Sonic is an EVM-compatible Layer 1 blockchain platform focused on providing developers with robust infrastructure and generous incentive mechanisms.
Author: Sonic
Compiled by: Deep Tide TechFlow
Sonic Labs officially launched the Sonic mainnet today, an EVM-compatible Layer 1 blockchain platform designed to offer developers powerful infrastructure and attractive incentive mechanisms.
The Sonic mainnet supports 10,000 transactions per second (TPS) and achieves sub-second transaction confirmations, while also featuring a decentralized gateway function that seamlessly connects with Ethereum. Through these technical features, Sonic provides developers with unprecedented infrastructure support and liquidity, helping them build the next generation of decentralized applications (DApps).
Sonic is developed by the team behind Fantom and has significantly upgraded Fantom and FTM through its native token S. Existing FTM holders can easily transition to the Sonic platform and start using its features through a one-to-one token upgrade mechanism.
Sonic leverages its mature technical capabilities to innovate developer incentive mechanisms while providing users with a smooth experience and rich liquidity resources, establishing its core position in the decentralized finance (DeFi) space.
Revenue Sharing Mechanism: Developer First
The fee-sharing mechanism (Fee Monetization, FeeM) launched by Sonic offers developers up to 90% of network fee sharing, a model inspired by the advertising revenue strategies of Web2 platforms like YouTube. Unlike many blockchains that provide limited developer incentives and primarily focus on value extraction, Sonic's FeeM model fundamentally addresses this issue.
"In recent years, we have seen many new chains launch, especially some centralized Layer 2s, where the founding teams monopolize all network fee revenues. This model excludes developers and forces them to generate income by charging users additional fees. The FeeM model ensures that developers can share network fees from the start by directly writing developer reward mechanisms on-chain." — Sam Harcourt, Head of Business Development at Sonic Labs
On the Sonic platform, developers can earn a share of network fees based on the user traffic and engagement attracted by their applications. This mechanism provides developers with a built-in, sustainable source of income while significantly reducing user costs.
From Fantom to Sonic: The New Phase of FTM Upgrading to S
Fantom and its token FTM officially enter the upgrade phase, transitioning to the new Sonic platform and its native token S. Sonic Labs has launched an upgrade portal MySonic specifically for this purpose, allowing FTM holders to easily upgrade FTM to S on a one-to-one basis.
"We are excited to launch the new Sonic chain as the next significant upgrade for Fantom. This platform is built on Fantom's nearly 100% operational record since 2019 and is a revolutionary platform centered around developers. Sonic not only helps developers create smooth user experiences but also allows them to share network fees." — Michael Kong, CEO of Sonic Labs
Within the first 90 days after the Sonic mainnet launch, FTM holders can freely exchange FTM and S through the upgrade portal. After 90 days, users will only be able to upgrade from FTM to S.
Sonic Gateway: Secure and Decentralized Cross-Chain Interoperability
With the rapid growth of cross-chain activities, secure and trustless bridging solutions have become crucial. However, traditional Layer 1 and Layer 2 bridging methods often rely on centralized systems, which can lead to significant asset loss risks.
The Sonic Gateway addresses this issue through a decentralized design, serving as a bridge between Ethereum and Sonic, providing the following core features:
Security: If the gateway fails to operate within 14 days, users can retrieve their funds on Ethereum, ensuring asset safety.
Efficient Transfer: Asset transfers are processed in batches, occurring every 10 minutes from Ethereum to Sonic and every hour in the reverse direction. Additionally, the "fast lane" feature allows users to pay a small fee for instant bridging.
Decentralized Operation: The gateway is operated by validators on both chains, maintaining decentralization and eliminating the risk of centralized control, just like the Sonic platform.
"In order to enable users to securely and trustlessly control their assets, we developed the Sonic Gateway. This tool not only provides liquidity from other platforms but also ensures security through validators and fail-safe mechanisms, allowing users and applications to fully enjoy the benefits of cross-chain liquidity." — Bernhard Scholz, Chief Research Officer at Sonic Labs
In the future, Sonic Labs plans to expand the gateway to other blockchains beyond Ethereum, providing users with direct, decentralized access to more blockchain-native assets.
Sonic Airdrop: S Token Incentive Program
To promote the rapid development of the network, Sonic Labs will distribute 190.5 million S tokens through the airdrop program. This program targets users and developers, specifically including the following two incentive methods:
Sonic Points: Rewards early adopters, asset holders, and active users.
Sonic Gems: Rewards developers for creating applications that attract users and drive innovation. Developers can convert Gems to S and distribute a portion of the tokens to users to incentivize continued usage.
About Sonic
Sonic is an EVM-compatible Layer 1 blockchain platform focused on providing developers with robust infrastructure and generous incentive mechanisms. The platform supports transaction speeds of over 10,000 TPS, sub-second confirmation times, and enhances liquidity and asset security through a secure Ethereum gateway.
For more information, please visit the Sonic official website and follow their Twitter.
Contact Information
Sonic Labs
press@soniclabs.com
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