There is little time left until the closure of the digital playground “Sonic Arcade,” with the airdrop of the new token $S expected in December 2024.
The company Sonic Labs (formerly Fantom) has allocated a fund of 200 million dollars to reward its community.
Let’s see below how to secure a share of the airdrop reward.
Sonic Arcade: an airdrop program worth 200 million dollars
The imperative of this weekend is to absolutely participate in Sonic’s GameFi campaign and try to earn a share of the $S crypto airdrop.
Before discussing the airdrop in question, we need to provide an introduction to the major event of migration/rebranding that is anticipated for Sonic.
In December, the famous Fantom Opera network will officially pass the baton to the new super scalable layer-1 Sonic, with a capacity of 10,000 transactions per second.
The blockchain project born from the genius Andre Cronje evolves towards a new infrastructure capable of facing the new challenges of the cryptographic sector.
Sonic will have an almost instantaneous purpose, a synchronization of nodes 10 times faster and a strong reduction in execution costs for RPC and block validation.
The network aims to compete with the numerous array of Ethereum layer-2 chains, and with the new cutting-edge infrastructures like Solana and Monad.
In honor of the migration, Sonic Labs has launched an interesting airdrop campaign.
The company has decided to allocate an amount equal to 200,000,000 $S tokens (6% of the supply) to support the delicate transition, offering an incentive to users and developers.
Considering that the new $S tokens will have a 1:1 ratio with the previous FTM tokens, the value of the fund exceeds 200 million dollars.
It is an astonishing figure if we consider that a large part of it will be distributed for free to all the players of the gaming initiative “Sonic Arcade”.
In practice, those who will interact with some free-to-play games developed by Sonic will receive points that will be converted into airdrop in a few days.
We also remind you that Sonic has launched a support program for developers and onboarding bootstrap.
In this initial phase, 90% of the network fees collected by the chain will go to all the code operators who are contributing to the expansion of the ecosystem.
Furthermore, a native bridge to/from Ethereum has also been approved, along with a plan to enhance community events.
How to play for free on Sonic Arcade and earn crypto rewards
At this point, let’s see how to take advantage of the last remaining days to play Sonic Arcade and accumulate as many airdrop points as possible.
The first thing to do is go to the official website, connect the wallet and enter a mandatory welcome code (you can use this: 3tze3r)
The second step is to request the $TOKEN trial resource for free by clicking on the faucet “Get some $TOKEN” and verifying the Twitter account.
Once you have completed these simple tasks, you will be ready to play the various free-to-play games available within Sonic Arcade.
What are $TOKEN used for? Each game costs 1 coin and the faucet will offer you 210 coins for free every week.
These assets have no monetary value and are used solely and exclusively to participate in Sonic Arcade.
Currently, there are 5 games available to interact with: Coin Flip, Rps, Plinko, Mines, and Wheel.
Every game is based on luck, thanks to a provably fair random function (VRF) that ensures everyone has the right chances to win or lose.
There are therefore no skills to learn nor particular strategies to implement: the more you play, the luckier you are, the more points you earn that are equivalent to airdrops.
Each point is represented as 1x, for example, 5x is equivalent to 5 points. The goal is to accumulate as many points as possible before the initiative ends.
Sonic offers its users an airdrop dashboard from which they can keep track of all the points won on Arcade.
From there it is also possible to generate a referral link to invite friends and earn 10% of the points they earn.
Snapshot and distribution of the airdrop
Let’s now move on to the distribution of the Sonic airdrop and the details of the launch of $S.
The tokens will be distributed linearly to all participants with a 25% share immediately available at the TGE, and the remaining part in vesting for 6 months.
L’airdrop will end completely in June 2025, and users will have to wait until this date to be able to fully redeem the prize.
In any case, the Sonic team has devised a method to allow its users to sell the airdrop in advance.
On day 0, users will receive 25%, while 75% will be enclosed in the form of a financial NFT . The value of the NFT is unlocked over 270 days (9 months) with a linear decay. This means that it will be possible to obtain the funds at any time at a higher ratio, but by burning the remaining part.
Here are some examples of how the ratio of token $S requested and token $S burned varies based on the maturation of the vesting:
- Day 1: 0.37% requested and 99.63% burned
- Day 2: 0.74% requested and 99.26% burned
- Day 135: 50% requested and 50% burned
- Day 270: 100% requested and 0% burned
To give an idea, on day 135 (being a linear distribution) you can request half of the airdrop by permanently burning the other half. Be careful, it can only be unlocked once.
The financial NFT was developed by the PaintSwap team using the ERC-1155 order book system. This approach allows for the optimization of gas costs, favoring the operations of market maker and traders with high orders.
This will ensure deep liquidity for both buyers and sellers.
Expectations and final opinions on the airdrop
Certainly the Sonic Arcade campaign represents an excellent opportunity for those who wish to earn cryptocurrencies but do not have starting capital.
The initiative is completely free and allows anyone to try to win a share of the montepremi, set at 200 million dollars.
They are certainly not crumbs, but they must still be related to the high user traffic that Sonic Arcade has attracted.
Absolutely to be considered is the vesting constraint, which requires us to wait 6 months to redeem the full reward.
Indeed, at the launch, 50 million dollars will be distributed, which will be divided among hundreds of thousands of users who have been playing incessantly for several days now.
The expectations can only be low in economic terms, but also abundantly high on the bull/bear risk/reward front.
Playing is free and Sonic could reward you at best with a few hundred dollars.
As noted by “CryptoTeleguo” on X, if 1 million users participated in Sonic Arcade (all with the same points), each user would receive 150 dollars of airdrop.
In any case, the final prize depends on many factors, and it will still be necessary to observe what percentage of the airdrop the Arcade users will be rewarded.