Token Generation Event Scheduled for Sonic SVM’s Native Token on January 7, 2025: Key Details Revealed
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**Sonic SVM Tokenomics Revealed: SONIC Token Generation Event on January 7, 2025**
The highly anticipated token generation event (TGE) for Sonic SVM’s native token, $SONIC, has been revealed. The TGE is set to take place on January 7, 2025.
In a recent update, the team behind SonicX and its related ecosystem have disclosed their tokenomics strategy, shedding light on how they plan to allocate their initial supply of tokens.
According to the latest information, the distribution will be as follows:
* **57%**: allocated to the community
The majority of these community-allocated tokens will be distributed over a period of six years, with most going out in the first 12-18 months. The team and investors will have locked tokens for the initial period, which won’t be eligible for staking or any other use within the ecosystem.
* **30%**: allocated to ecosystem and community development
This significant allocation underscores Sonic SVM’s commitment to building a strong foundation for its decentralized applications and gaming infrastructure.
* **7%**: allocated for initial claims
A snapshot of the $SONIC supply was taken on December 31, 2024, determining which users are eligible for these claims. Users will be able to verify their eligibility starting January 3, 2025, using a tool provided by the team.
* **20%**: allocated for rewards in the HyperGrid
The SonicX ecosystem’s success is expected to be fueled by the introduction of the SONIC token and its various use cases, such as payments, staking, and governance.
It’s essential to note that the TGE marks a significant milestone for the team, and the allocation strategy demonstrates their dedication to creating a strong foundation for the project’s growth and success.
Source: crypto-economy.com
