SONICSonic SVM (SONIC) Price

1.Project introduction

Sonic is the first atomic SVM chain built to enable sovereign game economies on Solana. Sonic enables sovereign game economies that rollup and settle on Solana.

Sonic is built on top of the first concurrent scaling framework for Solana, called HyperGrid. Sonic is the first instance of a Grid orchestrated by this framework.

HyperGrid is designed to introduce customizability and scale, while remaining natively composable to Solana.

2.Team introduction

Founder Chris, previously a product manager at TikTok

3.Investment institution

Bitkraft led the investment, with participation from Galaxy Interactive, Big Brain Holdings, Matt Sorg (Solana founding team), Nom (Bonk) and other institutions and individuals

4.Token application and distribution

Token application:

SONIC isn’t just a token; it’s the fuel for Sonic’s ecosystem, with utilities spanning governance, staking, and payments.

Payment Currency: Used across Sonic SVM for purchasing in-game assets.

Staking: Powering the network while earning rewards.

Governance: Influence decisions with SONIC or VeSONIC.

Validator Delegation: Strengthening the HyperGrid Shared State Network (HSSN).

Token distribution: 

30% Ecosystem & Community

7% Initial Claims

20% Sonic HyperGrid Rewards

20% Foundation

8% Early supporters

15% Investors