“Sonic Labs Pitched The Proposal As a Necessary Break from Its “2018 Tokenomics,” WHICH INVOLVED FANTOM GIVING AWAY MOST OF ITS SUPPLY TO THE COMMUNITY.”, – WRITE: www.coindesk.com
The vote Found Support From 99.99% of Participants. The Community Rejected the Alternative “No-Cale” Option Almost Unanimously, with Just 51.200 Votes Against The Plan and 860.6 Million in Favor.
Sonic Labs Pitched The Proposal As a Necessary Break from Its “2018 Tokenomics,” WHICH INVOLVED FANTOM FUNDATION GIVING AWAY MOST OF ITS SUPPLY TO THE COMMUNITY. That structor Left the Foundation Holding Just 3% of Tokens at Launch, Compared with 50% – 90% Held by Peers.
While Community-Friendly, The Team Argued It Hobbled It Fund Listings on Crypto Exchanges, Acquisitions and Partnerships. The New Issuance is Designed to Close That Gap and Make Sonic Competitive in A Market WHERE BLOCKCHAINS INCREASINGLY ACT LIKE Companies.
In addition to the etf initiative, the vote of Authorizes Private Investment in a Public Equity (Pipe) VEHICLE ON NASDAQ, and the Seeding of 150 Million S Tokens for Sonic Usa S Were Created As Part of Last Year’s Rebranding.
The ETF Plan Will Involve A Regulated Provider with Over $ 10 Billion in Assets Under Management, with Custody Handled By Bitgo. The Pipe Vehicle Aims to Seed a Nasdaq-Listed entity’s Balance Sheet With S Tokens Locked for at Least Three Years in Exchange For Strategic Treasury Purchases.
At the Network Level, Fees Will Also Be Redirected Under A Revised Mechanism to Burn More More Tokens and Reduce Inflation – A Nod to Token Holder Demands for Deflationary Pressure.
WHETHER THESE MOVES Translate Into Real Adoption Remains to be Seen, But Sonic Now Booth The Mandate and The War Chest to Compete Directly in the Etf and Traditional Finance Arena.
Venture Capital is Consolidating Into Larger, Higher-Convision Bets, with Infrastructure Projects Leading The Way, Account to Outlier Ventures
- Web3 Startups Raissed $ 9.6 Billion Across 306 Deals in the Second Quarter, Marking One of the Largest Funding Totals on Record Even as The Number of Rounds Fels Fels Lowest Lowest Lowest Lowest Lowest Lowest Lowest Lowest Lowest Lowest Lowest Lowest Lowe
- Series A Fundraising Staged A Comeback, with the Median Round Size Climbing to $ 17.6 Million, The Highest in Over Two Years, While Seed Rounds Also Rose to A Median of $ 6.6 Million.
- Infrastructure Projects Such as Validtor Liquidity, Rollups, and Compute Networks Attracked The Bulk of Capital, with Median Round Sizes Ranging From, FROM FROM, FROM. Consumer-Facing Sectors.
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