Sonic Labs (formerly Phantom), a blockchain-based gaming company, has recently announced significant tokenomics upgrades based on four governance proposals passed by the Fantom (FTM) community. These upgrades aim to enhance the utility and value of the company's S Token. One of the key upgrades is the introduction of an S Token burning mechanism. This mechanism will periodically remove a portion of the circulating S Tokens from the market, reducing the overall supply and potentially increasing the value of the remaining tokens. Additionally, Sonic Labs announced an airdrop of up to 200 million S Tokens to all FTM stakers who vote on the governance proposals. The airdrop is part of the company's efforts to reward its loyal community and incentivize participation in governance. Sonic Labs had previously released its S Token whitepaper in October, outlining the token's utility and distribution. The recent tokenomics upgrades further strengthen the token's position as a key component of the Sonic Labs ecosystem.