PANews reported on May 19 that according to Chainwire, Solana's ecological expansion chain Sonic SVM announced a major upgrade to its token economic model and launched a SONIC token value accumulation mechanism. The new design replaces the previous destruction model and adopts a strategic buy-and-lock system designed to create long-term value for token holders. Under the new mechanism, 50% of all transaction fees that were previously destroyed will be used to purchase SONIC tokens from the open market. These purchased tokens will be locked in a dedicated vault and unlocked according to a 24-month linear vesting schedule to create buying pressure and reduce the circulating supply. The updated mechanism also adopts a new treatment for SONIC token fees (accounting for 12.5% of total transaction fees): SOL collected in the form of SONIC fees will be staked on the Solana mainnet, staking rewards will be paired with monthly vested SONIC tokens, these pairs will form a liquidity pool on the Sonic SVM mainnet, and liquidity providers on the Sonic SVM mainnet will receive additional incentives.
Sonic SVM launches SONIC token value accumulation mechanism, replacing destruction mode with strategic buy-and-lock system
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Author: PA一线
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