What is SO and how to get SO

In this section,you will learn more about what is $SO and how to get $SO.

What Is $SO?

$SO is the governance token on SoSwap. The main reason for issuing $SO is to solve the impermanent loss problem caused by AMM, and to stimulate the liquidity of SoSwap in a disguised form.

$SO is different from other tokens in that there is no private placement, presale, and the team does not possess any coins. All coins are dug from zero.

The total issuance of $SO is 210,000. Such a rare quantity also helps the price of $SO to perform well. There are a total of 210,000 $SO, with an output of 0.05 pieces per minute and 72 pieces per day.

$SO Halving takes place every 2.1 million minutes (about 4 years with a margin of 40 hours of error).

How To Get $SO?

Providing liquidity is the main way to get it although users can make purchases in SoSwap as well. However in the early stages, there must be more $SO obtained through liquidity mining and the cost will be lower.

Note:You also need to stake your LP tokens after pledging liquidity. The steps are similar to Earn.

How To Stake LP Token?

There is something you have to know before staking.

• Which Farm you can stake depands on which pool's LP Token you have.One kind of LP Token can only be staked in the same kind of Farm.

• Every Farm names "Earn SO",the difference among the Farms is the logo and the character below the name(PCX-XBTC LP).

• "Earned" is equal to "SO EARNED",which shows the amount of $SO you can claim.

• "Share" is the percentage of the weight of the pool.

• "Your Staked" is the amount of LP Token you staked here.

• The function of "Rewards" is similar to "Share".It shows how much $SO will be allocated here.

The values of the parameters in the figure are not the actual values.Just in test environment.

Then you can see the balance of LP Token in corresponding Farm and choose the amount to stake.

If you wanna claim your $SO earned,just click "Claim" at any time. Besides,you can claim some or all of your LP token staked by clicking "Redeem".

What's The Weight Of Each Farm?

Here is the weight of earn Farm.It's different from what we said in the AMA, because there are more pools added.

Subsequent adjustment will be determined by the holders of $SO.

It shows the amount of $SO allocated in each pool per day for the current phase.

Now you can stake your LP Tokens in the Farms and wait for the $SO you earned.