Solana L2 Sonic Reveals Plans To Launch SONIC Token: Here's All

Sonic, the 2-tier Solana Virtual Machine (SVM) for games and applications, is expected to launch its native token, SONIC, on January 7, 2025. This development is a major milestone in Solana L2 Sonic roadmap, designed to power it. blockchain ecosystem focused on games and will increase scalability across its infrastructure.

Solana L2 Sonic to launch Native Token SONIC on January 7th

According to recently blog post, Sonic has outlined plans for the Token Generation Event (TGE) of its SONIC token, which will mark the next stage of its development. The token's total allocation is capped at 2.4 billion, with 57% allocated to the community. This allocation includes tokens reserved for ecosystem development, initial applications, and rewards within the Sonic HyperGrid framework.

In addition, the TGE will see 15% of the total supply going into circulation for early adoption. The team has confirmed that SONIC will be listed on both centralized and Solana-based exchanges, with more information to be released via social media.

The distribution of indigenous Solana L2 markers emphasizes community involvement, with 7% markers identified for airdrop to early supporters. Eligibility for the airdrop was determined through a photo taken on December 31, 2024. Participants can still qualify by contacting SonicX on TikTok before January 6, 2025.

Starting January 3rd, the community can use an eligibility checker to verify their applications for the airdrop. The campaign will reward contributors who supported Solana L2 Sonic in the early stages, including agents, node holders, and partners.

Token utility and ecosystem integration

The SONIC token will play a central role in the Solana L2 ecosystem, offering convenience in several areas. It acts as a payment currency within Sonic SVM applications, supports pledge rewards, and enables community management. Users can apply tokens to increase network security and participate in decision-making processes within the ecosystem.

Testers in the Sonic HyperGrid network must apply SONIC signals, and producers who contribute to the pool staking he gets rewards. This framework aims to encourage active participation while ensuring stability and decentralization across the network.

The launch of Solana L2 SONIC token represents Level 1 of the Layer-2 blockchain. It includes the implementation of the HyperGrid Shared Sequencer Network and Sonic SVM Genesis. Phase 2 will include mainnet alpha deployment, bridging, and the launch of Sonic X apps for Android and iOS by early 2025. Further expansion is expected for mid-2025, including advanced scaling solutions and updated stake methods.

Apart from, Solana price a forecast for 2025 shows an optimistic sentiment in the market, driven by the robust ecosystem and growing adoption. Analysts predict that the price of SOL could target $400, supported by the previous upward trajectory from $84 to $263.83 in 2024.

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Ronny Mugendi

Ronny Mugendi is an experienced crypto journalist with four years of professional experience, having contributed extensively to various media on cryptocurrency trends and technologies. With more than 4000 published articles across different media, it aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys cycling, exploring new trails and landscapes.

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