PANews reported on December 31 that according to official news, the SVM blockchain Sonic SVM on Solana announced the token economics of its native token SONIC. SONIC will serve as the native token of the Sonic SVM and Multi-SVM ecosystem to promote long-term growth and development.
The total supply of SONIC is 2.4 billion, of which 57% is allocated to the community, including community and ecological development (30%), initial claims (7%) and HyperGrid rewards (20%). TGE is scheduled for January 7, 2025, and the initial circulation accounts for 15% of the total. SONIC will be distributed within 6 years, at which time all SONIC will be fully circulated, with most of it allocated to the community. In the first 12-18 months after launch, no team and investor tokens will be unlocked, and locked tokens cannot be staked.
The SONIC initial claim snapshot was completed on December 31, 2024. 7% of the total SONIC supply has been allocated to the initial claim. The eligibility check tool for the initial claim program will be launched on January 3, and users can use the tool to verify whether their wallets meet the claim conditions. At the same time, the SonicX TikTok airdrop event will continue to be open until January 6, providing more users with the opportunity to obtain SONIC.
