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Solana Chain Extension Sonic SVM Introduces New Token Burn Program

Solana Chain Extension Sonic SVM Introduces New Token Burn Program



Sonic SVM, the first SVM chain extension on Solana, has announced the introduction of a new SONIC burn program aimed at enhancing the token’s value accrual mechanism. This strategic redesign replaces the previous burning model with a buy-and-lock system, where 50% of all transaction fees will be used to purchase SONIC tokens from the open […]


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