Sophia BSC Light Paper
Executive Summary
Sophia BSC is a cryptocurrency initiative that revives the foundational principles of blockchain technology—decentralization, transparency, and community empowerment. By reinforcing these core values, Sophia BSC aims to create a fair and inclusive economic ecosystem which rewards holders for long term commitment.
Project Vision
To reestablish a truly decentralized platform that returns to the roots of cryptocurrency, fostering a transparent, inclusive, and community-driven economic ecosystem. Problem Statement In recent years, the cryptocurrency market has seen an increased trend towards centralization and exclusion, diverging from its original democratic and decentralized intent. This shift has often left participants without fair rewards and equitable access. The Sophia BSC Solution Sophia BSC introduces a community-focused token system that emphasizes equitable distribution, robust governance, operational transparency and fair rewards.
Key Features Fair Distribution: Utilizing a tax mechanism that ensures all participants benefit from the ecosystem’s growth.
Transparency: Implementing open and auditable operations that cultivate trust and active participation.
Tokenomics Token Allocation
Total Supply: 100 Billion
Tokens Presale: 50%
Liquidity: 30%
Rewards, Marketing and Future Listings: 20% under lock and key till it will be needed
Enhanced Rewards System Sophia BSC is committed to rewarding its community. Our innovative reward system is designed to benefit short term holders and long term holders even more. By implementing a tax that will be distributed in the following way.
Buy Tax: 3%
- 2% in the native token BNB is redistributed to investors as rewards. When a certain trading volume is reached, all holders receive an airdrop depending on amount tokens hold.
- 1% to marketing wallet.
Sell Tax: 5%
- 2% reflections airdropped once a month to all long term holders in its native token BNB.
- 1% added to a community rewards pool for competitions.
- 2% to marketing
The 2% sell tax is gathered in a wallet which is open for viewing on dexscreener. Every month payout to all holders which have been holding for at least 1 month. A snapshot will be taken first day of the month. Holders that sell within that month will not be eligible for those rewards but will be legible for the buy tax distribution, generating more rewards for real long term holders and pushing all community members to hold.
This is a 2 way street, hold for more rewards and decrease selling pressure. This is the main focus for Sophia BSC !!!
Blockchain Selection
The choice of Binance Smart Chain (BSC) is justified by its efficiency, cost-effectiveness, and extensive support for smart contracts, making it ideal for implementing complex reward structures.
Roadmap Phase 1: Development and launch of the smart contract with a focus on security and reward mechanisms. Conducting security audits. Launching the presale and establishing initial liquidity.
Phase 2: Community Growth and Expansion Implementing comprehensive governance features. Expanding liquidity provisions and reward structures. Engaging the community through targeted outreach and incentives.
Phase 3: Sustainability and Longevity Continuously assessing the impact of the project. Making iterative improvements based on comprehensive community feedback. Community and Governance Decentralized Governance Model An extensive discussion on how the governance functions, with mechanisms for proposal submissions and collective decision-making.
Community Governance: Empowering community members with substantial control over the project’s direction through a DAO.