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Home” Ecosystem” Sonic Labs nears mainnet launch after finishing airdrop picture
by
Estefano Gomez
Dec. 2, 2024
Sonic Labs attains a significant turning point with the production of its genesis block, bringing it closer to the general public mainnet launch.
Image: Box Mining
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Sonic Labs revealed its brand-new blockchain produced its very first block of deals, marking an essential action towards its mainnet launch.
Genesis accomplished.
Block absolutely no.
Facilities releasing.
Public quickly.
— Sonic Labs (prev. Fantom) 💥 (@ 0xSonicLabs) December 2, 2024
The Layer 1 blockchain task, which divided from the Fantom network, showed the network will go “ public quickly after producing its Genesis block.
On Sunday, Sonic Labs published on X that they had actually finished part of their photo for the token airdrop allowance.
According to its site, Sonic will airdrop 190,500,000 $S tokens, which can be exchanged 1:1 with Fantom’ s FTM tokens, amounting to an astonishing $226 million worth of tokens.
Following the statement, Fantom’ s FTM token experienced a gain of over 20%, increasing from $1 to $1.20.
In addition to the airdrop news, Sonic Labs shared information about its updated testnet, called Blaze.
The testnet has actually processed over 655,000 blocks, accomplishing an outstanding typical block time of 0.33 seconds, managing 8 deals per 2nd, and a finality time of 0.8 seconds, showcasing the network’ s efficiency enhancements as it moves closer to mainnet launch.
The brand-new chain will include the Sonic Gateway, a bridge to Ethereum, allowing access to Ethereum’ s liquidity and user base while keeping high throughput and low deal expenses.
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