Sonic is a modern Layer-1 blockchain platform, created by Sonic Labs (formerly known as Fantom). Co-founder and main architect André Cronje is a well-known figure in the blockchain industry. Sonic aims to provide high transaction speeds and profitable conditions for developers.
Key Features of Sonic
Sonic uses a Proof-of-Stake consensus mechanism to achieve high processing speed of up to 10,000 transactions per second. The platform supports Ethereum compatibility through the Gateway bridge, allowing users to move tokens between Sonic and Ethereum. One of Sonic's unique features is the fee monetization system that returns up to 90% of fees to developers.
S Token: Distribution and Economics
The main token of the Sonic network is the S token, with an initial supply of 3.175 billion. The platform has mechanisms for issuing new tokens, validator rewards, and airdrop programs for active users. The initial token distribution was aimed at creating an active community, while the newly issued tokens are intended for financing needs and network development.
Developer Support and Sonic Gems Program
In addition to the fee monetization system, Sonic offers the Sonic Gems program to support app creators. It rewards applications that show strong user engagement metrics. This allows developers to generate revenue without requiring investment or charging users additional fees.
Sonic represents a technological evolution in blockchain design due to its high performance and economic initiatives for developers. The future success of this platform depends on its adoption by developers and users seeking faster transactions and an improved user experience.
