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Reading: Sonic Launches SONIC Token on January 7, 2025
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COINTURK NEWS > Solana (SOL) > Sonic Launches SONIC Token on January 7, 2025
Solana (SOL)

Sonic Launches SONIC Token on January 7, 2025

In Brief

  • Sonic plans to launch SONIC token on January 7, 2025.

  • The token will serve various functions within the Solana L2 ecosystem.

  • Future developments include a mainnet alpha and mobile app launches.

Fatih Uçar
Fatih Uçar 6 months ago
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Sonic, a layer-2 network developed for games and applications based on the Solana $153 Virtual Machine (SVM), plans to launch its native token, SONIC, on January 7, 2025. This development marks a pivotal moment in Solana L2 Sonic’s roadmap, aimed at strengthening the game-focused blockchain ecosystem and enhancing infrastructure scalability.

Contents
Token Distribution PlansUse Cases for the TokenFuture Plans and Market Expectations

Token Distribution Plans

In their latest announcements, the Sonic team revealed the Token Generation Event (TGE) plans for the SONIC token. The total supply is capped at 2.4 billion tokens, with 57% allocated to the community. This distribution includes tokens reserved for ecosystem development, initial claims, and rewards within the Sonic HyperGrid framework.

During the TGE, 15% of the total supply will enter circulation, supporting early adoption. The team confirmed that the SONIC token will be listed on both centralized exchanges and Solana-based decentralized exchanges, with details to be shared on social media.

Use Cases for the Token

The SONIC token will play a central role in the Solana L2 ecosystem. It will function as a payment tool within Sonic SVM applications, support staking rewards, and enable community governance.

Validators on the Sonic HyperGrid network will be required to stake SONIC tokens, with delegates contributing to the staking pool earning rewards. This structure aims to promote active participation while ensuring the network’s stability and decentralization.

Future Plans and Market Expectations

The launch of the SONIC token represents the first phase of the Layer-2 blockchain. This phase includes activating the HyperGrid Shared Sequencer Network and Sonic SVM Genesis. The second phase plans to deploy the mainnet alpha, introduce bridges, and launch Sonic X applications for Android and iOS in 2025.

The price forecast for Solana in 2025 reflects positive market sentiment due to its strong ecosystem and increasing adoption. Projections suggest that SOL could rise to $400, continuing the upward trend from $84 to $263.83 in 2024.

The SONIC token launch will create new opportunities for game and application developers within the Solana ecosystem, supporting network growth. The community-focused distribution of the token aims to enhance user participation. Future plans are expected to strengthen Sonic’s technological infrastructure while ongoing SOL price increases are anticipated.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 1 January, 2025 - 3:14 am 1 January, 2025 - 3:14 am
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