Sonic (formerly Fantom) has seen its first block born, and the airdrop snapshot has been completed.
(Crypto City) Previously reported that the well-known public chain project Sonic Labs (formerly Fantom) has launched the testnet and initiated an airdrop points activity. Recently, the official announced that the first block of the Sonic mainnet has been successfully created, heralding the imminent launch of the mainnet, and the airdrop snapshot for the S token has also been completed.
Sonic Labs aims to achieve 'sub-second transaction confirmation', processing 10,000 transactions per second while keeping the confirmation time under 1 second.
Recently, Sonic Labs launched the testnet version 2.0 'Blaze'. The official claims that among the first batch of over 220,000 blocks, the average block generation time is only 1.17 seconds, and the final confirmation time for transactions has been shortened to just 0.85 seconds.
As for the airdrop matters that the community cares about, Sonic Labs stated that approximately 190 million S tokens will be airdropped, with the official website showing a total value of up to 240 million USD, which can later be exchanged 1:1 with Fantom ($FTM).
In addition, Sonic Labs will launch the Sonic Gateway Ethereum cross-chain bridge, which can not only bring in Ethereum's large user base and liquidity but also maintain high efficiency and low cost.
Image source: Twitter Sonic previously launched testnet 2.0 Blaze.
Fantom ($FTM) has risen approximately 30% in a week.
Due to the upcoming launch of the Sonic mainnet and expectations around the airdrop, the price of $FTM soared by 20%, rising from $1 to a peak of $1.34, with a cumulative increase of over 80% in the past 14 days, reaching a new high since March 2022.
(BeInCrypto) Analysts point out that the average trend indicator (ADX) for $FTM has risen to 35.6, well above the strong trend threshold of 25, indicating strong market momentum at present.
On the blockchain data side, the number of whales holding $FTM (from millions to tens of millions) has gradually increased, which is often seen as a bullish signal. Analysts predict that if the upward trend continues, it is expected to test the resistance level between $1.4 and $1.5, equating to an increase of about 15% from the current price.
Image source: BeInCrypto Fantom ($FTM) price trend forecast analysis.
Sonic airdropped nearly 200 million S tokens; who can claim them?
Sonic Labs' airdrop plan is divided into two parts: 'Sonic Arcade' and 'Sonic Boom'. The former allows users to earn points through free mini-games, with the points determining the amount of $S tokens received; the latter rewards developers, who can earn Sonic Gems by adopting Sonic-developed dApp products in areas such as lending, NFTs, yield tools, DePIN & AI.
(Crypto City) Introducing how to play Sonic Arcade:
Sprinkling 200 million S tokens! Sonic free airdrop tutorial, methods to earn points through games all in one view.
As of the time of writing today, the two major airdrop events mentioned above have both closed. The official airdrop time has not yet been announced. Please be cautious of phishing messages or websites until further notice from the official.
With the upcoming launch of the Sonic mainnet and the completion of the airdrop snapshot, cryptocurrency investors and tech enthusiasts are closely watching its future developments, indicating that the competition among popular public chains in this bull market, such as Base, Sui, Aptos, and Solana, may become increasingly intense.
[Disclaimer] The market carries risks, and investment must be cautious. The content of this article is for reference only. Participating in cryptocurrency investment carries significant risks, and users should refer to more diverse indicators to determine whether to invest, and consider whether any opinions, views, or conclusions in this article align with their specific circumstances. Invest at your own risk.
'FTM has risen over 80% in two weeks! The Sonic airdrop snapshot is complete; who can claim about 200 million S tokens?' This article was first published on 'Crypto City'.