What is S?

_{Sonic (S)What is it?}

Sonic (S) is a new development of Fantom (FTM), a blockchain platform rebranded as Sonic Labs.
This change represents a major transformation in the ecosystem, bringing with it the advancement of decentralized technology Sonic.
It was officially launched on December 18, 2024, along with the S token, which is the original token.
By all FTM tokens, they can be converted to S tokens in a 1:1 ratio as a Layer-1 blockchain based on Sonic EVM.
Delivering unrivaled scalability, high-performance infrastructure, and limitless application potential to developers.

_{Blockchain nativo:}

Sonic is committed to solving three problems (blockchain trilemma) of blockchain technology
It offers a platform structure with high speed and scalability, coupled with security and true decentralization.
This success comes from a new generation of Proof-of-Stake (PoS) called Lachesis and a Directed Acyclic Graph (DAG) structure.
This allows Sonic to process transactions quickly and efficiently, without compromising security standards or decentralization.

_{Protokola Konsensus:}

Sonic uses a Proof-of-Stake (PoS) consensus mechanism in conjunction with a Directed Acyclic Graph (DAG) structure.
To increase transaction throughput and reduce transaction congestion.

_{Trilemma (Security, Speed, Scalability):}

Seguridad: Sonic establishes a security mechanism to maintain the authenticity of the transaction
This includes the decentralized governance model.
This provides an opportunity for S token holders to actively participate in the decision-making process.
Enabling the platform to be developed in a truly community-driven approach

Velocity and Scalability:Sonic has a high number of transactions per second (TPS) and has transaction confirmation at sub-second speed.
It has become one of the fastest and most scalable blockchains today, helping to deliver a seamless user experience.
and supports the development of complex decentralized applications (DApps).
which requires large volumes of processing and fast transaction confirmation.

_{Founder/Date Founded:}

Fantom was founded by Dr. Ahn Byung Ik, a South Korean computer scientist. The development of this platform was led by Ava Labs.
And it was officially launched in December 2019.

_{Objective/Use Case:}

Sonic Labs has plans to develop the Sonic network in the future, specifically in two key areas, namely:

• Real-World Asset (RWA): aims to bridge the gap between traditional financial systems and DeFi.
This will provide an opportunity to tokenize real-world assets on the blockchain.
Create new opportunities to expand the use of the Sonic network

• Credit Score System: There is a proposal to implement a credit score system on Sonic.
This is a DeFi lending concept with a decentralized and transparent credit assessment structure.
Provide users with more comprehensive and fair access to financial services

_{Total supply/Limit or Unlimited:}

The main token of the Sonic network is S, which has a total supply of 3.175 billion tokens.
This corresponds to the total number of FTM tokens on the previous Fantom Opera network.
The S token plays a number of important roles in the Sonic ecosystem, such as spending transaction fees.
Staking to support the network and the right to vote or determine the future development of the system.

_{Supply Deflation:}

If the decentralized application (DApp) does not participate in the Fee Monetization (FeeM), the transaction fee is 50%.
The resulting DApp is burned and the other 50% is allocated to transaction validators.
Which is an incentive for dApps to choose to join FeeM projects
At the same time, it also results in deflationary pressure on the S token.

_Source:

Soniclabs

Coinmarketcap

Coingecko

‍