PANews reported on November 12th that 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 liquidity concerns, and possesses the resources needed to execute its long-term plans. In this phase of development, Sonic will be driven by practical use, clear economic benefits, and consistent deliverables, rather than speculation. Furthermore, Sonic plans to refine its token economics, aiming for deflation, and intends to introduce a new tiered fee monetization (FeeM) structure with reward tiers ranging from 15% to 90%. Of this, 10% will be allocated to validators, and the remainder will be burned. This initiative rewards practical use and network activity while simultaneously promoting deflation. Sonic is also moving forward with plans to establish an office in New York City to solidify its growing team and refocus on institutional partnerships and policy relationships. Currently, Sonic's focus is shifting towards driving business value upgrades, adopting select Ethereum Improvement Proposals (EIPs), and launching Sonic Improvement Proposals (SIPs).PANews reported on November 12th that 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 liquidity concerns, and possesses the resources needed to execute its long-term plans. In this phase of development, Sonic will be driven by practical use, clear economic benefits, and consistent deliverables, rather than speculation. Furthermore, Sonic plans to refine its token economics, aiming for deflation, and intends to introduce a new tiered fee monetization (FeeM) structure with reward tiers ranging from 15% to 90%. Of this, 10% will be allocated to validators, and the remainder will be burned. This initiative rewards practical use and network activity while simultaneously promoting deflation. Sonic is also moving forward with plans to establish an office in New York City to solidify its growing team and refocus on institutional partnerships and policy relationships. Currently, Sonic's focus is shifting towards driving business value upgrades, adopting select Ethereum Improvement Proposals (EIPs), and launching Sonic Improvement Proposals (SIPs).
Sonic Labs announces next phase of plans: introducing a tiered fee monetization structure, opening an office in New York, etc.
PANews reported on November 12th that 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 liquidity concerns, and possesses the resources needed to execute its long-term plans. In this phase of development, Sonic will be driven by practical use, clear economic benefits, and consistent deliverables, rather than speculation. Furthermore, Sonic plans to refine its token economics, aiming for deflation, and intends to introduce a new tiered fee monetization (FeeM) structure with reward tiers ranging from 15% to 90%. Of this, 10% will be allocated to validators, and the remainder will be burned. This initiative rewards practical use and network activity while simultaneously promoting deflation. Sonic is also moving forward with plans to establish an office in New York City to solidify its growing team and refocus on institutional partnerships and policy relationships. Currently, Sonic's focus is shifting towards driving business value upgrades, adopting select Ethereum Improvement Proposals (EIPs), and launching Sonic Improvement Proposals (SIPs).
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