ChainCatcher message, Sonic Labs announced on X that they are upgrading tokenomics based on 4 successful governance proposals for Fantom, which includes an airdrop of approximately 200 million S tokens. At launch, the circulating supply of S is around 2.88 billion, with an initial total supply of 3.175 billion, allowing for a 1:1 migration; six months after launch, the network will utilize a unique 9-month linear burn mechanism to mint 6% of the initial total supply for extending airdrop activities to reward users/developers.
Additionally, six months after launch, the network will begin minting 1.5% of the initial total supply annually over six years to fund growth, burning unused S tokens each year to ensure effective use; starting four years after launch, the network will mint 1.75% annually to permanently reward validators. All unused ecosystem growth tokens will be accounted for and burned each year. By 2031, the maximum expansion cap for S will be 15% (excluding block rate rewards), during which various burn mechanisms are expected to significantly reduce the expansion rate.
