Sonic Labs has launched its Sonic mainnet, a layer-1 blockchain platform for decentralized finance (DeFi) that aims to enhance the user experience and cater to developers.
Sonic mainnet offers several key features:
The platform introduces the S token, which allows for a seamless transition for existing FTM holders. Existing FTM holders can easily upgrade their tokens to the new S token.
Sonic's architecture includes a decentralized gateway to Ethereum, enhancing liquidity and asset security. The Sonic Gateway serves as a decentralized bridge between Ethereum and the Sonic mainnet, ensuring security, speed, and decentralization for asset transfers.
The Fee Monetization (FeeM) model allows developers to earn up to 90% of network fees, creating a collaborative and sustainable environment for application development.
Sonic Labs is distributing 190.5 million S tokens through an airdrop program to stimulate network growth and encourage user engagement.