S/BRL

Sonic (S) is a reformulation of the Fantom network ecosystem, created in 2018. After the migration, the Sonic Network platform was created together with the S asset. In this article, you will understand the changes and the differences of the project.Fantom EcosystemSince its launch on the market, the FTM currency of the Fantom network has caught the attention of several investors due to its price jumps in short periods.The Fantom Foundation is responsible for creating the Fantom network, with high speed and low cost. It is compatible with the Ethereum Virtual Machine (EVM).The L1 blockchain structure promised to provide viable solutions for decentralized networks, standing out in: scalability, security and decentralization.Solution to common problemsIt is common for smart contract networks to fall short in some of the points presented above. This happens with Bitcoin and Ethereum, which are secure and decentralized, but lack scalability.As a solution, Fantom uses the Lachesis mining-free consensus algorithm, based on Directed Acyclic Graph (DAG). Despite its peculiar name, its operation is not that complicated.Transactions are validated asynchronously, before being organized into blocks on the main blockchain (Fantom Opera).Unlike traditional chains, such as Bitcoin, which rely on mining to confirm blocks, Fantom adopts a model based on Proof-of-Stake (PoS), ensuring speed and energy efficiency.Fantom focuses on the experience of developers. Proof of this is the governance system, in which FTM holders in stake can propose and vote on changes to the network, with specific rules for participation.FTM: native currency of the Fantom networkFTM functions as a governance asset for the Fantom network, that is, it acts as a digital currency for exchange, both as a reward and as payment for transactions.Investors can use it to pay fees on the Fantom network, such as the debt created when developing smart contracts or second-layer networks.The currency was designed for the execution of smart contracts on the Fantom Opera blockchain, ensuring the security and efficient functioning of the ecosystem.Migration to SonicFantom migrated to Sonic (S) in December 2024, with many proposed improvements and a new crypto asset. See what the changes were and how they impact investors.Scalability and technology improvementsSonic Network is a faster and more scalable redesign of the Fantom network, which maintains compatibility with the Ethereum Virtual Machine (EVM). Among the differences are:increased speed: Sonic Network can process up to 10,000 (transactions per second) with confirmation times under one second.reduced commissions: low transaction costs to improve the experience for users and developers.Another important new feature is FeeM (Fee Monetization), a Sonic (S) program that rewards developers with up to 90% of the fees generated by applications.New incentive modelThe issuance and distribution of S coin are different from those of FTM, although there is still a strong connection regarding infrastructure, as the transition was designed to preserve the user experience.The goal of this change is to ensure the sustainability of the project in the long term, incentivizing both users and developers. Check out the new features below.New features of SAmong the new features brought by S (prev FTM), are:airdrop of 190.5 million units to reward the community and developers;issuance of 1.75% per year after the first 4 years of creation to finance validator rewards and foster ecosystem growth;burning of unused assets as an incentive to reduce inflation.Rebranding and strategic positioningThe Sonic (S) project has accompanied the improvements in technologies and incentives with a new name and design. This has resulted in a renewed image, which allows it to play a new role in the cryptocurrency market.The move from Fantom to Sonic, including the blockchain upgrade and the return of the core developer, were key to the project’s growth. Recently, S saw a 50% increase in just a few days, attracting attention.Invest in S at NovaDAXHave you enjoyed learning about Sonic and want to invest in S? The best way to do so is at NovaDAX! Create your free account now and invest with the lowest rates on the market!