Sonic Labs has announced significant changes to its ETF token issuance plan, reflecting caution in the current market environment. This roadmap adjustment is based on the actual market situation and community feedback.
Reasons for Pausing the Original Plan
Last month, the Sonic community approved a governance proposal to use 50 million USD worth of S tokens to deploy an ETF product in the US. However, as the price of S dropped sharply to (currently at $0.08), executing the original formula would require issuing an additional 600 million S tokens — an extremely large number. This would contradict the initial goal of the proposal, so Sonic Labs has decided to postpone and not mint any tokens at the current price.
New Activation Conditions Set
To protect the interests of the S token community, Sonic Labs has established clear criteria:
Activation Threshold: ETF tokens are only issued when the price of S exceeds $0.5
Quantity Limit: Not exceeding 100 million S tokens for the entire program
Value Cap: Total value not exceeding $50 million
Issuance Strategy: Prioritize smaller issuances at higher prices to optimize value for the community
Token Lock Mechanism to Ensure Stability
S tokens used for the ETF will be fully locked in management products and cannot be traded on the secondary market. This measure prevents any selling pressure and ensures supply does not increase suddenly.
Long-term Vision
Sonic Labs confirms that listing the ETF in the US remains a key strategic goal, providing legitimate access opportunities for institutional investors. All upcoming steps will be announced through transparent management and communication processes to maintain community trust.
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Sonic Labs adjusts token issuance roadmap ETF: Activation at $0.5, with a maximum scale of $50 million
Sonic Labs has announced significant changes to its ETF token issuance plan, reflecting caution in the current market environment. This roadmap adjustment is based on the actual market situation and community feedback.
Reasons for Pausing the Original Plan
Last month, the Sonic community approved a governance proposal to use 50 million USD worth of S tokens to deploy an ETF product in the US. However, as the price of S dropped sharply to (currently at $0.08), executing the original formula would require issuing an additional 600 million S tokens — an extremely large number. This would contradict the initial goal of the proposal, so Sonic Labs has decided to postpone and not mint any tokens at the current price.
New Activation Conditions Set
To protect the interests of the S token community, Sonic Labs has established clear criteria:
Token Lock Mechanism to Ensure Stability
S tokens used for the ETF will be fully locked in management products and cannot be traded on the secondary market. This measure prevents any selling pressure and ensures supply does not increase suddenly.
Long-term Vision
Sonic Labs confirms that listing the ETF in the US remains a key strategic goal, providing legitimate access opportunities for institutional investors. All upcoming steps will be announced through transparent management and communication processes to maintain community trust.