Sonic Labs: Governance Proposal on Fantom Drives a New Tokenomics, Airdropping Approximately 200 Million S Tokens

BlockBeats News, December 24th, Sonic Labs posted on X stating that they are moving forward with 4 successful governance proposals on Fantom to upgrade the tokenomics, including airdropping approximately 200 million S tokens. At launch, the circulating supply of S is around 2.88 billion, with an initial total supply of 31.75 billion, allowing for a 1:1 migration; six months after launch, the network will utilize a unique 9-month linear burning mechanism, burning 6% of the initial total supply to extend the airdrop activity to reward users/developers.

Furthermore, six months after launch, the network will start minting 1.5% of the initial total supply annually over 6 years to fund growth, burning unused S tokens each year to ensure efficient utilization; starting from the fourth year after launch, the network will mint 1.75% annually to permanently reward validators. All unused ecosystem growth tokens will undergo an annual reckoning and burn. By 2031, the maximum expansion cap for S will be 15% (excluding block rewards), during which various burning mechanisms are expected to significantly reduce the expansion rate.