Sonic Coin raises $700,000 as it aims to achieve a market cap of $100 million and a return of 25x.
Sonik is also a rising meme coin, and it is a meme based on the famous Sonic The Hedgehog character that Sega first introduced in 1991.
Sonic the Hedgehog is a childhood staple for anyone who grew up in the '90s, with the character starring in numerous video games and movies, so it seems fitting that Sonic is now the subject of a meme. Project Sonic is not affiliated with either the Sonic or Sega brand, but the reference to the character is clear.
Sonic stands out among memes like the Shiba Inu in that it is more than just a joke. This token also offers some benefit to investors in the form of staking, as the project team states that early investors in the Sonic coin will be able to stake their coins and earn additional Sonic coins.
This motivates token holders to hold Sonic for a long time, which supports the value of the token and increases demand for it. 40% of the total Sonik coin supply is said to be dedicated to staking rewards, with the promise of paying rewards to investors for years to come.
It is noteworthy that Sonic has shown some success since the launch of its pre-sale, raising more than $700,000 from its fixed cap of $2 million.
#Sonik #sega
