Sonic Unveils Token Economics, Provides 6% of Initial Total Supply for Airdrop
Sonic Labs has released a Litepaper, which mentions that in order to take Sonic to new heights, the team is introducing token economics based on successful community governance proposals. The key points are as follows:
-When officially launched, the circulating supply of S will be about 2.88 billion, with a total supply of 3.175 billion, which is equivalent to FTM's supply.
-Six months after launch, the network will provide 6% of the initial total supply for airdrops to reward Opera and Sonic users, with attribution within 9 months after the airdrop.
-Six months after launch, the network will mint 1.5% of the initial total supply per year for six years to fund growth and destroy any unused tokens.
-Starting four years after Sonic's launch, the annual inflation rate will be 1.75% to reward validators.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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