Sonic Labs has received approval from its community to issue $200 million worth of S tokens aimed at penetrating 0 1 proposal, backed by 99.99% of Sonic token holders from 105 wallets, also met the required quorum of 700 million tokens, signaling near-unanimous 2 Expands into Traditional Finance The company outlined plans to allocate $100 million of the issuance to build a strategic reserve for a Nasdaq-listed PIPE (Private Investment in Public Equity) vehicle, and $50 million toward an S token-tracking 3 said the ETP would be issued by a top-tier ETF provider with over $10 billion in assets under management, with BitGo providing 4 strengthen its foothold in the U.
S., Sonic will form Sonic USA LLC, set up a team in New York, and appoint a U. S.-based CEO to spearhead financial partnerships and regulatory engagement in Washington, DC. Additionally, 150 million S tokens (worth about $47.7 million) will be used to bootstrap USA 5 Old Tokenomics to New Ambitions Sonic Chain, which rebranded from the Fantom Opera network in December 2024, is now reshaping its economic 6 project inherited tokenomics that left it with less than 3% of its supply, limiting strategic 7 contrast, most blockchain projects retain nearly half of their tokens for growth 8 argued that this shortage has hindered partnerships and exchange listings, pushing it to purchase tokens in the open 9 team says the latest issuance is necessary to move beyond what it calls “2018 tokenomics” toward “2025 tokenomics.” As part of this shift, Sonic also plans to increase the deflationary nature of the S 10 updating its gas fee mechanism and directing more transaction fees toward token burns, the network aims to offset new issuance and reduce net inflation, potentially strengthening long-term 11 falling nearly 69% since its January launch, Sonic is seeking to reverse momentum by embedding itself deeper in both crypto and traditional finance.
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