Fantom Unveils Sonic Mainnet Launch and Community-Centric Rebrand
Fantom Unveils Sonic Mainnet Launch and Community-Centric Rebrand
🔥 Fantom's Sonic Boom
Fantom has announced plans to launch its highly scalable Sonic mainnet in late summer or early fall of 2024. Sonic will serve as a decentralized sequencer for Layer 1 and Layer 2 blockchains, capable of processing over 180 million daily transactions with sub-second finality. The launch will be accompanied by a rebranding of Fantom as a community-centric platform. Key updates include a simplified staking mechanism, liquid staking support, expanded grant programs, and rewards campaigns for existing and new users. Fantom aims to introduce a canonical stablecoin and explore further scaling solutions like parallel execution and zk-proofs. With strong backing from stakeholders, Fantom is committed to this major evolution leveraging its innovative Sonic technology.
Fantom plans to leverage Sonic to build a 'shared sequencer' for other blockchains theblock.co/post/284587/fa…
Michael Kong Unveils Sonic’s Launch and Beyond TL;DR Sonic will be used to create a new best-in-class shared (decentralized) sequencer for L1 and L2 chains, capable of 180M daily transactions at sub-second finality, and serve as the foundation to relaunch Fantom as an entirely
As a builder who has run a dapp on the Fantom Sonic devnet, I can confidently say that Sonic provides an unparalleled blockchain user experience. It is incredibly fast, affordable, and a Layer 1 blockchain that doesn't require bridging. Moreover, the remarkable unity of the
1/ "Exemplary 99.9% uptime. Fantom's novel solutions position it as a frontrunner in the development of decentralized networks." @ReflexivityRes's Q1 '24 report on #Fantom covered: 🌐 Blockchain consensus 💻 Fantom technology ✅ Fantom uptime Let's explore the report 👇
Overview of @FantomFDN's Q1 Developments: Fantom has long been part of the L1 smart contract “wars,” finding success with its Ethereum Virtual Machine (EVM) compatibility and novel consensus mechanism that has remained robust and reliable over the years, whereas other L1s have
Sonic Labs Innovator Fund Announces New Grant Recipients
The Sonic Labs Innovator Fund has unveiled its latest grant recipients, offering up to 200M $S for new ventures and dApps migrating to Sonic. The new partners include: - PaintSwap: Building a marketplace for trading Sonic airdrops, featuring ERC-1155 fNFT and an advanced order book. - Equalizer Exchange: A DEX with a vote escrowed model to drive liquidity to high-volume token pairs. - SilverSwap: A DeFi hub supporting dynamic fees, concentrated liquidity, rebase tokens, and plugins. These dApps will be available on Sonic at launch. The fund aims to accelerate innovation and ensure top dApps migrate to the new Sonic chain.
OpenBlock Labs Partners with Sonic for Airdrop
OpenBlock Labs, crypto's incentive operating system, partners with Sonic for a 190,500,000 $S airdrop across multiple phases. OpenBlock specializes in creating and deploying incentive campaigns for various protocols. They manage over $2 billion in annual incentive spend and have a team of 45 engineers and researchers. The partnership aims to optimize incentive models and identify genuine users for long-term contributions to the Sonic network. OpenBlock will provide anti-Sybil protection, including exploitative behavior detection, wash trading detection, and volume profiling. This collaboration ensures fair rewards distribution for users, developers, and validators on Opera and Sonic.
Rabby Wallet Tutorial and Gas-Free Trading Program
Opera has released a step-by-step video tutorial for setting up a Rabby Wallet. As part of their Gas-Free Trading Program in partnership with Rabby, they're sponsoring up to 10 DEX transactions per user. This offer is available for new wallets or those inactive for 90 days at the program's launch. Key points: - Video tutorial available for Rabby Wallet setup - Up to 10 free DEX transactions per user - Eligible: New wallets or 90-day inactive ones This initiative aims to encourage user engagement and reduce transaction costs on the Opera platform.
Fantom's Sonic Labs to Bolster Ecosystem with Five New Projects
Fantom's Sonic Labs program has selected five new projects to receive funding and support. The projects are Lynx Protocol (perpetuals DEX), Thunder Dome (SocialFi platform), Debita Finance (P2P lending), Kiri Coin (green-tech startup), and Froqorion (party-based RPG). Each project will receive 200,000 FTM tokens, mentorship from Andre Cronje, guidance from Pyth Network's Kemar Titi, and compliance, payroll, and legal support. These projects are expected to further diversify and strengthen Fantom's ecosystem.
Fantom Newsletter Breakdown and Subscription Promotion
Fantom has released a breakdown of their most recent newsletter, providing insights and updates on the project. They are encouraging users to subscribe to receive the latest Fantom news directly to their inboxes.