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Whereas high meme coin costs are faltering, the brand new child on the block, Sonik Coin, has raised greater than $300k from traders to turn into the quickest crypto ever to succeed in a $100 million market cap.
Though not affiliated with Sonic the Hedgehog, Sonik Coin is impressed by the meme and its iconic standing within the cultural gaming-internet zeitgeist. Its presale has raised $307,659 on the final rely – there at the moment are lower than 14 days to go earlier than the presale ends.
All meme cash search to harness their viral potential, and in that regard, $SONIK has the chops to succeed, as indicated by the engaging web site artwork.
$SONIK Goes Viral as a Stake-to-Earn Meme Coin – 11 Billion Tokens Dedicated to Staking Good Contract
Nevertheless, $SONIK is a meme coin providing token holders the tangible certainty of incomes staking rewards. All token holders have to do to learn from SONIK’s stake-to-earn utility is deposit into the staking good contract.
Many early patrons are placing their funds to work instantly by selecting to ‘purchase and stake’ their newly bought tokens, even earlier than the presale has ended.
In line with the information proven on the sonikcoin.com staking dashboard, 11,434,202,900 tokens have thus far been staked, of a complete token provide of 299,792,458,000.
$ SONIK’s complete token provide determine would possibly seem surprisingly random at first look, however upon nearer inspection, you would possibly keep in mind from highschool that 299,792,458,000 meters per second is the velocity of sunshine.
Fifty p.c of the overall provide is allotted to the presale, 40% to staking, and 10% to trade liquidity.
Doing the mathematics means 7.6% of the overall presale token allocations have already been staked. The challenge seeks to boost $2,098,547 at a token value of $0.000014.
Sonik is Promoting Out Quickly; Don’t Miss the Potential Yield and Value Development!
The present increase complete of $307k represents 14% of the difficult cap aim, which implies that greater than half of the patrons at this stage are staking their tokens, demonstrating the attractiveness of the yield potential of the challenge.
On the present price, the presale might be offered out by subsequent week, so potential patrons have to be ‘a lot speedy’ of their decision-making, as Sonik jargon would have it.
Stakers’ tokens are locked into the good contract for not less than seven days after staking. Staked tokens earn yield for so long as they’re staked.
There isn’t a have to set the interval you want to make investments upfront. As an alternative, withdraw from the pool after the seven-day minimal lock interval.
$SONIK staking rewards are distributed at a price of 9125 $SONIK per Ethereum block over 4 years. How a lot is earned will depend on the proportion of the staking pool owned and the way lengthy tokens are staked for.
Together with the passive revenue earnings from staking, traders will even profit from capital appreciation when the coin value rises, which, in flip, magnifies the worth of the staking rewards.
Should full checklist pic.twitter.com/rWC3mcChwQ
— SONIK COIN (@Sonikcoin) August 17, 2023
“He’s obtained the tempo” – SONIK could be the following $PEPE in line
The potential upside for the Sonik Coin is extra important due to its low market capitalization of $2,098,547. A transfer from $2m to 100m would require a acquire of 4,665% which is properly throughout the bounds of chance for a meme coin like $SONIK.
By comparability, from its all-time low to its present value of $0.000001084, meme coin sensation PEPE has returned 3,825% – a rise of 38x.
Making a $1,000 funding in $SONIK may repay handsomely, maybe returning as a lot as $50,000 and even $100,000 if Sonik pumps 50x or 100x for its presale patrons.
You wanna see actual velocity? pic.twitter.com/TDn7DT8J5X
— SONIK COIN (@Sonikcoin) August 21, 2023
The extremely meme-friendly characters proven on the web site present a really feel for the limitless enjoyable artists could have with Sonik and associates.
Though it’s arduous to determine how excessive Sonik Coin may go, its staking characteristic implies that the promoting stress shall be muted when it does launch on exchanges comparable to Uniswap.
Staking mitigates the impact of a coin being dumped at launch by short-term patrons to the detriment of these dedicated to the challenge’s long-term potential.
A number of cash have launched not too long ago with an analogous staking mannequin to $SONIK, and all are persevering with to earn cash for his or her traders. BTC20 and XRP20 are two such cash, buying and selling within the inexperienced since launch and incomes yield for his or her stakers.
Crypto Analysts on YouTube Foresee $SONIK Surging Anyplace from 10x to 100x
YouTube crypto evaluation channel Crypto Features, with 107k subscribers, thinks Sonik Coin might be the subsequent PEPE and 20x after launch.
IN A RECENT VIDEO, Crypto ZEUS informed his 66k subscribers that he additionally sees PEPE-like potential for SONIK.
In the meantime, French-speaking YouTuber Crypto Tony reckons Sonik Coin might be a 100x alternative for traders.
And presale analyst specialist Jacob Crypto Bury is predicting a 10x value pump for $SONIK.
The advertising and marketing attain goes past monetary influencers on YouTube. The coin has been talked about on numerous high crypto websites, together with Cointelegraph, CryptoPotato, CoinGape, and Finbold.
Keep up-to-date with Sonik information and be the primary to know when it lists by following the X (previously Twitter) account and becoming a member of the Telegram group.
🦔💨 Prepared, set, #SONIK!
gotta purchase now – https://t.co/s1fTdXDQCK#MemeCoin #CryptoMemes #Presale pic.twitter.com/iyPnaujjti
— SONIK COIN (@Sonikcoin) August 20, 2023
Sonik Coin Goals at Asian Crypto Market, Capitalizing on Sonik’s Immense Reputation
$ SONIK’s viral potential is boundless, and it’s straightforward to see the way it might be the supply of limitless enjoyable for the meme creators the challenge employs.
However the challenge can also be advertising and marketing the coin to a Japanese and broader Asian viewers, the place the meme’s recognition is unmatched.
With that technique in thoughts, the Sonik Coin web site has been translated into Japanese, Chinese language (Simplified and Conventional), Korean, Thai, Vietnamese, and different main languages.
$SONIK Good Contract Verified: Audited and Safeguarded
Additionally, as earlier promised by the challenge group, the good contract has been audited, and the report printed, which yow will discover on the web site.
Safety of your crypto funding have to be a high precedence, so it’s excellent news that this challenge protects your funds critically.
No doubtful backdoors within the code can limit buying and selling by blacklisting addresses or enabling the minting of extra tokens later to dilute the worth of present holdings.
Audits additionally converse to the professionalism of the group. In stark distinction to many meme cash being launched that by no means submit their code to audits. Pretty much as good as websites comparable to DEXTools are at offering entry to third-party automated audits, it’s not the identical as a safety firm’s coders going via every line of code.
Steps to Buy $SONIK Token
Sonik is a good presale. Fifty p.c of the overall token provide is allotted on the market to the general public, and there’s no group allocation.
To purchase on the presale value of $0.000014, join your pockets on the Sonik web site to make your buy – however you ‘gotta go sooner’ to make sure you don’t miss the boat.
Patrons will want ETH or USDT to buy the tokens. After the presale ends, Sonik Coin will checklist on the Uniswap decentralized trade.
To search out out extra concerning the challenge, learn the Sonik Coin whitepaper.
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