Sonic Labs said in a post on X that it is improving Sonic through an upgraded token economics, which is determined by four governance proposals on Fantom, including about 200 million S airdrops.
At launch, the circulating supply of S is about 2.88 billion, and the initial total supply is 3.175 billion, allowing migration in a 1:1 ratio;
Six months after launch, the network will use a unique 9-month linear destruction mechanism to cast 6% of the initial total supply for extended airdrops to reward users/developers.
In addition, six months after launch, the network will begin minting 1.5% of the initial total supply annually for six years to fund growth, with unused S destroyed annually to ensure efficient use.
From four years after launch, the network will cast 1.75% annually to permanently reward validators.
All unused eco-growth tokens will be accounted for and destroyed annually.
By 2031, the maximum expansion of S is capped at 15% (excluding block rate rewards), and multiple destruction mechanisms are expected to significantly reduce expansion during this period.
Sonic Labs: It plans to upgrade the economics of S tokens through 4 governance proposals, and will use various destruction mechanisms to control the upper limit in the future
2024-12-24 03:29:20
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