George City, Cayman Islands, December thirteenth, 2024, Chainwire
Sonic Labs at present introduced the launch of the Sonic mainnet, an EVM-compatible layer-1 blockchain platform that provides builders enticing incentives and highly effective infrastructure.
With 10,000 transactions per second (TPS), sub-second finality, and a local, decentralized gateway to Ethereum, Sonic empowers builders to construct the following technology of functions on unparalleled infrastructure and liquidity.
Developed by the identical crew behind Fantom, Sonic and its S token ship a big leap ahead from each Fantom and FTM. By a one-to-one improve course of from FTM to S, current FTM holders can seamlessly begin utilizing Sonic.
Sonic leverages confirmed experience to determine itself as a DeFi hub by revolutionizing developer incentives whereas offering customers with easy consumer experiences and entry to huge quantities of liquidity.
Charge Monetization: Builders Come First
Fee Monetization (FeeM) on Sonic rewards builders with as much as 90% of the community charges generated by their functions, adopting the Web2 ad-revenue methods popularized by platforms like YouTube. Whereas many blockchains provide restricted developer incentives and primarily concentrate on worth extraction, Sonic addresses this concern successfully by means of its FeeM mannequin.
“Lately, we’ve seen many new chains launch, particularly centralized layer 2s the place the founders pocket all community charges. This excludes builders from the equation, forcing them to impose additional charges on customers to earn income. FeeM addresses this by coding developer rewards instantly into the chain, making certain that community charges are shared with builders from the beginning.”— Sam Harcourt, Enterprise Growth Lead, Sonic Labs
Builders on the Sonic chain obtain a share of community charges generated by the site visitors and engagement their functions entice, providing a built-in mechanism for ongoing income.
Fantom to Sonic: Upgrading FTM to S
Fantom and its FTM token are formally transitioning to Sonic and the S token. Sonic Labs is facilitating the transition by providing a devoted improve portal on MySonic that permits FTM holders to seamlessly improve their FTM to S on a one-to-one foundation.
“We’re proud to launch the brand new Sonic chain as the following evolution of Fantom, constructing on its spectacular monitor report of almost 100% uptime since 2019. Sonic is a revolutionary platform that prioritizes builders, empowering them to create functions with seamless consumer experiences whereas incomes a share of community charges.”— Michael Kong, CEO, Sonic Labs
In the course of the preliminary 90 days after Sonic’s mainnet launch, holders can freely swap between FTM and S utilizing the improve portal. After this era, holders will solely be capable to improve from FTM to S.
Sonic Gateway: Safe, Decentralized Interoperability
With the rise of cross-chain exercise, safe and trustless bridges are extra essential than ever. Conventional layer-1 and layer-2 bridging options usually depend on centralized programs, risking billions in potential losses.
The Sonic Gateway addresses these challenges as a decentralized and trustless bridge between Ethereum and Sonic, providing:
- Safety: A fail-safe ensures consumer funds could be recovered on Ethereum if the Gateway is down for 14 days, guaranteeing asset safety.
- Pace: Asset transfers are batched effectively (each 10 minutes from Ethereum to Sonic and hourly in reverse). The Quick Lane characteristic lets customers pay a small price to bridge immediately.
- Decentralization: Operated by Sonic’s validators on each chains, the Gateway is as decentralized as Sonic itself, stopping centralized manipulation.
“To empower customers with efficient and trustless management of their belongings, we developed the Sonic Gateway, which gives liquidity from different platforms. Powered by our personal validators and secured by a fail-safe, the Gateway lets customers and apps safely leverage the advantages and incentives of bringing new liquidity to Sonic.” — Bernhard Scholz, Chief Analysis Officer, Sonic Labs
Sonic Labs will develop the Gateway past Ethereum sooner or later, enabling direct, decentralized entry to a number of blockchains’ native belongings.
Sonic Airdrop: Distributing the S Token
To encourage community progress, Sonic Labs is distributing 190.5 million S tokens by means of an airdrop program specializing in each customers and builders. This system consists of two incentive structures:
- Sonic Factors: Rewards end-users for early adoption, asset holding, and general engagement.
- Sonic Gems: Rewards builders for creating functions that drive consumer exercise and innovation. Builders can convert Gems to S and share the tokens with their customers to incentivize steady utilization.
About Sonic
Sonic is an EVM layer-1 platform that provides builders enticing incentives and highly effective infrastructure. The chain gives over 10,000 TPS, sub-second affirmation occasions, and a safe gateway to Ethereum for enhanced liquidity and asset safety.
For extra info, customers can go to Sonic’s official website and comply with Sonic’s Twitter.
Contact
Sonic Labs
press@soniclabs.com
