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About Sonic SVM (SONIC)
What is Sonic SVM: Transforming Gaming on Solana
Sonic SVM is making waves in the blockchain and gaming world as the first Solana Layer 2 solution, leveraging HyperGrid—the Solana Virtual Machine (SVM) horizontal scaling framework. Designed to empower sovereign game economies, Sonic promises to redefine the boundaries of decentralized gaming, offering unparalleled speed, scalability, and interoperability.
How Does Sonic SVM Work?
Sonic SVM is built to optimize gaming experiences on Solana, introducing the HyperGrid framework for concurrent scaling. This framework allows Sonic to function as an atomic SVM chain, capable of rolling up and settling transactions on Solana while maintaining composability.
Key features include:
Lightning Speed and Cost Efficiency: Sonic outpaces other gaming L1s with its rapid transaction processing and low costs.
Atomic Interoperability: Developers can execute transactions without redeploying Solana programs or accounts, benefiting from Solana's liquidity and services.
EVM Compatibility: HyperGrid enables seamless deployment of dApps from Ethereum-compatible chains to Solana.
Composable Gaming Primitives: Sonic offers developers an ecosystem with native gaming primitives, extensible data types, and sandbox tools to build on-chain business logic.
Sonic’s vision focuses on creating high-performance decentralized gaming, distinct from traditional trading experiences, and unlocking innovative opportunities for developers and players alike.
Sonic SVM Founding Team
Sonic’s development is spearheaded by a passionate and skilled team:
Chris Zhu: Co-founder and CEO, guiding Sonic’s strategic direction.
Kinsa Durst: Chief Marketing Officer, overseeing brand and community engagement.
Arif Kazi: Head of Business Development, fostering partnerships and expanding the ecosystem.
This dedicated team also designed the Sonic Web3 app to simplify onboarding for non-crypto users, offering features like TikTok login integration to make blockchain gaming accessible to billions.
Sonic SVM Tokenomics
The $SONIC token is the backbone of Sonic SVM, designed to power the ecosystem’s long-term growth and decentralization. With a total supply of 2.4 billion tokens, $SONIC’s distribution prioritizes community engagement, ecosystem development, and network security:
Ecosystem & Community (30%): Supporting game studios and dApp developers with grants tied to development milestones.
Sonic HyperGrid Rewards (20%): Incentivizing validators and node operators to secure the network and maintain performance.
Initial Claims (7%): Exclusive airdrops for early supporters, contributors, and node holders.
Early Supporters (8%) and Investors (15%): Allocations with vesting schedules to ensure long-term commitment.
Foundation (20%): Reserved for key team members and advisors with an 18-month cliff and gradual vesting.
Token utility includes payment, staking rewards, governance participation, and validator delegation. Validators and delegators also contribute to the HyperGrid Shared Sequencer Network (HSSN), ensuring seamless operation.
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