Sonic Labs Launches Sonic Boom Rewards Program
2024-08-21Bittime - Sonic Labs, previously known as Fantom, announced the launch of a new rewards program called Sonic Boom Rewards. Read this article to find out more!
Detail of Sonic Boom Rewards Program
The Sonic Boom program focuses on various categories, such as loans, NFTs, tools, payments, stablecoins, yields, gaming, exchanges, DePIN, AI, and sports communities.
In this program, selected projects will be divided into 3 levels based on quality and potential, namely Emerald, Sapphire and Ruby.
Each of these levels will have up to 10 winners, who will receive a share of the total $S190.5 million airdrop.
As much as 37.5% of the airdrop amount will be allocated to Gems holders, which shows how important their role is in the Sonic Labs ecosystem.
Read Also: Fantom Officially Changes Name to Sonic Labs
Sonic Boom Rewards Selection Process
Sonic Labs has established evaluation criteria, including project concept, execution, impact, and strategy points.
In addition, projects wishing to participate in the program must meet several technical requirements.
One of them is that the project must be implemented on the upcoming Sonic testnet and launched within 7 days of the mainnet launch.
Announcement of Sonic Boom Rewards Winners
Projects interested in participating in the Sonic Boom program should prepare their applications immediately. The deadline for application submission is November 1, 2024. Once all applications are received, Sonic Labs will review each project and announce the winner on November 4, 2024.
Read Also: Filecoin Launches Second Round of FIL RetroPGF Program in Q4 2024
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