What Is Sonic Finance?
Sonic Finance Is A Decentralised Non-Custodial Liquidity Market Protocol Where Users Can Participate As Stakers Or Farmers. Farmers Provide Liquidity And Stake Lp Token To The Market To Earn A Passive Income, While Stakers Are Able To Stake In A Pool Or Undercollateralised (One-Block Liquidity) Fashion.
Sonic Finance Unique Features
- The rewards
- Staking and Locking
- Farming
- Swap
- Referrals
Roadmap
Q3 2022
Mainnet Launch on BNB Chain
Bug Bounty Launch
Listing of native stablecoins
Ecosystem partnerships
Q4 2022
PancakeSwap listing
Full Launch on BNB Chain
Launch of Staking with high APR
Launch of Farming with high APR
Preparation for Sonic Finance Labs Innovation Fund
Q1 2023
Launch of veSNC governance and gauge voting
Launch of IDO, INO, IFO, NFT Marketplace
Adding Innovative Stablecoins and Bridged Stablecoins
Futures on DEX (futu.sonicfinance.io coming soon !)
Multi-chain deployment
Token economy
Utility: staking and locking
As SNC has no governance or ownership, there is also no protocol treasury. Instead, 50% of the revenue generated through borrowing is distributed directly to users who stake SNC. Both stakers and farmers receive SNC rewards to incentivize protocol use.
SNC liquidity mining employs a mechanism first introduced by Sonic Finance Swap on BSC. Rewards are vested for 3 months, but may be claimed immediately for a 50% penalty. The penalty is then distributed to users who choose to lock SNC for 7 days, 1 month or 3 months. This mechanism ensures steady rewards for those who actively commit to the protocol by locking their tokens.
SNC stakers receive protocol fees, SNC lockers receive protocol fees as well as exit penalties from users who exit their vests early.
Detailed Token Metrics
TBA
Token Distribution
SNC has a total supply of 1,000,000,000.
- 50% liquidity Mining (for 10 years for liquidity mining to incentivize future liquidity providers and incentivize users)
- 20% sonic lab (5 years for sonic lab to support market development, ifo, ido, ino, nft)
- 10% marketing (5 years for sonicfinance.io ecosystem platform, community incentive, marketing and campaign)
- 15% burning (to be burned gradually over 10 years to stabilize snc token inflation)
- 5% of the team (for 10 years for the advisory group)
Token Release Schedule
TBA
Partners & Advisors
TBA
Team
TBA
Investors
TBA
