Sonic SVM launches SONIC token value accumulation mechanism, replacing destruction mode with strategic buy-and-lock system

PANews reported on May 19th that according to Chainwire, Sonic SVM, a Solana ecosystem expansion chain, announced a major upgrade to its token economic model, launching a SONIC token value accumulation mechanism. The new design replaces the previous burning model with a strategic buy-and-lock system aimed at creating long-term value for token holders. Under the new mechanism, 50% of all previously burned transaction fees will be used to purchase SONIC tokens from the open market. These purchased tokens will be locked in a dedicated vault and unlocked according to a 24-month linear vesting schedule to create buying pressure and reduce circulating supply. The updated mechanism also introduces a new approach to SONIC token fees (12.5% of total transaction fees): SOL collected as SONIC fees will be staked on the Solana mainnet, staking rewards will be paired with monthly vested SONIC tokens, these pairs will form a liquidity pool on the Sonic SVM mainnet, and liquidity providers on the Sonic SVM mainnet will receive additional incentives.