SoSoValue

soso
CoinYQ Dossier

SOSO crossed three chains without becoming a claim on every SoSoValue product

SOSO's public story is less about one token than about keeping several ledgers apart. A billion units began in four Ethereum allocations; Base received a canonical bridge representation, ValueChain released native reserves against locks, and separate SSI baskets kept their own custodians, fees and redemption gatekeepers.

A billion units begin in four addresses and one upgradeable contract

Ethereum contract 0x76A0e27618462bDAC7a29104bdcfFf4E6BFCea2D delegates to verified implementation 0x151496e9b0da7c2af27b60010abd4dd91c122f2e. Initialization minted exactly one billion 18-decimal SOSO. No later public mint function appears in that implementation.

The code divided the mint into 30% ecosystem, 16.5% investors, 36.5% team-and-partner and 17% foundation. The whitepaper tells a more granular human story: 33% core contributors plus 3.5% partners. The contract cannot by itself prove that internal split, because both portions arrived at one combined allocation address.

That distinction matters whenever a tokenomics chart is treated as an onchain lock. The ERC-20 establishes the top-level destinations and total. Vesting wallets, custody agreements and distribution transactions must establish what happened after delivery.

Cliffs govern insiders while epochs govern participants

The published schedule gives contributors and partners an 18-month cliff followed by 36 monthly releases. Investors receive a 12-month cliff and 18 months of monthly vesting. Foundation and ecosystem pools follow different calendars, with some tranches scheduled for launch or 6 September 2025 and the remainder subject to longer schedules or named programs. These published dates do not by themselves prove the transfers occurred.

Public campaigns used that ecosystem reserve in finite episodes. Epoch 1 ran from 25 January to 25 February 2025, assigning 15 million SOSO to PoW and EXP activity and 30 million to SSI holding and staking. Epoch 4 later offered 15 million from 22 November 2025 through 21 May 2026 for staking MAG7.ssi, DEFI.ssi, MEME.ssi and USSI.

Both plans reserved eligibility, interpretation and adjustment powers to the project. They were distribution campaigns, not a standing interest rate. Epoch 4’s published period ended on May 21, 2026.

The research screen and the index basket are different machines

SoSoValue Terminal organizes market data, sector indexes, news and research. SSI Protocol does something operationally different: it wraps selected multi-chain assets into Base tokens. SoDEX is an order-book exchange, and ValueChain is the network intended to host gas, staking and governance. One brand connects them, but one holder right does not.

An SSI mint starts with a whitelisted liquidity provider that has passed KYC or KYB. A private market maker acquires the underlying basket, custody receives the assets and an issuer contract mints the SSI token. Burning reverses the path. Ordinary users generally enter and leave through Uniswap and face market liquidity rather than a universal direct redemption right.

The FAQ states a 0.01% daily service fee and claims regulated or licensed custody and asset isolation. The methodology gives final index decisions to a SoSoValue Index Oversight Committee and contemplates monthly rebalancing, when mint and burn may pause. Those are SSI controls; owning SOSO does not publish a direct title to the custodied coins.

Base and ValueChain use two different bridge stories

Base SOSO at 0x624e2e7fDc8903165F64891672267AB0FCB98831 reports Ethereum SOSO as remoteToken and 0x4200000000000000000000000000000000000010 as bridge. That is the canonical Base pattern: the bridge mints and burns the L2 representation. Review-date supply was about 73.53 million SOSO.

The newer ValueChain migration is documented differently. Users lock Ethereum or Base ERC-20 units in a bridge or multisig, then receive native SOSO from a ValueChain reserve. The project says locked source tokens initially remain unburned to prevent market-data services from understating supply and may be burned after integrations catch up. Correct totals therefore depend on identifying locks, not summing every chain's displayed supply.

The official page is precise enough to reveal its own gap: its ValueChain bridge-multisig identifier contains the letter G. An EVM address is hexadecimal, so that string cannot resolve to the claimed account. Ethereum and Base bridge roles can be tested; the stated ValueChain multisig cannot be verified from that identifier.

A governance vote sits beside a 3-of-4 code key

Snapshot space sosovalue-governance.eth supplies an observable voting layer. SIP-3 opened on 27 August 2026 and closed two days later. It recorded 978 voters and about 6.024 million voting power, approving 50 million SOSO—5% of total supply—for a ValueChain ecosystem incentive treasury.

The proposal does not claim that Snapshot itself moved funds. It instructs the Foundation to execute a multisig allocation, migrate tokens and later disclose transactions. Treasury execution, validator incentives and downstream recipients require separate evidence after the ballot.

