S (S) Tokenomics
S (S) Information
Sonic is an EVM L1 platform that offers developers attractive incentives and powerful infrastructure for DeFi. The chain provides 10,000 TPS and sub-second confirmation times, powering the next generation of decentralized applications. Sonic's Fee Monetization (FeeM) program rewards developers with up to 90% of the fees their apps generate, adapting the Web2 ad-revenue model to a decentralized framework. Developers now directly profit from their app's traffic and user engagement. Furthermore, the Sonic Gateway provides developers and users with seamless access to vast liquidity through a native, secure bridge connected to Ethereum. With a unique fail-safe mechanism, it ensures your assets are protected in all circumstances.
S (S) Tokenomics & Price Analysis
Explore key tokenomics and price data for S (S), including market cap, supply details, FDV, and price history. Understand the token's current value and market position at a glance.
In-Depth Token Structure of S (S)
Dive deeper into how S tokens are issued, allocated, and unlocked. This section highlights key aspects of the token's economic structure: utility, incentives, and vesting.
Overview
Sonic (S), the successor to Fantom (FTM), is a Layer 1 blockchain project with a new token economic model following its rebrand and network upgrade in 2024. The S token is set to launch in December 2024, with a total initial supply of 3.18 billion, matching the maximum supply of FTM. FTM holders can swap their tokens for S at a 1:1 ratio for six months after launch.
Issuance Mechanism
- Initial Supply: 3.18 billion S tokens at launch (December 2024).
- FTM to S Conversion: FTM holders can swap FTM for S at a 1:1 ratio for six months post-launch. For the first 90 days, swaps are bidirectional; after that, only FTM-to-S swaps are allowed.
- Inflation:
- For the first four years, Sonic will migrate Fantom Opera’s remaining inflationary FTM block rewards to S, distributing ~70.07 million S per year (~2.21% of initial supply) to Sonic validators.
- After four years, S will become inflationary, with a target annual inflation rate of 1.75% (if 50% of supply is staked) for block rewards.
- Six months after launch, S will also have an additional inflationary emission of 1.5% of the initial supply (~47.63 million S) per year for six years, directed to Sonic Labs for operational funding, with unused tokens burned at year-end.
Allocation Mechanism
| Allocation Category | Amount (S) | % of Initial Supply | Notes |
|---|---|---|---|
| Token Sales (Fantom era) | ~1.33 billion | ~41.89% | Includes seed, private, and public sales (2018) |
| Sonic Labs Innovator Fund | 200 million | ~6.3% | For grants, infrastructure, and partner migration |
| Airdrop (6 months post-launch) | 190.5 million | 6.0% | To historic Fantom Opera and new Sonic users |
| Operational Funding (6 years) | ~47.63 million/yr | 1.5%/yr | For Sonic Labs, unused tokens burned |
| Validator Incentives (first 4 yrs) | ~70.07 million/yr | 2.21%/yr | Migrated from Fantom Opera block rewards |
Usage and Incentive Mechanism
- Staking: S tokens can be staked to secure the network and earn block rewards. Validators and delegators participate in consensus and receive incentives.
- Grants & Ecosystem: The Sonic Labs Innovator Fund (200M S) is used for grants to developers, infrastructure partners, and ecosystem growth.
- Airdrops: 190.5M S will be airdropped to reward both historic Fantom users and new Sonic users.
- Operational Funding: Inflationary emissions support Sonic Labs’ operations, business development, and community growth, with a burn mechanism for unused tokens.
Locking Mechanism
- Staking Lock-up: S token staking on Sonic will have a maximum lock-up period of 14 days, designed to support liquid staking protocols and provide flexibility.
- FTM Staking Migration: Users with locked FTM on Fantom Opera can unlock and bridge their tokens to Sonic immediately upon launch.
Unlocking Time
- FTM to S Swap: Available for six months post-launch (bidirectional for 90 days, then FTM-to-S only).
- Airdrop: 190.5M S will be distributed six months after launch.
- Staking Unlock: S tokens staked on Sonic can be unlocked after a maximum of 14 days.
- Operational Funding Unlock: Emissions for operational funding begin six months after launch and continue for six years, with annual burns of unused tokens.
Summary Table
| Mechanism | Details |
|---|---|
| Issuance | 3.18B S at launch; FTM-to-S swap (1:1, 6 months); inflation after 4 years |
| Allocation | Sales, grants, airdrop, validator rewards, operational funding |
| Usage/Incentives | Staking, grants, airdrop, operational support |
| Locking | Max 14-day lock for staking; immediate unlock for FTM stakers migrating to Sonic |
| Unlocking | FTM-to-S swap (6 months); airdrop (6 months post-launch); staking unlock (14 days max) |
Additional Notes
- The S token will only exist on Sonic, while FTM will remain on Fantom Opera.
- The tokenomics are designed to incentivize early adoption, ecosystem growth, and long-term network security.
- All unused operational funding emissions are burned annually, introducing a deflationary aspect to the inflation schedule.
For more details, see the official Sonic documentation and governance proposals.
S (S) Tokenomics: Key Metrics Explained and Use Cases
Understanding the tokenomics of S (S) is essential for analyzing its long-term value, sustainability, and potential.
Key Metrics and How They Are Calculated:
Total Supply:
The maximum number of S tokens that have been or will ever be created.
Circulating Supply:
The number of tokens currently available on the market and in public hands.
Max Supply:
The hard cap on how many S tokens can exist in total.
FDV (Fully Diluted Valuation):
Calculated as current price × max supply, giving a projection of total market cap if all tokens are in circulation.
Inflation Rate:
Reflects how fast new tokens are introduced, affecting scarcity and long-term price movement.
Why Do These Metrics Matter for Traders?
High circulating supply = greater liquidity.
Limited max supply + low inflation = potential for long-term price appreciation.
Transparent token distribution = better trust in the project and lower risk of centralized control.
High FDV with low current market cap = possible overvaluation signals.
Now that you understand S's tokenomics, explore S token's live price!
How to Buy S
Interested in adding S (S) to your portfolio? MEXC supports various methods to buy S, including credit cards, bank transfers, and peer-to-peer trading. Whether you're a beginner or pro, MEXC makes crypto buying easy and secure.
S (S) Price History
Analyzing the price history of S helps users understand past market movements, key support/resistance levels, and volatility patterns. Whether you are tracking all-time highs or identifying trends, historical data is a crucial part of price prediction and technical analysis.
S Price Prediction
Want to know where S might be heading? Our S price prediction page combines market sentiment, historical trends, and technical indicators to provide a forward-looking view.
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Disclaimer
Tokenomics data on this page is from third-party sources. MEXC does not guarantee its accuracy. Please conduct thorough research before investing.
