Key Takeaways:
- 30,000,000 SOMI (3% of supply) allocated to Binance HODLer Airdrops for eligible BNB users.
- Listing Sept 2, 14:30 UTC with pairs vs USDT, USDC, BNB, FDUSD, TRY; initial float ~160.2M SOMI (16.02%).
- SOMI is an EVM-compatible L1 targeting mass-market apps (gaming/entertainment), with multi-chain contract addresses and zero listing fee.
Binance has added Somnia (SOMI) as the 35th HODLer Airdrops project and confirmed a spot listing on September 2. Users who subscribed BNB to Simple Earn (Flexible/Locked) or On-Chain Yields during Aug 12–15 (UTC) qualify for retroactive SOMI rewards, credited at least one hour before trading opens.
Below is what crypto users need to know: eligibility, timelines, token mechanics, and ecosystem context without the fluff.
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Airdrop Mechanics and Eligibility
- Qualification window: 2025-08-12 00:00 (UTC) → 2025-08-15 23:59 (UTC).
- How it’s computed: Binance takes multiple hourly snapshots of users’ BNB balances in Simple Earn (Flexible/Locked) and/or On-Chain Yields; rewards are calculated from historical snapshots within the stated periods.
- Distribution: Airdrop information is expected within ~24 hours of the announcement; SOMI is distributed to Spot accounts ≥1 hour before trading.
- Hard cap per user: User’s Average BNB Holding / Total Average BNB Holding ≤ 4% (anything above counts as 4%).
- Account requirements: KYC completed and eligible jurisdiction status.
- Minimum balance rule: At any snapshot, at least one supported BNB-based asset > 0.01 BNB to be counted.
Important exclusions (non-exhaustive): Users in Australia, Canada, Cuba, Crimea, Cyprus, Hong Kong, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, UK, USA (and its territories), and non-government-controlled areas of Ukraine are not eligible to participate via BNB Simple Earn/On-Chain Yields. Binance notes the list can change as local rules evolve.
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Listing Timeline, Markets, and Tools
- Deposits open: 2025-09-01 11:00 (UTC).
- Spot listing: 2025-09-02 14:30 (UTC) with USDT, USDC, BNB, FDUSD, TRY pairs; Seed Tag applies.
- Alpha flow: SOMI appears on Binance Alpha pre-listing, then is delisted from Alpha after spot goes live (users can still view balances and transfer to Spot; Binance also auto-transfers within 24 hours).
- Trading features: Spot Algo Orders enabled at listing; Trading Bots & Spot Copy Trading within ~1 hour (users can toggle pairs in Personal Pair Preference).
- Convert & Buy Crypto: Within ~1 hour of listing, users can Convert SOMI at zero fees and buy via cards (Visa/Mastercard) and supported payment methods.
- Margin & Futures: SOMI/USDT and SOMI/USDC available on Cross/Isolated Margin at 14:30 (UTC). USDⓈ-M SOMI Perpetual transitions from pre-market to standard contract around listing time; max leverage 50x, funding every 4 hours, capped ±2.00% at launch.
Zero listing fee: Binance discloses a $0 listing fee for SOMI.
What Is Somnia (SOMI)?
Somnia positions itself as an EVM-compatible Layer-1 built for high-throughput, consumer-grade experiences, notably gaming, entertainment, social/metaverse – where low latency and cost matter.
Network/contract references:
- BNB Smart Chain: 0xa9616e5e23EC1582c2828B025bEcf3Ef610e266F
- Ethereum: 0x1B0F6590d21dc02B92ad3A7D00F8884dC4f1aed9
- Base: 0x47636b3188774a3E7273D85A537b9bA4Ee7b2535
- Explorer: Somnia Explorer (as referenced by Binance)
Somnia materials highlight performance claims from devnet/testnets, including sub-second finality, 1.05M TPS stress tests, an ICEdb custom database with 70–100 ns read/write, and a MultiStream (Multistream) Consensus design. They also cite compression and sequential execution choices intended to improve throughput and predictability during high-density traffic – key for real-time apps.
As with any throughput claim, treat benchmarks as project-reported; production conditions can differ from lab tests. For traders, what matters near term is exchange support, liquidity, and ecosystem integrations.
Tokenomics at a Glance
- Ticker: SOMI
- Max/Total supply: 1,000,000,000 SOMI
- Circulating at listing: ~160,200,000 SOMI (16.02%)
- Airdrop allocation: 30,000,000 SOMI (3.00%) via HODLer Airdrops
- Use cases (per project docs): gas, staking (validator/delegation), and future governance
Design notes (per project docs):
- Deflationary elements: burns 50% of gas; validator rewards drawn from a fixed 10% of supply (no perpetual inflation).
- Discounting under load: gas/unit cost can decrease as throughput rises; time-based storage tiers for cheaper short-lived state.
- DDoS guardrails: dynamic gas scaling tied to block latency targets.
The unlocks and allocations (community, ecosystem, team, investors, advisors, launch partners) are staggered in relation to the first TGE releases, monthly unlocks, and one-year cliffs on some groups according to the project documentation.
