Introducing: Sonic Network Technology – The Future of Networking
Setting its roots deep into the ground of Directed Acyclic Graph (DAG) technology, Sonic Network, the successor to the Fantom network, aims to transcend the limitations of many current blockchains. The brainchild of revered South Korean scientist Dr. Ahn Byung Ik, who founded the original Fantom network back in 2019, Sonic Network Technology has one main objective: to tackle issues of speed, scalability, and exorbitant costs that pervade today’s blockchain networks. Sonic raises the bar, offering lightning-fast transactions that cost less than one cent, transaction finality in under a second, and a staggering throughput of approximately 10,000 transactions per second.
Customized Ecosystem and Airdrop Prowess of Sonic Network Technology
The Sonic ecosystem is decidedly centered around decentralized applications (dApps) and decentralized finance (DeFi), with its architecture designed for seamless interoperability of blockchains. Sonic’s commitment to transparency is evident in its communication regarding the upcoming S token airdrops. It has lucidly mentioned that a whopping 190.5 million S tokens are set for distribution. Outlining a sophisticated distribution algorithm, Sonic aims to curb potential selling pressure influencing the crypto supply.
Diving Deep into Sonic’s Airdrop Strategy
Future airdrops of Sonic are aimed to encompass a wide array of the network’s community including developers, pre-existing users of the Fantom network, users participating in Sonic Arcade, and the makers of the unique NFT Shard. The distribution of these tokens follows a distinct linear decay model, wherein 25% of the total S tokens become available on the first day itself, while the remaining 75% can be accrued over the following 270 days through hourly positions. Users are given the choice to claim their tokens before the expiry of this period, albeit with certain penalties which might result in a portion of their airdrop getting burnt if claimed prematurely. For those users unwilling to wait, the marketplace will facilitate NFT trading that represents the right to unlock these tokens.
Illustrating the Concept of Sonic Network Technology Representation
To elucidate the idea of Sonic Network Technology, we offer two illustrative examples of eligible users for the airdrop tokens:
Firstly, Andrew, who is qualified for 1000 S, courtesy of the Sonic airdrop. Without restrictions, Andrew can claim his 25% cash allocation – 250 S, and instantly receive it in his wallet. After a wait period of 90 days, Andrew revisits the claim portal, wishing to acquire the remaining share. At this juncture, he has the privilege to claim 249.75 S, which is 33.3% of the untouched 750 S, corresponding to the burn of 500.25 S (66.7% of his held allocation).
Next, we have Bob who fittingly is eligible for 10,000 S, thereby able to claim 2500 S at his convenience. Unable to wait for his S allocation, Bob decides to retrieve his comprehensive allocation after the 30th day. Consequently, Bob claims the rest of his allocation: he receives 1,110 S and incinerates 6,667.5 S (amounting to 88.9% of the second allocation).
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Fulfilling the Eligibility for Sonic Airdrop
As alluded to earlier, a marketplace platform where these NFTs can be traded will be in place. Users are afforded the autonomy to recover their tokens by waiting out the maximum duration, vending their NFTs, or incinerating a section of them. Understanding how to qualify for the Sonic airdrop is quite straightforward: the project has openly declared its airdrop projects, and the eligibility prerequisites are just as plain. The main requirement is amassing maximum Sonic points passively.
Sonic users can passively pile up these points, termed Passive Points (PP), by simply having whitelisted cryptocurrencies in their Web3 wallets, such as Rabby. However, cryptocurrencies that are housed on centralized exchanges (CEX) will not award points to their holders.
Accumulating Sonic Points Proactively
On the path to proactively earn points, termed as Activity Points (AP), it’s key that whitelisted cryptos’ liquidity must be deployed on Sonic-approved dApps. Deploying liquidity on dApps allows for the multiplying of points via application points achieved by traversing Sonic’s dApps. It’s worth noting that a section of the S token airdrop is apportioned to dApp developers. These developers obtain an allocation called Sonic Gems, which they can swap for S tokens for distribution among their users as per their discretion.
Each dApp will oversee its points program independently. The algorithm may consider various factors such as volumes, duration of deployment, or the specific pool where a user has provided liquidity. The ultimate target for any user should be identifying the application whose points program gives the best returns. Thus, the real test lies in optimizing overall rewards by merging the yield obtained from providing liquidity and the points.
Sonic Network Technology’s Application Points Program Explained
Being ingeniously planned with utmost simplicity at its core, Sonic Network Technology’s rules for this airdrop hunt details finding the top yields and amassing all the possible points. Further, the Sonic points can also be lucratively earned by using a well-designed referral program.
For every friend referred, you accumulate 10% of their total points earnings, with the reassurance that these points would not be subtracted from your friend’s aggregate. Including a Cryptoast referral is an additional choice at your disposal.
Joining Cryptoast Academy to Maximize Sonic Point Opportunities
To stay updated on the trending projects and increase your eligibility for airdrops, join the dedicated circle of enthusiasts and specialised analysts at Cryptoast Academy. Cryptoast Academy offers all-encompassing guides for propitious airdrop farming.
A Practical Guide to Farming Sonic Points
In this section, we aim to demonstrate one of the manifold avenues available for earning Sonic points that can enable you to qualify for S tokens on a renowned CEX like Binance, providing you don’t already possess S tokens: The first step is purchasing crypto on Binance, the global leader among crypto exchanges.
Once the purchase is successfully completed, you can transport your crypto to a secure wallet like MetaMask or Rabby. Following that, the cryptos are to be deposited into the scUSD pool that functions on the Spectra dApp.
Benefits and Bonuses in Sonic’s Points Program
By performing these tasks, you stand a chance to amass an approximate 13% annual percentage yield for providing liquidity (LP). Additionally, this comes with a considerable 12x multiplier on your Sonic points, a 2x multiplier on your Rings Points, and a 3x multiplier on your Veda.
Even though the number of transactions to be performed is relatively small, it could open up opportunities for exposure to Sonic’s attractive airdrop through the three techniques outlined in this article.
Patience is Key When Farming Sonic Points
Regarding any an airdrop hunt, patience proves to be a virtue. Therefore, patience is an essential requisite to harvest the fruits of your diligent efforts.
The Sonic airdrop is set to be rolled out over multiple seasons, with the inaugural season commencing at the mainnet launch and concluding in June.
