BlockBeats today officially announced the launch of the Sonic mainnet, which is an EVM-compatible Layer-1 blockchain platform dedicated to providing developers with excellent infrastructure and generous incentive mechanisms.
The Sonic mainnet supports 10,000 transactions per second (TPS) and achieves sub-second finality, and is equipped with a decentralized Ethereum access gateway to help developers build next-generation applications on this unparalleled infrastructure and liquidity platform.
Sonic is built by the core team behind Fantom, and its native token S has achieved a major breakthrough compared to Fantom and FTM. Through a one-to-one upgrade mechanism, existing FTM holders can seamlessly switch to S and start using Sonic.
Sonic positions itself as the core of the DeFi ecosystem, innovating the developer incentive mechanism while providing users with a smooth experience and massive liquidity access.
Fee Monetization: Developers First
Sonic's Fee Monetization (FeeM) mechanism borrows from the ad revenue model widely used on platforms like YouTube in the Web2 era, allowing developers to receive up to 90% of the network fees generated by their applications. Compared to many blockchains that only provide limited developer incentives and focus mainly on value extraction, Sonic's FeeM model effectively solves this problem.
Sam Harcourt, Head of Business Development at Sonic Labs, said, "Recently, we have seen the launch of many new chains, especially some centralized Layer 2s, where the founding teams have taken all the network fee revenue. This model excludes developers and forces them to charge users additional fees to generate income. The FeeM model directly incorporates developer rewards into the chain, ensuring that network fees can be shared with developers at the root level."
On the Sonic chain, developers can receive a share of the network fees generated by the traffic and interactions attracted by their applications, providing them with an embedded, continuous revenue mechanism.
From Fantom to Sonic: FTM Upgraded to S
Fantom and its token FTM are officially upgraded to Sonic and the S token. Sonic Labs provides a one-to-one seamless upgrade service for FTM holders through a dedicated upgrade portal on the MySonic platform, converting FTM to S.
Michael Kong, CEO of Sonic Labs, said, "The launch of the Sonic chain marks a complete upgrade of Fantom. We have built this revolutionary platform based on its nearly 100% stable operation record since 2019. Sonic prioritizes the needs of developers, empowering them to create applications with a smooth user experience and to share in the network fee revenue."
Within the first 90 days after the Sonic mainnet launch, holders can freely convert between FTM and S tokens through the upgrade platform. After this deadline, holders will only be able to upgrade from FTM to S.
Sonic Gateway: Secure Decentralized Cross-Chain Interoperability
As cross-chain activities rise, secure and trustless cross-chain bridges have become more important than ever. Traditional Layer-1 and Layer-2 cross-chain bridge solutions often rely on centralized systems, which can pose the risk of potential losses of billions of dollars.
Sonic Gateway addresses these challenges as a decentralized, trustless bridge connecting Ethereum and Sonic, providing the following key features:
· Security: Built-in fault tolerance mechanism. If the Gateway stops running for more than 14 days, user funds can be recovered on Ethereum, ensuring asset safety.
· High Efficiency: Asset transfers use an efficient batch processing mechanism (processed every 10 minutes from Ethereum to Sonic, and every hour in the reverse direction). Additionally, users can enable the Fast Lane feature by paying a small fee to achieve instant cross-chain transfers.
· Decentralization: Operated by the validators of Sonic on both chains, the decentralization of Sonic Gateway is consistent with the Sonic network itself, avoiding the risks of centralized control.
Bernhard Scholz, Chief Research Officer of Sonic Labs, said, "To empower users to achieve efficient and trustless asset management, we have developed Sonic Gateway, a cross-chain bridge that can provide liquidity from other platforms. Supported by our validators and with built-in security safeguards, the Gateway allows users and applications to safely leverage the advantages and incentives of the new liquidity."
Sonic Labs plans to expand the Gateway to blockchains beyond Ethereum in the future, providing users with direct decentralized access to the native assets of multiple blockchains.
Sonic Airdrop: S Token Distribution Plan
To promote network growth, Sonic Labs has launched an airdrop program to distribute 19.05 million S tokens, focusing on incentivizing users and developers. The program includes two incentive mechanisms:
· Sonic Points: Rewards early adopters, asset holders, and active participants.
· Sonic Gems: Rewards developers by encouraging the development of user-driven activities and innovative applications. Developers can convert Gems to S tokens and share them with users, incentivizing continued use of the applications.
About Sonic
Sonic is an EVM-compatible Layer-1 platform designed to provide developers with generous incentives and powerful infrastructure. The chain supports over 10,000 transactions per second (TPS), achieves sub-second confirmation, and enhances liquidity and asset security through a secure Ethereum gateway.
For more information, please visit the Sonic official website and follow Sonic's Twitter account.
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