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S
Sonic (S), formerly known as Fantom (FTM) is a high-performance smart contract platform designed to deliver speed, scalability, and security for decentralized applications. It uses Lachesis, an advanced consensus algorithm, to overcome the limitations of traditional blockchains like slow transactions and high fees.
This coin is available on Newton.
The Sonic Foundation oversees the development of the network and ensures it remains innovative and competitive. S is the native token of Sonic, serving as the backbone for transactions, staking, and governance.
The platform’s architecture includes the Sonic Opera mainnet, which is EVM-compatible, making it easy for developers to migrate Ethereum-based applications. This compatibility broadens its use across various industries, from decentralized finance to gaming.
By leveraging asynchronous byzantine fault tolerance (aBFT), Sonic allows fast, secure, and energy-efficient transactions without compromising decentralization. Its versatility and robust infrastructure make it a critical player in blockchain innovation.
Sonic operates using the Lachesis consensus algorithm, an aBFT system designed to achieve high performance and security. This algorithm allows the network to process transactions asynchronously, making it faster and more scalable than traditional blockchains.
The Sonic Opera mainnet supports smart contracts and is fully EVM-compatible, enabling seamless deployment of Ethereum-based dApps. Developers benefit from its flexibility, allowing them to create diverse applications without learning new frameworks.
Validators play a crucial role in securing the Sonic network by staking S, which also rewards them for their contribution. Delegators can participate indirectly by staking their tokens through validators, ensuring the network remains decentralized.
S is used within the network for transaction fees, staking, and governance, making it an essential component of the ecosystem. This structure ensures that the network remains sustainable and user-driven over time.
By combining Lachesis and EVM compatibility, Sonic achieves an efficient, scalable, and developer-friendly blockchain platform suitable for a variety of use cases.
The team behind Sonic is vital to maintaining and expanding the Sonic ecosystem through innovation, partnerships, and technology. Here’s how they shape its future:
The total and circulating supply of S tokens directly affects investor sentiment and market performance within the Sonic ecosystem. Here's how supply plays a role:
The Sonic chart offers valuable insights into market trends by reflecting historical price patterns and identifying potential trading opportunities. Here’s how it can be used effectively:
Sonic supports dApps on Sonic by providing a scalable, fast, and cost-effective blockchain platform for decentralized applications (dApps) to thrive. Here’s how Sonic provides these opportunities:
Sonic’s high-speed and scalable infrastructure makes it ideal for decentralized finance (DeFi) applications, where fast transactions and low fees are critical. Its capabilities support complex smart contracts that power lending platforms, decentralized exchanges, and yield farming.
The network’s EVM-compatible nature allows developers to create and migrate dApps across industries like healthcare, gaming, and supply chain. This interoperability makes it an attractive choice for projects requiring cross-platform compatibility.
S is used as the native token for paying transaction fees, staking, and governance, ensuring the ecosystem remains decentralized and efficient. Stakers and delegators earn rewards for their participation, further incentivizing active involvement.
Real-time transaction capabilities enable Sonic to support synthetic assets, liquidity pools, and other advanced DeFi solutions. This versatility positions it as a leading platform for decentralized finance and other blockchain-driven industries.
By offering fast, secure, and affordable solutions, Sonic’s potential applications extend far beyond DeFi, catering to diverse industries and paving the way for blockchain adoption.
Sonic was founded in 2018 by Dr. Ahn Byung Ik, a South Korean computer scientist, with the goal of creating a scalable and efficient smart contract platform. The Sonic Foundation launched the project, raising significant funds through its ICO that same year.
The Sonic Opera mainnet went live in December 2019, introducing its Lachesis consensus algorithm and asynchronous byzantine fault tolerance. These advancements set it apart from traditional blockchains in terms of speed and scalability.
Over the years, the Sonic Foundation has established strategic partnerships across various industries, expanding the network's applications and demonstrating its real-world value. These collaborations have reinforced its reputation as an innovative platform.
Sonic gained significant traction in 2021 within the DeFi space, attracting numerous dApps and developers due to its low fees and EVM compatibility. This increased adoption also drove up the utility and demand for its native token, S.
Today, Sonic continues to evolve under the oversight of the Sonic Foundation, solidifying its position as a leading smart contract platform with a growing ecosystem of applications.
