📣 Sonic Labs proposes to change the tokenomics by issuing tokens worth $200 million for ETF/ETP ($50 million), NASDAQ PIPE ($100 million), and 150 million tokens S for Sonic USA.
➕ Plans include a partnership with an ETF provider (>$10 billion in assets) through the custodian BitGo, creating a strategic reserve for a NASDAQ company with token lock-up for 3 years, hiring a CEO for Sonic USA and a team in New York.
🔥 A new fee burning mechanism is also proposed: FeeM transactions — 90% to builders, 5% to validators, 5% burned; regular transactions — 50% burned, 50% to validators.
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