$200M Raised for Solana’s ‘COMMing SOON’ NFT Mint

The Solana Digital Machine’s upcoming challenge, COMMing SOON NFTs, has shortly gained traction, elevating $200 million in subscription pledges inside 16 hours of its announcement. The minting course of, set to start at 12:00 PM UTC on January 14, has already been oversubscribed by 8 instances.

COMMing SOON NFTs

TWO HUNDRED MILLION DOLLARS

$200,000,000 has been dedicated to the COMMing SOON NFT Mint inside the first 16 hours of launch.

This makes the mint round 8x oversubscribed.

LFSOON pic.twitter.com/loKNxwVwFz

— SOON – Solana Optimistic Community (Alpha Mainnet) (@soon_svm) January 7, 2025

Nonetheless, the surge in COMMing’s rising reputation precipitated rate-limiting points on X , reportedly impacting customers’ capability to attach their accounts to the NFT minting website. The platform acknowledged these points , which might additionally point out the overwhelming demand for COMMing SOON NFTs.

With minting set to launch on January 14 at 8:00 PM Beijing time (12:00 PM UTC), all eyes are on this Solana challenge.

Solana Digital Machine’s SOON Challenge

Aside from the NFT minting figures, the SOON platform just lately introduced its tokenomics and distribution plans, emphasizing a good launch method with no pre-mining, pre-token allocations, or VC privileges. Of the overall $SOON tokens:

1. 51% will go to NFT holders (39% by way of NFTs and 12% as on-chain exercise rewards).
2. 25% will assist ecosystem builders.
3. 10% is allotted to the crew and co-builders.
4. The remaining 14% is cut up between the SOON Basis (6%) and airdrop/liquidity efforts (8%).

Notably, the platform drew comparisons to the 2017 ICO days of main infrastructure tokens like Solana, Polkadot, and Avalanche, because it underlines the ‘no pre-mine, no pre-token allocations, and no VC privileges’ characteristic of SOON token.

Solana’s ecosystem has turn into a prime participant with the supply of many initiatives. Simply yesterday, information emerged about Solana’s second cellphone, Solana Seeker, which is predicted to launch in mid-2025. In October 2024, Solana Cell’s basic supervisor, Emmett Hollyer, said that the Seeker is priced at $500 and has obtained 145,000 pre-orders.

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