SONIC Token Introduced by Sonic Foundation as Mainnet Approaches

Ahead of the mainnet launch of Sonic, the first SVM-based blockchain, its foundation disclosed the details of its tokenomics and unveiled one last opportunity to become eligible for an upcoming airdrop.

The Sonic Foundation has announced the details of its tokenomics ahead of the mainnet launch of Sonic, the first SVM-based blockchain. The foundation has also disclosed one last opportunity to qualify for an upcoming airdrop.

As per an official statement by the Sonic Foundation, 360 million SONIC tokens will enter circulation immediately upon TGE. The token will have a net supply capped at 2.4 billion SONIC. Fifty-seven percent of SONIC will be allocated to the Sonic SVM community, including tokens reserved for ecosystem and community development, initial claims and Sonic HyperGrid incentives.

Announcing $SONIC, the native token to power Sonic and the multi-SVM ecosystem.

57% of $SONIC is allocated to the Sonic SVM Community, including tokens reserved for Ecosystem & Community, Initial Claims, and Sonic HyperGrid Rewards.

Learn more about the Sonic token to rule them… pic.twitter.com/2fJyLVLbGX

The foundation stated that ecosystem and community development programs will offer grants for game studios and dApp developers building within the Sonic SVM ecosystem. Additionally, 7% of SONIC is reserved for exclusive airdrops, rewarding top contributors from the Sonic AVS delegation, Sonic Odyssey, SonicX, HyperFuse Observer Node holders and early supporters of Mirror World and World Store.

Twenty percent of SONIC will be distributed equally between validator node operators and observation node operators contributing to the security of the network.

Lastly, 8% of SONIC tokens will be allocated to early supporters who backed Sonic's vision in the early stages, providing initial funding and helping shape the foundation of the project. Tokens will be subject to a 12-month cliff, followed by a 24-month linear vesting schedule.

The SONIC token generation event will take place on Jan. 7, 2025. The token will be available on CEXes and DEXes, with the full list to be shared on Sonic Foundation's social media pages.

The SONIC Initial Claim Snapshot was completed on Dec. 31, 2024. Seven percent of the total $SONIC supply has been allocated for the Initial Claim. The eligibility checker goes live on Jan. 3.

https://t.co/BA1Pp3edY7

Meanwhile, the team has announced that there is one last chance to qualify for the SONIC airdrop until Jan. 6. Users are encouraged to log in to SonicX via TikTok to qualify for the upcoming token distribution.