Sonic is planning a token era occasion (TGE) to coincide with its impending mainnet launch. The TGE is happening right this moment, however the full mainnet launch gained’t come till February 10.
This information comes from an unique press launch shared with BeInCrypto.
Sonic Creates TGE For Mainnet Launch
Sonic, a Solana-based gaming digital machine (SVM), has been teasing each this TGE and mainnet launch for a while. The corporate rebranded from Fantom in August and wished to differentiate Sonic with new merchandise.
In September, its testnet went dwell, and the agency repeatedly hyped the total launch within the ensuing months. Lastly, the mainnet launch has an official date.
“The launch of the SONIC token will increase consciousness of the community’s impending launch and onboard extra customers to its rising ecosystem. Sonic is effectively positioned to deploy its mainnet and notice its objective of mainstreaming entry to web3 companies,” the press launch claimed.
With In the present day’s token launch, SONIC is now listed on a number of centralized exchanges, together with OKX, Bybit, KuCoin and MEXC. In keeping with CoinMarketCap knowledge, the biggest buying and selling quantity is at present on MEXC after 4 hours of launch. It is usually accessible on a number of Solana-based DEXs, together with Raydium and Meteora.
In late December, the agency introduced a big token airdrop for TikTok customers, as Sonic onboarded 2 million customers by this app. GameFi is a crucial part of the corporate’s operations, and this airdrop will help Sonic’s objective to realize intensive adoption of its platform.
Nevertheless, Sonic doesn’t exist as a pure GameFi firm, and its TGE announcement seeks to play up its rising community capacities. For instance, in late December, the agency collaborated to construct a cross-chain AI Agent hub. This mainnet launch will incorporate a number of new options which might be completely distinct from GameFi.
A few of these options will embody the launch of a DEX and a local RPC to optimize community reliability and scalability. In the end, it’s unclear how effectively these incentives or new options will assist entice new curiosity.
Though Sonic carried out effectively within the generalized crypto bull market, it has been steadily shedding market worth for a number of weeks. The mainnet launch is greater than a month away, and it’s not possible to say how a lot Sonic’s publicity marketing campaign will change its fortunes.
