Sonic has recently announced the issuance of a total of 190.5 million S tokens, with a reward mechanism divided into two parts: 25% of the rewards can be withdrawn immediately, while the remaining 75% will be gradually released in the form of tradable NFTs. Amidst a market narrative vacuum, with meme coins losing steam and Solana chain activity plummeting, most altcoins have seen declines of over 80% in just three months. However, one blockchain has seen its TVL grow by over 130% in a single month, ranking first among all blockchains: that is Sonic.

What Has Sonic Been Up to Recently? What Key Projects Are Worth Paying Attention To? Let WOO X Research Take You Through!

What Is Sonic? What's the Latest Airdrop Activity?

Sonic's predecessor is Fantom, a Layer 1 blockchain launched in 2019, focusing on DeFi and dApps, which gained significant popularity between 2021 and 2022, with a peak TVL of around $8 billion. In 2022, AC announced a temporary exit from the DeFi industry, causing a drop in market confidence in Fantom. In July 2023, a vulnerability in the cross-chain bridge Multichain, with which Fantom had partnered, led to a significant de-pegging of stablecoins issued by the bridge contract on Fantom (such as USDC-MULTI, fUSDT-MULTI, etc.), affecting the stability and trustworthiness of the entire ecosystem. Against this backdrop, Fantom proposed an upgrade to Sonic.

Sonic has announced the issuance of a total of 190.5 million S tokens, with a reward mechanism divided into two parts: 25% of the rewards can be withdrawn immediately, while the remaining 75% will be gradually released in the form of tradable NFTs. Users can qualify through two pathways:

• Points (for network participants)

• Gems (for developers). The return potential of these pathways may far exceed that of typical speculative airdrops.

Sonic Points are user-oriented airdrop points, divided into passive points and active points. Holding whitelisted assets in a Web3 wallet earns passive points, while deploying whitelisted assets in applications earns active points; WETH, SolvBTC, and SolvBTC.BBN only earn active points. The returns from active points are double that of passive points.

Sonic's Hot Projects

Sheep Coin (@SheepCoin69)

Sonic Wolf and Sheep Game is a strategic game ecosystem that combines blockchain asset management, NFT mechanisms, and DeFi protocols. Players can build their advantages and earn rewards by purchasing, minting, protecting, and attacking assets.

1. Buying Sheep Coin: Players can purchase Sheep Coin using $S at a 1:1 ratio. In this process, 95% of the Sonic Token will be provided to Sheep Coin for liquidity. After launch, Sheep Coin can be freely traded.

2. Minting Wolf NFTs: Players can mint Wolf NFTs using Sheep Coin and $S. The cost of each minting increases with the number of times (the first one requires 1 Sheep, the second one requires 2 Sheep, and so on), and all Sheep Coins used for minting will be permanently destroyed. This means that each minting reduces the total supply.

3. Wolf NFT Mechanism: Wolf NFTs are aggressive assets in the game, with the following behavior patterns:

   • Each Wolf needs to eat Sheep every day, with the consumption increasing with the number of days (1 Sheep on the first day, 2 Sheep on the second day, and so on).

   • If a Wolf does not eat Sheep for 7 consecutive days, it will become unusable (presumably unable to generate profits or participate in the game).

   • Wolves can eat in two ways:

     • Liquidity Pool: If eating from the liquidity pool, 100% of the Sheep will be destroyed. Each Wolf can eat from the liquidity pool a maximum of 3 times.

     • Wallet (one's own or others'): If eating from a wallet, 25% of the Sheep will go to the Wolf owner, with the remaining 75% destroyed.

4. Sheep Dog Protection Mechanism: Players can deposit their Sheep into the Sheep Dog for protection. To withdraw, players must activate "sleep mode," wait for 2 days, and pay a fee.

5. Sheep Dog Reward Mechanism: Sheep deposited in the Sheep Dog can earn S rewards through an annual percentage rate (APR). Additionally, the fees paid by players when withdrawing assets will also be part of the rewards.

Interpretation of the Game

Core Concept: Through the "wolves eating sheep" mechanism, the continuous deflation of sheep potentially drives up the coin price.

Despite the gradual decrease in the number of sheep, the Sonic Token allocated in the liquidity pool will not decrease, meaning that the value of holding sheep has the potential to steadily rise. However, players still need to bear the risk of being attacked by wolves.

About Wolves: High Costs, High Risks, but Also Potential High Returns

The cost of minting wolves increases with the order of minting, and the profitability largely depends on whether they can eat other players' sheep. If a wolf cannot eat for a long time or is starved to death, it may lead to investment failure.

If there are a large number of wolves in the market at the same time, the competition for sheep will be more intense; but if the number of wolves is limited, the speed of sheep being destroyed may not necessarily support the wolf's quick return on investment.

Sheep Dogs: Maintained by Daily Rent, in Exchange for Safety and Extra Profits

A fixed 10 S is required as rent every day, with 95% of it being returned to everyone as APY. If the number of sheep in hand is too small, it will be difficult to cover the rent; but if there are enough sheep, guarding the sheep and letting them appreciate over time will be more attractive.

