Sonic to Unveil Native Token SONIC on January 7

The Solana Virtual Machine chain for games and applications, Sonic, is set to launch its native token, SONIC, on January 7. This development follows the announcement by the Sonic team on December 31, outlining the layer-2 chain’s token generation event on Solana.

Solana will host the token generation event, with 57% of the token’s total supply allocated to the community. This distribution will encompass SONIC reserved for the ecosystem, initial claims, and Sonic HyperGrid rewards. The total supply of SONIC tokens is capped at 2.4 billion, with 15% entering circulation during the token generation event.

SONIC Token Distribution and Airdrop

The snapshot for the initial SONIC claim was completed on December 31, 2024. This paves the way for an airdrop of 7% of the total supply for the initial claim. The community can access the eligibility checker starting January 3 to determine their eligibility for the airdrop.

Some key details about the SONIC token distribution and airdrop include:

  • 57% of the total supply allocated to the community
  • 7% of the total supply reserved for the initial claim airdrop
  • 15% of the total supply entering circulation during the token generation event
  • Eligibility checker available on January 3

Sonic’s Roadmap and Future Plans

The launch of the SONIC token is part of the Solana project’s phase 1 roadmap. Upcoming developments in phase 2 include the mainnet alpha, Sonic X Android and iOS apps support, and token bridge integration. The project also plans to target HyperGrid optimistic rollups and Sonic Grid v2 release in 2025.

SONIC will power the game-centric blockchain and its multi-Solana Virtual Machine ecosystem.

Listing on Centralized and Decentralized Exchanges

The Sonic team plans to announce the listing of the SONIC token across centralized exchanges and Solana-based decentralized exchanges via its social media channels.

Stay up-to-date with the latest news and developments in the world of cryptocurrencies and blockchain technology on Global Crypto News.

Post Views: 0