Supersonic Finance: Cross-chain DeFi Solutions and Multi-chain Ecosystem

What is Supersonic Finance

Friends, today let's talk about a blockchain project called Supersonic Finance (abbreviated as SSN). You can think of it as a “super hub in the crypto world.” It mainly aims to do two things: one is SuperDEX, a decentralized multi-chain trading platform; the other is SuperSale, a multi-chain token launch platform.

Simply put, SuperDEX is like a “universal currency exchange.” Unlike the banks we usually see that only handle single-country currencies (such as only USD or EUR), it can simultaneously process various crypto assets from different blockchains (like Ethereum and Binance Smart Chain), allowing you to swap assets more conveniently and in a more decentralized way.

As for SuperSale, you can think of it as the “crowdfunding platform” or “incubator” of the crypto project world. If new blockchain projects want to issue their own tokens to raise funds, they can do so through SuperSale.

So, the core target users of this project are those who want to easily trade different crypto assets, as well as developers who wish to issue new tokens in a multi-chain environment.

Project Vision and Value Proposition

Supersonic Finance’s vision is to build “bridges” between multiple blockchains, providing cross-chain solutions. Their goal is to establish a comprehensive protocol and framework ecosystem, enabling products to be deployed and run on different blockchain platforms. Just like how we use WeChat on both Android and iPhone, Supersonic Finance hopes crypto assets can flow freely between different blockchains.

The core problem it wants to solve is the current limitation that many decentralized exchanges (DEXs) can only operate on a single blockchain. For example, Uniswap mainly runs on Ethereum, PancakeSwap mainly on Binance Smart Chain. Supersonic Finance aims to improve the efficiency and liquidity of digital asset swaps by integrating multiple blockchains (initially including Ethereum and Binance Smart Chain). They also place special emphasis on user privacy and anonymity, and are committed to providing sustainable products.

Compared to similar projects, Supersonic Finance’s differentiator is its “multi-chain” feature. It’s not satisfied with serving just one blockchain, but wants to become a “transportation hub” connecting different blockchains, allowing assets and projects to flow more smoothly.

Technical Features

Technically, Supersonic Finance mainly achieves cross-platform compatibility through “multi-chain smart contracts” and “decentralized applications (DApps).” Its SuperDEX platform aims to deliver the following key features:

• AMM (Automated Market Maker): This is a smart contract mechanism that allows traders to interact directly with liquidity pools, without the need for traditional buyer-seller matching.
• High Liquidity: Ensures users can buy and sell assets at reasonable prices at any time.
• High Speed: Improves transaction processing efficiency.
• Privacy Execution: Protects users’ transaction privacy to a certain extent.
• Trustless: Transactions are conducted directly on the blockchain, without needing to trust any intermediary.

The project’s development is divided into two phases:

• Kronos (Pre-product phase): In this phase, the project introduced an “automatic liquidity lock” mechanism, where each on-chain transaction incurs a 4% fee, of which 2% is automatically added to the liquidity pool to help stabilize the platform. There is also an “auto-earn (redistribution)” mechanism, where users holding SSN tokens receive proportional rewards from 2% of the transaction fees, encouraging long-term holding.
• Zeus (Product phase): The focus of this phase is the launch and development of SuperDEX, the multi-chain decentralized exchange mentioned earlier.

As for the consensus mechanism, since Supersonic Finance is a DeFi project built on existing blockchains (such as Ethereum and Binance Smart Chain), it directly utilizes the consensus mechanisms of these underlying blockchains to ensure transaction security and validity.

Tokenomics

The token of Supersonic Finance is SSN.

Token Basic Information

• Token Symbol: SSN
• Issuing Chain: Mainly runs on Ethereum and Binance Smart Chain, due to its multi-chain nature and listing on Pancakeswap (a DEX on Binance Smart Chain).
• Maximum Supply: According to CoinMarketCap and Crypto.com, SSN’s maximum supply is 995.8 trillion (995,800,000,000,000) SSN. Other sources show a total supply of 1 quadrillion (1,000,000,000,000,000) SSN.
• Inflation/Burn Mechanism: The project plans to burn 25% of service revenue, meaning a portion of tokens will be permanently removed to reduce total supply—this is a deflationary mechanism.
• Current and Future Circulation: According to CoinMarketCap and BitDegree, the current circulating supply of SSN is 0, with a market cap of 0, and the CoinMarketCap team has not verified its circulating supply. This suggests the project may be in an early stage or has low activity.

Token Utility

SSN tokens play multiple roles within the Supersonic Finance ecosystem:

• Governance: SSN holders can participate in project decision-making and vote on future directions.
• Payment: Certain operations within the platform may require SSN as a payment method.
• Fees: Launching projects or processing requests on SuperSale requires SSN as a fee.
• Holder Rewards: As an incentive for SSN holders, they can receive a portion of transaction fees as rewards.

