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WSOTE

Soteria Mutual launched with an initial 10,000,000 SOTE tokens. The below graph shows the SOTE token distribution. The SOTE token is bonded tightly with the internal economics of Soteria. On one hand, the price of SOTE reacts to the prevailing conditions and capitalisation levels; On the other hand, SOTE is distributed to reward active members for participating in risk assessment, claim assessment, and governance.

Membership rights are represented by SOTE tokens. All funds raised from token purchases belong to the members. Soteria uses a Continuous Token Model, also referred to as a bonding curve, which means SOTE can be purchased and redeemed directly through the platform. WSOTE is a 1-to-1 backed token that can only be generated by wrapping genuine SOTE. SOTE can only be traded among members, WSOTE is fully tradeable but can't be used at all within the Soteria platform.