George City, Cayman Islands, December 13, 2024, Chainwire
Sonic Labs at the moment introduced the launch of Sonic Mainnet, an EVM-enabled Layer 1 blockchain platform that provides builders enticing incentives and highly effective infrastructure.
With 10,000 transactions per second (TPS), sub-second finality, and a local, decentralized gateway to , Sonic permits builders to construct the subsequent technology of functions on unprecedented infrastructure and liquidity.
Developed by the identical workforce behind Fantom, Sonic and its S token are a big leap ahead from Fantom and FTM. By way of a person improve course of from FTM to S, present FTM holders can begin utilizing Sonic seamlessly.
Sonic leverages confirmed experience to ascertain itself as a DeFi hub by revolutionizing developer incentives whereas offering customers with a seamless person expertise and entry to huge quantities of liquidity.
Charge Monetization: Builders Come First
Charge Monetization (FeeM) on Sonic rewards builders with as much as 90% of the community charges generated by their apps, adopting Web2 advert income methods popularized by platforms like YouTube. Whereas many blockchains provide restricted incentives to builders and primarily concentrate on worth extraction, Sonic addresses this drawback successfully via its FeeM mannequin.
“Just lately, we've seen many new channels launch, together with centralized tier 2 chains the place the founders pocket all of the community charges. This takes builders out of the equation, forcing them to impose extra charges on customers to earn income. FeeM solves this drawback by encoding developer rewards instantly into the chain, guaranteeing that community charges are shared with builders up entrance. »—Sam Harcourt, Enterprise Growth Supervisor, Sonic Labs
Builders on the Sonic Channel obtain a share of the community charges generated by the visitors and engagement pushed by their apps, offering a built-in mechanism for ongoing income.
Fantom to Sonic: Upgrading FTM to S
Fantom and its FTM token are formally transitioning to Sonic and the S token. Sonic Labs is facilitating the transition by providing a devoted improve portal on MySonic that permits FTM holders to seamlessly improve their FTM to S on on a person foundation.
“We’re proud to launch the brand new Sonic Channel as the subsequent evolution of Fantom, constructing on its spectacular uptime historical past of almost 100% since 2019. Sonic is a revolutionary platform that places builders first, their permitting you to create functions with seamless person experiences whereas saving a share of community charges. » – Michael Kong, CEO, Sonic Labs
For the primary 90 days after Sonic mainnet launch, holders can freely change between FTM and S utilizing the Improve Portal. After this era, holders will solely be capable of transfer from FTM to S.
Sonic Gateway: safe and decentralized interoperability
With the rise of cross-chain exercise, safe and trustless bridges are extra essential than ever. Conventional Layer 1 and a couple of bridging options usually depend on centralized methods, probably producing billions in losses.
The Sonic Gateway addresses these challenges as a decentralized, trustless bridge between Ethereum and Sonic, offering:
- Safety: Constructed-in safety ensures that person funds might be recovered on Ethereum if the gateway is unavailable for 14 days, guaranteeing asset safety.
- Velocity: Asset transfers are batched effectively (each 10 minutes from Ethereum to Sonic and each hour vice versa). The Quick Lane characteristic permits customers to pay a small charge to bridge immediately.
- Decentralization: Operated by Sonic validators on each chains, the gateway is as decentralized as Sonic itself, stopping any centralized manipulation.
“To present customers efficient, trustless management of their belongings, we developed the Sonic Gateway, which supplies liquidity from different platforms. Powered by our personal validators and secured by built-in safety, the gateway permits customers and functions to soundly leverage the advantages and incentives of bringing new liquidity to Sonic — Bernhard Scholz, Director of Analysis, Sonic Labs.
Sonic Labs will develop the gateway past Ethereum sooner or later, enabling direct and decentralized entry to belongings native to a number of blockchains.
Sonic Airdrop: distribution of the S token
To encourage community progress, Sonic Labs is distributing 190.5 million S tokens via an airdrop program centered on each customers and builders. This system contains two incentive buildings:
- Sonic Factors: Rewards finish customers for early adoption, asset possession and total engagement.
- Sonic Gems: Rewards builders who create functions that drive person exercise and innovation. Builders can convert Gems to S and share the tokens with their customers to encourage continued utilization.
About Sonic
Sonic is a Layer 1 EVM platform that provides builders enticing incentives and highly effective infrastructure. The chain supplies over 10,000 TPS, sub-second affirmation instances, and a safe gateway to Ethereum for enhanced liquidity and asset safety.
For extra data, customers can go to Sonic's official web site and observe Sonic's Twitter.
ContactSonic Labspress@soniclabs.com
This text was initially printed on Chainwire
