Sonic Labs adjusts token issuance roadmap ETF: Activation at $0.5, with a maximum scale of $50 million

robot
Abstract generation in progress

Sonic Labs has announced significant changes to its ETF token issuance plan, reflecting caution in the current market environment. This roadmap adjustment is based on the actual market situation and community feedback.

Reasons for Pausing the Original Plan

Last month, the Sonic community approved a governance proposal to use 50 million USD worth of S tokens to deploy an ETF product in the US. However, as the price of S dropped sharply to (currently at $0.08), executing the original formula would require issuing an additional 600 million S tokens — an extremely large number. This would contradict the initial goal of the proposal, so Sonic Labs has decided to postpone and not mint any tokens at the current price.

New Activation Conditions Set

To protect the interests of the S token community, Sonic Labs has established clear criteria:

  • Activation Threshold: ETF tokens are only issued when the price of S exceeds $0.5
  • Quantity Limit: Not exceeding 100 million S tokens for the entire program
  • Value Cap: Total value not exceeding $50 million
  • Issuance Strategy: Prioritize smaller issuances at higher prices to optimize value for the community

Token Lock Mechanism to Ensure Stability

S tokens used for the ETF will be fully locked in management products and cannot be traded on the secondary market. This measure prevents any selling pressure and ensures supply does not increase suddenly.

Long-term Vision

Sonic Labs confirms that listing the ETF in the US remains a key strategic goal, providing legitimate access opportunities for institutional investors. All upcoming steps will be announced through transparent management and communication processes to maintain community trust.

S3,11%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt