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Sonic Updates ETF Token Allocation Plan: Execution Only When S Price Exceeds $0.5, Issuance Cap at $50 Million
Summary: Sonic Labs has announced an update to its ETF token allocation plan. Following a governance proposal authorizing up to $50 million worth of S tokens for a potential US-listed ETF to enter the regulated US market, Sonic Labs decided to postpone execution due to market conditions and a significant decrease in S price. The new ...
Sonic Labs has announced an update to its ETF token allocation plan. Following a governance proposal authorizing up to $50 million worth of S tokens for a potential US-listed ETF to enter the regulated US market, Sonic Labs decided to postpone execution due to market conditions and a significant decrease in S price. The new plan specifies that ETF tokens will only be minted when S price exceeds $0.5, with a maximum issuance of 100 million tokens, totaling a strict cap of $50 million. The tokens will be locked within regulated products and will not enter the secondary market, ensuring no additional market pressure. The team emphasizes that the US-listed ETF remains a long-term strategic focus, aiming to provide compliant exposure to Sonic for institutional investors, with any adjustments communicated clearly through governance processes.
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Link: Sonic Updates ETF Token Allocation Plan: Execution Only When S Price Exceeds $0.5, Issuance Cap at $50 Million [Copy]
