Sonic Labs (Fantom) ($S) token airdrop guide

Sonic Labs (Fantom) ($S) is a layer-1 platform with a secure gateway to Ethereum, offering the fastest settlement layer for digital assets with over 10,000 TPS and one-second transaction confirmations, supported by a massive incentive program. They have a potential airdrop campaign known as the Sonic Gems and Sonic Boom bounty program. Here is our Sonic Labs (Fantom) ($S) token airdrop guide.

Check out our step by step guide!

SONIC Airdrop guide: 200 MILLION tokens!!

What is Sonic Labs (Fantom)($S)?

Sonic Labs is a rebranded entity from the former Fantom Foundation, responsible for driving growth among applications, partnerships, and users. It oversees the Sonic chain, a new layer-1 platform offering a secure gateway to Ethereum, with over 10,000 TPS and one-second transaction confirmations. The Sonic ecosystem supports a massive incentive program and features the native S token, which simplifies staking and introduces various incentive programs.

What is the Sonic Labs (Fandom) ($S) token?

Sonic Labs (Fantom) ($S) will have a native token known as $S. Here are its main features:

  • Native Token: The S token is the native token for the Sonic network, used for various roles including staking and transaction fees.
  • Staking Rewards: Validators can earn block rewards and transaction fees by staking S tokens. The reward rate reaches 3.5% when 50% of the network is staked.
  • Supply and Conversion: At launch, 3.175 billion S tokens will be available, matching the supply of FTM tokens, which can be converted at a 1:1 ratio.
  • Inflation Control: Additional tokens will be minted for specific programs, but unused tokens will be burned to prevent inflation.

Furthermore, their Documentation states that they will mint 6% of the 3.175 billion $S tokens 6 months after Sonic launches. These tokens will be exclusively used for programs within the airdrop campaign and will reward both Opera and Sonic users and builders.

How to get the Sonic Labs (Fantom) ($S) token airdrop?

Here’s a guide on how to get the potential Sonic Labs (Fantom) ($S) token airdrop

  1. Become a developer for Sonic Labs

    If you have the necessary technical skills, you can consider joining Sonic Labs’ Developer’s Path If you’re a developer, Sonic Boom offers up to 30 winning projects a chance to secure airdrops. Projects will distribute these airdrops as rewards for using their applications. You can apply to Sonic Boom and compete for these slots. The program launched on August 20th, with a submission deadline of 1st November 2024. On 4th November 2024, the winners will be announced.

  2. Complete Road to Sonic Galxe Quest

    The Road to Sonic Galxe Quest consists of 6 series of different tasks such as bridging, trading or swapping assets, as well as social tasks. Note that you must complete the tasks by end of October 2024.

  3. Complete Road to Sonic Galxe Quest: Series 1

    Series 1 of the Road to Sonic Galxe Quest requires users to use the Wormhole portal bridge to bridge a minimum of 50 USDC from Ethereum to Fantom. Note that this requires Fantom tokens ($FTM) for transaction fees.

  4. Complete Road to Sonic Galxe Quest: Series 2

    Series 2 of the Road to Sonic Galxe Quest involves perpetual trading on the Lynx platform. Perform the required trades and keep track of your progress. As before, you’ll need Fantom ($FTM) tokens for transaction fees.

  5. Complete Road to Sonic Galxe Quest: Series 3

    For series 3 of the Road to Sonic Galxe Quest, lend (deposit) at lesat 20 FTM on Polter Finance. Also trade 30 FTM on the Degen Express platform. You will also need to hold 200 $sFTMx, to get $sFTMx, stake FTM or swap tokens on beets.fi.

  6. Complete Road to Sonic Galxe Quest: Series 4

    For series 4 of the Road to Sonic Galxe Quest, swap at least US$20 worth of assets on Spooky Swap v3. Buy any item from the in-game shop in Estfor Kingdom, and add at least US$100 worth of assets in 1 transaction on the USDC.e/sFTMx pool. Finally, complete the other social tasks.  

  7. Play Sonic Arcade game

    Starting from 30th September 2024, you can start farming points with the Sonic Arcade game. To play the Sonic Arcade game, connect your wallet to https://airdrop.soniclabs.com/ and enter our invite code VRNKTI. Then click “Sonic Arcade” on the left hand bar.

  8. Add Sonic testnet to Rabby Wallet

    Sonic recommends you using Rabby wallet, so download and set one up if you have not done so already. Then, click “Add testnet” and “Connect wallet”.

  9. Get testnet $TOKEN

    Get some testnet $TOKEN from their faucet as you will need this for their play-to-earn points games. Each play costs 1 $TOKEN. You can request a maximum of 420 $TOKEN per week from their faucet.

  10. Play games

    Play each of their 3 games 20 times per day to earn points for their Sonic $S token airdrop.

  11. Earn passive Sonic Points

    To earn passive Sonic Points for the Sonic ($S) token airdrop, simply hold the whitelisted assets in your Rabby, MetaMask or hardware wallets. Note that some assets even give you points multipliers in the first 3 months after Sonic’s mainnet launch! Here are the whitelisted assets and their multipliers: scUSD and stkscUSD (6x multiplier); USDC.e (5x multiplier); scETH, stkscETH, s, wS, stS (4x multiplier); ONE, WETH, SolvBTC, SolvBTC.BBN (2x multiplier). Note however that S tokens staked through MySonic are not eligible for points.

  12. Earn Activity Points

    To earn Activity Points for the Sonic ($S) token airdrop, deploy the whitelisted assets in step 11 above as liquidity on eligible apps. You can find a list of the eligible apps on your dashboard. Make sure you click “AP Points” at the top right hand corner to sort the dApp list to only include participating dApps. Participating dApps include Vicuna Finance, Curve, Yearn, Silo Finance, Stryke, Rings, MachFi, SilverSwap and Yel Finance.

  13. Earn App Points (Gems)

    Earning App Points (Gems) allows you to get further allocation. To earn App Points (Gems) you will need to develop an app for Sonic. Apps will compete for the Sonic Gems airdrop allocation. These Gems can be redeemed for S tokens, which apps can then distribute to their users. Each app runs its own independent points program, considering factors like the amount of liquidity deployed, the duration of deployment, and the specific pools to which liquidity is added. To make use of this feature as a user, you will want to find an app that has a points program which offers the highest return for your liquidity.

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Angela Wang
Angela loves cryptocurrency, technology that improves our lives...and food. Anything that merges these worlds together is even better.