The SOS Foundation ($SOS) — Where It Pays To Do Good
The SOS Foundation is a blockchain-based initiative that leverages the unique capabilities of blockchain technology and DeFi to positively impact society.
It accomplishes this through a range of partnerships with celebrity-backed philanthropic efforts combined with an incentivized token re-distribution mechanism. Read on to find out more.
IDO Date: Friday September 10th
Staking Eligibility Cutoff: Friday September 10th, 5 AM UTC
Public Sale Token Price: $0.0020 USD
Allocation Round Open: Friday September 10th, 8 AM UTC
#TRONPad Public Sale (FCFS) Round Open: Friday September 10th, 1 PM UTC
Pancakeswap Listing: Friday September 10th, 3 PM UTC
Maximum Token Supply: 1,250,000,000 SOS
#TRONPad Public Sale: 125,000,000 SOS
Circulating Supply at Listing: 462,500,000 SOS
Market Capitalization at Listing: $99,900 USD
Public Sale Vesting Schedule: 20% at TGE, rest vested over 3 months
About SOS Foundation
SOS Foundation is an upcoming community-driven platform that is devoted to using the unique properties of blockchain technology to drive social change.
SOS partners with a range of celebrity-backed philanthropic efforts to help impact a wide variety of causes — potentially including humanitarian relief efforts, sustainability and green energy initiatives, or tackling human trafficking and modern slavery.
To accomplish this, SOS will be forging partnerships with a wide variety of charities and do-good foundations to help make a positive impact while simultaneously promoting the power and capabilities of decentralized technologies.
What problems does it solve?
The SOS Foundation makes it easy to do good, by providing an incentivized platform for funding efforts that benefit mankind.
It uses blockchain to help organize efforts and quickly and efficiently distribute donations to partnered charities while providing a wide range of perks to SOS token holders — who essentially contribute to various social good efforts by simply holding the token.
One of the ways it accomplishes this is with a value redistribution feature, which sees SOS holders earn a share of 4% of all the sell orders of the token. This provides a passive income stream to anybody that opts to support the network long term. Beyond this, 2–2.5% of all SOS trades go into a jackpot fund that is shared periodically with three random SOS holders — providing a further incentive to hold.
The platform has already established a partnership with Miley Cyrus’ Happy Hippie Foundation — which works to rally young people up against homelessness. SOS also has two as-yet unnamed partnerships secured — one with an iconic singer, the other with a world-renowned athlete. These are set to be announced shortly.
Who knew it paid to go good!?
To help accomplish its goals, the SOS Foundation have incorporated a number of distinguishing features, some of which include:
The platform features aggressive deflationary tokenomics to help drive the stable long-term growth of the platform and give back to its supporters. SOS Foundation employs two different types of tax to help with this:
- Buy tax: 5% of all buy orders will be deducted — 2.5% goes to the community & charity wallet and the other 2.5% goes to the jackpot fund
- Sell tax: 10% of all sell orders will be deducted — 1% is burned, 2.5% goes to the community & charity wallet, 2% goes to the jackpot fund, 4% is reallocated to other holders, and 0.5% is distributed to the liquidity pool.
SOS is built to better our society and uses a number of incentive mechanisms to help grow its user base and hence the amount of good it can do. One of these incentives is the SOS jackpot — which sees three random SOS holders win a share of the jackspot (1st place 50%; 2nd place 35%; 3rd place 15%).
The lottery is taken periodically based on whether the SOS token market cap hits specific milestones, providing an incentive to hold SOS long term.
Through its partnership with a range of celebrities and charities, the SOS Foundation will unlock a variety of additional perks for supporters. This might include exclusive access to events, free sustainably minted NFTs, early access to content, merch discounts, meet and greets with celebrities, and much more.
The goal of SOS is to make it as easy as possible to do good, by forging a close-knit community and incentivizing the sustainable growth of the platform.
The SOS token is the entry point to the SOS Foundation ecosystem and has a variety of benefits for holders. As of V1 of the platform, these include:
- Share 4% of the value of all sold SOS
- Participate in a periodic lottery to win potentially millions of SOS
- Unlock exclusive holder perks, such as mercy discounts, NFT airdrops, and celebrity meet-and-greets
- Gain VIP access to bi-annual meets with leaders pushing social good
❑ Website: https://sosfoundation.io/
❑ Telegram: https://t.me/THESOSFOUNDATION
❑ Twitter: https://twitter.com/thesosf
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