// Project Introduction

Sonic SVM is the first SVM launched on Solana. Sonic SVM has established the first Web3 TikTok application layer, bringing millions of TikTok users to Solana. Sonic SVM is also the leading gaming ecosystem on Solana.

- Full English Name: Sonic SVM

- Abbreviation: SONIC

- Total Issuance: 2,400,000,000

- Contract Address: SonicxvLud67EceaEzCLRnMTBqzYUUYNr93DBkBdDES

// Funding Situation

- Disclosed funding amount: 16M

- Investors include: Republic Capital, OKX

// Token Economics:

- Community and Ecosystem Development (30%)

- Airdrop (7%): TikTok gaming users

- HyperGrid Rewards (20%)

- Investors (15%)

- Foundation (20%)

- Early Supporters (8%)

/ Initial Circulation Accounts for 15% of Total (360 million)

// Valuation Comparison:

Ton TG L1 MC: 14B FDV: 28B

XAI ARB L3 MC: 264M FDV: 660M

// Operational Plan

Benchmarking XAI MC: 264M Opening Price: 0.73 Considering the support from Upbit

- If the opening price is below 0.5, I personally feel it is an undervalued opportunity.

- Above 1U, I would consider shorting

// Trading Time:

- SONIC auction bidding time: January 7, 2025, from 7:00 PM to 8:00 PM (UTC+8) (OKX)

- SONIC/USDT spot trading opening time: January 7, 2025, at 8:00 PM (UTC+8)