Sonic Labs Community Vote Passes "US Market Expansion and TradFi Adoption Plan" Proposal

BlockBeats News, August 31st, the Sonic Labs community voted in favor of the "U.S. Market Expansion and TradFi Adoption Plan" proposal. The proposal aims to launch Sonic USA LLC to kickstart U.S. operations, hire a Sonic USA CEO and a full U.S. team, establish a New York office, and provide a performance-based employee incentive plan. At the same time, the company plans to strengthen long-term deflation through a Gas fee mechanism.

It will also adjust network parameters: approve the issuance of tokens for a $50 million ETF quota; $100 million Nasdaq PIPE development; 1.5 billion S tokens for Sonic USA, or reject all of the above parameter adjustments.