Sonic SVM launches SONIC token value accumulation mechanism, replacing destruction mode with strategic buy-and-lock system

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.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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