Exciting new token Sonik Coin has emerged as one of the hottest commodities in the meme coin market, having already raised over $1.25 Million in its ICO in just three weeks.
$SONIK is generating tremendous FOMO amongst meme coin enthusiasts as its presale phase is set to end in just 24 hours on Tuesday, September 5th.
Thus, investors are rushing to purchase the token cheaply at $0.000014 before its heavily-anticipated launch on the leading decentralized exchange, Uniswap. The token could go live as early as next week, with experts predicting an explosive price action right from the start.
After all, $SONIK has already captured the imagination of a large number of meme coin lovers, thanks to its Stake-to-earn feature and the growing popularity of Sonic The Hedgehog-based tokens.
What is Sonik Coin?
Doge and Pepe The Frog-based meme coins have become old news, and Sonic The Hedgehog-based coins have become the new trend.
The new Sonik Coin is also set to take advantage of this growing trend, with its stake-to-earn utility and robust tokenomics giving it a competitive edge.
Just as the renowned blue hedgehog is known for his supersonic speed, $SONIK seeks to be the quickest meme token to hit the $100 million market capitalization.
While the token is not affiliated with SEGA’s renowned video game franchise, it would certainly receive a strong boost from its global popularity.
Sonik Coin’s stake-to-earn utility
$SONIK is not just another run-of-the-mill meme token with no utility. Its on-chain stake-to-earn feature, which is hilariously called Stake-2-Speed, offers an excellent opportunity for retail investors to generate attractive passive income.
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According to the project’s staking dashboard, over 41 billion $SONIK tokens have already been added to the pool with a current reward of 9125 tokens per stimulated block. Thus, token holders are currently earning a whopping APY of 58%, much higher than industry standards.
The lucrative staking rewards encourage investors to hold their tokens for longer periods of time, protecting $SONIK from the pump-and-dump that is all too common in the meme coin space. After all, Sonik Coin has a four-year unlocking period, which promotes price stability and network security.
Presale buyers can immediately lock their tokens after the purchase – however, there is a minimum unlocking period of 7 days.
Tokenomics
Sonik Coin has adopted community-centric tokenomics to boost its user adoption further. It has a total token supply of 299,792,458,000 – a quirky feature that denotes Sonic The Hedgehog’s ability to travel at the speed of light.
Sonik is also a low-cap gem – despite 50% of the token being available, the Sonik presale has a hard cap of $2,098,547, which puts its fully diluted valuation at just over $4.1 million.
This affords it a tremendous potential for explosive price growth after launch. For example, in order to hit its $100 million market cap target, the token would need to display a 24x bull rally.
Another 40% of the token supply has been allocated to SONIK’s mass staking mechanism, while the remaining 10% of tokens will provide liquidity on decentralized exchanges to offer a smooth trading experience.
The Sonik smart contract was also recently audited by the 0xGuard security company, which revealed no safety concerns. This goes a long way to establish the project’s legitimacy in a meme coin space that is full of rug pulls and scams.
Sonik Coin – The next 10x meme token?
Experts have been quick to recognize $SONIK’s potential, with popular crypto trader Michael Wrubel, who has more than 300K subscribers on YouTube, calling it his “next $1,000,000 meme crypto”.
Another noted trader, Crypto Boy, who has over 20K subscribers on YouTube, also recognizes its insane potential and believes that it can display a 10x bull rally after launch.
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After all, Sonic The Hedgehog is one of the most popular franchises of all time, captivating generations of audiences with its video games, movies, and cartoons. Crypto projects paying homage to much less popular fictional characters have seen tremendous growth in recent months.
Similar tokens like the HarryPotterObamaSonic10Inu have even displayed remarkable 8000% rallies and accumulated close to $200 million in market capitalization.
To take maximum advantage of such explosive price action, investors can head to the Sonik Coin presale before it ends in just 24 hours. They can purchase the token by swapping ETH or USDT in exchange for it.
