The SonicX platform token is called SOX. It follows a sound tokenomics principle of medium of exchange for goods and services, transfer of value and proof of ownership. There are two main uses of SonicX tokens -
  • Reward for Supernodes and Masternodes operators.
  • Fee payment system for SonicX Exchange.
There are four categories of token holders on the network

Super Node

Earn tokens from producing and validating blocks.

Super Node Candidates

Earn tokens from votes to become a Supernode.

Master Node

Earn tokens from running masternodes and participating on network voting system.

Common Token Holders

Anyone who owns a SOX token either from airdrop, exchange or donation, etc.

There will be 100,000,000,000 SOX coins total supply. Coins refers to the asset, while tokens refers to the cryptocurrency used in transactions. There will be no mining involved on the SONICX platform but instead will be using a staking protocol that will let special nodes hold coins as part of their commitment to stake their own funds to help validate blocks on the network.

Distribution Structure

Token Details

Token Ticker

SOX

Quantity

100,000,000,000

Launch Price

$0.0025

SOX is considered as a tradeable and fungible asset token. As a coin it is a digital asset that is verified on the SonicX blockchain. SOX tokens cannot be counterfeited since they have all been generated from the platform only. There is no way a bad actor can create their own SOX tokens since the platform is the only verifiable source for this. The SonicX web wallet provides the best way to keep track of the SOX balance. Eventually there will be support for hardware wallet and cold storage options.

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