After months of hard work, Sonic is excited to announce that it plans to reserve a substantial amount of funds. Sonic is your go-to DeFi hub on the Internet Computer for all your swapping, liquidity pooling, and trading needs. Our platform is built to take advantage of unlimited scalability and lightning-fast transaction finality. Sonic operates on a gasless Automated Market Maker (AMM), allowing users to add new tokens, create swap pairings, and earn fees by providing liquidity to pools. Traders can easily swap tokens using existing pairings as long as there is enough liquidity available. Thanks to the Internet Computer, all transactions are gasless, with the only fees being those paid to liquidity providers.
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About Sonic
Now, users can access the Sonic App to trade tokens and earn fees as a liquidity provider, with 75% of total tokens reserved for active community members. Whether by providing liquidity early, participating in the Sonic protocol community, or contributing to the open-source code, users can help drive growth. This DeFi hub offers swapping, liquidity pooling, and trading services on the Internet Computer platform for unlimited scalability and fast transaction finality. The gasless Automated Market Maker (AMM) allows users to add new tokens, create swap pairings, and earn fees by providing liquidity. Traders can swap tokens using these pairings if there is enough liquidity. Transactions are gasless, with fees only going to liquidity providers.
Step-by-step guide
Visit the Sonic Airdrop announcement page, and read carefully. Add a Token/pair to Sonic. The Sonic app comes with a fixed set of assets; $ICP, Wrapped ICP (WICP), and Cycles Token (XTC). Sonic will be capturing all early platform activity through CAP, keeping careful records of community members who help drive growth, and will do retrospective token allocation to early participants that fit into either camp when they launch the $SONIC governance token. Sonic is a DeFi protocol for the people, driven by the people!
Disclaimer: This content is for educational and informational purposes only and does not constitute financial advice. Conduct thorough research before making any deposit/investment decisions (DYOR).
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