Sonic Governance Vote #1 Deadline
The vote, launched on August 20, 2025, proposes issuing 300 million $S tokens to fund a $50 million ETF/ETP, a $100 million NASDAQ PIPE, and 150 million $S for Sonic USA LLC, a new U.S. entity. The goal? To boost Sonic’s presence in the U.S. with a NYC office, a dedicated CEO, and partnerships to drive adoption. A key feature is a revamped fee structure, with 5% of FeeM transaction fees burned and 50% of non-FeeM fees burned, aiming to create a deflationary environment for $S. If approved, this could attract institutional investors while aligning Sonic with modern tokenomics trends. Rejection keeps the current setup intact, potentially limiting growth. A risk to note: token issuance may dilute existing holders, so weigh the long-term benefits against short-term impacts.Recent NewsSonic has been making waves recently, with the vote announcement sparking excitement. The project saw a 4% price rebound to $0.3258 for $S amid a broader market dip, hinting at strong community confidence. The establishment of Sonic USA LLC in Delaware marks a bold step toward U.S. expansion, while partnerships with BitGo for custody and a major ETF provider signal serious TradFi ambitions. This follows years of technical success, with Sonic proving its speed and stability since evolving from Fantom.Future PlansLooking ahead, Sonic aims to modernize its 2018 tokenomics, giving the team more control to seize opportunities like exchange listings and Web2 partnerships. The roadmap includes ranking higher on platforms like CoinMarketCap and CoinGecko for visibility, expanding U.S. regulatory engagement, and enhancing DeFi use cases with USDC. Sonic USA will lead business development and policy outreach, setting the stage for long-term growth in a competitive landscape.Onchain DataRecent onchain activity shows Sonic’s market cap at $1.027 billion, with 3.22 billion $S tokens circulating and a transaction volume of $178 million over the last 24 hours. The network handles 5 transactions per second, with the latest block confirming in just 0.65 seconds. Exact staking or wallet growth data isn’t available yet, but the high transaction volume suggests active usage, a positive sign as the vote approaches.Community SentimentThe X community is buzzing with mixed reactions. Many are thrilled, with some voting “yes” with millions of $S, citing the need to compete with rivals holding 50-90% of their token supply. Others express concern over dilution, urging the team to buy back tokens instead. Influencers highlight the vote’s potential to boost adoption, though debates about decentralization versus growth persist. The overwhelming 99.79% approval rate in early voting reflects strong support, but discussions remain lively.Additional InsightsThis move mirrors a market shift where chains act more like companies, using reserves to seize opportunities. Compared to peers with large treasuries, Sonic’s near-zero control has been a hurdle, but this vote could level the playing field. For users, benefits include potential price stability from burns and increased visibility, though volatility risks linger. Stay informed and vote if you hold $S - your voice shapes Sonic’s future!
Sonic
August 31
