⚡ Sonic Introduces Deflationary Airdrop Initiative
posted 3 Oct 2024
Sonic, a Layer 1 blockchain (formerly Fantom), is gearing up to distribute its new S token to loyal users through a unique airdrop. Sonic Labs will release about 200 million tokens, incorporating a deflationary mechanism based on a linear burn model.
Users will initially receive only 25% of their tokens, with the remaining 75% locked for nine months. If holders wish to unlock their tokens earlier, they will be required to burn some tokens—the earlier the withdrawal, the greater the burn rate.
A chart illustrating the correlation between wait time and token burn percentage. Source: Sonic Labs official website.
Once the lock period ends, participants will receive an ERC-1155 NFT, which can be traded on secondary markets. This setup provides an opportunity for immediate earnings, while long-term holders can place a strategic bet on the project's success.
This deflationary airdrop model is expected to drive user engagement, reinforce Sonic’s ecosystem, and positively impact the token’s value. The burn rate remains notably high, even in the final months before unlocking (20-30%).
More breaking news
More breaking news
