Cryptocurrency exchange Bitget announces the addition of Sonic SVM token to its Launchpool. This initiative allows users to lock their BGB tokens and earn a share of 7.8 million SONIC.
Campaign Details
The locking period begins on January 7, 2025, at 12:00 (UTC) and concludes on January 10, 2025, at 12:00 (UTC). Participants can unlock their tokens at any time during the event, with assets automatically returned to their spot accounts after the locking period ends.
What is Sonic SVM
Sonic SVM is the first Solana Virtual Machine extension tailored specifically for games and applications. It supports a Web3 TikTok-like app layer designed to onboard the next billion users. Sonic is built on the Sonic HyperGrid, an innovative framework for ensuring scalability and enhanced functionality in Web3 ecosystems.
Participation and Airdrop Details
The campaign pool allocates 7.8 million SONIC for distribution. Users participate by locking their BGB tokens, with locking limits varying by account level: VIP0 is capped at 10,000 BGB, and VIP1 to VIP7 at 30,000 BGB. The minimum locking requirement is 5 BGB. Airdrop distributions occur hourly based on a user's locked volume proportion.
The listing of Sonic SVM on Bitget's platform represents a step forward in supporting innovative Web3 and Solana-based solutions.
