Sonic Labs has announced a strategic expansion, including a new tiered fee monetization structure and plans to open an office in New York City. CEO Mitchell Demeter revealed these developments on the X platform, emphasizing that Sonic is well-funded and focused on practical use and economic benefits. The new fee structure, with reward tiers from 15% to 90%, aims to incentivize network activity and promote deflation by allocating 10% to validators and burning the rest.
In addition to the fee structure, Sonic is refining its token economics and adopting select Ethereum Improvement Proposals (EIPs) alongside launching Sonic Improvement Proposals (SIPs). The New York office will support Sonic's efforts to strengthen institutional partnerships and policy relationships, marking a significant step in its business value upgrade strategy.
Sonic Labs Unveils Tiered Fee Structure and New York Expansion
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