The First LBP Sale
Our first LBP event will see us launch 100,000 SonicX tokens, at a total of 6 million USD valuation (total supply — 125M). The SonicX token, the key to unlocking the many possibilities within our platform, plays a pivotal role in our transformation from a DEX to a DAO.
The first LBP event will begin at a set time and run for 24 hours only. It’s an opportunity for our earliest supporters to be part of our transformational journey. The SonicX tokens acquired during this event can be converted into SOC tokens, the official tokens of the Sonic platform, after our Service Nervous System (SNS) launch.
Remember, the more SonicX tokens you acquire during the LBP, the greater your opportunity to maximize your potential in the Sonic ecosystem.
The Second LBP Sale
Building on the momentum of our first LBP event, we will launch our second token sale. This event will introduce 1 million SonicX tokens into the market.
This second LBP sale comes valuation set by the first sale LBP event; this sale offers a strategic opportunity to participate in the growing Sonic ecosystem.
Furthermore, this second LBP event will be a longer-term engagement, running for 15 days. During this period, participants will be able to secure SonicX tokens. The second token sale will not only make available 1M SonicX tokens, but it will also present an opportunity for participants to earn Sonic bonus tokens.
For every SonicX token purchased in the second LBP sale, participants will be rewarded with 3X Sonic bonus tokens. This reward system represents a fantastic opportunity for all participants to leverage their contributions and maximize the return on their support for our project.
How is the Bonus Calculated?
The bonus in an LBP is calculated based on the number of tokens a participant holds at the end of the LBP. For example, if a participant holds 500 tokens at the end of the LBP and the bonus multiplier is 20X, the participant will receive a bonus of 500 * 20 = 10,000 tokens. The calculated bonus is then credited directly to the participant’s wallet post-SNS, adding to their token balance. (Bonus tokens are subjected to vesting)
Ensuring Liquidity
We understand that liquidity is paramount for the success of any token. To ensure this, Sonic pledges to allocate 30% of the total funds raised from the LBP toward creating a liquid market for SonicX tokens. This means that SonicX token holders will have the freedom to trade tokens based on their investment strategies and market movements, providing them with more control over their investments.
As we march towards our goal of being a Decentralized Autonomous Organization, we believe in the strength of our community. It is the support and trust of our community that fuels our growth.
Let’s harness the power of decentralization together. Join us in our SonicX token LBP sale and be a part of the Sonic revolution!
