Meme coin season is still underway with Shiba V Pepe (SHEPE) exploding hundreds of percent this weekend, and Pepe of Wallstreet (POW) making a run today to hit the top daily gainers spot on DEXTools.
Sonik Coin (SONIK) is aiming to take a slice of the meme token market share after its debut on Uniswap this week, following the conclusion of its presale tomorrow, September 5th.
About Sonik Coin
At press time close to $1.5 million in seed round funding has been raised for the meme crypto project, out of a just under $2.1 million hard cap, which combines video game icon Sonic’s aesthetics with staking rewards.
Instead of collecting rings for super fuel and transformations however, Sonik is a crypto degen, collecting $SONIK tokens.
At a glance, this fast growing crypto project’s tokenomics are:
- SONIK price – $0.000014
- Token supply – 299,792,458,000
- Token allocation – 50% presale, 40% staking, 10% liquidity
- Blockchain – Ethereum
Stake-2-SPEED
To boost $SONIK towards one of its main objectives – to be the quickest 0 – $100M market cap meme token, the project provides rewards to stakers. This allows the Sonik Coin community to earn more SONIK by locking up their holdings for periods of seven days or more.
During the Sonik Coin presale, investors have the choice to buy and stake simultaneously if they wish, transferring their tokens into the staking contract even before the presale ends. So far, around 15% of the entire token supply has been staked, which could reduce sell pressure post-launch.
Tokens staked during the presale can be withdrawn from the staking contract 7 days after the token claim has been launched.
The latest staking APY percentage can be found on the sonikcoin.com website – currently over 50%.
Fastest Growing Cryptocurrency?
$SONIK will launch with a fully diluted valuation mid-way between that of $POW and $SHEPE, and if it does benefit from a large part of its circulating supply being locked in the staking contract, could have significant upside potential.
In recent weeks HarryPotterObamaSonic10Inu reached a $200 million market cap at its peak, and more recently Sonic (HOTDOG) has also seen fast gains for holders.
Whether the similar themed $SONIK can replicate that kind of price performance is yet to be seen but the meme crypto project has thus far received positive coverage on leading outlets Cointelegraph and CoinMarketCap, as well as outside the crypto space in Washington City Paper.
A number of crypto analysts have also reviewed the fast growing crypto project’s potential on social media – see our earlier coverage of the SONIK presale here where we listed influencers with a wide following mentioning the token.
$SONIK Links
Find the early roadmap and whitepaper on the official website, alongside its community-building socials spanning Twitter and Telegram.