Say Hi to $SOMI

Somnia's native token

It’s been a long journey, but the Somnia dream is about to begin, and we're grateful to everyone who's come along with us. Today, we introduce you to the ticker… $SOMI, and provide some details about the upcoming airdrop, but first let’s take a look back at the moments and accomplishments that brought us here.

From the Metaverse to Devnet and Shannon, and Now the Future

In early 2024, the concept for Somnia was unveiled to the world, and we started to build a community that shared our vision for an onchain world. When we launched our Betanet and began organizing quests with the community, our activities were heavily focused on the metaverse because the initial inspiration for Somnia was to design a blockchain with the scale needed to handle large scale events in the metaverse. Over time, that idea got much bigger.

After the Somnia Devnet launched on November 15, 2024, early tests showed that the performance had exceeded the team’s most ambitious predictions. Speeds of over 400,000 Transactions Per Second (TPS) were expected, but initial stress tests showed that the blockchain was capable of handling 1.05 million TPS, a record-setting number. The tests also showed that the chain was capable of processing swaps at 50,000 TPS, and NFT mints at 300,000 per second. Also impressive was Somnia’s ability to maintain sub-second latency, which ensures superior responsiveness and enables an unprecedented level of scalability. The Devnet performance metrics created a buzz and showed what Somnia was capable of, attracting developers from across web3.

Somnia’s “Shannon” Testnet, named after the legendary mathematician and computer scientist Claude Shannon, would continue to reach new milestones and bring in new builders. The Testnet saw over 2 billion transactions, with over 60 validators and 70 projects joining the ecosystem.

Now, after long days of clicking and questing, the time has come to introduce Somnia’s native token, SOMI.

SOMI is the Ticker

Somnia’s native token SOMI will be primarily used for gas fees, validator staking and utilizing the Network. Eventually, the token will also be used for governance as well, as part of Somnia’s long-term plan for progressive decentralization. With over 60 validators onboard, and our token launch on the way, Somnia is moving closer to realizing its vision of community-driven governance.

Somnia is also taking a different approach to how tokens are distributed to validators. Instead of relying on constant, infinite inflation like many high-performance blockchains, we’ve allocated 10% of the total supply to validators who secure the Network. This allows us to cap the overall supply at 1,000,000,000 tokens. On top of that, 50% of all gas fees will be burned, contributing to a deflationary supply model. This decision was made with the long-term health of the project and community in mind, reflecting Somnia’s long-term vision of rewarding real contributors without relying on inflation, and creating a sustainable economy backed by real usage.

The initial airdrop allocation will be divided into several stages to ensure the health of the Network and maintain a healthy circulating supply. At launch, 5% of the total token supply will be distributed to the community in the following way:

1. Questers and Testnet Users

Achieving over 2B transactions in 5 months is a mind-blowing milestone! We couldn’t have done it without our patient Somniacs who kept on clicking and completing tasks during the testnet phase, helped us improve the technology, and patiently provided feedback and supported our apps in scaling. As recognition for your early contributions, we updated the formula for earlier seasons, so if you were here from the start - you get more. We will be allocating ~4.33% to the testnet users who participated in Somnia’s quests. While the era of Shannon is coming to an end, the quest platform will continue in a different form.

2. Contributors and Creators

Where would Somnia be without this incredible community? From showing up every day and creating art and content, to keeping our CT feeds vibrant and our Discord buzzing with activity until slow mode was triggered, you’ve kept the energy alive. We will be allocating ~0.38% to recognize this group’s contributions.

3. Yap Yap for Somnia

The era of InfoFi changed the game, and brought a new layer of community keyboard wizards talking about Somnia, creating Somnia-inspired art, and spreading the message. Initially, Yappers were rewarded with points, but then we decided to take it to the next level and launched SomniYaps - Somnia’s own social currency. The yapper points, which are different from the quest points, were converted into SomniaYaps which will have specific utility in the Somnia ecosystem. On top of the Yapper rewards and quest incentives, Yappers who already have SomniYaps will be allocated an additional 0.1% of the total allocation.

4. Stay with Quills. Stay with Somnia.

Not so long ago, a hedgehog wandered into Somnia, and made its mark on the Somnia ecosystem. A community of committed and persistent hedgehogs dressed in different shirts, hats, and with pizzas in their mouths became the face of Somnia’s community. From colorful art to poems, and even a couple of divorces, Quills became a part of Somnia’s history with its contributions. For their commitment to Somnia, Quills holders, in addition to other allocations, will be rewarded with a bonus allocation of 0.2% of the total supply.

Airdrop Unlock

We’ve taken a different approach to the airdrop distribution to ensure that genuine participants in the Somnia ecosystem are rewarded. After the initial airdrop, the remaining allocations will be released in stages, with Somniacs completing additional quests on mainnet to claim them.

On day 1, 20% of the airdrop allocation will be unlocked, while the next 80% will be unlocked by doing activities on the mainnet. Every seven days, there will be a week-long quest where you will need to complete tasks to unlock your weekly rewards. If you complete all tasks in a timely manner, you can get a full unlock after 60 days of the mainnet quest. You will have around 90 days to complete these tasks and unlock your rewards. Any tokens that remain unclaimed during this time period will be sent back to the ecosystem fund and allocated to the community and ecosystem projects. Exceptions to this unlock scheme include allocations for SomniYaps, Quills holders, and Discord roles, which will be fully unlocked day 1.

Stay With Somnia

As we know, mainnet is the Day 1 and that’s where the real action starts. This was just a warm up for what we have planned for Somniacs. We reserved an additional 8% of the supply for further incentives for the community, devs, and creators. The remaining community allocation will be divided between providing liquidity and rewarding the validators that secure the Network. But that’s not all - we have a new program launching soon, Somnia Mines, which offers fresh ways for the community to get involved and earn rewards from the ecosystem and its apps.

And now, the dream begins…

Check your eligibility today by visiting the airdrop checker.