# \[July 23] Announcement of Socrates SOC Contract Upgrade To the Socrates community, Thank you for your continued support and trust in the Socrates project. To further upgrade our project planning, meet the growing market demand, and drive project development, we are planning to adjust the total issuance of our SOC token and provide a compensatory airdrop to our SOC holders. We will take a snapshot at 08:00 (UTC+0) on 31 July, 2024. SOC holders will receive a compensatory airdrop equivalent to 99 times their current holdings to ensure that the value and proportion of their total assets remain unaffected. The airdrop will be completed within two days after the snapshot.This airdrop is supported by the BingX, BitMart, and LBank exchanges. Functionalities such as deposit, withdrawal, and trading will be temporarily suspended until the airdrop is completed. Please refer to the announcements from each exchange for the specific time and restrictions. SOC Token information: * Blockchain: Ethereum * Token symbol: SOC * Token decimal: 18 * Token contract address: [0x3250577E12b9469915C1Fa3a71C22817Ca44C4D9](https://etherscan.io/address/0x3250577E12b9469915C1Fa3a71C22817Ca44C4D9) * Current circulating supply: 5,830,000 SOC * Current max. issuance: 100 million SOC, proposed adjustment to 10 billion SOC * Post-compensation circulating supply: 583,000,000 SOC Thank you again for your understanding and continued support. Socrates team --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.socrates.com/main/welcome/our-latest-announcement/july-23-announcement-of-socrates-soc-contract-upgrade.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.