On August 31, the Sonic Labs community voted to pass the proposal "U.S. Market Expansion and TradFi Adoption Plan." This proposal aims to launch Sonic USA LLC to start operations in the U.S., hire a CEO for Sonic USA, and build a complete U.S. team along with establishing an office in New York, while also providing performance-based employee incentive programs. At the same time, the company plans to strengthen long-term deflation through a Gas fee mechanism. Additionally, network parameters will be adjusted: approving the issuance of tokens for a $50 million ETF quota; $100 million Nasdaq PIPE development; and 150 million S tokens for Sonic USA, or completely reject the above parameter adjustments.
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The Sonic Labs community voted to approve the "U.S. Market Expansion and TradFi Adoption Plan" proposal.
On August 31, the Sonic Labs community voted to pass the proposal "U.S. Market Expansion and TradFi Adoption Plan." This proposal aims to launch Sonic USA LLC to start operations in the U.S., hire a CEO for Sonic USA, and build a complete U.S. team along with establishing an office in New York, while also providing performance-based employee incentive programs. At the same time, the company plans to strengthen long-term deflation through a Gas fee mechanism. Additionally, network parameters will be adjusted: approving the issuance of tokens for a $50 million ETF quota; $100 million Nasdaq PIPE development; and 150 million S tokens for Sonic USA, or completely reject the above parameter adjustments.