KEY TAKEAWAYS
- Sonic Labs launches its new mainnet, Sonic, a high-throughput, EVM-compatible layer-1 blockchain platform.
- The platform supports up to 10,000 transactions per second with sub-second finality, enhancing developer capabilities.
- FTM token holders can upgrade to the new S token, with incentives for developers to earn up to 90% of network fees.
- Sonic introduces a decentralized gateway to Ethereum and a significant airdrop to boost platform engagement.
Sonic Labs has announced the launch of its new mainnet, Sonic, a high-throughput, EVM-compatible layer-1 blockchain platform. The platform is designed to offer developers attractive incentives and robust infrastructure, enabling the creation of next-generation applications. The announcement was made here.
Sonic boasts the capability to handle up to 10,000 transactions per second with sub-second finality. It also features a native decentralized gateway to Ethereum, allowing developers to build applications that provide a seamless blockchain experience for users.
Token Upgrades and Developer Incentives
FTM token holders can now upgrade their tokens to the new S token on Sonic through a 1:1 basis using the MySonic upgrade portal. This upgrade process is available for the first 90 days following the mainnet launch, after which upgrades will only be possible from FTM to S.
Developers are encouraged to deploy their applications on Sonic, where they can benefit from features like Fee Monetization. This feature allows developers to earn up to 90% of the network fees generated by their applications, providing a sustainable income stream.
Sonic Gateway and Airdrop Initiatives
The Sonic Gateway serves as a decentralized bridge facilitating token transfers between Ethereum and Sonic. It employs a fail-safe mechanism that ensures users can regain custody of their funds in the event of a Gateway failure, enhancing security and decentralization.
As part of its launch, Sonic is conducting a significant airdrop of up to 200 million S tokens. This initiative includes Sonic Points and Sonic Gems, which are designed to reward both users and developers for engaging with the platform and driving innovation.
Developers can redeem Sonic Gems for S tokens, which can then be distributed as rewards to users, fostering growth and sustained user activity on the platform.
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