Sonic SVM has officially launched its native token $SONIC, marking a significant milestone in blockchain innovation. Designed as a foundational element of the Sonic SVM ecosystem, $SONIC is intended to improve application functionality and gaming experience while supporting the upcoming multi-SVM launch based on Sonic’s HyperGrid framework.
Promoting blockchain-based games and Web3 applications
As the first SVM chain deployed on Solana, Sonic SVM brings transformative features to the gaming industry. Its HyperGrid framework enables the creation of rollups for Solana, enabling faster and more scalable transactions across the ecosystem. These innovations position Sonic SVM as a major disruptor in the blockchain-based gaming sector.
At the heart of the ecosystem is SonicX, the first Web3 application layer, which is likened to a decentralized version of TikTok. SonicX provides a seamless platform for users to consume, create and interact with content in a decentralized manner. The $SONIC token plays a crucial role in this experience, driving engagement and improving the functionality of this scalable platform.
Token distribution and utility
The $SONIC token has a carefully structured six-year distribution plan with a total supply of 2.4 billion tokens. The Sonic SVM community will gain access to 57% of the total supply, split between 30% for the broader ecosystem and community development, 20% for rewards within the Sonic HyperGrid system and 7% for initial claim. This distribution aims to promote ecosystem growth and encourage community engagement through various incentives.
announcement $SONICthe native token for…
