Sonic, a Solana Virtual Machine (SVM) layer, plans to launch its native token, SONIC, on January 7, 2025, as a layer-2 network developed for games and applications. This development is a critical milestone in Solana L2 Sonic’s roadmap and aims to strengthen the gaming-focused blockchain ecosystem and increase the scalability of the infrastructure.
Token Distribution Plans
In their latest post, the Sonic team announced plans for a Token Generation Event (TGE) of the SONIC token. It was stated that the total supply is limited to 2.4 billion tokens, of which 57% is allocated to the community. This distribution includes tokens reserved for ecosystem development, initial claims, and rewards within the Sonic HyperGrid framework.
During the TGE, 15% of the total supply will circulate, aiming to support early adoption. The team confirmed that the SONIC token will be listed on both centralized exchanges and Solana-based decentralized exchanges, and details will reportedly be shared via social media.
Usage Areas of Token
SONIC token will play a central role in the Solana L2 ecosystem. It will function as a means of payment within Sonic SVM applications, support staking rewards, and enable community management.
Validators on the Sonic HyperGrid network will be required to stake SONIC tokens, and delegates who contribute to the staking pool will earn rewards. This structure aims to ensure the stability and decentralization of the network while encouraging active participation.
Future Plans and Market Expectations
The Solana L2 SONIC token launch represents the first phase of the Layer-2 blockchain. This stage includes enabling the HyperGrid Shared Sequencer Network and Sonic SVM Genesis. In the second phase, the distribution of mainnet alpha, the introduction of bridges and the launch of Sonic X applications for Android and iOS are planned in 2025.
Solana price forecast for 2025 reflects a positive market sentiment with its strong ecosystem and increasing adoption. Analysts predict that SOL price could reach the $400 target in 2024, continuing the trend in which it rose from $84 to $263.83.
The launch of the SONIC token will support the growth of the network by providing new opportunities for game and application developers in the Solana ecosystem. The community-focused nature of token distribution aims to increase user participation. While future plans strengthen Sonic’s technological infrastructure, the rise in SOL price is expected to continue.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
