Author: Sonic
Compilation: Deep Tide TechFlow
Sonic Labs officially launched the Sonic mainnet today, a first-layer blockchain platform compatible with EVM, providing robust infrastructure and attractive incentive mechanisms for developers.
The Sonic mainnet supports 10,000 transactions per second (TPS) and achieves sub-second transaction confirmations while also featuring decentralized gateway functionality for seamless integration with Ethereum. With these technical features, Sonic provides developers with unprecedented infrastructure support and liquidity, helping them build the next generation of decentralized applications (DApps).
Sonic is developed by the team behind Fantom and achieves a significant upgrade for Fantom and FTM through its native token S. Existing FTM holders can easily transition to the Sonic platform and start using its features through a one-to-one token upgrade mechanism.
Sonic leverages its mature technological capabilities to innovate developer incentive mechanisms while providing users with a smooth experience and abundant liquidity resources, establishing its core position in the decentralized finance (DeFi) field.
Revenue Sharing Mechanism: Developers First
The fee-sharing mechanism (Fee Monetization, FeeM) introduced by Sonic provides developers with up to 90% of the network fees, drawing inspiration from the advertising revenue strategies of Web2 platforms like YouTube. Unlike many blockchains that offer limited incentives for developers and mainly focus on value extraction, Sonic's FeeM model fundamentally addresses this issue.
“In recent years, we have seen many new chains launched, especially some centralized Layer 2s, where the founding teams monopolize all network fee revenues. This model excludes developers, forcing them to derive income by charging users additional fees. The FeeM model ensures that developers can share network fees from the outset by directly writing developer reward mechanisms on-chain.” — Head of Business Development at Sonic Labs, Sam Harcourt
On the Sonic platform, developers can earn a share of network fees based on the user traffic and engagement attracted by their applications. This mechanism provides developers with a built-in, sustainable source of income while significantly reducing the cost of use for users.
From Fantom to Sonic: A new phase of FTM upgrading to S
Fantom and its token FTM have officially entered the upgrade phase, transitioning to the new Sonic platform and its native token S. Sonic Labs has specifically launched an upgrade portal, MySonic, where FTM holders can easily upgrade FTM to S on a one-to-one basis.
“We are excited to launch the all-new Sonic chain as the next major upgrade for Fantom. This platform is built on Fantom's nearly 100% uptime record since 2019 and is a revolutionary platform centered on developers. Sonic not only helps developers build smooth user experiences but also allows them to share network fees.” — CEO of Sonic Labs, Michael Kong
During the first 90 days after the launch of the Sonic mainnet, FTM holders can freely exchange FTM and S through the upgrade portal. After 90 days, users will only be able to upgrade from FTM to S.
Sonic Gateway: Secure and decentralized cross-chain interoperability
With the rapid growth of cross-chain activity, secure and trustless bridging solutions have become essential. However, traditional Layer 1 and Layer 2 bridging methods often rely on centralized systems, which can lead to the risk of substantial asset loss.
Sonic Gateway addresses this issue with a decentralized design, serving as a bridge between Ethereum and Sonic, providing the following core functionalities:
Security: If the gateway fails to operate within 14 days, users can retrieve their funds on Ethereum, ensuring the security of the assets.
Efficient Transfer: Asset transfers are processed in batches, with processing from Ethereum to Sonic every 10 minutes and the reverse every hour. Meanwhile, the 'Fast Lane' feature allows users to pay a small fee for instant bridging.
Decentralized Operation: The gateway is operated by validators on both chains, maintaining decentralization just like the Sonic platform, eliminating the risk of centralized control.
“To enable users to safely and trustlessly control their assets, we developed the Sonic gateway. This tool not only provides liquidity from other platforms but also ensures security through validators and fail-safe mechanisms, allowing users and applications to fully enjoy the benefits of cross-chain liquidity.” — Chief Research Officer of Sonic Labs, Bernhard Scholz
In the future, Sonic Labs plans to expand the gateway to other blockchains beyond Ethereum, providing users with direct, decentralized access to more blockchain-native assets.
Sonic Airdrop: S token incentive program
To promote the rapid development of the network, Sonic Labs will distribute 190.5 million S tokens through an airdrop program. This program targets users and developers and includes the following two incentive methods:
Sonic Points: Rewards for early adopters, asset holders, and active users.
Sonic Gems: Rewards developers for creating applications that attract users and drive innovation. Developers can convert Gems to S and distribute some tokens to users to incentivize ongoing use.
About Sonic
Sonic is a first-layer blockchain platform compatible with EVM, focused on providing robust infrastructure and generous incentive mechanisms for developers. The platform supports transaction speeds exceeding 10,000 TPS, sub-second confirmation times, and enhances liquidity and asset security through a secure Ethereum gateway.
For more information, please visit the official Sonic website and follow their Twitter.
Contact Information
Sonic Labs
press@soniclabs.com
