Sonic announces token economics, providing 6% of the initial total supply for airdrops
Sonic Labs has released a Litepaper, mentioning that in order to expand Sonic to new levels, the team is introducing token economics based on successful community governance proposals. The key points are as follows: - At official launch, the circulating supply of S will be approximately 2.88 billion, with a total supply of 3.175 billion, equivalent to FTM's supply. - Six months after launch, the network will air-drop 6% of the initial total supply to reward Opera and Sonic users; ownership will occur within nine months after the air-drop; - Six months after launch, this network will mint 1.5% of the initial total supply each year for six years to fund growth and destroy any unused tokens. - Starting four years after Sonic's launch, there will be an annual inflation rate of 1.75% to reward validators.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CITIC Securities: Focus on Stablecoin Issuers with High Approval Certainty
Suspected Cumberland Deposits 14,000 ETH to CEX
A Whale Swaps $11.42 Million Worth of SOL for JitoSOL for Liquid Staking
Trending news
MoreCrypto prices
More








