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- 🚀 Gate $PUMP Futures Trading Challenge is Now Live!
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Announcement link: https://www.gate.com/announcements/article/47104 - 🌕 Gate Square · Mid-Autumn Creator Incentive Program is Now Live!
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Sonic upgrades tokenomics, issuing 633.9 million new S tokens.
Golden Finance reports that Sonic Labs is launching a tokenomics adjustment to support its expansion and institutional adoption plans in the United States. Relevant details were released by Tokenomist on September 7 on the X platform, outlining the new issuance and supply dynamics following the governance proposal that was nearly unanimously passed on August 31. According to Tokenomist, Sonic will issue 633.9 million new S tokens, worth approximately $196.5 million. The distribution plan is divided into three categories: 150 million coins for Sonic's business operations in the United States; 322.6 million tokens reserved for a Nasdaq private equity investment tool, locked for at least three years; 161.3 million Tokens are designated for future ETF projects in collaboration with BitGo custody.