{"id":3797,"date":"2024-12-24T11:33:00","date_gmt":"2024-12-24T03:33:00","guid":{"rendered":"http:\/\/www.tocoin.com\/?p=3797"},"modified":"2024-12-24T17:06:22","modified_gmt":"2024-12-24T09:06:22","slug":"sonic-labs-plans-to-upgrade-s-token-economics-through-4-governance-proposals-and-will-subsequently-adopt-multiple-destruction-mechanisms-to-control-the-upper-limit","status":"publish","type":"post","link":"http:\/\/tocoin.com\/index.php\/2024\/12\/24\/11\/33\/00\/3797\/","title":{"rendered":"Sonic Labs: Plans to upgrade S token economics through 4 governance proposals, and will subsequently adopt multiple destruction mechanisms to control the upper limit"},"content":{"rendered":"\n<p>Sonic Labs announced in a post on X that they are upgrading Sonic&#8217;s token economics, which will be decided by four governance proposals on Fantom, including airdropping approximately 200 million S tokens.<\/p>\n\n\n\n<p>At launch, the circulating supply of S was approximately 2.88 billion, with an initial total supply of 3.175 billion, allowing for a 1:1 migration ratio;<\/p>\n\n\n\n<p>After six months, the network will use a unique 9-month linear burn mechanism to burn 6% of the initial total supply, which will be used to extend the airdrop activity to reward users\/developers;<\/p>\n\n\n\n<p>In addition, after six months of launch, the network will begin to mint 1.5% of the initial total supply annually over a period of six years to fund growth, and burn unused S tokens each year to ensure effective use;<\/p>\n\n\n\n<p>Starting from the fourth year after launch, the network will mint 1.75% annually to permanently reward validators.<\/p>\n\n\n\n<p>All unused ecological growth tokens will be accounted for and burned annually.<\/p>\n\n\n\n<p>By 2031, the maximum expansion limit for S will be 15% (excluding block rewards), and various burn mechanisms are expected to significantly reduce expansion during this period.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sonic Labs announced in a post on X that they are upgra [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"_links":{"self":[{"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/posts\/3797"}],"collection":[{"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/comments?post=3797"}],"version-history":[{"count":1,"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/posts\/3797\/revisions"}],"predecessor-version":[{"id":3815,"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/posts\/3797\/revisions\/3815"}],"wp:attachment":[{"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/media?parent=3797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/categories?post=3797"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/tocoin.com\/index.php\/wp-json\/wp\/v2\/tags?post=3797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}