Ethereum contract control follows another path. Owner 0x3d0e...11df was a Safe requiring three of four owners on 5 September 2026. Verified code lets that owner pause transfers and approvals or upgrade the implementation; paused was false. Token voting can guide policy while a smaller signer group retains the immediate code key.

Utility ends where a holder contract should begin

The whitepaper and live product page attach many uses to SOSO: governance, research incentives, SSI liquidity and staking boosts, trading discounts, ValueChain gas, collateral and a fee-funded buyback-and-burn idea. Each use depends on product operation, adoption and rules that can evolve.

The SSI terms, last modified 12 March 2025, name Digvaluable Ltd. as the website counterparty. They disclaim assurances about token value, utility and liquidity and restrict users and jurisdictions. They do not clearly say Digvaluable issued SOSO, holds a redeemable reserve for it or owes token holders a distribution.

No reviewed primary file grants SOSO equity, revenue, deposit insurance, redemption at par, beneficial ownership of Terminal data or a direct claim on SSI custodied assets. The token has verifiable code, allocations and votes, but the reviewed materials identify its legal issuer and holder contract less clearly than its product roadmap.

How the project changed

  1. 2025-01-25
    Epoch 1 starts with two reward pools

    The plan opens 15 million SOSO for PoW/EXP and 30 million for SSI holding and staking.

  2. 2025-02-25
    Epoch 1 closes

    The first published SSI campaign ends under eligibility and interpretation rules retained by the project.

  3. 2025-03-12
    SSI website terms name Digvaluable Ltd.

    The terms define the website counterparty and disclaim guarantees without naming SOSO's legal issuer.

  4. 2025-09-06
    Foundation and ecosystem unlock dates arrive

    The published schedule set unlocks equal to 5% of total SOSO supply for the foundation and 10% of total supply for the ecosystem. Subsequent distribution remained dependent on programs; this schedule is not itself proof of onchain execution.

  5. 2025-11-22
    Epoch 4 begins

    A 15 million SOSO pool targets staking in four SSI products with SOSO boosts.

  6. 2026-05-21
    Epoch 4 ends

    The published reward period closes; its rate should not be projected as permanent yield.

  7. 2026-08-27
    SIP-3 voting opens

    The proposal asks to move 50 million SOSO into a ValueChain ecosystem incentive treasury.

  8. 2026-08-29
    SIP-3 closes with approval

    Snapshot records 978 voters and roughly 6.024 million voting power; Foundation multisig execution remains a separate step.

Evidence and primary sources

Last evidence review: 2026-09-05

What is SoSoValue?

SOSO begins as the UUPS-upgradeable ERC-20 at 0x76A0e27618462bDAC7a29104bdcfFf4E6BFCea2D on Ethereum. Its verified implementation minted one billion units once. Base token 0x624e2e7fDc8903165F64891672267AB0FCB98831 names that ERC-20 as its remote token; ValueChain uses a native form released against locked Ethereum or Base units.

The token sits beside several products rather than inside one simple app. SoSoValue Terminal organizes crypto market data and research. SSI turns managed asset baskets into Base tokens. SoDEX is an exchange, and ValueChain is a separate network. Published SOSO uses span governance, incentives, fee discounts, staking boosts and gas, but those uses do not confer ownership of Terminal data or SSI collateral.

Its clearest boundary is legal. The SSI website terms name Digvaluable Ltd. for that service and disclaim value and liquidity assurances. They neither identify a SOSO issuer nor promise redemption, reserves, equity, revenue or custody ownership to SOSO holders.

What problem does SoSoValue solve?

One ticker crosses three accounting systems. Base can mint or burn its representation through the canonical bridge. The later ValueChain route instead locks ERC-20 units and releases native reserves; the whitepaper says source units remain locked until later burning so aggregators do not undercount. A dashboard can therefore look like supply changed when custody location changed.

Product language creates a second ambiguity. SSI baskets have their own mint, burn, custody, fee and rebalancing system. Holding SOSO alone does not make someone a beneficial owner of those baskets. The index committee, whitelisted liquidity providers, market makers and custodians perform roles that a generic governance label does not replace.

Control is also split. Snapshot can express token-weighted choices, while the Ethereum owner Safe can pause every transfer and approval and upgrade code. SIP-3 itself assigns execution to Foundation multisig transactions. The vote, the key and the legal right are three different things.

How does SoSoValue work?

At initialization, code sent 30% to ecosystem, 16.5% to investors, 36.5% to a combined team-and-partner address and 17% to foundation. The whitepaper subdivides 36.5% into 33% contributors and 3.5% partners, with 18-month cliffs and 36-month vesting; investors use 12 plus 18 months. Foundation and ecosystem tranches follow their own unlock and program rules.

