SONIC SVM Unveils Tokenomics Details: Community-Driven Approach Pioneers Sustainable Growth
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Sonic SVM Tokenomics Revealed: SONIC Token Generation Event on January 7, 2025
In a recent announcement, the team behind Sonic SVM has revealed its token distribution plan and timeline. The tokenomics outline details the allocation of SONIC tokens, which will be used for various purposes within the ecosystem.
According to the plan, 57% of the total supply will go to the community. This is a significant move that aims to empower the users of the Sonic SVM platform, allowing them to participate in its growth and development.
30% of the tokens are earmarked for ecosystem and community development, which includes initiatives aimed at promoting adoption, improving the user experience, and fostering innovation within the space.
A smaller allocation of 7% has been designated for initial claims. The team has taken a snapshot of the token distribution as of December 31, 2024, to determine eligibility for these claims. A tool will be made available on January 3, 2025, for users to verify their status and claim their tokens.
The remaining allocation includes 20% for rewards within the HyperGrid framework and 6% for ecosystem growth and development.
Regarding the token generation event (TGE), Sonic SVM has scheduled it for January 7, 2025. This marks a significant milestone in the project’s history as it will unlock 15% of the initial SONIC supply, paving the way for further distribution over the next six years.
It is worth noting that most tokens allocated to the team and investors will remain locked for the first 12-18 months, rendering them ineligible for staking or any other use within the ecosystem during this time. This ensures a fair distribution of the rewards across all participants in the ecosystem.
The community-driven tokenomics strategy aims to foster a strong sense of ownership and collaboration among users, which is essential for long-term growth and success.
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Source: crypto-economy.com
