Sonic, the Solana Virtual Machine chain dedicated to games and applications, is set to debut its native token SONIC on January 7. This fresh token is positioned to invigorate the gaming landscape on the Solana network.
Recently, on December 31, the Sonic team disclosed that during the token generation event (TGE), a substantial 57% of the total token supply will be allocated for the community. This allocation will encompass SONIC tokens earmarked for ecosystem development, initial claims, and rewards through the Sonic HyperGrid.
This announcement comes on the heels of Sonic’s plans to roll out airdrops of its native tokens to TikTok users. The SONIC token is designed to energize the game-centric blockchain and its multi-Solana Virtual Machine ecosystem.
With a total supply of 2.4 billion tokens, 15% of SONIC tokens will be made available right from the start during the TGE. Are you already feeling the excitement?
Moreover, the first snapshot for the initial SONIC claims was finalized on December 31, 2024. This crucial step enables an airdrop of 7% of the total supply for those eligible, with a handy eligibility checker accessible starting January 3.
The launch of the SONIC token marks a significant milestone in the Phase 1 roadmap of the Solana project. Looking ahead, Phase 2 will feature the mainnet alpha, support for Sonic X on Android and iOS platforms, and the integration of a token bridge. The team also has its sights set on introducing HyperGrid optimistic rollups and releasing Sonic Grid v2 in 2025.
Exciting news is also on the horizon regarding the token’s listings. The team intends to provide updates across various centralized exchanges and Solana-based decentralized exchanges through their social media channels.
As the countdown to January 7 begins, the anticipation surrounding the SONIC token is palpable, promising new opportunities for community engagement and growth within the Solana ecosystem. Keep your eyes peeled for what’s next!
