Now, investors are poised with just 20 hours remaining to buy $SONIK at its presale price or face buying it on the open market after its initial exchange offering (IEO).
The project will be listed on Uniswap, with rumors circulating it could go live as early as next week.
One of the main reasons for Sonik Coin’s successful presale is its unique Stake-to-Earn mechanism offering holders passive rewards with a generous annual percentage yield (APY) on their $SONIK tokens.
Sonik Coin is a newly launched meme coin inspired by the Sonic the Hedgehog franchise. The project has no official affiliation to the franchise but simply pays homage to it, establishing a nostalgic allure.
According to its website, Sonik Coin aims to be the fastest meme coin to reach a $100 million market cap. Considering the giants that stand before it, like Pepe and Shiba Inu, this is no easy task.
Sonik Coin’s premier feature is its Stake-to-Earn mechanism, offering holders passive rewards by simply staking tokens in the project’s smart contract. When writing this, the project offers an impressive 56% APY on staked tokens.
As the amount of $SONIK tokens staked increases, the APY will drop. However, the project has a four-year vesting schedule to ensure its long-term health. Also, more tokens in the staking pool will add to the token’s scarcity, potentially benefitting its price.
As well as catching the eye of meme coin investors, Sonik Coin has been touted by many prominent industry analysts.
The final piece to the Sonik Coin project is its long-term, community-centric tokenomics. It has a total supply of 299,792,458,000 (incidentally the speed of light), with 50% of tokens available in the presale, 40% allocated to staking, and 10% for liquidity to enable seamless trading.
Sonik Coin’s entire presale has taken place at a single price of $0.000014, providing all investors an equal opportunity to buy $SONIK and encouraging community solidarity.
With just 21 hours until the presale ends, potential investors must be quick to secure their $SONIK tokens. Alternatively, you can buy them on the open market after its Uniswap exchange launch, but at a potentially higher price.
