With 10,000 transactions per second (TPS), sub-second finality, and a local, decentralized gateway to Ethereum, Sonic empowers builders to construct the subsequent era of purposes on unparalleled infrastructure and liquidity.
George City, Cayman Islands, December 13th, 2024, Chainwire
Sonic Labs at the moment introduced the launch of the Sonic mainnet, an EVM-compatible layer-1 blockchain platform that provides builders enticing incentives and highly effective infrastructure.
Developed by the identical staff behind Fantom, Sonic and its S token ship a big leap ahead from each Fantom and FTM. By a one-to-one improve course of from FTM to S, present FTM holders can seamlessly begin utilizing Sonic.
Sonic leverages confirmed experience to ascertain itself as a DeFi hub by revolutionizing developer incentives whereas offering customers with clean person experiences and entry to huge quantities of liquidity.
Charge Monetization: Builders Come First
Fee Monetization (FeeM) on Sonic rewards builders with as much as 90% of the community charges generated by their purposes, adopting the Web2 ad-revenue methods popularized by platforms like YouTube. Whereas many blockchains supply restricted developer incentives and primarily give attention to worth extraction, Sonic addresses this problem successfully via its FeeM mannequin.
“Not too long ago, we’ve seen many new chains launch, particularly centralized layer 2s 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 immediately into the chain, making certain that community charges are shared with builders from the beginning.”— Sam Harcourt, Enterprise Improvement Lead, Sonic Labs
Builders on the Sonic chain obtain a share of community charges generated by the visitors and engagement their purposes 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 permits FTM holders to seamlessly improve their FTM to S on a one-to-one foundation.
“We’re proud to launch the brand new Sonic chain as the subsequent evolution of Fantom, constructing on its spectacular monitor file of practically 100% uptime since 2019. Sonic is a revolutionary platform that prioritizes builders, empowering them to create purposes with seamless person experiences whereas incomes a share of community charges.”— Michael Kong, CEO, Sonic Labs
Throughout 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 have the ability to 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-1 and layer-2 bridging options usually 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:
- Safety: A fail-safe ensures person 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 characteristic lets customers pay a small charge to bridge immediately.
- Decentralization: Operated by Sonic’s validators on each chains, the Gateway is as decentralized as Sonic itself, stopping centralized manipulation.
“To empower customers with efficient and trustless management of their property, we developed the Sonic Gateway, which offers 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.” — Bernhard Scholz, Chief Analysis Officer, Sonic Labs
Sonic Labs will increase 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 development, Sonic Labs is distributing 190.5 million S tokens via an airdrop program specializing in each customers and builders. This system contains two incentive structures:
- Sonic Factors: Rewards end-users for early adoption, asset holding, and general engagement.
- Sonic Gems: Rewards builders for creating purposes that drive person 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-1 platform that provides builders enticing incentives and highly effective infrastructure. The chain offers over 10,000 TPS, sub-second affirmation instances, and a safe gateway to Ethereum for enhanced liquidity and asset safety.
For extra info, customers can go to Sonic’s official website and observe Sonic’s Twitter.
Contact
Sonic Labs
[email protected]
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