Sonic SVM announces token economics: total 2.4 billion, 57% allocated to the community

According to official news, Sonic SVM, the first SVM blockchain on Solana, announced the token economics of its native token SONIC. SONIC will serve as the native token of the Sonic SVM and Multi-SVM ecosystems to drive long-term growth and development.

The total supply of SONIC is 2.4 billion, of which 57% is allocated to the community, including community and ecological development (30%), initial claims (7%) and HyperGrid rewards (20%). TGE is scheduled for January 7, 2025, and the initial circulation accounts for 15% of the total.

In addition, the token airdrop snapshot has been completed, and the qualification check tool for the initial claim plan was launched on January 3. At the same time, the SonicX TikTok airdrop event will continue to be open until January 6.