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Sonic releases Litepaper: S circulation supply is about 2.88 billion, and airdrop accounts for 6% of the initial supply

2024-10-15 03:03
Odaily News Sonic Labs released a Litepaper, which mentioned that in order to expand Sonic to the next level, the team is introducing token economics based on a successful community governance proposal. The key points are as follows: - At the time of official launch, S's circulating supply will be approximately 2.88 billion and the total supply will be 3.175 billion, which is comparable to the supply of FTM. - Six months after launch, the network will provide 6% of the initial total supply for airdrops to reward Opera and Sonic users, with vesting within 9 months after the airdrop; - Six months after launch, the network will mint 1.5% of the initial total supply each year for six years to fund growth and destroy any unused tokens. - Starting four years after the launch of Sonic, the annual inflation rate will be 1.75% to reward validators.