Just brushed to become $S's market maker, I thought about how May is about to end, and the day of the $S airdrop in June is getting closer. Last year, @SonicLabs announced an airdrop plan of approximately 200 million $S tokens, valued at about 130 million to 220 million USD, aimed at incentivizing users and developers, and promoting ecological growth.
Sonic is a high-performance L1 blockchain (formerly known as Fantom), with a total locked value (TVL) approaching 1 billion USD within 4 months, supporting EVM compatibility and providing an innovative fee-sharing mechanism. The initial total supply of $S is approximately 3.175 billion tokens, with a circulating supply of about 2.88 billion tokens, part of which is used for airdrops and ecological incentives. Currently, the price is stable at 0.45 USD, with significant upward potential compared to first-tier L1 projects like SOL and SUI.
What impressed me the most was its first blue-chip NFT, derp. The value of the airdrop exceeded 10,000 USD. The most valuable is the leading DEX @ShadowOnSonic, which accounts for over 50% of the trading volume on the Sonic chain.
Core Mechanism:
🔸 Innovative x(3,3) mechanism and concentrated liquidity (CL v3).
🔸 Native token $SHADOW and liquidity staking token $x33 drive the ecosystem.
Features: Known for its high APR "god mining," backed by DeFi big shot Andre Cronje.
Mechanism Advantage Analysis
x33 Mechanism:
🔸 $x33 is generated by staking $xSHADOW, automatically optimizing voting and reward compounding.
🔸 Weekly improvements of the $x33:$xSHADOW ratio through fees, voting incentives, and Rebase mechanisms.
$xSHADOW Value:
🔸 As a core staking asset, long-term holders can enjoy 100% of protocol fees, voting rewards, and exit penalties, with value continuously compounding.
🔸 Holder Earnings: Weekly rewards include protocol fees, voting incentives, and PvP Rebase rewards.
Participation Methods:
🔸 Testnet Activities: Ordinary users can participate in games to earn points by adding the Sonic testnet; developers can participate in corresponding tasks to earn points. Points can be exchanged for $S airdrops.
🔸 Mainnet Activities: After the mainnet launch, users can continue to earn airdrop points by using DeFi applications on Sonic.
Mainnet Points Mechanism:
🔸 Passive Points: Obtained by holding whitelist assets (such as scUSD, USDC.e, scETH).
🔸 Activity Points: Obtained through on-chain interactions (such as trading, staking, providing liquidity).
🔸 At the end of each quarter, points can be exchanged for $S tokens.
Token Distribution:
🔸 25% of tokens are immediately unlocked.
🔸 75% will be released linearly in NFT form over 270 days, and NFTs may be sold at low prices after the June airdrop, providing bottom-fishing opportunities.
Notes:
🔸 The liquidity pool must use two whitelist assets (such as S-USDC) to earn points.
🔸 WETH, USDT, etc., only earn Activity Points and do not count towards Passive Points.
🔸 WETH, USDT, etc., only earn Activity Points and do not count towards Passive Points.
We don't have much time left, June is coming soon, seize the last opportunity and go for it!
