrk (V2N) rewards based on the Proof of Availability (PoV) of Tesla users during testnet. The rest of the 4,750,000 SOAR is dedicated to the fixed base rewards for pre-registering and successfully integrating to the OEM APIs.
Testnet Users - Soarchain Mini
Testnet users, particularly those involved with Soarchain Mini, have contributed significantly by testing and providing feedback on Soarchain's features. Their involvement is crucial for refining the platform before its full-scale launch.
An allocation of 37% (19,000,000 SOAR) is dedicated for this category. From this, 9,000,000 SOAR is for the V2N rewards. The rest of the 10,000,000 is the fixed base reward for the Soarchain Mini buyers.
The V2N rewards are proportional to their testnet token earnings. The formula for calculating these rewards for Soarchain Mini owners at the beginning of the mainnet is:
CompensationCoefficient = (9,000,000 / TotalAccumulatedTestnetRewards)
MainnetSoarMiniReward = User'sTestnetBalance x CompensationCoefficient
To give an example, let's assume that the Soarchain Mini Owner A earned 1000 tSOAR and the Total Accumulated Testnet Rewards of all users are 5,700,000 tSOAR. The the Compensation Coefficient becomes;
CompensationCoefficient = 9,000,000 / 5,700,000 = 1.58
And the Mainnet Soarchain Mini Reward for Soarchain Mini Owner A becomes;
MainnetSoarMiniRewards = 1.58 x 1000 =1580
Validators - Testnet Validators
Validators play a critical role in maintaining the integrity and security of the blockchain network. Recognizing testnet validators highlights their contribution to keeping Soarchain's network robust and reliable.
An allocation of 1.85% (950,000 SOAR) is dedicated to this category. Out of which, 570,000 SOAR is for marketing and 380,000 SOAR is for node operations
a) Uptime
Total Reward: 152,000 SOAR tokens.
Every testnet validator will have an Uptime Score from 0 to 10. This score is proportional to the uptime duration of that individual testnet validator. If the validator’s uptime is 95% then the Uptime score will be 9.5. All scores of the testnet validators will be determined at the end of the testnet.
On average a validator will earn 2533 SOAR tokens from Uptime rewards.
Calculation:
UptimeReward = IndividualUptimeScore x (152,000 / TotalUptimeScore)
b) Node Updating
Total Reward: 152,000 SOAR tokens.
Every testnet validator will have a Node Updating Score from 0 to 10. The validators will have a sliding window of time to update the nodes once there is an update on the testnet. The scores are calculated with the time passed for doing the node update. For example if a validator updated the node 7 hours after the announced time the score for the Node Updating will be 9.
Calculation:
NodeUpdatingReward= IndividualNodeUpdatingScore x (152,000 / TotalNodeUpdatingScore)
On average a validator will earn 2533 SOAR tokens from Node Update rewards.
c) Governance Proposal
Total Reward: 76,000 SOAR tokens.
Every testnet validator will have a Governance Score from 0 to 10. This score is proportional to the percentage of the participation to the Governance proposals. For example if the validator participated in 9 of the 10 proposals then the Governance score will be 9. All scores of the testnet validators will be determined at the end of the testnet.
On average a validator will earn 1266 SOAR tokens from Governance rewards.
Calculation:
GovernanceReward = IndividualGovernanceScore x (76,000 / TotalGovernanceScore)
d) Community Engagement
Total Reward: 570,000 SOAR tokens.
Rewards based on task completion.
During the testnet there will be approximately 10 community engaging tasks/challenges for validators to complete. These tasks would be related to the community engagement and marketing efforts for advertising the Soarchain ecosystem to masses. When a validator completes one task they will get 500 to 1000 SOAR tokens per task completion.
The maximum possible number of rewards to earn is 10,000 SOAR if the validator participates in every challenge.
Notice
There will be a surprise drop for a Network to be announced in the future.
Tokens leftover from the Early Community and Tesla V2N category will be sent to the strategic reserves
Avoid clicking on any links related to the Soarchain Genesis drop. The Genesis drop will be directly distributed to your wallets. Please remain cautious and safeguard your assets. SOAR will never be distributed in any other way on any social media.
No person from Soarchain team will ever:
Ask you for your seed phrase or private key.
DM you first about the Soarchain Genesis Drop.
Ask you to send them SOAR or any other token.
Provide you any link to claim the Genesis Drop.