TechFlow reports, on December 31, according to official announcement, Sonic SVM, the first SVM blockchain on Solana, has unveiled the token economics for its native token $SONIC. $SONIC will serve as the native token for both the Sonic SVM and Multi-SVM ecosystem, driving long-term growth and development.
The total supply of $SONIC is 2.4 billion tokens, with 57% allocated to the community, including Community & Ecosystem Development (30%), Initial Airdrop (7%), and HyperGrid Rewards (20%). The Token Generation Event (TGE) is scheduled for January 7, 2025, with an initial circulating supply representing 15% of the total supply.
The eligibility checker tool for the Initial Airdrop program will go live on January 3, allowing users to verify whether their wallets qualify for the airdrop. Meanwhile, the SonicX TikTok airdrop campaign will remain open until January 6, providing more users with opportunities to obtain $SONIC.
