Deep Tide TechFlow news, on December 31, according to official news, the first SVM blockchain on Solana, Sonic SVM, announced its native token $SONIC's token economics. $SONIC will serve as the native token for the Sonic SVM and Multi-SVM ecosystem, driving long-term growth and development.
$SONIC has a total supply of 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 circulation accounting for 15% of the total supply.
The eligibility verification tool for the initial claim program will go live on January 3, allowing users to verify whether their wallets meet the claiming conditions. Meanwhile, the SonicX TikTok airdrop event will remain open until January 6, providing more users the opportunity to obtain $SONIC.