Sonic Labs has announced a new project aimed at integrating its token $S into the U.S. traditional finance market, linked to initiatives involving ETFs and ETPs, as well as attracting institutional investors.
Strategic Goals of Sonic Labs
Sonic Labs aims to actively integrate $S into the U.S. traditional capital markets. Set goals include creating a new governance structure and attracting new investments, with a focus on partnerships with companies like BitGo for secure asset custody.
Updated Tokenomics and Token Distribution
As part of the new proposal, Sonic Labs has revised its tokenomic strategies, planning to issue new tokens to support a $100 million NASDAQ PIPE and a $50 million ETF. Of 150 million $S tokens, 90% of transaction fees will be directed towards project support.
Future Plans and New Team
Sonic USA LLC is preparing to appoint a new CEO and form a team based in New York City. The project also plans to implement transparent on-chain transactions, which will enhance trust in its financial operations.
Sonic Labs' expansion into the U.S. traditional finance market may improve the project's visibility and competitiveness, positively impacting the overall performance of the $S token.