Trade S with Leverage

The SONIC token, formerly known as Fantom (FTM), was introduced in 2018 as the native cryptocurrency of the Fantom Opera blockchain. Originally founded by Dr. Ahn Byung Ik, the project later evolved under the leadership of key figures such as Michael Kong and the renowned DeFi architect Andre Cronje. The transition from Fantom to Sonic, officially announced in August 2024, marked a significant upgrade in the network’s capabilities, reinforcing its position as a high-performance Layer-1 blockchain optimized for scalability, speed, and interoperability.

SONIC plays a crucial role within the Sonic ecosystem, serving as the primary utility token for various network functions. It is used to pay for transaction fees, ensuring seamless and cost-efficient processing of decentralized applications (dApps). With the introduction of enhanced network efficiency, transactions on Sonic can be completed in under one second at a fraction of a cent, making it an attractive choice for developers and users alike.

In addition to its role in network operations, SONIC is a key component of the platform's staking mechanism. Holders can stake their tokens to secure the network, validate transactions, and earn staking rewards, further incentivizing long-term participation and decentralization. The token is also deeply integrated into the decentralized finance (DeFi) ecosystem, enabling users to engage in various financial activities such as lending, borrowing, liquidity provision, and yield farming.

The total supply of Sonic (S) tokens is capped at 3.175 billion, distributed as follows:

Airdrop (6%) – 190.5 million S tokens will be airdropped six months after launch to reward early adopters, Fantom Opera users, and Sonic contributors. Unclaimed tokens will be burned.

Network Incentives (1.5% Annually for Six Years) – 47.625 million S tokens will be minted yearly for six years to fund staking rewards, ecosystem growth, and developer incentives. Any unused tokens will be burned to control inflation.

Circulating Supply at Launch – 2.88 billion S tokens were in circulation at launch, with the rest reserved for rewards and future initiatives.

Staking Rewards – The S token powers network security through staking, with validators and delegators earning rewards for verifying transactions.