Sonic Labs announces next phase plans: introducing a tiered fee monetization structure and opening an office in New York
Sonic Labs CEO Mitchell Demeter shared the project's next phase plans on the X platform. Demeter stated that Sonic is currently well-funded, has no concerns regarding liquidity, and possesses the resources required to execute long-term plans. In this development phase, Sonic will be driven by real-world utility, clear economic benefits, and continuous delivery of results, rather than speculation.
In addition, Sonic plans to refine its tokenomics, aiming to achieve deflation, and intends to introduce a brand-new tiered fee monetization (FeeM) structure, with reward levels ranging from 15% to 90%. Of this, 10% will be allocated to validators, while the remaining portion will be burned. This initiative will both reward actual usage and network activity, and promote deflation. Sonic is also advancing plans to establish an office in New York City to strengthen its growing team and refocus on institutional partnerships and policy relations.
Currently, Sonic's focus will shift towards driving business value upgrades, adopting selected Ethereum Improvement Proposals (EIPs), and launching Sonic Improvement Proposals (SIPs).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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