Sonic Labs Community Votes to Approve "US Market Expansion and TradFi Adoption Plan" Proposal

BlockBeats News, August 31st, the Sonic Labs community voted to approve the "U.S. Market Expansion and TradFi Adoption Plan" proposal. The proposal aims to launch Sonic USA LLC to kickstart U.S. operations, hire a Sonic USA CEO and a full U.S. team, establish a New York office, and provide a performance-based employee incentive program. At the same time, the company plans to strengthen long-term deflation through a Gas Fee mechanism.

It will also adjust network parameters: approve token issuance for a $50 million ETF allocation; $100 million Nasdaq PIPE development; 150 million S tokens for Sonic USA.