Additionally, Supersonic Finance plans to develop a secondary token called Hypersonic token for investors to use on Ethereum and Binance Smart Chain networks.

Team, Governance, and Treasury

Core Members and Team Features

The Supersonic Finance team consists of two founders:

• Jin: Serves as CEO and software engineer.
• Harsha: Serves as CTO, a versatile engineer with extensive experience in product engineering and supply chain fields.

The team is characterized by its engineering background, especially in product development and cross-disciplinary experience.

Governance Mechanism

The project’s governance mechanism is decentralized, with SSN tokens used for product governance. This means SSN holders have decision-making power and can participate in voting on the project’s future development and major matters, aiming to empower users.

Treasury and Funding

Currently available information does not detail the size of the project’s treasury or its runway.

Roadmap

Here are some key milestones and future plans for the Supersonic Finance project:

Historical Milestones

• 2021: Supersonic Finance platform and its products launched.
• Kronos Phase: The project introduced “automatic liquidity lock” and “auto-earn (redistribution)” mechanisms, laying the foundation for early platform development.
• May 1, 2021: SSN token listed for trading on Pancakeswap.
• Zeus Phase: The project began focusing on the development and launch of SuperDEX.
• HotBit Listing Arrangement: The project has reached a listing agreement with HotBit exchange, planning to launch the SSN/USDT trading pair.

Future Key Plans

• Develop Secondary Token: Plans to launch a secondary token called “Hypersonic token” for investors on Ethereum and Binance Smart Chain networks.
• Expand Multi-chain Integration: Further integrate more blockchains beyond the current Ethereum and Binance Smart Chain.
• Improve Ecosystem: Continue developing and refining its “all-in-one” ecosystem to provide more comprehensive services for DeFi users and developers.

Common Risk Reminders

Investing in any blockchain project comes with risks, and Supersonic Finance is no exception. Here are some common risks to be aware of:

Technical and Security Risks

• Smart Contract Vulnerabilities: As a DeFi project, its smart contracts may have undiscovered vulnerabilities, which, if exploited, could lead to loss of funds.
• Cross-chain Risks: Multi-chain projects may have security risks in bridge technology during asset transfers.
• Platform Stability: The stability, speed, and security of decentralized exchanges and launch platforms require ongoing technical investment and maintenance.

Economic Risks

• Insufficient Liquidity: Based on current information, SSN’s circulating supply and market cap are both 0, and it is marked as “untracked.” This means its liquidity is extremely low, making trading difficult and price volatility very high.
• Market Competition: The DeFi sector is highly competitive, with many established decentralized exchanges and launch platforms. Supersonic Finance needs to prove its unique competitive advantage.
• Token Price Volatility: The crypto market is highly volatile; SSN token price may be affected by market sentiment, project progress, and overall crypto market trends.
• Information Inconsistency: There are slight discrepancies in maximum and total supply data, which may cause market confusion.

Compliance and Operational Risks

• Regulatory Uncertainty: Global regulatory policies for cryptocurrencies are still evolving, and future policy changes may impact project operations.
• Project Activity: The project is marked as “untracked,” possibly due to insufficient activity or incomplete data. This may indicate low development or community engagement, posing a risk of abandonment.
• Team Transparency: Although two founders are disclosed, information on overall team size, background, and development progress is not transparent enough, which may increase investment risk.

Please note: The above risk reminders are not investment advice. Any investment decisions should be based on your own independent research and risk tolerance.

Verification Checklist

When researching a project in depth, here are some key pieces of information you can verify yourself:

• Block Explorer Contract Address: You can search for the SSN token’s contract address on Binance Smart Chain (BSCScan) and Ethereum (Etherscan) block explorers to view its on-chain activity, number of holders, and transaction records.
• GitHub Activity: Check the project’s GitHub repository to see code update frequency and developer contributions, which reflect actual development progress.
• Whitepaper: Try to find and carefully read the full Supersonic Finance whitepaper for more detailed project vision, technical details, and economic model.
• Official Website and Social Media: Visit the project’s official website and social media channels (such as Twitter, Telegram, Discord) to learn about the latest announcements, community discussions, and project updates.

Project Summary

In summary, Supersonic Finance is a DeFi project aiming to build a multi-chain decentralized trading platform (SuperDEX) and a multi-chain token launch platform (SuperSale). Its core value proposition is to solve the limitations of current single-chain DEXs, enhancing crypto asset liquidity and trading efficiency through cross-chain technology. The project plans to use the SSN token for community governance and value capture, and has introduced automatic liquidity locking and holder reward mechanisms.

However, based on currently available information, the circulating supply and market cap of SSN tokens are both 0, and the project status is marked as “untracked,” indicating very low market activity and possibly stagnation. Although the project’s vision sounds attractive, be sure to conduct thorough due diligence and fully understand its technical, economic, and operational risks, especially given the current lack of project activity. This is not investment advice; please do your own research (DYOR).