Binance Confirms Sonic Tokenomics Revision With Supply Increase

Sonic’s total supply will expand from 3.41 billion to 3.89 billion, while circulating supply rises by 472 million tokens. An additional $50 million in tokens will be issued only if an ETF agreement is finalized.

S

Summary

Binance announced that Sonic (S) will revise its tokenomics, raising total supply from about 3.41 billion to 3.89 billion. Circulating supply will increase by 472 million tokens, equivalent to 14.2%. The platform added that roughly $50 million worth of Sonic tokens will be included in the supply only after the conclusion of an ETF agreement.

Terms & Concepts
  • Tokenomics: The economic model of a cryptocurrency, covering aspects like total supply, distribution, issuance schedules, and incentives.
  • Circulating Supply: The portion of a cryptocurrency’s total supply that is available and actively circulating in the market.
  • ETF Agreement: A contractual arrangement related to the launch or approval of an exchange-traded fund, which may affect token supply or demand.