What is Sonic (prev. FTM)?

Sonic's Fee Monetization program allows developers to receive up to 90% of fees generated by their apps, providing them with sustainable income to retain creators while supporting network infrastructure.

Sonic's token burn program aims to burn over $9 million worth of S tokens annually, managing the S token supply and preventing all airdropped tokens from being liquid on distribution.

Sonic's blockchain technology is based on a proof-of-stake mechanism, allowing S token holders to participate in staking. The blockchain operates on a dynamic translation mechanism, where code is translated into a more efficient instruction format in the client, allowing for more efficient execution of smart contracts.

Sonic is a successor to the Fantom Opera network, designed for speed, aiming to provide developers with low-latency transactions and reduced fees. Fantom is a decentralized finance (DeFi) ecosystem that has been rebranded as Sonic.

Sonic compares favorably to competitors in the market, including Ethereum, Solana, and Arbitrum, in terms of its speed, scalability, and developer incentives. Sonic's blockchain technology is designed to provide fast, secure, and cost-efficient transactions, making it an attractive option for developers and users.

Sonic's token distribution plan includes allocations to the community, early backers, investors, and foundations, with a focus on ensuring long-term ecosystem growth and community engagement.

Sonic's community-driven approach involves incentivizing creativity and participation through various reward mechanisms, including Fee Monetization and token airdrops. The community is also involved in decision-making processes through voting mechanisms.