The RCH token is a deflationary utility token for the SOFA DAO, designed to reward active users and support a decentralized financial ecosystem through fair launch and daily buybacks. More
| Fully Diluted Valuation | $7.44M |
|---|---|
| 24H Trading Volume | $134,192 |
| 24H Low / High | $0.27 / $ 0.29 |
| Circulating Supply | 26.83M |
| Total Supply | 26.98M |
| Max Supply | 37.00M |
| Categories | Ethereum Ecosystem 3 more |
|---|---|
| Founder | Anonymous |
| Website | sofa.org Whitepaper |
| Socials | 2 more |
| Chains | Ethereum Ecosystem |
| Explorer | Ethplorer 2 more |
| Contracts |
0x57b....f11af
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| Name | Pair | OG Score |
|---|
SOFA is a decentralized organization committed to enhancing the DeFi ecosystem through education, innovation, and the establishment of industry standards. Operating as a DAO, SOFA utilizes its governance token, $SOFA, to involve community members in decision-making. The organization supports projects that aim to integrate DeFi into mainstream finance and has introduced a transparent, decentralized clearing solution for crypto structured products. The native utility token, $RCH, rewards active users of the protocol and features a deflationary design intended to increase its value over time.
About SOFA Org
SOFA.org is a decentralized, non-profit, open-source organization focused on creating a trustless decentralized finance (DeFi) ecosystem. Its goal is to enable the atomic settlement of financial assets on the blockchain.
Key Features
Initial Protocols: SOFA will launch its first two protocols, Earn and Surge, providing users with access to structured products that offer secured yield-making opportunities. These protocols will initially be available on Ethereum and Arbitrum, with plans to expand to other Ethereum Virtual Machine (EVM) chains.
Inclusive Platform: The DAO will provide standardized decentralized application (dAPP) and application programming interface (API) packages to market makers and other interested parties. This inclusive approach ensures 24/7 real-time pricing coverage, enhancing the user experience.
Utility Token (RCH): The RCH token will be launched fairly on Uniswap, with significant airdrops available exclusively to genuine users. There will be no venture capital cliffs or insider advantages. RCH has a total supply of 37 million tokens, with 25 million (about 67%) pre-minted and locked in a Uniswap liquidity pool, while the remaining 12 million (33%) are reserved for airdrops to users and supporters.
Deflationary Model: All earnings from the protocols will be used to buy back and burn RCH tokens daily. This mechanism aims to create a deflationary supply and align the token's value with long-term users and holders.
Security: SOFA has completed audits by reputable firms Peckshield and Code4rena, with reports available on its website. A report from SigmaPrime is expected soon.
SOFA Org is unique for its decentralized, non-profit approach to building a trustless DeFi ecosystem, focusing on structured products and a fair token launch, ensuring no insider privileges and daily token buybacks for deflationary value.
The specific founders of SOFA Org are anonymous, but it operates as a decentralized organization (DAO) with community governance through its $SOFA token.
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