Finance
What to know:
- Hold onto your wallets, folks! Community members of Sonic just rolled the dice on a $150 million U.S. expansion plan. Yes, that’s right-time to get institutional with style! 💃
- What’s in the bag? A spicy $50 million ETF, a $100 million Nasdaq PIPE investment vehicle, and let’s not forget our new BFF-Sonic USA-now based in NYC! 🚀
- The master plan? Making Sonic the Beyoncé of blockchains by improving token distribution and giving inflation a swift kick in the rear. Bye-bye, dollar store vibes! 🌟
In a move that could make your accountant shed a tear of joy, Sonic-formerly known as our beloved Fantom blockchain-made a tactical play for the big leagues. They hit the community up for a hefty vote to fund this dazzling U.S. expansion strategy. You know, just casually $50 million on an ETF and a $100 million investment program, with a side of Delaware-registered business. Because who doesn’t need another excuse to visit Delaware? 🤷♀️
With 99.99% of participants all in, it seems the naysayers were outnumbered. Just 51,200 anti-change votes tried to rain on this parade, while 860.6 million said “Yes, please!” to tank tops and ETFs! 🎉
Now, Sonic Labs had to pitch this plan like it was a dating profile. Apparently, their last “2018 tokenomics” approach was like a poorly written rom-com-giving away too much too soon, holding just 3% of tokens at launch while all the cool kids were hoarding 50%-90%. Talk about relationship drama! 💔
But hold your horses! The team insists this new strategy will help them snag some primo crypto exchange listings and partnerships. Because nothing says “I mean business” like a $150 million bank roll! 💼
This thrilling initiative also has an ETF on board with a legit regulated provider that manages over $10 billion. Yes, darling, you heard it-BitGo will take care of custody. So rest easy, your digital treasures are in good hands! 🏦
In another clever twist, every transaction fee will now go toward burning more tokens. Because, really, who doesn’t love a good token bonfire? 🔥
As for whether these fancy moves will actually lure in the customers, only time will tell. But for now, Sonic is armed, dangerous, and ready to strut into the ETF and traditional finance world like it owns the place. Because who says blockchains can’t rock the finance runway? 💪💸
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2025-09-01 13:16