Game Theory Issue One: Is It Worth Casting Wolves?

The cost of casting wolves is competitive among players. Although casting early can gain an advantage, it is also necessary to consider the intensity of competition and the high cost.

The feeding strategy of wolves is crucial: quickly eating in the short term can accelerate return on investment, but it will also rapidly increase the wolf's demand for sheep. If the feeding pace is slow, it can extend the wolf's survival and activity space, but the return on investment will take longer.

Since sheep will gradually appreciate due to deflation, the returns from eating a sheep later may not necessarily be worse than those in the early stage, so "when to eat" is a significant strategic consideration.

Game Theory Issue Two: Should You Rent a Sheep Dog?

Regardless of how many sheep a player has, the same rent must be paid. To cover this rent with APY, a relatively large number of sheep are needed to offset the cost.

The actual function of the Sheep Dog is to protect sheep from being eaten by wolves while enjoying the advantage of the rising value of sheep coins.

Possible Scenarios and Corresponding Strategies

Since the cost and uncertainty of wolves are both high, perhaps not many players will rush to cast wolves; when wolves are relatively rare, the speed of sheep being destroyed will slow down, and the profit cycle of wolves may be delayed.

If everyone chooses not to use Sheep Dogs, they may scatter their sheep across multiple wallets to reduce the risk of being targeted for attack.

There is no fixed "best solution" in the game because the market and player actions are constantly changing; to ultimately profit, it is necessary to continuously monitor the ecological dynamics and flexibly adjust strategies.

Petroleum Finance (@Petroleum_Defi)

Petroleum City is a blockchain game themed around oil extraction. Players build, upgrade, and manage pumps to refine crude oil (cOIL) and convert it into tradable $OIL to earn profits. The core mechanisms of the game are as follows:

1. Buy a Plot: Each player can purchase and customize their own plot to establish an oil empire. Plots can be enhanced in capacity by adding pumps and decorations.

2. Buy Some Pumps: Pumps are the core production tools in the game, each continuously and automatically producing cOIL (crude oil). Pumps can be upgraded to increase output, but they will gradually decay over time and require repairs with cOIL to continue production.

3. Add Decorations: Players can decorate their plots to enhance their appearance and personal style. Suggestions for new decorations can be made through the app or Discord.

4. Refine Your $cOIL: The produced cOIL must be refined through a "refinery" to become tradable $OIL. The lock-up periods and tax rates for refining are as follows:

   • 0 - 1 day: Withdrawal not allowed.

   • 1 - 2 days: Withdrawal incurs a 10% tax.

   • 2 - 3 days: Withdrawal incurs a 5% tax.

   • Over 3 days: Tax-free withdrawal.

   The longer the refining period, the higher the returns.

Strategies and Suggestions

• Ensure Continuous Production: Keep enough cOIL for pump repairs to avoid interruptions in oil production.

• Optimize Refining Strategy: Wait until after 3 days to withdraw $OIL to avoid high tax rates.

• Balance Upgrades and Decorations: Enhance both pump capacity and decorative effects to increase overall output.

Petroleum City centers around the core loop of "producing cOIL → repairing pumps → refining into $OIL → reinvesting in upgrades." Players need to plan production, refining, and upgrading strategies wisely to steadily earn profits and grow their assets.

Sonic has recently announced the issuance of a total of 190.5 million S tokens, with a reward mechanism divided into two parts: 25% of the rewards can be withdrawn immediately, while the remaining 75% will be gradually released in the form of tradable NFTs. Amidst a market narrative vacuum, with meme coins losing steam and Solana chain activity plummeting, most altcoins have seen declines of over 80% in just three months. However, one blockchain has seen its TVL grow by over 130% in a single month, ranking first among all blockchains: that is Sonic.

What Has Sonic Been Up to Recently? What Key Projects Are Worth Paying Attention To? Let WOO X Research Take You Through!

What Is Sonic? What's the Latest Airdrop Activity?

Sonic's predecessor is Fantom, a Layer 1 blockchain launched in 2019, focusing on DeFi and dApps, which gained significant popularity between 2021 and 2022, with a peak TVL of around $8 billion. In 2022, AC announced a temporary exit from the DeFi industry, causing a drop in market confidence in Fantom. In July 2023, a vulnerability in the cross-chain bridge Multichain, with which Fantom had partnered, led to a significant de-pegging of stablecoins issued by the bridge contract on Fantom (such as USDC-MULTI, fUSDT-MULTI, etc.), affecting the stability and trustworthiness of the entire ecosystem. Against this backdrop, Fantom proposed an upgrade to Sonic.

Sonic has announced the issuance of a total of 190.5 million S tokens, with a reward mechanism divided into two parts: 25% of the rewards can be withdrawn immediately, while the remaining 75% will be gradually released in the form of tradable NFTs. Users can qualify through two pathways:

• