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Sonic SVM Tokenomics Revealed: SONIC Token Generation Event on January 7, 2025

The highly anticipated tokenomics for Sonic SVM has been revealed, providing a detailed overview of the token distribution and allocation. As part of this announcement, the team has also confirmed that the Token Generation Event (TGE) will take place on January 7, 2025.

In total, there are over $billion tokens to be distributed, with a significant portion set aside for the community. An impressive 57% of the initial token supply will be allocated to the community, demonstrating Sonic SVM’s commitment to inclusivity and democratization of their ecosystem.

It is essential to note that this allocation includes:

* 30% for ecosystem and community development
* 7% for initial claims
* 20% for rewards in the HyperGrid

The TGE on January 7, 2025, will mark the first wave of token distribution, releasing 15% of the total supply. Following this event, tokens will be distributed over a period of six years, with the majority going to the community.

During the initial 12-18 months after the TGE, team and investor tokens will remain locked, meaning they are unavailable for staking or other ecosystem uses. Users who were eligible for initial claims can verify their eligibility starting January 3, 2025, using a tool provided by the Sonic SVM team.

Additionally, those interested in obtaining SONIC tokens should take note of the ongoing SonicX airdrop event on TikTok, which will remain open until January 6, offering an opportunity to participate and acquire these tokens.

The SONIC token plays a crucial role within the ecosystem, enabling users to make payments, stake, and participate in governance. Its integration with Web3 applications like SonicX, set to launch in early 2025, positions it as a key driver for expanding this ecosystem.

This significant community-driven tokenomics approach demonstrates Sonic SVM’s dedication to empowering its users and fostering growth through shared ownership.

Source: crypto-economy.com