Sonic Labs: Governance proposal based on Fantom promotes a new token economy, airdropping approximately 200 million S tokens

ChainCatcher news, Sonic Labs posted on X stating that they are upgrading the tokenomics through four successful governance proposals for Fantom, which includes an airdrop of approximately 200 million S tokens. At launch, the circulating supply of S is about 2.88 billion, with an initial total supply of 3.175 billion, allowing for a 1:1 migration; six months after launch, the network will utilize a unique 9-month linear burn mechanism to mint 6% of the initial total supply to extend the airdrop activity to reward users/developers.

Additionally, six months after launch, the network will begin to mint 1.5% of the initial total supply annually over six years to fund growth, while annually burning unused S to ensure effective use; starting four years after launch, the network will mint 1.75% annually to permanently reward validators. All unused ecosystem growth tokens will be accounted for and burned annually. By 2031, the maximum expansion cap for S is 15% (excluding block rate rewards), during which various burn mechanisms are expected to significantly reduce the rate of expansion.