Sonic Labs, the team behind the Layer-1 Sonic Blockchain, has been granted the gesture to issue $ 200 million of its distinctive symbols to expand the US capital markets, including creating a proposed exchange product for exchange and an investment listed on the Nasdaq Stock Exchange.
The vote ended on Sunday, with 99.99 % of Sonic (S) The symbols of 105 portfolios are used to agree to the proposal. The proposal also achieved the required legal quorum of 700 million participating symbols in the vote.
The company plans to allocate $ 100 million of distinctive symbols to build a strategic reserve for the NASDAC pipe (private investment in public stocks) and $ 50 million for ETP tracking the distinctive code issued by “ETF first -class first -class” with more than 10 billion dollars in assets. Sonic said the box would be attended by Bugo.
Sonic said that she will also create Sonic Usa LLC, as she hires a US -based CEO in New York to facilitate Trafi plans and leadership participation in Washington, DC, According to To a suggestion overview. 150 million symbols ($ 47.7 million) will be used to boot Sonic USA.
Many listed companies have turned into encryption to enhance their public budgets, partly Building the treasury encryption And investing in the place Funds circulating for exchange. However, the Sonic step fluctuates this text program by taking advantage of traditional financial tools to become more competitive in the encryption space.
Sonic needs “2025 Tokenomics”
the Sonic series launched In December 2024, after the brand renamed from Phantom Opera Network, With FTNOM FTM symbols that are replaced by Sonic S symbols at 1: 1 as part of the deportation process.
However, the Fantom Foundation kept less than 3 % of the original FTM code supplies because it preferred to buy its distinctive symbol rather than selling it to partnerships.
Sonic said that the distinguished symbol that she inherited prevented him from taking advantage of the main opportunities, such as partnership or investment in Gamestop, Robinhood and Polymarket, as well as the distinguished symbol lists in the main encryption exchange. “[The] The symbols were not available when needed.
He pointed out that most of the teams behind the Blockchains in the 1 and 2S layer retains 50 % of the offer from the initial features of strategic initiatives, but the Sonic Sub-3 % customization has forced it to buy distinctive symbols in the open market.
“We have 2018 tokeenomics. We need 2025 Tokenomics.”
Sonic to make the distinctive symbol more contraction
Sonic also plans to make up for the new distinctive code by updating the gas fee mechanism and directing a larger share of the transaction fees that will be burned, which must reduce net inflation and create long -term pressure on the width.
In this way, “Sonic can play with Big Trafi Boys (ETF/PIPE) without sacrificing the holders,” Blockchain said.
The performance of the symbol S has not been good since its launch in January, as it decreased by 69 % since then, According to To Coingecko.
Sonic part of Blockchain in the American Trade Department
Meanwhile, Sonic was included as a participant in the American Ministry of Commerce program Publishing economic data onchain, Take advantage of ChainLink’s and Pyth’s Oracle Blockchain services.
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This step means that developers can now refer to macroeconomic statistics in the United States directly on Sonic without the need to resort to the Ministry of Commerce website.
Sonic said this step will cancel the new innovation insurance on its platform – such as developing trading forms from total local products data, inflation and applying macro signals for Onchain lenders.
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