FTM Coin team continues to provide details about Sonic’s altcoin, S Token. The airdrop will occur in December, distributing 200 million tokens. The goal is to increase the value of S Token in the long term through a deflationary mechanism.
Sonic Airdrop
A recent announcement from the Sonic Labs account shared specifics about S Token. The team will distribute 200 million tokens to early users of the network, employing a deflationary mechanism. This approach not only rewards active user participation but also aims to enhance token value over time due to the token burning factor defined as the “linear decay model.”
Following the initial token distribution, recipients will immediately receive 25% of their allocated S tokens on the airdrop request date. The remaining 75% will be locked in an ERC-1155 tokens (NFT) vesting program for nine months.
If a user requests their entitled tokens early, a portion of these tokens will be burned. This mechanism, referred to as the linear decay model, includes “maturation” phases. The burn rate gradually decreases over nine months, allowing for fewer tokens to be burned as demand is requested later.
This strategy will reduce supply while encouraging users to hold onto their tokens to avoid burning. The accompanying graph illustrates the time-dependent burning process.
