📌 The @SonicLabs community has just reached a consensus (99.98%) to approve a proposal worth $150M in $S tokens with plans to open an ETF in the US ($50M), invest in #PIPE Nasdaq ($100M), and establish Sonic USA.
📌 The ETF will be managed by an asset provider with >$10B in assets, and the custody service will be entrusted to BitGo. This is a step that helps Sonic gain a legitimate position in the US financial system.
📌 Sonic has decided to significantly increase the transaction fee burn rate -> reducing the token supply to create natural price appreciation.
📌 The approved ETF and PIPE will bring in new liquidity, and the burn mechanism will serve as a double leverage for the project to exit liquid this season.
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