The leading cryptocurrency exchange, Binance, has recently announced its support for Sophon (SOPH), an entertainment-focused altcoin, on its early-access platform, Binance Alpha. This move comes as part of Binance’s efforts to provide users with access to emerging web3 projects before they become mainstream.
According to Binance’s announcement, Sophon (SOPH) will be available for trading on Binance Alpha starting on May 28, 2025, at 13:00 (UTC). Additionally, Binance Futures will launch a SOPHUSDT Perpetual Contract with up to 50x leverage on the same day at 13:30 (UTC).
Sophon is a layer-2 scaling solution designed specifically for the entertainment industry. The project aims to integrate blockchain technology into everyday activities, such as gaming, to create mainstream use cases for cryptocurrencies. By leveraging zero-knowledge proofs and Validium-based Layer 2 solutions, Sophon offers higher throughput, lower transaction fees, and seamless interoperability with other ZK chains while maintaining the security of the Ethereum mainnet.
The native token of the Sophon project, SOPH, will be used to pay gas fees and reward validators. Although the token has not been launched yet, its debut is scheduled for the upcoming week.
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