Sonic Labs, formerly known as Phantom, has announced the impending launch of its "Sonic Gateway," which will facilitate cross-chain transactions for Ethereum-based USDC, EURC, and WETH. The Gateway launch follows the mainnet activation on October 19th. As per the whitepaper, the native token S will have a total supply of 3.175 billion, mirroring the FTM token of the previous Phantom project. Sonic Labs has allocated 6% of the total initial token supply for an airdrop, with vesting to commence nine months post-launch. The specific launch date of the Gateway has yet to be disclosed but is anticipated within the next few days.

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