Sonic Blockchain, developed by Sonic Labs, offers high speed and developer support.
Key Features of Sonic Blockchain
Sonic uses a Proof-of-Stake consensus mechanism to process 10,000 transactions per second. The platform supports developers with its Fee Monetization system, returning up to 90% of transaction fees back to app creators.
Tokenization and Distribution of 'S' Tokens
The 'S' token is used within the Sonic network for various functions. The total supply is 3.175 billion, with much of it already in circulation. Sonic employs methods of gradual token release and burning to incentivize network growth and stabilize prices.
Developer Support and Incentive Programs
In addition to Fee Monetization, Sonic offers the Sonic Gems program, rewarding applications based on user engagement. This program motivates developers to create quality products without relying on additional investments.
Sonic Blockchain draws interest due to its speed, Ethereum compatibility, and unique economic incentives for developers.
