At the time of writing, just 24 hours remain in the Soin Coin presale. It has raised over $1.27 million in seed round funding, representing over 60% of its $2.098 million hard cap.
With a humorous website and light-hearted theme following in the footsteps of the latest meme coins to hit the market, Sonik Coin states simply that its goal is to be the ‘fastest meme coin to hit a $100 million market cap’.
The new cryptocurrency is loosely based on the iconic Sonic the Hedgehog character’s claim to be the ‘fastest thing alive’. While not affiliated with the Sega video game and TV franchise, it may benefit from the recent hype around the upcoming Sonic the Hedgehog 3 movie. It is set to hit the silver screen in 2024.
One serious utility the new meme coin does add to its holders, is high yield staking. Its ‘stake to speed’ pool. Currently the APY, according to the sonikcoin.com website, is just under 60%.
Those staking rewards are already live, with presale buyers having the option to immediately stake their purchased tokens. If they choose to do so and begin to make a return on their investment. Thus far, 41 billion SONIK tokens have been locked in staking.
A large amount of the circulating supply also being staked could make SONIK one of the best cryptos to buy right now. Given the low selling pressure the token will experience at launch.
The total amount of tokens made available during the presale was just under 149,896,229,000. So almost 30% of the supply in circulation when SONIK launches on exchanges. In the staking pool, initially, Uniswap – will be locked.
The total supply of SONIK is 299,792,458,000, with 40% being earmarked for staking rewards and 10% for liquidity.
Alongside the locked liquidity, Sonik Coin also had a single presale price round, available to buy at $0.000014, with no private sale. That sets a level playing ground for all investors.
The presale also had no team token allocation or vesting requirements on holders and has been audited by 0xGuard. Find the SONIK audit report on the official website.
As well as its inclusion on leading crypto news site Cointelegraph, the Sonik Coin presale has made headlines on BeInCrypto, Coingape, CryptoPotato, Cryptonews.com, Finbold, InsideBitcoins and a range of other top media outlets.
Across social media, some of the largest crypto YouTube channels such as Crypto Gains, Crypto Zeus, Michael Wrubel and No Bs Crypto have posted video reviews of the meme coin’s tokenomics, reaching over half a million subscribers.
Those that manage to get into the SONIK presale before it comes to a conclusion in the next 24 hours can do so using a crypto wallet such as a MetaMask wallet, and swapping ETH or USDT for the ERC-20 token using the Web3Payments widget on the website homepage.
Once the presale ends, SONIK will be available to buy through Uniswap decentralized exchanges, or sites that connect to Uniswap such as DEXTools or DEXScreener. Follow the project’s socials across Twitter and Telegram for official links (admins will not DM you first, beware of scams).
The content featured on Coinpedia's press release page is provided for informational purposes only. Coinpedia does not endorse, verify, or take responsibility for the accuracy, completeness, or reliability of any press releases or associated materials. Any views, opinions, or statements expressed in these press releases are those of the respective issuers and do not reflect the opinions or positions of Coinpedia. Coinpedia is not liable for any content, products, services, or actions mentioned in the press releases. Readers should independently verify the information before taking any actions related to the subject matter of the releases.
The Bitcoin price is yet again facing significant upward pressure as the token has plunged…
After months of correction, Bitcoin is attempting to stabilize, but technical analysts say the market…
The altcoin market is approaching a critical technical moment. Excluding Bitcoin and Ethereum, the total…
The Ethereum price keeps falling, despite supply on Binance keeps shrinking. Normally, declining exchange reserves…
Today, the MYX price didn’t just dip; it showed a brutal long squeeze that triggered…
Vitalik Buterin, co-founder of Ethereum, has weighed in on a growing debate within the crypto…
