Sonic SVM: 57% of the total SONIC tokens will be distributed to the community, and TGE is scheduled for January 7, 2025

PANews reported on December 31 that according to official news, Sonic SVM, the SVM blockchain on Solana, announced the token economics of its native token SONIC. SONIC will serve as the native token of the Sonic SVM and Multi-SVM ecosystem to promote long-term growth and development.

The total supply of SONIC is 2.4 billion, of which 57% is allocated to the community, including community and ecological development (30%), initial claim (7%) and HyperGrid rewards (20%). TGE is scheduled for January 7, 2025, with the initial circulation accounting for 15% of the total. SONIC will be distributed within 6 years, at which time all SONIC will be fully circulated, with most distributed to the community. During the first 12-18 months after launch, no team and investor tokens will be unlocked, and locked tokens cannot be pledged.

The initial SONIC claim snapshot was completed on December 31, 2024. 7% of the total supply of SONIC has been allocated to initial claims. The eligibility check tool for the initial claim plan will be launched on January 3. Users can use this tool to verify whether the wallet meets the claim conditions. At the same time, the SonicX TikTok airdrop event will remain open until January 6, providing more users with the opportunity to obtain SONIC.