Moving $S To Sonic For Points And Yield

16 days ago

Say goodbye to Fantom, and hello to Sonic! The shift to a more optimized framework is officially complete, bringing with it lightning-fast transaction speeds and drastically reduced costs. This transition has made the network not only more efficient but also incredibly user-friendly.

Sonic is now a full-fledged EVM Layer-1 blockchain capable of processing 10,000 TPS, boasting sub-second finality, and offering a seamless, secure gateway to Ethereum. With attractive incentives for developers, it’s the perfect platform for innovation and scaling. But that’s just the beginning—Sonic is poised to lead the way in the blockchain world, and it’s only going to get better.

The upgrades are already driving significant interest, attracting both developers and users, and fostering increased adoption across the ecosystem. Thanks to the enhanced scalability, Sonic is well-equipped to support a growing number of decentralized applications (dApps), creating an environment where innovation can thrive at the speed of blockchain.

Now, let’s talk about the good news for airdrop hunters. With the completion of four successful governance proposals on Fantom, Sonic has ramped up its tokenomics, including a major 200,000,000 $S tokens allocation specifically for an airdrop. It’s a game-changer that’s elevating Sonic to new heights, and it’s time for the community to get in on the action. This isn’t just another upgrade—it’s a new era for Sonic, packed with exciting opportunities.

Quick recap about an airdrop that could be quite juicy.... there are ~200 million $S allocated and at the current value this is huge! Head to my.soniclabs, add my code (P4K64Y) or not, but don't miss on this opportunity!

Sonic Points are user-focused airdrop points that can be earned as part of the airdrop! The system is designed to reward meaningful user engagement within the Sonic ecosystem, these points incentivize a wide range of activities, such as early adoption, long-term loyalty, asset ownership, and active participation with apps across the platform.

I had a head start, doing some stuff on the Arcade and having decent transaction history on Fantom. The Arcade points are not added yet and not sure if transactions on the old chain will count, but I am ready to hustle! Having 16 points so far but things will change... soon!

The expansion of $S is capped at 15% until 2031, and a series of burn mechanisms will ensure a significant reduction in supply expansion over this period. The whole thing kickstarted with the upgrade, and $FTM turned into $S tokens!

I teleported my 10 $FTM in a blink, then patiently waited for the other tokens to unlock. When this happened, I moved 1420 ex-FTM tokens to the Sonic chain!

I staked my 10 $S tokens and earned 11.02% APR for a while, then went bigger with the freshly unlocked tokens. As you can notice, the Sonic hype is real... and the value of the tokens doubled along the way!

I staked everything into the same validator, even if the APR on Sonic Goat 4 dropped at 5.74%! Now I am getting more rewards, and more points towards the airdrop. I hope they will consider volume and duration, both important aspects of loyalty!

What about Sonic Gems? They are developer-focused airdrop points, introduced as a ground-breaking incentive mechanism for developers within the Sonic ecosystem. Gems will reward apps for driving user engagement and innovation based on their performance on Sonic, which can be redeemed for $S tokens.

The apps can then distribute the tokens as rewards to their users. This system empowers apps to kickstart growth and maintain long-term user activity by encouraging consistent interaction and participation. Wait a minute... is not the same thing as the Blast Gold?

Both Sonic Points and Gems are distributed across multiple seasons, ensuring a sustainable and dynamic rewards structure that continuously incentivizes active involvement. The first season ends in the summer, and more details will be shared soon.

One month gone and I added 200 points and 10 $S to the tally! It's still early! Join me by using my code (P4K64Y) at SonicLabs, and start earning points! A brand new world awaits!