Solana’s L2 Network Sonic to Unveil Its Native Token, SONIC, on January 7

Sonic, the Solana-based Layer 2 network designed for gaming and decentralized applications, is set to launch its native token, SONIC, on January 7. This milestone was announced by the Sonic team on December 31, marking the token generation event ($TGE) for the Solana Virtual Machine (SVM) ecosystem. The event will see a significant portion of the total token supply distributed to the community, with 57% allocated for various purposes such as ecosystem growth, initial claims, and Sonic HyperGrid rewards.

With a total token supply of 2.4 billion SONIC tokens, the TGE will release 15% of this amount into circulation. This move comes shortly after Sonic’s announcement of its plans to integrate native tokens for TikTok users, expanding its reach and impact within the broader Web3 ecosystem. SONIC will be the driving force behind this gaming-oriented blockchain, supporting both games and applications built on the Solana Virtual Machine.

The token’s distribution will be community-driven, with 7% of the total supply earmarked for an airdrop. This airdrop will be available to those eligible based on the initial claim snapshot, which took place on December 31, 2024. A eligibility checker will be made available starting January 3, providing users with the opportunity to confirm their participation.

Sonic’s upcoming token launch represents a significant step forward for the Solana Layer 2 network and its growing ecosystem, with SONIC poised to become a key asset in the world of blockchain-based gaming and decentralized applic

ations.

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