Sonic Labs (Fantom) ($S) is a layer-1 platform with a secure gateway to Ethereum, offering the fastest settlement layer for digital assets with over 10,000 TPS and one-second transaction confirmations, supported by a massive incentive program. They have an upcoming potential airdrop campaign known as the Sonic Gems and Sonic Boom bounty program. Here is our Sonic Labs (Fantom) ($S) token airdrop guide.
Check out our step by step guide!
What is Sonic Labs (Fantom)($S)?
Sonic Labs is a rebranded entity from the former Fantom Foundation, responsible for driving growth among applications, partnerships, and users. It oversees the Sonic chain, a new layer-1 platform offering a secure gateway to Ethereum, with over 10,000 TPS and one-second transaction confirmations. The Sonic ecosystem supports a massive incentive program and features the native S token, which simplifies staking and introduces various incentive programs.
What is the Sonic Labs (Fandom) ($S) token?
Sonic Labs (Fantom) ($S) will have a native token known as $S. Here are its main features:
Native Token: The S token is the native token for the Sonic network, used for various roles including staking and transaction fees.
Staking Rewards: Validators can earn block rewards and transaction fees by staking S tokens. The reward rate reaches 3.5% when 50% of the network is staked.
Supply and Conversion: At launch, 3.175 billion S tokens will be available, matching the supply of FTM tokens, which can be converted at a 1:1 ratio.
Inflation Control: Additional tokens will be minted for specific programs, but unused tokens will be burned to prevent inflation.
Furthermore, their Documentation states that they will mint 6% of the 3.175 billion $S tokens 6 months after Sonic launches. These tokens will be exclusively used for programs within the airdrop campaign and will reward both Opera and Sonic users and builders.
How to get the Sonic Labs (Fantom) ($S) token airdrop?
Here’s a guide on how to get the potential Sonic Labs (Fantom) ($S) token airdrop
Become a developer for Sonic Labs
If you have the necessary technical skills, you can consider joining Sonic Labs’ Developer’s Path If you’re a developer, Sonic Boom offers up to 30 winning projects a chance to secure airdrops. Projects will distribute these airdrops as rewards for using their applications. You can apply to Sonic Boom and compete for these slots. The program launched on August 20th, with a submission deadline of 1st November 2024. On 4th November 2024, the winners will be announced.
Complete Road to Sonic Galxe Quest
The Road to Sonic Galxe Quest consists of 6 series of different tasks such as bridging, trading or swapping assets, as well as social tasks. Note that you must complete the tasks by end of October 2024.
Complete Road to Sonic Galxe Quest: Series 1
Series 1 of the Road to Sonic Galxe Quest requires users to use the Wormhole portal bridge to bridge a minimum of 50 USDC from Ethereum to Fantom. Note that this requires Fantom tokens ($FTM) for transaction fees.
Complete Road to Sonic Galxe Quest: Series 2
Series 2 of the Road to Sonic Galxe Quest involves perpetual trading on the Lynx platform. Perform the required trades and keep track of your progress. As before, you’ll need Fantom ($FTM) tokens for transaction fees.
Complete Road to Sonic Galxe Quest: Series 3
For series 3 of the Road to Sonic Galxe Quest, lend (deposit) at lesat 20 FTM on Polter Finance. Also trade 30 FTM on the Degen Express platform. You will also need to hold 200 $sFTMx, to get $sFTMx, stake FTM or swap tokens on beets.fi.
Complete Road to Sonic Galxe Quest: Series 4
For series 4 of the Road to Sonic Galxe Quest, swap at least US$20 worth of assets on Spooky Swap v3. Buy any item from the in-game shop in Estfor Kingdom, and add at least US$100 worth of assets in 1 transaction on the USDC.e/sFTMx pool. Finally, complete the other social tasks.
