S (S) Tokenomics
S (S) Tokenomics & Price Analysis
Explore key tokenomics and price data for S (S), including market cap, supply details, FDV, and price history. Understand the token's current value and market position at a glance.
S (S) Information
Sonic is an EVM L1 platform that offers developers attractive incentives and powerful infrastructure for DeFi. The chain provides 10,000 TPS and sub-second confirmation times, powering the next generation of decentralized applications. Sonic's Fee Monetization (FeeM) program rewards developers with up to 90% of the fees their apps generate, adapting the Web2 ad-revenue model to a decentralized framework. Developers now directly profit from their app's traffic and user engagement. Furthermore, the Sonic Gateway provides developers and users with seamless access to vast liquidity through a native, secure bridge connected to Ethereum. With a unique fail-safe mechanism, it ensures your assets are protected in all circumstances.
In-Depth Token Structure of S (S)
Dive deeper into how S tokens are issued, allocated, and unlocked. This section highlights key aspects of the token's economic structure: utility, incentives, and vesting.
Overview
Sonic (token: S), formerly Fantom (FTM), is a Layer-1 blockchain with a native token that underpins its ecosystem. The tokenomics of Sonic are designed to support network security, incentivize participation, and foster long-term ecosystem growth. Below is a comprehensive breakdown of the token economics, including issuance, allocation, usage, incentives, locking, and unlocking mechanisms.
1. Issuance Mechanism
- Initial Supply: At launch (December 2024), S will have an initial total supply of 3.18 billion tokens, mirroring the maximum supply of FTM.
- Migration: FTM holders can swap FTM for S at a 1:1 ratio for six months post-launch. For the first 90 days, swaps are bidirectional; after that, only FTM→S swaps are allowed.
- Block Rewards: For the first four years, Sonic will use the remaining FTM block rewards (migrated as S) to incentivize validators (~70.07 million S/year, ~2.21% of supply). No new S tokens are minted for block rewards during this period.
- Inflation: After four years, S will become inflationary, with new tokens minted at a target rate of 1.75% of total supply per year (assuming 50% of supply is staked). Additionally, 1.5% of the initial supply (~47.63 million S/year) will be minted annually for six years as operational funding for Sonic Labs, with unused tokens burned at year-end.
2. Allocation Mechanism
Initial FTM Allocation (for reference, as S mirrors FTM supply):
| Category | % of Supply | Notes |
|---|---|---|
| Block Rewards | 32.8% | Incentivizes validators |
| Private Sale I | 25.4% | Early investors |
| Advisors & Contributors | 12.0% | Project support |
| Private Sale II | 11.7% | Early investors |
| Founders & Team | 7.5% | Fully vested as of Dec 2024 |
| Strategic Reserve | 6.0% | Future initiatives |
| Seed Sale | 3.2% | Early investors |
| Public Sale | 1.6% | Public investors |
Sonic-Specific Allocations:
- Airdrop: Six months after launch, 6% of the supply (~190.5 million S) will be minted and airdropped to historic Fantom Opera users and new Sonic users.
- Innovator Fund: Up to 200 million S allocated to support ecosystem projects and developer grants.
3. Usage and Incentive Mechanisms
- Network Utility: S is used for transaction fees, staking, validator operations, and governance.
- Staking: Validators must stake a minimum of 50,000 S. Delegators can stake any amount above 1 S.
- Block Rewards: Validators and delegators earn rewards from block emissions and transaction fees.
- Fee Monetization Program (FeeM): Developers can earn up to 90% of the gas fees generated by their applications, incentivizing app development and retention.
- Airdrop Incentives: Airdrop recipients are incentivized to hold and use S through a vesting and burn mechanism (see below).
4. Locking Mechanism
- Staking Lock: S tokens staked to validators are subject to a maximum lock-up period of 14 days, enabling liquid staking protocols and easier participation.
