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Sonic Labs plans to upgrade S token economics and has released 4 related governance proposals

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Reprinted from panewslab

12/24/2024·4M

PANews reported on December 24 that Sonic Labs issued a document on X stating that it is improving Sonic through upgraded token economics, which is determined by 4 governance proposals on Fantom, including approximately 200 million S airdrops.

At launch, the circulating supply of S is approximately 2.88 billion, with an initial total supply of 3.175 billion, allowing migration at a 1:1 ratio; six months after launch, the network will utilize a unique 9-month linear burn mechanism, Mint 6% of the initial total supply to be used to extend the airdrop campaign to reward users/developers; additionally, six months after launch, the network will begin minting 1.5% of the initial total supply annually for 6 years to fund growth, to be burned annually Unspent S to ensure efficient use; starting four years after launch, the network will mint 1.75% annually to reward validators in perpetuity. All unused ecological growth tokens will be accounted for and destroyed annually.

S's maximum expansion is capped at 15% by 2031 (excluding block rate rewards), and multiple burning mechanisms are expected to significantly reduce expansion during this period.

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