Sonic announces token economics: 6% of the initial total supply will be allocated for airdrops

ChainCatcher news, Sonic Labs has released a simplified version of its white paper (Litepaper), disclosing that it is introducing token economics based on community governance proposals. The key points are as follows:

Upon official launch, the circulating supply of S will be approximately 2.88 billion tokens, with a total supply of 3.175 billion tokens, comparable to the supply of FTM; six months after the launch, the network will allocate 6% of the initial total supply for airdrops to reward Opera and Sonic users, with vesting occurring within nine months after the airdrop; six months after the launch, the network will mint 1.5% of the initial total supply annually over six years to fund growth and will burn any unused tokens; starting four years after the launch of Sonic, the annual inflation rate will be 1.75% to reward validators.