With our inaugural governance proposal approved, Sonic is now set to accelerate its expansion into the U.S. 🧵 Let's unpack the tokenomics.

Our U.S. expansion governance proposal was aimed at facilitating: 📈 U.S. ETF 🏛️ @Nasdaq DAT 🇺🇸 Sonic USA Entity Following the proposal's approval, the total supply of $S will increase from ~3.41 billion S to ~3.89 billion S. The circulating supply of $S will increase by ~472 million (+14.2%). These changes will occur by the end of the week. An additional $50M worth of $S will only be added to the total supply upon the final agreement of the ETF. The tokens introduced by the proposal will solely be used for: • Facilitating a Nasdaq DAT launch to raise significant capital for purchasing $S on spot markets. • Partnering with @BitGo and a major ETF provider to kickstart Sonic’s traditional finance markets. • Rollout of Sonic USA, appointing a CEO, assembling a full U.S. team, and establishing a NYC presence. Read full proposal: 🔗 snapshot.box/#/s:info.sonic/proposal/0x489f1583b2db1e6e752404626283249223a1dbfb7337f4fb7dbaf28b1da1b759…