The circulating supply of S tokens is a significant driver of live market trends, impacting liquidity and token valuation. Here’s how it connects to trading opportunities:
Sonic markets are influenced by global investor sentiment, news events, and market trends. Here’s how global market movements affect the live price of Sonic:
Technical analysis is a key tool for identifying market trends, and it can predict when S reaches its highest price or indicates profitable trading opportunities. Here's how technical analysis is applied:
You can store Sonic (S) securely in dedicated wallets or on reliable platforms like Newton. With its growing popularity, keeping your S safe while monitoring its market value is crucial for informed trading.
Sonic supports staking through its Proof-of-Stake (PoS) consensus mechanism, enabling S holders to lock their tokens and earn rewards. By staking Sonic, you actively contribute to the security and decentralization of the network.
Sonic’s adoption is expanding, with merchants increasingly accepting S as a form of payment. Using S to buy goods or services is a convenient and efficient way to utilize this cryptocurrency.
Sending Sonic is fast and secure using any Sonic-compatible wallet. Whether transferring S to friends or making international payments, its blockchain offers low fees and quick transaction speeds.
Many charitable organizations accept Sonic donations, allowing you to support causes you believe in. By donating S, you not only contribute to philanthropy but also promote its broader adoption.
Newton does not currently support swapping Sonic (S) for other cryptocurrencies like Ethereum (ETH) or Bitcoin (BTC). Keep an eye on the platform for any updates on supported assets.
*Newton does not currently support staking, governance, interest-earning, or other utility functions, where applicable, for this asset.
Purchasing Sonic from unverified sources or unregulated channels may seem straightforward but involves considerable risks. Without the protection of a trusted exchange, you risk falling victim to fraud, unreliable sellers, and potential financial losses.
Opt for safety and reliability by trading S on a regulated platform like Newton. With Newton, you benefit from a secure trading environment, real-time tracking of S prices, and access to over 70+ other cryptocurrencies. Make informed decisions and invest with confidence—Newton facilitates a seamless and secure trading experience.
Newton delivers some of the most competitive prices for S tokens, offering good value when you invest in Sonic. Whether you’re a first-time investor or a seasoned trader, Newton provides seamless access to Sonic's high-performance blockchain network.
Newton prioritizes your account security with features like Multi-Factor Authentication, trusted contact options, and a robust Security Checklist. You can track login history, approve devices, and set up an anti-phishing code to safeguard your assets.
Newton makes it affordable to buy and sell Sonic, with a 1.50% - 1.60% fee. For more information about fees, see our Prices page. Newton covers up to $5 of network fees on your first daily withdrawal. For additional withdrawals, or if network fees exceed $5, the estimated network fee is confirmed prior to withdrawal.
Newton’s platform is designed for flexibility, available on both desktop and mobile. This makes managing your S portfolio convenient, whether you’re at home or on the go.
Newton’s intuitive app facilitates a smooth experience for all users, whether you’re new to trading or an experienced investor. Managing your portfolio, checking S live prices, or expanding your holdings is simple and efficient.
Newton is built for Canadian traders, offering a secure and accessible way to trade S and other digital assets. As a platform tailored to the Canadian market, Newton facilitates reliability and ease of use for investors across the country.
Start your Sonic journey by signing up on a trusted crypto platform like Newton. After verifying your account, you’ll be ready to buy Sonic (S) and engage with its high-speed blockchain ecosystem.
Easily fund your account with Canadian dollars (CAD) using options like Interac e-Transfer or wire transfer. Newton makes the process smooth and hassle-free, so you’re all set to grow your portfolio.
With your account loaded, purchasing Sonic tokens (S) is the next step. Sonic’s advanced blockchain technology offers speed, scalability, and a dynamic platform for decentralized applications.
Browse the available cryptocurrencies on Newton and select S tokens to get started with Sonic’s blockchain network.
Determine the amount of S you want to purchase in CAD. Whether you’re starting small or going for a larger investment, Sonic’s ecosystem offers something for everyone.
Confirm your order to complete the transaction. Your S tokens will be credited to your account, ready for trading or exploring the exciting possibilities of Sonic.
A personal wallet gives you full control over your S, putting you in charge of your assets and privacy. It’s a great option for those who like to be hands-on, but remember, the security of your tokens depends entirely on keeping your private keys safe. Losing them could mean losing access to your S, so caution is key!
You can safeguard your S by holding it in your Newton account! Newton takes the hassle out of security with features like multi-factor authentication, login history tracking, and an anti-phishing code to keep your S protected. You can easily manage trusted devices and even set up a trusted contact for extra peace of mind. It’s a reliable and worry-free way to trade and store your S.
Your security is important. Newton is committed to being a leader in compliance, security, and technical protocols.
For additional information and to review the risks associated with Sonic, please see our Asset Statement.
