Sonic Labs plans to upgrade S token economics and has released 4 related governance proposals

PANews reported on December 24 that Sonic Labs published a statement on X stating that it is improving Sonic through upgraded token economics, which is determined by 4 governance proposals on Fantom, including an airdrop of approximately 200 million S.

At launch, the circulating supply of S is approximately 2.88 billion, with an initial total supply of 3.175 billion, allowing migration at a 1:1 ratio; six months after launch, the network will use a unique 9-month linear destruction mechanism to mint 6% of the initial total supply to extend the airdrop activity to reward users/developers; in addition, six months after launch, the network will begin to mint 1.5% of the initial total supply each year for 6 years to fund growth, and destroy unused S each year to ensure effective use; starting four years after launch, the network will mint 1.75% each year to permanently reward validators. All unused ecological growth tokens will be accounted for and destroyed annually.

S’s maximum expansion is capped at 15% (excluding block rate rewards) until 2031, and multiple destruction mechanisms are expected to significantly reduce expansion during this period.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
Gate will launch spot and instant trading of Warden Protocol (WARD).
PANews Newsflash