Source: Sonic Labs

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Sonic Labs officially announced the launch of the Sonic mainnet today, which is a Layer-1 blockchain platform compatible with EVM, dedicated to providing developers with excellent infrastructure and rich incentive mechanisms.

Sonic mainnet supports 10,000 transactions per second (TPS), achieves sub-second finality, and integrates a decentralized Ethereum gateway, empowering developers to build next-generation applications on this unparalleled infrastructure and liquidity platform.

Sonic is built by the core team behind Fantom, and its native token S has achieved significant breakthroughs compared to Fantom and FTM. Through a one-to-one upgrade mechanism, existing FTM holders can seamlessly switch to S and start using Sonic.

Sonic positions itself as the core of the DeFi ecosystem with mature technical experience, innovating developer incentive mechanisms, and providing users with a smooth user experience and massive liquidity access.

Cost tokenization: developer first

Sonic’s Fee Monetization (FeeM) mechanism draws on the widely used advertising revenue model of platforms like YouTube in the Web2 era, allowing developers to earn up to 90% of the network fees generated by their applications. In contrast to many blockchains that only provide limited developer incentives and mainly focus on value extraction, Sonic’s FeeM model effectively addresses this issue.

Sam Harcourt, Head of Business Development at Sonic Labs, said, “Recently, we have seen many new chains go online, especially some centralized Layer 2 chains, whose founding teams collect all network fees. This model excludes developers and forces them to charge users additional fees to generate revenue. The FeeM model directly writes developer rewards into the chain, fundamentally ensuring that network fees can be shared with developers.”

On the Sonic chain, developers can receive a share of the network fees generated from the traffic and interaction attracted by their applications, providing them with a built-in mechanism for continuous income.

From Fantom to Sonic: FTM upgrades to S

Fantom and its token FTM have officially upgraded to Sonic and S tokens. Sonic Labs provides one-to-one seamless upgrade services for FTM holders through the exclusive upgrade portal on MySonic platform, converting FTM to S.

Sonic Labs CEO Michael Kong said, “The launch of the Sonic Chain marks a new upgrade for Fantom. Based on its nearly 100% stable operation record since 2019, we have built this revolutionary platform. Sonic prioritizes meeting the needs of developers, empowering them to create applications with smooth user experiences and earn a share of revenue from network fees.”

Within the first 90 days after the launch of the Sonic mainnet, holders can freely exchange between FTM and S tokens through the upgraded platform. After this period, holders will only be able to upgrade from FTM to S.

Sonic gateway: secure decentralized cross-chain interoperability

With the rise of cross-chain activities, secure and trustless cross-chain bridges have become more important than ever. Traditional Layer-1 and Layer-2 cross-chain bridge solutions typically rely on centralized systems, which could lead to potential loss risks of billions of dollars.

To address these challenges, as a decentralized and trustless bridge connecting Ethereum and Sonic, Sonic gateway provides the following key functions:

· Security: Built-in fault protection mechanism. If the gate stops running for more than 14 days, user funds can be recovered on Ethereum to ensure asset safety.

· Efficient Speed: Asset transfers are processed using an efficient batch processing mechanism (from Ethereum to Sonic every 10 minutes, and in reverse every hour). In addition, users can enable the Fast Lane feature by paying a small fee to achieve instant cross-chain transfers.

· Decentralization: Sonic gateway operates in a decentralized manner with validators on both chains, ensuring the same level of decentralization as the Sonic network itself and avoiding the risk of centralized control.

Sonic Labs Chief Research Officer Bernhard Scholz said, “To empower users to achieve efficient and trustless asset management, we have developed the Sonic gateway, a cross-chain bridge that can provide liquidity from other platforms. With the support of our validators and the built-in security mechanisms, the gateway allows users and applications to safely leverage the benefits and incentives brought by new liquidity.”

Sonic Labs plans to expand the gateway to blockchains other than Ethereum in the future, providing users with direct decentralized access to the native assets of multiple blockchains.

Sonic Airdrop: S token distribution program

To promote network growth, Sonic Labs has launched an airdrop program, distributing 1.905 billion S tokens, focusing on incentivizing users and developers. The program includes two incentive mechanisms:

**· Sonic Points：**Rewards early users, including early adopters, asset holders, and active participants.

· Sonic Gems: Reward developers by incentivizing user activity and innovation-driven applications. Developers can convert Gems to S tokens and share these tokens with users to incentivize ongoing app usage.

About Sonic

Sonic is an EVM-compatible Layer-1 platform that provides developers with generous incentives and powerful infrastructure. The chain supports a transaction throughput of over 10,000 transactions per second (TPS), achieves sub-second confirmation, and enhances liquidity and asset security through a secure Ethereum gateway.

For more information, please visit the official Sonic website and follow Sonic’s Twitter account.

This article is from a submission and does not represent the point of view.

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