The rebranding of Icon (ICX) to Sodax (SODAX), along with its migration to the Sonic blockchain, is expected to significantly enhance its future growth potential. Key impacts include:
• Improved Scalability and Lower Costs: Moving to Sonic, a high-performance EVM-compatible chain, allows for faster transactions and reduced fees, making the platform more attractive for users and developers.
• DeFi Ecosystem Focus: Sodax will unify core DeFi products—such as money markets, stablecoins, and DEXs—under one platform, boosting capital efficiency and user experience.
• Sustainable Tokenomics: The new capped supply of 1.5 billion SODAX tokens and reduced inflation aim for long-term sustainability and increased protocol fees, rather than relying on continuous token issuance.
• Unified Liquidity Layer: Network-owned liquidity and cross-chain support will provide stable, permanent liquidity, reducing operational risks and enabling seamless asset swaps.
• Resource Optimization: By outsourcing blockchain infrastructure, the team can focus more on ecosystem and product development, further driving growth. Buy for target $10 by December.
