Sonic Labs has announced an important event for Sonic Shards NFT holders. On December 1, a snapshot will be taken of wallets containing all six NFTs in this collection. According to the release, this will allow users to mint a unique NFT and participate in an upcoming token airdrop.
Once the mainnet is launched, all wallets that meet the requirements will be whitelisted for minting the exclusive NFTs.
200 Million S Tokens for Participants
By obtaining the unique NFT, users will gain access to a substantial reward tied to the mainnet launch. Sonic Labs announced plans to distribute 200 million S tokens, with 190.5 million going to holders of all six Sonic Shards.
The project’s official website provides tokenomics details, revealing that a total of 3.175 billion coins will be minted. Fantom (FTM) holders will also be able to convert their tokens to S (Sonic) at a 1:1 ratio. The role of the S token within the Sonic Labs ecosystem includes:
- Transaction fees;
- Staking (starting at $1);
- Validator launching (minimum of $50,000);
- Governance.
Previously, Sonic Shards were available through a series of weekly challenges that participants completed to assemble the collection. Those who missed some challenges can purchase the missing NFTs on secondary markets. The key is to complete the collection by the snapshot date on December 1.