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Sonic SVM Redesigns Tokenomics to Fuel Demand and Cut Circulating Supply

  • Sonic SVM, a Solana-based project, is redesigning its tokenomics to use transaction fees to buy $SONIC tokens and gradually remove them from circulation.
  • Rather than burning tokens, the project will now lock up purchased tokens and release them over a 24-month period to create steady demand and reduce available supply.
  • The CEO, Chris Zhu, believes this shift aligns incentives and creates a financial engine supporting ecosystem growth.
  • The redesign includes staking fees collected in SOL on Solana's mainnet, pairing staking rewards with $SONIC tokens to create liquidity pools and enhance token utility in Sonic's network of games and applications.

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