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Sonic SVM Unveils Strategic Buy-and-Lock Model for $SONIC, Boosting Long-Term Value

  • Sonic SVM introduces a strategic buy-and-lock model for $SONIC tokens, aiming to boost long-term value and align with the Solana ecosystem.
  • 50% of transaction fees, previously burnt, will now be used to purchase $SONIC tokens on the open market, with a 24-month vesting schedule and a separate vault for careful management.
  • The redesigned mechanism emphasizes strategic demand creation, protocol-owned liquidity building, and rewarding the token holder community, as stated by Sonic SVM CEO, Chris Zhu.
  • The new approach enhances liquidity, aligns with Solana network health, and benefits the ecosystem through sustained token value, deeper liquidity, SOL staking, user incentives, and increased participation.

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