Sonic Labs Unveils Tokenomics Changes for U.S.Growth
Sonic Labs is updating its tokenomics to boost U.S. operations and attract institutional investors.
the company plans to mint 633.9 million S tokens worth around $196.5 million.This move follows a governance vote where almost everyone agreed to these changes.
Key uses for the new tokens include:
- $150 million for Sonic’s U.S. activities via Sonic USA
- Locking 322.6 million tokens for a NASDAQ investment tool for three years
- Reserving 161.3 million tokens for a BitGo-curated ETF collaboration
These updates expand the total token supply to 4.75 billion from 4.12 billion, marking a 14% hike. To manage this, Sonic plans to strengthen its token burn mechanism. As a notable exmaple, 90% of fees from specific transactions will go back to creators, 5% to validators, and another 5% will be permanently removed.Non-specific transactions fees will see half burned.
This strategy aims to maintain scarcity, countering potential token dilution. The goal is to support Sonic’s push into the U.S. financial landscape. The team is forming Sonic USA—a Delaware company with a New York office—to sail through U.S. regulations and cater to capital market stakeholders.
By integrating updated tokenomics with industry-kind structures, Sonic hopes to compete better against funds with ample reserves and open doors for regulated investment vehicles.
the accomplished governance vote reflects strong community endorsement for Sonic’s evolution towards customary finance integration.
