$FTM It is all over. This is it, from FTM to a confusing ticker Sonic by the same name of Solana's and in #Andrecronje and #michealkong right minds they rebranded FTM to someone else's pet project. Luckily, Solana didn't rebrand itself to FTM with ticker $F. This is how stupid the Fantom Foundation and team are. -NFA/DYOR-

$FTM It worked so hard to climb to $1.47, then to be ruined because they thought $Sonic or $S sounds nicer than FTM. In fact there's already a Solana project named $Sonic and to be listed as $Sonic. Idiot #Andrecronje and #micchealkong.

$FTM $VELODROME One of the projects founded by #Andrecronje got listed on Binance not long ago. Look at the price action, it is so similar to FTM. $S will have the same fate. Sorry to shatter your beautiful dream. -NFA/DYOR-

Claim your reward from my pinned post...

$FTM $VELODROME One of the projects founded by #Andrecronje got listed on Binance not long ago. Look at the price action, it is so similar to FTM. $S will have the same fate(?). -NFA/DYOR-

For all the L2/appchains out there, below the true cost of running a (even semi successful) blockchain (all USD Mio.);

#Oracles , #Stablecoins : 7.5 upfront, 3.5 annual
RPCs, Indexing, Dashboards: 0.2 upfront, 0.7 annual
VRFs, Keepers, Wallet-Support, Governance: 0.5 annual
Explorers, Custody, Risk management: 0.8 annual

Total: 13.2

The above is just for Sonic. Here are our cost centers for the last year;

R&D: 10.9
Eco: 10.7
Legal: 4.1
Compliance: 3.8
Infra: 2.4
Marketing: 1.4
Bounties: 1.2
Sponsorship: 0.4
Media: 0.35
Regulatory: 0.2
Events: 0.1

Total: 35.6

(The above does not include exchange listings, which fortunately, we did not need to do this year) - #andrecronje

#andrecronje is now building on #SONIC a layer-1 platform with a secure gateway to #Ethereum and provides the fastest settlement layer for digital assets with over 10,000 TPS and has a one-second confirmation time for transactions. The ecosystem will be supported by a massive incentive program.
The native token of the Sonic chain will be S, introducing numerous exciting changes compared to the $FTM

token of our existing Opera chain, such as a massive #airdrop , simplified staking, incentive programs, and more.
The launch of Sonic is scheduled for November/December 2024.

#andrecronje explains that technological evolution happens in stages, with both social and technical events playing key roles. They use the internet and #blockchain as examples, noting how developments like the ICO bubble in 2017 were necessary for decentralized finance ( #DEFİ ) to emerge.
Looking ahead, #SONIC by #SonicLabs is introduced as a blockchain solution overcoming current limitations with features like low-latency consensus, true finality, gas subsidies, and native account abstraction, paving the way for more advanced decentralized apps (dapps). Sonic will also enable privacy-preserving, on-chain credit scores, unlocking a potential $11 trillion market for DeFi developers.