Sonic SVM announces token economics: a total of 2.4 billion tokens, 57% allocated to the community

According to ChainCatcher news, the first SVM blockchain on Solana, Sonic SVM, has announced its native token $SONIC tokenomics. SONIC will serve as the native token for the Sonic SVM and Multi-SVM ecosystems, driving long-term growth and development.

The total supply of SONIC is 2.4 billion tokens, of which 57% is allocated to the community, including community and ecosystem development (30%), initial claims (7%), and HyperGrid rewards (20%). The TGE is scheduled for January 7, 2025, with an initial circulation of 15% of the total supply.

The eligibility verification tool for the initial claims program will go live on January 3, allowing users to check if their wallets meet the claim criteria. Meanwhile, the SonicX TikTok airdrop event will remain open until January 6, providing more users with the opportunity to acquire $SONIC.