Sonic Labs officially launched their Sonic mainnet. This next-generation EVM compatible layer-1 blockchain is designed to empower developers by providing robust features and attractive incentives.
Sonic is a performance leader with its ability to process up to 10,000 transactions per seconds and finalization that occurs almost instantly. The platform also has a decentralized native bridge which seamlessly connects Ethereum. This makes it an excellent tool for developing innovative and high impact applications.
Sonic, spearheaded by Fantom’s team, is founded on technology that has been proven. Sonic’s introduction of S tokens propels it far beyond Fantom, FTM and reshapes the DeFi landscape. It is engineered to give developers the latest tools and to allow users to access a large amount of liquidity.
For FTM holders, the transition to Sonic couldn’t be easier—thanks to a simple 1:1 token upgrade to S.
Sonic Fee-Share: A new fee-sharing model that empowers developers
Sonic Labs revolutionizes how blockchain developers will be rewarded. Sonic is radically different from traditional platforms which prioritize extracting the value. Sonic uses a new approach, channeling back a large portion of its network fees to developers. This strategy is a reflection of a commitment to foster an ecosystem that values innovation, growth and sustainability.
You can also find out more about the following: Payment for Services (FeeM) This program has changed the game. The program allows developers to earn as much as 90% of the fees generated by their applications—similar to revenue-sharing models seen in Web2 platforms like YouTube, but implemented within a decentralized environment. This model rewards app success by increasing the amount of money developers receive as they attract more engagement and use.
Sonic gives developers the tools to scale and profit efficiently from their apps by combining proven digital monetization techniques with blockchain technology.
Sonic Gateway: The decentralized bridge
Blockchain ecosystems are growing, and the need for cross-chain security solutions that work efficiently is increasing. Many existing bridges are centralized, which makes them vulnerable to hacks.
Sonic Gateway from Sonic Labs is a game changer. This bridge connects Ethereum to Sonic in a seamless way, providing a user-friendly and secure experience. This is what makes it different:
- No Compromise Security Sonic Gateway places your asset security first. In the event that your bridge is inactive for more than two weeks, you can recover funds on Ethereum using a failsafe. A permanent safety-net ensures reliable protection and peace ofmind.
- Blazing-Fast Transfers: Transfers occur in predictable intervals—every 10 minutes from Ethereum to Sonic, and hourly in reverse. Want faster access? You can choose the Fast Lane Pay a small fee to get the feature of bridge.
- Decentralized operation: Sonic Gateway’s network of validators manages the bridge across both chains, as opposed to centralized bridges. The bridge is decentralized and there are no single points of failure.
You can bridge your Assets by:
- Sonic Gateway is a platform that allows you to access the Sonic Gateway.
- Web3 wallet can be used to connect your Web3 card.
- Select the asset that you wish to transfer.
- Sonic.com will tell you how much to expect.
- You must approve the transaction.
Sonic Labs plans on expanding the reach and functionality of Sonic Gateway. This includes adding support to more blockchains as well as enabling frictionless accessibility to native assets in different ecosystems. Sonic Gateway is a decentralized solution that eliminates all vulnerabilities caused by centralized or third-party solutions.
How to switch from FTM (Full Time Mode) to S.
FTM users should consider upgrading to Sonic as Fantom is becoming Sonic. S token. Sonic Labs created an upgrade portal that is easy to navigate. MySonic. The conversion of your FTM into S tokens can be done easily and at a 1:1 ratio.
Upgrade your computer:
- The Head of the FTM-to-S upgrade portal.
- Your Web3 compatible wallet is ready to use.
- Enter the FTM value you would like to convert.
- Confirm how many S tokens will you receive.
- Accept and submit your transaction.
It is a quick, seamless process. After completing the exchange, your new S tokens should appear in Sonic’s wallet within a few moments.
The first 90 Days After launch, you can convert between FTM to S.
Unlocking Growth : 190.5 M S Airdrop
Sonic Labs will be distributing a large number of games via airdrop. 190.5 million S tokens Sonic Network to users and developers to increase growth. There are two rewards systems in the Sonic initiative. Sonic Points You can also find out more about the following: Sonic Gems.
- Sonic Points These rewards are designed to reward activities, such as app use, early adoption and asset ownership. It encourages long-term participation.
- Sonic Gems Focus on developers to incentivize applications that encourage user interaction and innovate. The developers can turn their Gems earned into S tokens that can be used as rewards for their users. This will boost growth and activity.
Sonic Points & Gems distribution will take place across various platforms SeasonsThis will ensure a stable and flexible rewards program. The first series is expected to conclude in June 2025.
Sonic Labs, with its innovative technology, developer incentives and seamless experience for users, is set to revolutionize the blockchain landscape. It will enable a new age of innovation, scaleability and success decentralized.
Blockworks does not endorse this content. It is important to note that the veracity and accuracy of this information has not been confirmed. Before making any financial decisions, we encourage our readers to do their own research.
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