Sonic Labs has recently announced a $1M buyback plan for its native $S token, as part of an intentional strategy to bolster their ecosystem and support continued growth. The buying back will take place on Binance, where purchased tokens are bought in portions and further sent to the campaigns for onboarding together with the exchange. This is part of a wider plan to better integrate the token into Sonic Labs’ growing ecosystem and increase engagement over time. Instead of a one-time purchase, the team will release the tokens gradually, in line with user acquisition and engagement activities. Sonic Labs has
The post Sonic Labs To Implement $1 Million Buyback Plan Amid Continuation Of Its AI dApp Development Vision appeared first on The Merkle News.
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The Sonic blockchain is a new, separate chain to the Fantom Opera network and users will soon be able to swap their FTM tokens for “S” tokens at a 1:1 ratio.
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