Sonic Labs, the organization operating the blockchain previously known as Fantom until the end of 2024, has recently attracted attention by announcing a large-scale airdrop program of up to 200 million S tokens, equivalent to about 80 million USD. The special feature of this campaign is the expansion of participation eligibility to include U.S. citizens, marking Sonic Labs as one of the pioneering projects legally distributing tokens in this challenging market.
Sonic Labs' airdrop campaign adopts a distribution model that differs from the traditional one, divided into two phases:
25% of S tokens will be unlocked immediately, allowing users to freely trade, stake, or use them in Sonic's DeFi and GameFi ecosystem.
The remaining 75% will be locked in the form of tradable NFT vesting, with a gradual unlocking schedule over 270 days. Tokenizing the vesting portion into tradable NFTs on the secondary market provides flexibility and a fresh experience for the community.
An important highlight in the strategy is the implementation of a penalty mechanism if users unlock NFT vesting early before the 270-day term. Accordingly, the portion of tokens not yet due for unlocking will be permanently burned. This mechanism is designed to encourage users to hold tokens long-term, reduce sell-off pressure after the airdrop, and contribute to protecting the token's value in the long term by limiting circulating supply.
Sonic Labs has also announced the eligible participants for the airdrop, including: users holding Sonic Points, Sonic Gems, or Game Gems; users with activity on the Opera browser; participating in Sonic Arcade; or being minters of exclusive Shard NFTs.
Although the token price has decreased by 22% this month and has not reacted positively to the airdrop news, Binance's announcement of support for Sonic's airdrop and its active listing of projects within this ecosystem on the Binance Alpha platform indicates interest and potential for the Sonic ecosystem in the future. This airdrop campaign not only provides opportunities for users but also demonstrates an innovative approach to managing token distribution and maintaining project value in the cryptocurrency market.
Investing in cryptocurrency carries high risks due to significant price volatility.
