This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
Sonic community has overwhelmingly approved a major expansion into the United States, including plans for an exchange-traded fund and new financing structures. The move aims to strengthen ties with traditional finance and address the token’s significant price decline. This strategic shift also introduces deflationary mechanisms to reward builders and reduce supply.
- Sonic USA LLC established with $100M PIPE financing and 150M token issuance for US market access
- $50M ETF planned with regulated provider and BitGo custody, tokens locked for 3+ years
- New fee distribution: 90% to builders, 5% to validators, 5% burned for FeeM; 50/50 validator/burn split for non-FeeM
📎 Related coverage from: cryptoslate.com