Sonic $S

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Sonic, an evolution of the Fantom network, is an Ethereum Virtual Machine (EVM)-compatible Layer-1 blockchain designed for high-performance decentralized applications (dApps). Built by Sonic Labs, it operates on a Directed Acyclic Graph (DAG)-based Asynchronous Byzantine Fault Tolerance (ABFT) consensus mechanism, achieving approximately 10,000 transactions per second (TPS). It features a secure Sonic Gateway bridge to Ethereum, and offers developers tools like Fee Monetization, which redistributes up to 90% of app-generated fees.

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Sonic TL;DR

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TL;DR

The S token facilitates value transfer through being paid for gas and redistributes up to 90% of app-generated fees (FeeM TXs) to developers and users. Holders can begin to participate in the network by exchanging their FTM for S, using the bridge.
Staking S enables validators to perform consensus; aiding in the security and general function of the network.
Token holders are able to qualify for an upcoming airdrop through a dynamic points system; accruing points via passive holding to actively deploying whitelisted assets. Additional token utility includes some form of governance power outlined here.