Official announcement from Binance: According to the proposal approved by Sonic, the total supply of Sonic (S) will increase from about 3.41 billion to approximately 3.89 billion, with an increase in circulating supply of 472 million (a rise of 14.2%).
Only once the final ETF protocol is reached will an additional 50 million dollars of Sonic (S) be added to the total supply.
The Binance trading page will synchronize the display of a pop-up window and a risk warning banner.
BlockBeats previously reported that the Sonic Labs community had voted in favor of the proposal "U.S. market expansion and decentralized finance adoption plan," which outlines the launch of Sonic USA LLC to begin operations in the United States. Approval of the issuance of tokens for a 50 million dollar ETF quota, the development of the Nasdaq PIPE to 100 million dollars, and 1.5 billion S tokens for Sonic USA.
