Sonic is organizing a Token Generation Event (TGE) in harmony with its upcoming mainnet deployment. The TGE starts today, however, the complete mainnet launch is set for February 10th.
This news comes from an exclusive press release shared with BeInCrypto.
Sonic Creates TGE For Mainnet Launch
For quite some time, Sonic – a gaming platform built on the Solana blockchain – has been hinting at its Token Generation Event (TGE) and mainnet launch. After rebranding from Fantom in August, the company is eager to differentiate Sonic with fresh offerings.
Back in September, their test network became operational, and since then, they’ve been consistently drumming up excitement about the main launch. Now, I’m thrilled to announce that we finally have a confirmed date for the mainnet launch!
According to the statement, the introduction of the SONIC token aims to generate interest in the upcoming network launch and attract additional users to its expanding network. With a strategic position, Sonic is poised to unveil its mainnet and achieve its aim of making web3 services accessible to a wider audience.
As a researcher, I’m thrilled to announce that SONIC tokens are now live and accessible on a variety of centralized platforms such as OKX, Bybit, KuCoin, and MEXC. Interestingly, the highest trading volume has been observed on MEXC within just four hours of launch, according to CoinMarketCap data. Furthermore, SONIC is also listed on several decentralized exchanges (DEXs) based on Solana, including Raydium and Meteora.
Towards the end of December, the company made public their significant distribution of tokens for TikTok users. By integrating with TikTok, Sonic was able to attract around 2 million new users. GameFi is a key aspect of the company’s business strategy, and this token airdrop will aid Sonic in expanding the use of its platform widely.
While Sonic isn’t solely focused on being a GameFi company, it is emphasizing its expanding network capabilities through its TGE announcement. For instance, in the last month of December, the firm collaborated to construct a cross-chain AI Agent hub. This mainnet launch will introduce several unique features that are unrelated to traditional GameFi.
Certain elements we’re planning to roll out encompass the debut of a Decentralized Exchange (DEX) and a custom Remote Procedure Call (RPC) system. The goal is to enhance the network’s dependability and scalability with these changes. However, it remains uncertain how effective these incentives or novel features will be in generating fresh curiosity.
Despite Sonic’s strong performance during the broader crypto market uptrend, it has experienced a consistent decline in market worth over several weeks now. With the mainnet launch still over a month away, it remains uncertain how significantly Sonic’s promotional efforts might impact its future.
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2025-01-07 21:45