Sonic Launches Litepaper and Announces Sonic Tokenomics!

Bittime - Sonic Labs, previously known as Fantom, has launched Litepaper and announced Sonic tokenomics. 

This article will discuss tokenomics Sonic, including airdrop details, total token supply, as well as Sonic's plans for the next few years. Read this article to find out more!

Sonic Tokenomics: S Token Supply

Through the litepaper, Sonic Labs announced Sonic tokenomics including the circulating supply of S tokens will hit 2.88 billion, with a total supply of 3.175 billion token. 

With a relatively large token supply from the start, Sonic has the potential to have a significant impact in the blockchain ecosystem.

Even though this amount is quite large, Sonic Labs has also prepared a mature strategy to control inflation and prevent oversupply, which is often a problem in many crypto projects.

Read Also: Sonic Mainnet Ready to Open to Public in December 2024 

Sonic Tokenomics: Airdrop for Users

One of the Sonic tokenomics discussed in Litepaper is a plan airdrop which will be carried out 6 months after launch. This Sonic Airdrop will distribute 6% of total initial supply to Opera and Sonic users. 

However, not all tokens distributed via the Sonic airdrop will be immediately available to users. Sonic Team has announced that there will be a future vesting for 9 months after the airdrop. 

This aims to prevent mass sales of tokens that could cause significant selling pressure in the market, while encouraging long-term participation from the community.

Sonic Tokenomics: Token Burning Plan

In addition to token supply and airdrops, Sonic tokenomics also introduces a long-term financing mechanism. Six months after launch, Sonic will print 1.5% of total initial supply annually for 6 consecutive years. 

These minted tokens will be used to fund the growth of the Sonic ecosystem, such as technology development, community expansion, and incentives for developers and validators.

However, to overcome the risk of inflation that could weaken the value of the token, tokens that are not used in the program will grow destroyed. So, every token minted must be used effectively, or it will be taken out of circulation.  

Sonic Tokenomics: Inflation and Validator Reward

One thing that is no less important in Sonic tokenomics is the reward for validators who maintain network security and reliability. 

Starting from the fourth year after launch, Sonic will apply an inflation rate of 1.75% per year for validator rewards. This policy is to maximize network security without creating significant inflationary pressure in the market. 

This way, validators will still get decent incentives, while users and investors won't have to worry about the token value dropping drastically due to inflation.

Read Also: Sonic Airdrop: Get 200 Million $S Tokens By Playing Sonic Arcade 

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