According to a message from ChainCatcher, Sonic Labs published a post on X stating that they are upgrading the tokenomics by approving 4 successful governance proposals for Fantom, including an airdrop of approximately 200 million S tokens. At launch, the circulating supply of S will be approximately 2.88 billion, with an initial total supply of 3.175 billion, allowing for a 1:1 migration ratio; within the first six months after launch, the network will utilize a unique 9-month linear burn mechanism to mint 6% of the initial total supply, which will be used to extend the airdrop campaign to reward users/developers.
Additionally, within the first six months after launch, the network will begin minting 1.5% of the initial total supply annually over 6 years to fund growth, while burning any unused S tokens to ensure efficient utilization; starting from the fourth year after launch, the network will mint 1.75% annually to permanently reward validators. All unused growth tokens will be accounted for and burned each year. By 2031, the maximum expansion cap for S will be 15% (excluding block rate rewards), during which various burn mechanisms are expected to significantly reduce the expansion rate.
