Thread by @cyrilXBT

Soonaverse is a project often spoken about in the #Iota community.

Today I decided to do a deep dive to uncover what soonaverse is building

Here's everything you need to know about @soon_labs

#Iota #Shimmer #soon @soon_labs

So I heard all of your requests to write on Soonaverse.

I will be dissecting this great project in this thread

Let us dive in

What I will be covering in this thread:

•Soonaverse
•Soonaverse Shimmer Launch
•The Full Power of Shimmer
•Cross Network Trading

The Soonaverse has always been a place to experiment with cutting-edge, decentralized technologies.

Every new market cycle introduces industry-changing concepts, such as PoW, PoS, tokenization, DID, DAOs, DeFi, etc.

Every new adaption spreads like wildfire throughout the sector, opening up new opportunities.

Soonaverse takes satisfaction in being able to keep up with the rapid rate of change that characterizes the cryptocurrency sector.

The entire platform was created with the versatility needed to respond swiftly to these dynamic circumstances.

According to Soonaverse, some of these new capabilities will be expanded upon and the core of #IOTA and #Shimmer innovation will take place on the base layer (L1).

Soonaverse Shimmer Launch

The IOTA Foundation is approaching its most ambitious milestone to date after years of rigorous advancement and study.

The introduction of Shimmernet is the result of YEARS of cooperation between the Foundation and the #IOTA ecosystem, and it is an important step toward decentralization.

Dev update and scheduled downtime: Day One features

The Soonaverse's DAY ONE Shimmer launch features, as previously announced, will consist of:

💎 Shimmer Token Exchange

💎 MIOTA / SMR pair

💎 SMR / Native Tokens pair

💎 Full Shimmer integration for NFT Marketplace

The Full Power of Shimmer

They work closely with the IF as the sole Exchange & Financial Services Partner and IOTA Solutions Partner.

They were able to develop the entire infrastructure and integrate with Shimmer in their test environment thanks to this collaborative partnership, which started in May.

Having developed substantial tooling to facilitate quick delivery and smooth expansion. Thanks to this scalable connectivity, you can now easily expand features.

Cross Network Trading

IOTA can be purchased using SMR or IOTA may be purchased with SMR.

These bids and asks are simply matched across networks.

The system's functioning hasn't altered significantly, other than the fact that trades can now be completed across totally different networks because they are fully linked to the platform.

The goals of soonaverse

The Soonaverse is dedicated to laying the groundwork for institutions that support personal sovereignty and DAOs, in which every person and community has the right to vote.

-By leveraging trust and reputation, The Soonaverse will eliminate the "dysfunction from decentralization" and guide communities toward their higher selves.

-In order to emphasize the desires of DAOs and their communities, The Soonaverse develops fair solutions for proposal handling. We think that members should present their arguments, ask for votes, and let the best ideas prevail.

-they will continue to make an effort to be a hub for innovation and experimentation, but not at the expense of their members.

-Soonaverse will value openness and truth in all approaches, particularly while switching from centralized to decentralized systems.

-The #SOON token is integrated into the very structure of the system and serves as a way of platform governance.

In particular, when it comes to voting, they try to eliminate expenses whenever feasible.

-To fund and sustain the platform, the ecosystem, its users, and the DAOs they are building, they will develop tokenomics.

That’s it for now. I will soon do a complete breakdown of Soonaverse and all its new updates and features. Stay tuned to this space

Alright , that's it for #soon

If you'd like to keep up to date with time-sensitive opportunities then follow @cyrilXBT

Also every Thursday I write the communities top voted project. 🧪

Everyone deserves FREE impactful knowledge.📚

What's your opinion on #soon? What did I miss?

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