Express
Sonic Labs Announces Next Phase Plan: Introducing Tiered Fee Monetization Structure, Opening Office in New York, and More
Summary: Sonic Labs CEO Mitchell Demeter shared the project's next phase plan on the X platform. Demeter stated that Sonic currently has sufficient funds, no liquidity concerns, and the resources needed to execute long-term plans. Sonic will focus on driving development based on real-world utility, clear economic benefits, and consistent delivery of results, rather than speculation. ...
Sonic Labs CEO Mitchell Demeter shared the project's next phase plan on the X platform. Demeter stated that Sonic currently has sufficient funds, no liquidity concerns, and the resources needed to execute long-term plans. Sonic will focus on driving development based on real-world utility, clear economic benefits, and consistent delivery of results, rather than speculation. Additionally, Sonic plans to enhance token economics, aiming for deflation and introducing a new Tiered Fee Monetization (FeeM) structure with reward levels ranging from 15% to 90%. 10% will be allocated to validators, with the rest being burned, incentivizing actual usage and network activity while promoting deflation. Sonic is also progressing with plans to establish an office in New York City to strengthen the growing team and refocus on institutional partnerships and policy relationships. The focus will shift towards enhancing business value, implementing selected Ethereum Improvement Proposals (EIPs), and introducing Sonic Improvement Proposals (SIPs).
Tags:
Link: Sonic Labs Announces Next Phase Plan: Introducing Tiered Fee Monetization Structure, Opening Office in New York, and More [Copy]
