Sonic is an EVM layer-1 platform with 10,000 TPS, sub-second finality, and the Sonic Gateway, a secure bridge to Ethereum for enhanced liquidity and asset security. It provides powerful infrastructure and attractive incentives for developers.
Sonic (ex. FTM) (S) Crypto Exchange
See current Sonic (ex. FTM) exchange rate on ChangeNOW. No need to create an account. Remember: cryptocurrencies are volatile; always do your own research before exchange.
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- 980Currencies available for exchange
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What is Sonic (S)?
Sonic, formerly FTM, is an EVM layer-1 platform delivering 10,000+ TPS and sub-second confirmation for next-gen decentralized apps. Its Fee Monetization (FeeM) program lets developers earn up to 90% of app-generated fees, blending Web2 ad-revenue models with decentralization. The Sonic Gateway ensures secure access to Ethereum liquidity via a native bridge with a fail-safe mechanism to protect assets.
The native token of the Sonic network has multiple functions, such as governance, staking, and fee generation.
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Sonic (S) FAQ
The $S token is Sonic’s native token, used for paying transaction fees, staking, running validators, and participating in governance decisions.
At launch, Sonic’s total supply of 3.175 billion $S corresponds to the 3.175 billion FTM supply. Additional features will gradually be introduced based on governance proposals.
- Fee Monetization Burn: If a transaction occurs on a non-FeeM app, 50% of the fee is burned.
- Airdrop Burn: Users opting out of the full 270-day maturation period for 75% of their airdrop will have a portion of tokens burned.
- Ongoing Funding Burn: Any unused $S tokens from the 47,625,000 minted annually for growth funding in the first six years will be burned.
Sonic’s Fee Monetization (FeeM) program rewards developers with up to 90% of the fees their apps generate, fostering direct profits from app traffic and engagement.