- Airdrop Vesting: Airdropped S tokens are distributed as ERC-1155 NFT positions (fNFTs). Upon claiming, 25% is immediately unlocked; the remaining 75% vests linearly over 270 days (9 months). Early claims of unvested tokens result in a burn penalty.
5. Unlocking Time
- FTM→S Swap: 1:1 swap available for six months post-launch (first 90 days bidirectional, then one-way).
- Airdrop Unlock: 25% of airdropped S is unlocked at claim; 75% vests over 270 days. Users can claim early but forfeit (burn) the unvested portion.
- Staking Unlock: Unstaking S requires a 14-day withdrawal period.
6. Token Burn Mechanisms
- Airdrop Burn: Unvested airdrop tokens claimed early are burned.
- Fee Monetization Burn: If an app does not participate in FeeM, 50% of its transaction fees are burned.
- Operational Funding Burn: Unused operational funding tokens are burned at year-end.
7. Summary Table
| Mechanism | Details |
|---|---|
| Initial Supply | 3.18 billion S (mirrors FTM) |
| Swap Window | 6 months (90 days bidirectional, then FTM→S only) |
| Block Rewards | 4 years: migrated FTM rewards (~70M S/year); then 1.75% inflation per year |
| Airdrop | 6% of supply (~190.5M S), 25% unlocked, 75% vests over 9 months, early claim burns rest |
| Staking Lock | 14 days |
| Fee Monetization | Up to 90% of app gas fees to developers; 50% burn if not enrolled |
| Operational Fund | 1.5% of supply/year for 6 years, unused tokens burned |
| Validator Minimum | 50,000 S |
| Delegator Minimum | 1 S |
8. Additional Notes
- Eligibility: Users from certain countries (e.g., US, Cuba, Iran) are excluded from the airdrop.
- Governance: Multiple governance votes shaped the migration, airdrop, and inflation schedule.
- Ecosystem Support: The Innovator Fund and airdrop are designed to bootstrap developer and user activity.
References for Further Reading
- Sonic Documentation: S Token
- Sonic Airdrop Details
- App Token Migration Guide
- Fee Monetization Program
- Innovator Fund
This structure ensures a robust, incentive-aligned, and deflationary-leaning token economy for Sonic, with mechanisms to reward long-term participation and ecosystem growth while minimizing short-term sell pressure.
S (S) Tokenomics: Key Metrics Explained and Use Cases
Understanding the tokenomics of S (S) is essential for analyzing its long-term value, sustainability, and potential.
Key Metrics and How They Are Calculated:
Total Supply:
The maximum number of S tokens that have been or will ever be created.
Circulating Supply:
The number of tokens currently available on the market and in public hands.
Max Supply:
The hard cap on how many S tokens can exist in total.
FDV (Fully Diluted Valuation):
Calculated as current price × max supply, giving a projection of total market cap if all tokens are in circulation.
Inflation Rate:
Reflects how fast new tokens are introduced, affecting scarcity and long-term price movement.
Why Do These Metrics Matter for Traders?
High circulating supply = greater liquidity.
Limited max supply + low inflation = potential for long-term price appreciation.
Transparent token distribution = better trust in the project and lower risk of centralized control.
High FDV with low current market cap = possible overvaluation signals.
Now that you understand S's tokenomics, explore S token's live price!
How to Buy S
Interested in adding S (S) to your portfolio? MEXC supports various methods to buy S, including credit cards, bank transfers, and peer-to-peer trading. Whether you're a beginner or pro, MEXC makes crypto buying easy and secure.
S (S) Price History
Analyzing the price history of S helps users understand past market movements, key support/resistance levels, and volatility patterns. Whether you are tracking all-time highs or identifying trends, historical data is a crucial part of price prediction and technical analysis.
S Price Prediction
Want to know where S might be heading? Our S price prediction page combines market sentiment, historical trends, and technical indicators to provide a forward-looking view.
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Disclaimer
Tokenomics data on this page is from third-party sources. MEXC does not guarantee its accuracy. Please conduct thorough research before investing.
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1 S = 0.1645 USD
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