Sonic announces $SONIC: token launch scheduled for January 7th

The long-awaited $SONIC token generation will take place on January 7th, marking a key milestone in the Sonic gaming ecosystem. This event will boost the platform with utilities such as staking, governance, and in-game payments.

The Launch of $SONIC

Sonic, Solana Virtual Machine (SVM)'s first atomic layer-2 solution, is set for a major step into the blockchain gaming ecosystem. On January 7th, Sonic will hold the TGE of $SONIC, its native token, designed to supercharge its platform and expand its technological possibilities. This launch underscores Sonic's commitment to redefining gaming on the blockchain.

The $SONIC token will have a total supply of 2.4 billion and an initial circulating supply of 15%, promoting a balanced distribution that will support the growth of the ecosystem and the HyperGrid framework, which serves as the foundation for Sonic and other SVM applications.

TGE Key Details

The $SONIC TGE follows a well-defined timeline:

• Snapshot date: December 31, 2024.

• Initial claim: January 7, 2025 at 10:00 AM UTC.

• TGE start: January 7, 2025 at 12:00 PM UTC. UTC.

• Claiming deadline: January 30, 2025.

Tokens can be claimed via centralized (CEX) and decentralized (DEX) exchanges on the Solana network. Specific claiming platforms will be announced on Sonic's official channels.

X Official

Discord Official

Eligibility and airdrop

Sonic has allocated 7% of the total supply of $SONIC (168 million tokens) to reward early adopters and encourage community participation. Eligible categories include:

• Sonic AVS Delegators: Participants who staked eligible SOL or Liquid Staking Tokens.

• Odyssey Campaign: Users holding Odyssey Pass NFTs after completing tasks on Sonic networks.

• SonicX Users: Players who participated in the TikTok campaign.

• Mirror NFT Holders: Rewards proportional to the number of NFTs owned.

• Leaderboard: Top 500 registered users on the World Store.

Claiming Options

Eligible users can choose between two plans to claim their tokens:

1. Claim 60% immediately, with the remaining 40% vested over six months, plus a 140% bonus on the vested amount.

2. Claim the full amount immediately.

Unclaimed tokens will be redirected to the community incentive fund for future growth efforts.

$SONIC Utility

The $SONIC token offers several key functions within the decentralized ecosystem:

• Payment Currency: For in-game purchases on Sonic SVM.

• Staking Rewards: Incentives for those who participate in strengthening the network.

• Governance: Voting rights to influence the future of the platform.

• Validator Delegation: Support for the HyperGrid State Network (HSSN).

Get ready to participate in this exciting milestone of the Sonic ecosystem. Check your airdrop eligibility, claim your tokens, and explore the staking, governance, and rewards opportunities offered by $SONIC. Follow the official Sonic channels for more updates and join the movement that is transforming blockchain gaming.

January 7 is just the beginning of what Sonic has in store!

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