Binance Official Announcement: Sonic (S) Tokenomics Update Notification

BlockBeats News, September 3rd, Binance Official Announcement: According to the approved proposal by Sonic, the total supply of Sonic (S) will increase from approximately 3.41 billion to approximately 3.89 billion, with a circulating supply increase of 472 million (14.2% increase).

Only when the ETF final protocol is reached, an additional $50 million worth of Sonic (S) will be added to the total supply.

Binance trading page will synchronize the display of a risk warning pop-up and banner.

BlockBeats previously reported that the Sonic Labs community voted in favor of the "U.S. Market Expansion and TradFi Adoption Plan" proposal, which plans to launch Sonic USA LLC to initiate U.S. operations. Approval for the issuance of tokens for a $50 million ETF quota, $100 million Nasdaq PIPE development, and 1.5 billion S tokens for Sonic USA.