SONIC Token Debuts on OKX and KuCoin Ahead of Mainnet
Sonic is planning to host a token generation event (TGE) to coincide with the upcoming mainnet launch. TGE will be held today, but the full mainnet won’t be released until February 10th.
The news comes from an exclusive press release shared with BeInCrypto.
Sonic creates TGE for mainnet startup
Sonic, a Solana-based game virtual machine (SVM), has been teasing this TGE and mainnet launch for some time. this The company was renamed from Fantom In August, the hope is to differentiate Sonic with new products.
September, Its testnet is onlineand the company Fully launched after multiple hypes over the next few months. Finally, there is an official date for the mainnet launch.
“The launch of the SONIC token will increase awareness of the network’s upcoming launch and allow more users to join its growing ecosystem. Sonic is fully prepared to deploy its mainnet and bring its web3 services into the mainstream goals.”
With today’s token launch, SONIC is now listed on multiple centralized exchanges, including OKX, Bybit, KuCoin and Mexico. According to CoinMarketCap dataFour hours after going online, MEXC currently has the largest trading volume. It is also available in a variety of DEX based on Solanaincluding Raydium and Meteora.
In late December, the company Announcement of large token airdrop For TikTok users, Sonic has attracted 2 million users through the app. GameFi is an important component The airdrop will support Sonic’s goal of widespread adoption of its platform.
However, Sonic is not a pure GameFi company, and its TGE announcement is aimed at leveraging its growing network capabilities. For example, at the end of December, the company Cooperate to build a cross-chain AI Agent hub. This mainnet release will include several new features that are completely different from GameFi.
Some of these features will include launching DEX and native RPC to optimize network reliability and scalability. Ultimately, it’s unclear how these incentives or new features will help attract new interest.
Although Sonic is doing well. Its market capitalization has been steadily declining for several weeks amid the broader cryptocurrency bull market. With the mainnet launch still more than a month away, it’s unclear how much Sonic’s promotional campaign will change its fortunes.
Disclaimer
follow trust project BeInCrypto is committed to fair and transparent reporting. This news article is designed to provide accurate and timely information. However, readers are advised to independently verify the facts and consult a professional before making any decisions based on the content of this article. Please note that our terms and Conditions, privacy policyand Disclaimer Updated.
