PANews reported on December 31 that, according to official news, Sonic SVM on the Solana SVM blockchain announced its native token SONIC tokenomics, with SONIC serving as the native token for both Sonic SVM and the Multi-SVM ecosystem, promoting long-term growth and development.
The total supply of SONIC is 2.4 billion tokens, of which 57% is allocated to the community, including community and ecosystem development (30%), initial claims (7%), and HyperGrid rewards (20%). The Token Generation Event (TGE) is scheduled for January 7, 2025, with an initial circulating supply of 15%. SONIC will be fully distributed within six years, at which point all SONIC will be in circulation, with the majority allocated to the community. No team or investor tokens will be unlocked in the first 12-18 months post-launch, and locked tokens cannot be staked.
The initial snapshot for SONIC claims has been completed as of December 31, 2024. 7% of the total SONIC supply has been allocated for initial claims. The eligibility verification tool for the initial claim program will go live on January 3, allowing users to check if their wallets meet the claiming criteria. Meanwhile, the SonicX TikTok airdrop event will remain open until January 6, providing more users with the opportunity to acquire SONIC.