Sonic Labs (Fantom) ($S) is a layer-1 platform with a safe gateway to Ethereum, providing the quickest settlement layer for digital belongings with over 10,000 TPS and one-second transaction confirmations, supported by a large incentive program. They’ve an upcoming potential airdrop marketing campaign referred to as the Sonic Gems and Sonic Increase bounty program. Right here is our Sonic Labs (Fantom) ($S) token airdrop information.
Try our step-by-step information!
What’s Sonic Labs (Fantom)($S)?
Sonic Labs is a rebranded entity from the previous Fantom Basis, answerable for driving progress amongst functions, partnerships, and customers. It oversees the Sonic chain, a brand new layer-1 platform providing a safe gateway to Ethereum, with over 10,000 TPS and one-second transaction confirmations. The Sonic ecosystem helps a large incentive program and options the native S token, which simplifies staking and introduces numerous incentive applications.
What’s the Sonic Labs (Fandom) ($S) token?
Sonic Labs (Fantom) ($S) may have a local token referred to as $S. Listed below are its predominant options:
- Native Token: The S token is the native token for the Sonic community, used for numerous roles together with staking and transaction charges.
- Staking Rewards: Validators can earn block rewards and transaction charges by staking S tokens. The reward price reaches 3.5% when 50% of the community is staked.
- Provide and Conversion: At launch, 3.175 billion S tokens will probably be accessible, matching the provision of FTM tokens, which will be transformed at a 1:1 ratio.
- Inflation Management: Extra tokens will probably be minted for particular applications, however unused tokens will probably be burned to forestall inflation.
Moreover, their Documentation states that they are going to mint 6% of the three.175 billion $S tokens 6 months after Sonic launches. These tokens will probably be solely used for applications inside the airdrop marketing campaign and can reward each Opera and Sonic customers and builders.
How you can get the Sonic Labs (Fantom) ($S) token airdrop?
Right here’s a information on tips on how to get the potential Sonic Labs (Fantom) ($S) token airdrop
- Develop into a developer for Sonic Labs
You probably have the required technical abilities, you possibly can think about becoming a member of Sonic Labs’ Developer’s Path In case you’re a developer, Sonic Increase provides as much as 30 profitable tasks an opportunity to safe airdrops. Initiatives will distribute these airdrops as rewards for utilizing their functions. You possibly can apply to Sonic Increase and compete for these slots. This system launched on August twentieth, with a submission deadline of 1st November 2024. On 4th November 2024, the winners will probably be introduced.
- Full Street to Sonic Galxe Quest
The Street to Sonic Galxe Quest consists of 6 sequence of various duties corresponding to bridging, buying and selling or swapping belongings, in addition to social duties. Notice that it’s essential to full the duties by finish of October 2024.
- Full Street to Sonic Galxe Quest: Collection 1
Collection 1 of the Street to Sonic Galxe Quest requires customers to make use of the Wormhole portal bridge to bridge a minimal of fifty USDC from Ethereum to Fantom. Notice that this requires Fantom tokens ($FTM) for transaction charges.
- Full Street to Sonic Galxe Quest: Collection 2
Collection 2 of the Street to Sonic Galxe Quest includes perpetual buying and selling on the Lynx platform. Carry out the required trades and hold monitor of your progress. As earlier than, you’ll want Fantom ($FTM) tokens for transaction charges.
- Full Street to Sonic Galxe Quest: Collection 3
For sequence 3 of the Street to Sonic Galxe Quest, lend (deposit) at lesat 20 FTM on Polter Finance. Additionally commerce 30 FTM on the Degen Specific platform. Additionally, you will want to carry 200 $sFTMx, to get $sFTMx, stake FTM or swap tokens on beets.fi.
- Full Street to Sonic Galxe Quest: Collection 4
For sequence 4 of the Street to Sonic Galxe Quest, swap not less than US$20 value of belongings on Spooky Swap v3. Purchase any merchandise from the in-game store in Estfor Kingdom, and add not less than US$100 value of belongings in 1 transaction on the USDC.e/sFTMx pool. Lastly, full the opposite social duties.
