December 18, 2024 – George City, Cayman Islands
Sonic Labs at the moment introduced the launch of the Sonic mainnet, an EVM-compatible layer-one blockchain platform that provides builders engaging incentives and highly effective infrastructure.
With 10,000 TPS (transactions per second), sub-second finality and a local, decentralized gateway to Ethereum, Sonic empowers builders to construct the subsequent era of functions on unparalleled infrastructure and liquidity.
Developed by the identical staff behind Fantom, Sonic and its S token ship a major leap ahead from each Fantom and FTM.
By way of a one-to-one improve course of from FTM to S, current FTM holders can seamlessly begin utilizing Sonic.
Sonic leverages confirmed experience to determine itself as a DeFi hub by revolutionizing developer incentives whereas offering customers with easy consumer experiences and entry to huge quantities of liquidity.
Price monetization Builders come first
FeeM (Price Monetization) on Sonic rewards builders with as much as 90% of the community charges generated by their functions, adopting the Internet 2.0 advert income methods popularized by platforms like YouTube.
Whereas many blockchains supply restricted developer incentives and primarily deal with worth extraction, Sonic addresses this situation successfully by way of its FeeM mannequin.
Sam Harcourt, enterprise growth lead at Sonic Labs, stated,
“Not too long ago, we’ve seen many new chains launch, particularly centralized layer-twos the place the founders pocket all community charges.
“This excludes builders from the equation, forcing them to impose additional charges on customers to earn income.
“FeeM addresses this by coding developer rewards instantly into the chain, making certain that community charges are shared with builders from the beginning.”
Builders on the Sonic chain obtain a share of community charges generated by the visitors and engagement their functions entice, providing a built-in mechanism for ongoing income.
Fantom to Sonic Upgrading FTM to S
Fantom and its FTM token are formally transitioning to Sonic and the S token.
Sonic Labs is facilitating the transition by providing a devoted improve portal on MySonic that enables FTM holders to seamlessly improve their FTM to S on a one-to-one foundation.
Michael Kong, CEO of Sonic Labs, stated,
“We’re proud to launch the brand new Sonic chain as the subsequent evolution of Fantom, constructing on its spectacular observe report of almost 100% uptime since 2019.
“Sonic is a revolutionary platform that prioritizes builders, empowering them to create functions with seamless consumer experiences whereas incomes a share of community charges.”
In the course of the preliminary 90 days after Sonic’s mainnet launch, holders can freely swap between FTM and S utilizing the improve portal.
After this era, holders will solely be capable of improve from FTM to S.
Sonic Gateway Safe, decentralized interoperability
With the rise of cross-chain exercise, safe and trustless bridges are extra essential than ever.
Conventional layer-one and layer-two bridging options typically depend on centralized methods, risking billions in potential losses.
The Sonic Gateway addresses these challenges as a decentralized and trustless bridge between Ethereum and Sonic, providing the next.
- Safety A fail-safe ensures consumer funds might be recovered on Ethereum if the Gateway is down for 14 days, guaranteeing asset safety.
- Pace Asset transfers are batched effectively (each 10 minutes from Ethereum to Sonic and hourly in reverse). The ‘quick lane’ function lets customers pay a small price to bridge immediately.
- Decentralization Operated by Sonic’s validators on each chains, the Gateway is as decentralized as Sonic itself, stopping centralized manipulation.
Bernhard Scholz, chief analysis officer of Sonic Labs, stated,
“To empower customers with efficient and trustless management of their property, we developed the Sonic Gateway, which supplies liquidity from different platforms.
“Powered by our personal validators and secured by a fail-safe, the Gateway lets customers and apps safely leverage the advantages and incentives of bringing new liquidity to Sonic.”
Sonic Labs will broaden the Gateway past Ethereum sooner or later, enabling direct, decentralized entry to a number of blockchains’ native property.
Sonic airdrop Distributing the S token
To encourage community progress, Sonic Labs is distributing 190.5 million S tokens by way of an airdrop program specializing in each customers and builders.
This system contains two incentive buildings.
- Sonic factors Rewards end-users for early adoption, asset holding and total engagement.
- Sonic gems Rewards builders for creating functions that drive consumer exercise and innovation. Builders can convert gems to S and share the tokens with their customers to incentivize steady utilization.
About Sonic
Sonic is an EVM layer-one platform that provides builders engaging incentives and highly effective infrastructure.
The chain supplies over 10,000 TPS, sub-second affirmation occasions and a safe gateway to Ethereum for enhanced liquidity and asset safety.
For extra info, customers can go to Sonic’s official web site and observe Sonic on X.
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