Overview
- Sonic introduced a fee-and-burn design that pays tiered rewards to builders based on transactions and to validators with fixed payouts, burning the remainder to support S token scarcity.
- Sonic confirmed a U.S. push with a planned New York office and is hiring across business development, marketing and sales to deepen institutional and policy engagement.
- Leaders framed the shift as a move from hype to disciplined execution, citing a strong treasury that allows measured growth without cash-flow pressure.
- Sonic says upcoming proposals will prioritize functionality, interoperability and business-focused upgrades, with traditional finance integration under exploration, including ETF-related discussions.
- Coverage lists conflicting CEO names, with one outlet citing Mitchell Demeter and another naming Michael Demeter, and the discrepancy remains unresolved in initial reports.