Sonic SVM announces token economics: total supply 2.4 billion, 57% allocated to the community

Sonic SVM has announced the SONIC token economics of its native token, which will serve as the native token for the Sonic SVM and Multi-SVM ecosystems, driving long-term growth and development. The total supply is 2.4 billion, with 57% allocated to the community, including community and ecological development (30%), initial claims (7%), and HyperGrid rewards (20%). The TGE is scheduled for January 7, 2025, with the initial circulation accounting for 15% of the total supply. The eligibility verification tool for the initial claim plan will go live on January 3, and users can use the tool to verify if their wallet meets the claim requirements. Meanwhile, the SonicX TikTok airdrop event will continue until January 6, providing more users with the opportunity to obtain SONIC.