Thomas Daniels
The native currency of Sonic, a Layer-2 (L2) blockchain for games and decentralized applications built on top of Solana, will go live on January 7.
The Sonic team said in a December 31 update that 57% of SONIC’s total supply will be distributed to the community during the token generation event (TGE). This distribution includes Sonic HyperGrid awards, initial claims, and tokens designated for the ecosystem.
Sonic intends to airdrop 7% of the whole 2.4 billion SONIC supply to begin community involvement. On December 31, 2024, the airdrop eligibility snapshot was finished, and on January 3, an eligibility checker will launch. As part of a larger plan to include new users in its ecosystem, the airdrop seeks to draw in TikTok users.
15% of the entire token supply will go into circulation at the TGE. Sonic’s game-centric blockchain and multi-Solana Virtual Machine ecosystem will be powered in large part by the SONIC token, which will facilitate transactions and encourage platform expansion.
An important turning point in Sonic’s Phase 1 roadmap has been reached with the debut of SONIC. The next stages of the project will involve integrating a token bridge, supporting Sonic X apps for iOS and Android, and releasing its mainnet alpha. Sonic intends to launch Sonic Grid v2 and HyperGrid optimistic rollups by 2025.
According to the Sonic team, SONIC will be listed on decentralized exchanges headquartered on Solana as well as centralized exchanges. Sonic’s social media accounts will be used to make official announcements.
Sonic hopes to establish itself as a top Layer-2 gaming and application platform in the Solana ecosystem with this launch, using its strong tokenomics and ambitious development roadmap to spur innovation and adoption.
