Sonic Labs (Fantom) ($S) is a layer-1 platform with a safe gateway to Ethereum, providing the quickest settlement layer for digital property with over 10,000 TPS and one-second transaction confirmations, supported by an enormous incentive program. They’ve a possible airdrop marketing campaign referred to as the Sonic Gems and Sonic Growth bounty program. Right here is our Sonic Labs (Fantom) ($S) token airdrop information.
Try our step-by-step information!
What’s Sonic Labs (Fantom)($S)?
Sonic Labs is a rebranded entity from the previous Fantom Basis, liable for driving development amongst purposes, partnerships, and customers. It oversees the Sonic chain, a brand new layer-1 platform providing a safe gateway to Ethereum, with over 10,000 TPS and one-second transaction confirmations. The Sonic ecosystem helps an enormous incentive program and options the native S token, which simplifies staking and introduces varied incentive applications.
What’s the Sonic Labs (Fandom) ($S) token?
Sonic Labs (Fantom) ($S) could have a local token referred to as $S. Listed here are its predominant options:
Native Token: The S token is the native token for the Sonic community, used for varied roles together with staking and transaction charges.
Staking Rewards: Validators can earn block rewards and transaction charges by staking S tokens. The reward charge reaches 3.5% when 50% of the community is staked.
Provide and Conversion: At launch, 3.175 billion S tokens might be accessible, matching the availability of FTM tokens, which will be transformed at a 1:1 ratio.
Inflation Management: Further tokens might be minted for particular applications, however unused tokens might be burned to forestall inflation.
Moreover, their Documentation states that they may mint 6% of the three.175 billion $S tokens 6 months after Sonic launches. These tokens might be solely used for applications inside the airdrop marketing campaign and can reward each Opera and Sonic customers and builders.
Learn how to get the Sonic Labs (Fantom) ($S) token airdrop?
Right here’s a information on how you can get the potential Sonic Labs (Fantom) ($S) token airdrop
Turn into a developer for Sonic Labs
When you have the required technical abilities, you possibly can take into account becoming a member of Sonic Labs’ Developer’s Path In the event you’re a developer, Sonic Growth presents as much as 30 successful initiatives an opportunity to safe airdrops. Initiatives will distribute these airdrops as rewards for utilizing their purposes. You possibly can apply to Sonic Growth and compete for these slots. This system launched on August twentieth, with a submission deadline of 1st November 2024. On 4th November 2024, the winners might be introduced.
Full Highway to Sonic Galxe Quest
The Highway to Sonic Galxe Quest consists of 6 sequence of various duties similar to bridging, buying and selling or swapping property, in addition to social duties. Word that it’s essential to full the duties by finish of October 2024.
Full Highway to Sonic Galxe Quest: Sequence 1
Sequence 1 of the Highway to Sonic Galxe Quest requires customers to make use of the Wormhole portal bridge to bridge a minimal of fifty USDC from Ethereum to Fantom. Word that this requires Fantom tokens ($FTM) for transaction charges.
Full Highway to Sonic Galxe Quest: Sequence 2
Sequence 2 of the Highway to Sonic Galxe Quest includes perpetual buying and selling on the Lynx platform. Carry out the required trades and maintain observe of your progress. As earlier than, you’ll want Fantom ($FTM) tokens for transaction charges.
Full Highway to Sonic Galxe Quest: Sequence 3
For sequence 3 of the Highway to Sonic Galxe Quest, lend (deposit) at lesat 20 FTM on Polter Finance. Additionally commerce 30 FTM on the Degen Specific platform. Additionally, you will want to carry 200 $sFTMx, to get $sFTMx, stake FTM or swap tokens on beets.fi.
Full Highway to Sonic Galxe Quest: Sequence 4
For sequence 4 of the Highway to Sonic Galxe Quest, swap at the very least US$20 price of property on Spooky Swap v3. Purchase any merchandise from the in-game store in Estfor Kingdom, and add at the very least US$100 price of property in 1 transaction on the USDC.e/sFTMx pool. Lastly, full the opposite social duties.
Play Sonic Arcade sport
Ranging from thirtieth September 2024, you can begin farming factors with the Sonic Arcade sport. To play the Sonic Arcade sport, join your pockets to and enter our invite code VRNKTI. Then click on “Sonic Arcade” on the left hand bar.
Add Sonic testnet to Rabby Pockets
Sonic recommends you utilizing Rabby pockets, so obtain and set one up when you have not executed so already. Then, click on “Add testnet” and “Join pockets”.
Get testnet $TOKEN
Get some testnet $TOKEN from their faucet as you have to this for his or her play-to-earn factors video games. Every play prices 1 $TOKEN. You possibly can request a most of 420 $TOKEN per week from their faucet.
Play video games
Play every of their 3 video games 20 occasions per day to earn factors for his or her Sonic $S token airdrop.
Earn passive Sonic Factors
To earn passive Sonic Factors for the Sonic ($S) token airdrop, merely maintain the whitelisted property in your Rabby, MetaMask or {hardware} wallets. Word that some property even provide you with factors multipliers within the first 3 months after Sonic’s mainnet launch! Listed here are the whitelisted property and their multipliers: scUSD and stkscUSD (6x multiplier); USDC.e (5x multiplier); scETH, stkscETH, s, wS, stS (4x multiplier); ONE, WETH, SolvBTC, SolvBTC.BBN (2x multiplier). Word nevertheless that S tokens staked by MySonic should not eligible for factors.
Earn Exercise Factors
To earn Exercise Factors for the Sonic ($S) token airdrop, deploy the whitelisted property in step 11 above as liquidity on eligible apps. Yow will discover an inventory of the eligible apps in your dashboard. Be sure to click on “AP Factors” on the prime proper hand nook to kind the dApp checklist to solely embrace collaborating dApps. Collaborating dApps embrace Vicuna Finance, Curve, Yearn, Silo Finance, Stryke, Rings, MachFi, SilverSwap and Yel Finance.
Earn App Factors (Gems)
Incomes App Factors (Gems) permits you to get additional allocation. To earn App Factors (Gems) you have to to develop an app for Sonic. Apps will compete for the Sonic Gems airdrop allocation. These Gems will be redeemed for S tokens, which apps can then distribute to their customers. Every app runs its personal impartial factors program, contemplating components like the quantity of liquidity deployed, the length of deployment, and the precise swimming pools to which liquidity is added. To utilize this function as a person, you’ll want to discover an app that has a factors program which presents the best return to your liquidity.