On Base, contract getters point to the canonical L2 bridge and the Ethereum token. On the later ValueChain path, a user locks Ethereum or Base SOSO and receives native SOSO from a reserve. The official page's ValueChain multisig string contains a non-hex G, so that specific control account cannot be verified from the published address.

SSI is separate: a whitelisted KYC/KYB liquidity provider requests a quote, a market maker acquires the basket, custody receives assets and the issuer mints an SSI token. Burning reverses the route. Rebalancing can pause mint and burn; a committee determines methodology. SOSO can boost campaign rewards, but completed epochs do not create perpetual yield.

Key facts

  • Ethereum SOSO: 0x76A0e27618462bDAC7a29104bdcfFf4E6BFCea2D; UUPS proxy; 18 decimals; fixed initialization mint of 1 billion.
  • Code allocations: ecosystem 30%, investors 16.5%, combined team/partners 36.5%, foundation 17%; docs split the combined share into 33% and 3.5%.
  • Published vesting: contributors/partners 18-month cliff plus 36 months; investors 12 plus 18 months; foundation and ecosystem use separate unlock/program rules.
  • Epoch 1: 15 million SOSO for PoW/EXP and 30 million for SSI holding/staking, 2025-01-25 to 2025-02-25.
  • Epoch 4: 15 million SOSO for SSI staking, 2025-11-22 to 2026-05-21; a completed discretionary campaign, not permanent yield.
  • Terminal, SSI Protocol, SoDEX and ValueChain are distinct products; SOSO utility does not equal ownership in their data, fees or assets.
  • SSI mint/burn is limited to whitelisted KYC/KYB liquidity providers; ordinary users generally trade on Uniswap; stated service fee is 0.01% daily.
  • The Index Oversight Committee makes final methodology decisions and the published schedule calls for monthly rebalancing.
  • Base SOSO: 0x624e2e7fDc8903165F64891672267AB0FCB98831; canonical bridge representation of Ethereum SOSO; about 73.53 million supply at review.
  • ValueChain migration is documented as one-way: lock Ethereum/Base ERC-20 and release native reserves, with later source-token burning planned.
  • The official ValueChain bridge-multisig identifier contains G and is not a valid hexadecimal EVM address.
  • Ethereum owner 0x3d0e...11df is a 3-of-4 Safe; it can pause/unpause and upgrade; paused was false on 2026-09-05.
  • SIP-3 approved a 50 million SOSO ValueChain incentive treasury with 978 voters and about 6.024 million voting power; Foundation execution was separate.
  • SSI terms name Digvaluable Ltd. as website counterparty, not clearly as SOSO issuer, and disclaim value, utility and liquidity assurances.
  • Published utility includes governance, incentives, SSI boosts, fee-funded buyback/burn and ValueChain gas; none is a guaranteed return or redemption.
  • No reviewed primary source grants SOSO holders equity, revenue, reserve backing, deposit insurance or direct ownership of Terminal data or SSI custody assets.

Official links

Categories

Frequently asked questions

Is SOSO a share in SoSoValue?

No reviewed document grants equity or a revenue share. SOSO is a utility and governance token; Terminal, SSI, SoDEX and ValueChain have separate functions and controls.

Is supply capped at one billion across every chain?

Ethereum code minted one billion once. Base uses bridge mint/burn, while ValueChain releases native reserves against locked source tokens. Cross-chain totals require subtracting locked representations rather than adding every interface balance.

Who can freeze or change Ethereum SOSO?

The owner Safe can pause all transfers and approvals, unpause and upgrade the UUPS implementation. On the review date it required three of four Safe owners and the token was not paused.

Can anyone mint or redeem SSI baskets?

No. Published design restricts minting and burning to whitelisted KYC/KYB liquidity providers. Ordinary users usually buy or sell SSI tokens on Uniswap and depend on market liquidity.

Does SOSO staking promise continuing yield?

No. Epoch rewards had dates, pools and change clauses. Epoch 4 ended on 21 May 2026; its reward rate should not be projected beyond the campaign.

Did SIP-3 move 50 million tokens automatically?

Snapshot approved the proposal, but the proposal assigns migration and treasury funding to later Foundation multisig transactions. Voting and execution are separate evidence.

Who legally issued SOSO?

The reviewed public terms name Digvaluable Ltd. for the SSI website but do not clearly identify the SOSO issuer or a holder agreement. That remains a material disclosure gap.

Does SOSO own the assets behind SSI tokens?

No. SSI tokens have a separate custody and mint/burn structure. Holding SOSO alone creates no published direct property or redemption claim on those custodied baskets.

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