Sonar
  • Introduction
    • Introduction
  • Features
    • End-to-End Encryption
    • No Metadata Leakage
    • Zero Access by Sonar
    • Dolphin Protocol
    • User-Friendly Interface
    • Decentralized Identity Management
    • Secure Group Messaging
    • Self-Destructing Messages
    • Multi-Layer Authentication
    • Regular Security Audits
  • Tokenomics
    • Supply
    • Utility
    • Vesting Schedules
  • Roadmap
    • Phase 1: Conceptualization and Initial Development
    • Phase 2: Beta Launch and Ecosystem Development
    • Phase 3: Feature Enhancement and Global Expansion
    • Phase 4: Continuous Improvement and Innovation
Powered by GitBook
On this page
  • Utility of SONAR Tokens
  • Distribution Mechanisms
  • Distribution Methods:
  1. Tokenomics

Utility

Utility of SONAR Tokens

SONAR tokens serve multiple purposes within the Sonar ecosystem, ensuring their utility and demand among users, developers, and partners.

Utility Breakdown:

  • Transaction Fees: SONAR tokens are used to pay transaction fees within the Sonar platform, including message encryption and decryption processes.

  • Staking and Governance: Users can stake SONAR tokens to participate in the platform’s governance, voting on proposals, and influencing key decisions.

  • Rewards and Incentives: Active users and contributors earn SONAR tokens as rewards for their participation and engagement within the Sonar ecosystem.

  • Access to Premium Features: Users can use SONAR tokens to access premium features and services, such as advanced encryption options and enhanced privacy settings.

  • Developer Incentives: Developers are rewarded with SONAR tokens for building and maintaining dApps, tools, and services that enhance the Sonar ecosystem.

Distribution Mechanisms

The distribution mechanisms for SONAR tokens are designed to ensure a fair and equitable distribution while fostering a vibrant and active community.

Distribution Methods:

  • Airdrops: Regular airdrops to early adopters, active users, and community members to incentivize participation and engagement.

  • Staking Rewards: Users who stake their SONAR tokens receive rewards, promoting long-term holding and network security.

  • Community Rewards: Incentives for participating in community activities, such as bug bounties, feedback programs, and promotional events.

  • Developer Grants: Funding for developers who build innovative solutions and contribute to the growth of the Sonar platform.

  • Liquidity Mining: Rewards for providing liquidity on DEXs, ensuring sufficient market liquidity and reducing price volatility.

PreviousSupplyNextVesting Schedules

Last updated 11 months ago