Sonic SVM launches SONIC token value accumulation mechanism, replacing destruction mode with strategic buy lock system

According to Chainwire, the Solana ecosystem extension chain Sonic SVM has announced a significant upgrade to its token economy model, launching the SONIC token value accumulation mechanism. The new design replaces the previous destruction mode, adopting a strategic buy and lock system aimed at creating long-term value for token holders. Under the new mechanism, 50% of all transaction fees previously destroyed will be used to purchase SONIC tokens from the public market. These purchased tokens will be locked in a dedicated vault and unlocked according to a 24 month linear attribution schedule to create buying pressure and reduce circulating supply. The updated mechanism also adopts a new handling method for SONIC token fees (accounting for 12.5% of the total transaction fees): SOL collected in the form of SONIC fees will be pledged on the Solana mainnet, pledge rewards will be paired with monthly SONIC tokens, these pairings will form a liquidity pool on the Sonic SVM mainnet, and liquidity providers on the Sonic SVM mainnet will receive additional incentives.