MetaEra news, on May 19 (UTC+8), the first SVM expansion chain of the Solana ecosystem, Sonic SVM, announced an upgrade to the $SONIC token model, introducing a repurchase lock-up mechanism to replace the previous burn model. In the future, 50% of on-chain transaction fees will be used to repurchase $SONIC from the market and lock it up for 24 months with linear release. Additionally, Sonic SVM will convert part of the transaction fees into SOL and stake it on the Solana mainnet, with staking rewards paired with $SONIC injected into the liquidity pool to support mainnet liquidity building and provide additional incentives for LPs. (Source: TechFlow)
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
MetaEra news, on May 19 (UTC+8), the first SVM expansion chain of the Solana ecosystem, Sonic SVM, announced an upgrade to the $SONIC token model, introducing a repurchase lock-up mechanism to replace the previous burn model. In the future, 50% of on-chain transaction fees will be used to repurchase $SONIC from the market and lock it up for 24 months with linear release. Additionally, Sonic SVM will convert part of the transaction fees into SOL and stake it on the Solana mainnet, with staking rewards paired with $SONIC injected into the liquidity pool to support mainnet liquidity building and provide additional incentives for LPs. (Source: TechFlow)