Airdrop
Last updated
Last updated
© 2024 Sonic Labs
We're planning an airdrop of 190,500,000 S to incentivize users of both Opera and the new Sonic chain.
Users can start earning points for the airdrop by playing free games on Sonic Arcade. Developers can start by applying to the Sonic Boom bounty program.
The Sonic Foundation deeply appreciates the loyal community that has supported Fantom Opera over the years. While we are committed to rewarding Opera users for their loyalty, our primary focus is now on attracting new users to Sonic, emphasizing TVL growth, transaction volume, and ecosystem development for early-stage Sonic apps.
We will be rewarding users on both Sonic and Opera, as detailed below.
Airdrop incentives for Sonic could look like:
● Liquidity providers (LPs) across a range of Sonic apps ● Staking/validating on Sonic ● Liquid staked token (LST) holders ● Verified contract deployers with high gas consumption ● Audience activation campaign and quest participants ● Miscellaneous Sonic protocol usage and participation ● Users who have bridged funds to Sonic
We have developed a new linear decay mechanism that uses game theory principles to tackle the challenges of airdrop incentives on an active chain. This approach helps prevent sudden large changes in the circulating supply of tokens by gradually reducing and burning tokens over time.
Our airdrop model features a unique burn factor that motivates recipients to increase their on-chain activity while waiting for their ideal time to claim their airdrop. It also penalizes those who decide to claim their airdrop before it fully matures by burning a portion of their tokens. For users who prefer not to wait or participate, there will be a marketplace where they can trade their airdrop allocation.
On the first day of the airdrop, 25% of a user's token allocation becomes available immediately. The remaining 75% is vested over 270 days as NFT positions. Users can claim this initial 25% right away and choose when to claim the rest of their allocation.
The chart below illustrates how many tokens will be burned based on when users choose to claim their remaining airdrop.
Day | Burn Amount |
---|---|
0–30 | 100%–88.9% |
31–60 | 88.9%–77.8% |
61–90 | 77.8%–66.7% |
91–120 | 66.7%–55.6% |
121–150 | 55.6%–44.4% |
151–180 | 44.4%–33.4% |
180–210 | 33.4%–22.3% |
211–240 | 22.3%–11.2% |
241–270 | 11.2%–0% |
Andrew earns 1,000 S in the Sonic airdrop. Andrew can claim his 25% liquid allocation at any time and receive 250 S in his wallet. 90 days pass and Andrew returns to the claim portal, deciding he would like the rest of his airdrop. As 90 days have passed by, he can claim 249.75 S tokens (33.3 of the remaining 750 token allocation) but must burn 500.25 S (66.7% of his locked allocation).
We have engaged OpenBlock and Sentio to manage and oversee our points and airdrop designs through data-backed decision-making.
OpenBlock’s data-driven incentive modeling platform powers over $2B in annual incentive spend and has been a leading provider of rewards design and efficacy analysis for leading protocols in the space including EigenLayer, Lido, Linea, Mode, Arbitrum, Solana, Sui, and many others. To initiate and sustain its ecosystem, Sonic will utilize OpenBlock’s incentive modeling frameworks, ensuring continuous and balanced growth for all actors in the system.
Sentio is an industry-leading indexing service that aids in streamlining continuous point tracking, helping retrieve historical states of all user positions to update user points upon every interaction. With its high-performance database infrastructure, engineered to handle queries at unprecedented speeds, Sentio enables the onboarding of tens of thousands of new users easily and efficiently.
As part of the Sonic Foundation’s research and commitment to this airdrop, we have sought legal opinions to ensure its success.
The program will likely need to exclude any sanctioned country or person including all those who are citizens or residents of or residing in (the “Restricted Countries”): Belarus, Burundi, Central African Republic, Congo, Cuba, DPRK (North Korea), Guinea, Guinea-Bissau, Iran, Iraq, Lebanon, Libya, Mali, Myanmar (Burma), Republic of South Sudan, Russia, Somalia, Sudan, Syria, United States of America, Ukraine, the Crimea, Donetsk, and Luhansk regions of Ukraine, Venezuela, Yemen, or Zimbabwe.
These potential provisions may include:
● Geoblocking: Implementing geo-blocking measures for all restricted countries; ● Self-declaration: Requiring participants to say they are not from one of the restricted countries; or, ● Discretionary exclusion: The Sonic Foundation reserves the right to exclude any wallet address at its sole discretion.
There will be a comprehensive set of terms and conditions provided at the program’s launch.