Sonic Labs, the team behind the Sonic Block chain of Layer-1, has been approved to broadcast $ 200 million in its tokens s to expand to the US capital markets. UU., Including the creation of a proposed product quoted in the stock market and an investment vehicle quoted in Nasdaq.
The vote ended on Sunday, with 99.99% of the sound tokens of 105 wallets used to approve the proposal. The proposal also complied with the required quorum of 700 million tokens s participating in the vote.
The company plans to assign $ 100 million in tokens S to build a strategic reserve for a Nasdaq Pipe (private investment in public capital) and $ 50 million for an ETP of Tokenses monitoring issued by a “regulated higher level ETF supplier” with more than $ 10 billion in assets. The background would be guarded by Bitgo, Sonic said.
Sonic said that Sonic USA LLC will also establish, will hire a CEO and a team based in the United States in New York to facilitate its tradfi plans and the participation of leading in Washington, DC, according to the general description of the proposal. 150 million tokens S would be used (with a value of $ 47.7 million) to start Sonic USA.
Many companies that quote on the stock market have resorted to cryptography to strengthen their balances, partly through the construction of cryptographic treasures and investing in funds quoted in spot exchange. The Sonic movement, however, turns this script by taking advantage of traditional financial instruments to be more competitive in cryptographic space.
Sonic needs “Tokenomic 2025”
The Sonic chain was launched in December 2024, after changing the name of the Fantom opera network, with FTM FTM tokens exchanged for Sonic tokens in a 1: 1 relationship as part of the migration process.
However, the Fantom Foundation had less than 3% of the original FTM tokens supply, since it preferred to buy its own token instead of selling it by associations.
Sonic said that the tokenomic that he inherited has prevented him from capitalizing the important opportunities, such as associating or investing in Gamestop, Robinhood and Polymket, in addition to previous tokens listings in key encryption exchanges. “[The] Tokens were not available when necessary, ”he said.
He pointed out that most of the teams behind the Layer 1 and 2S block chains hold 50% of the initial tokenomics supply for strategic initiatives, but the assignment of Sub-3% of Sonic has forced him to buy s tokens in the open market.
“We have Tokenomics 2018. We need 2025 tokenomics.”
Sonic to make the s file more deflationary
Sonic also plans to compensate for the new tokens S emission by updating its gas rates mechanism and directing a majority of the transaction rates that will be burned, which should reduce net inflation and create a long -term deflationary pressure on the supply.
In this way, “Sonic can play with the Big Tradfi Boys (ETF/Pipe) without sacrificing the headlines,” said the Blockchain company.
The Token S has not had a good performance since it was launched in January, falling almost 69% since then, according to Coingcko.
Sonic part of the Blockchain program of the United States Department of Commerce
Meanwhile, Sonic was cataloged as a participant in the United States Department of Commerce Department to publish economic data in the chain, taking advantage of the Oracle Blockchain services of Chainlink and Pyth.
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The measure means that developers can now refer to American macroeconomic statistics directly on Sonic without having to resort to the website of the Department of Commerce.
Sonic said the measure would unlock a new innovation on its platform, such as developing commercial models from gross internal data and inflation data and applying macro signals for chain lenders.
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