Sonic coin (symbol: S) is a Layer-1 blockchain project developed as a successor to the Fantom network (FTM), with significant improvements in performance, scalability, and interoperability with other networks like Ethereum.
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🔍 Overview of the Sonic project
High performance: The Sonic network is capable of processing over 10,000 transactions per second with confirmation times of less than a second, making it one of the fastest blockchain networks currently available.
Transition from Fantom to Sonic: Coin S was launched in January 2025 as part of the transition of the Fantom network to Sonic, where FTM tokens were converted to S at a 1:1 ratio, with a six-month transition period for users.
Fee Monetization Program (FeeM): This program allows developers to earn up to 90% of the fees generated by their decentralized applications, encouraging application development and increasing interaction within the network.
Sonic Gateway: A native and secure bridge connecting the Sonic network to the Ethereum network, facilitating asset transfers and enhancing liquidity between networks.
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💰 Information about coin S
Total supply: 3.175 billion coins S.
Uses:
Pay transaction fees.
Participate in governance and vote on network proposals.
Participate in transaction validation as a Validator through the Staking process.
Incentives and distribution:
6% of the total supply has been allocated for Airdrop distributions six months after the launch.
An additional 1.5% is issued annually for six years to support the growth and expansion of the network.
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📈 Current market performance
Current price: approximately $0.527.
Market capitalization: approximately $1.67 billion.
All-time high price: $0.988 on February 21, 2025.
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🛒 How to buy coin S
Coin S can be purchased through cryptocurrency trading platforms like Binance, where multiple trading pairs are available. It is recommended to open an account and activate identity verification to start trading.
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🎯 Future forecasts
Forecasts indicate that the price of coin S could rise to between $2.5 and $5.2 by 2030, depending on network adoption and expansion in decentralized finance and smart applications.