What is S
Sonic coin, whose symbol is S, is a new project in the world of digital currencies, and is considered one of the advanced blockchain networks designed to support decentralized applications (DeFi) more quickly and efficiently.
Features of the S token:
It is the native token of the Sonic network
It was designed to benefit developers and users
It rewards developers with up to 90% of the fees generated by their applications
It has a strategic burning mechanism that permanently eliminates a portion of transaction fees in circulation
History of the S token:
Sonic emerged as part of the development of the Fantom project
The old FTM coin was replaced by Sonic (S)
The Sonic network is a faster and more scalable redesign of the Fantom network
It retains its compatibility with the Ethereum Virtual Machine