Sonic coin is up for pre-sale. SONIK, a new community-focused meme coin, aims to be the fastest growing project in its field and is already rapidly rising in its field.
What is sonic coin?
Sonic coin (SONIK) has launched the public pre-sale phase, with a total supply of 300 billion, of which 50 percent is reserved for early investors.
SONIK tokens were priced at $0.000014 in the process. Thus, it is aimed that meme coin enthusiasts will be involved in the project before the DEX launch when the pre-sale ends.
As outlined in the sonic coin’s whitepaper, the tokenomics distribution also includes a 10% margin for exchange liquidity to minimize post-launch price volatility.
What are the SONIC features?
Without any private funding rounds, the SONIK founders have emphasized their community-centric vision from the very beginning.
The recently launched pre-sale is capped at just $2 million, and investors will be able to participate using $ETH or $USDT.
According to CoinGecko, after the hard limit is reached, SONIK will be listed on Uniswap, which is among the largest decentralized exchanges in the world.
On the other hand, the setup attracted attention unsurprisingly, with Sonic Coin pre-sale raising $20,000 within the first 24 hours.
Sonic coin market data
In addition to a fair pre-sale, Sonic Coin’s team has committed 40 percent of the total token supply as stake rewards for SONIK holders.
This staking protocol gives the meme coin a use case beyond trading and speculative potential. Thus, SONIK holders can earn substantial APY returns by staking their tokens.
According to the token’s website, the current staking APY is over 4,300 percent, with around 555 million SONIK tokens already locked.
Sonic’s staking protocol, beyond passive income, aims to promote the long-term holding of the coin, thereby supporting price stability. This staking scheme is rare in the meme coin space, which has historically been filled with tokens that lack real-world use cases.
With SONIK staking, token holders can have a tangible impact to help the development team achieve their goals. In this way, SONIK holders have power beyond buying and selling tokens, underlining the community-centered approach of the project.
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