The first airdrop program of Sonic Labs has officially launched, allowing users to receive 25% of the allocated Tokens immediately.
The remaining Tokens will be gradually unlocked as NFTs and distributed through the PaintSwap order book, completely separate from pre-sale or TGE activities.
MAIN CONTENT
Users receive 25% of Sonic Tokens immediately in the first airdrop season.
75% of the remaining Tokens will be unlocked linearly through NFTs on PaintSwap.
Sonic Labs has canceled a total of 1,866,256.59 $S Tokens worth nearly $755,000 at current prices.
When and how did the first airdrop program of Sonic Labs start?
Information from Sonic Labs confirms that the first airdrop season officially took place from July 22, 2024, allowing users to access 25% of the allocated Tokens immediately. The remaining 75% will be gradually released in the form of NFTs via the PaintSwap order book.
This helps users benefit early while stimulating liquidity on the platform, ensuring transparency and fair distribution according to the mainnet whitelist.
Is the Sonic airdrop related to pre-sale or TGE events?
A representative from Sonic Labs confirmed that the airdrop program is completely separate from previous Token release events such as pre-sale or TGE. This emphasizes the independent and transparent nature of this Token distribution.
"We want users to clearly understand that the airdrop is based on the mainnet whitelist, unrelated to pre-sale or TGE, to avoid misunderstandings and protect the community's interests."
Andre Cronje, Founder of Sonic Labs, July 2024
What has Sonic Labs done with the amount of airdrop Tokens received?
Andre Cronje stated that Sonic Labs has proactively canceled all 1,866,256.59 $S Tokens received from the airdrop program, equivalent to about $754,903 at current market prices. This is a step to protect the Token's value, avoid inflation, and ensure long-term stability.
"The cancellation of Tokens is proof of our commitment to protecting the ecosystem and user value, while also showing our responsibility to the investment community."
Andre Cronje, Founder of Sonic Labs, July 22, 2024
How is the gradual Token distribution through NFTs different from traditional releases?
Unlocking Tokens in the form of NFTs through the PaintSwap order book creates flexibility and transparency in distribution. Users can track, own, and transfer each part of the Tokens easily. This model mitigates concentration risks and enhances community governance through On-chain transparency.
How can users participate in receiving Sonic airdrop?
Users need to be on Sonic's mainnet whitelist to qualify for receiving Tokens. The first 25% of Tokens will be received through Sonic's official interface, and the rest will be unlocked in phases as NFTs through PaintSwap.
Is there a difference between the 25% Tokens received immediately and the 75% Tokens unlocked through NFTs?
The 25% immediately received Tokens allow users to use or trade right away, while the 75% is gradually unlocked through NFTs to reduce sell-off pressure and maintain market stability. This is an effective approach to liquidity management and reducing Token price volatility.
Frequently Asked Questions
Is the Sonic airdrop related to any ICO or IDO events?
No, the airdrop is solely based on the mainnet whitelist and is not part of any ICO, IDO, or pre-sale, ensuring independence and transparency.
How to check if I am on the whitelist?
Users should visit the Sonic homepage and linked wallet account to verify the whitelist status officially updated by Sonic Labs.
Are the Tokens unlocked as NFTs tradable?
Yes, NFTs representing the distributed Tokens can be transferred on PaintSwap, increasing flexibility for the holders.
Why did Sonic Labs cancel the amount of Tokens received from the airdrop?
This is to maintain the Token's value and avoid market dilution after widespread distribution to users.
Can users receive the entire amount of airdrop Tokens at once?
No, only 25% of Tokens are received immediately, the remaining will unlock gradually to stabilize the market and increase fairness for the community.
Source: https://tintucbitcoin.com/sonic-labs-mo-ban-25-token/
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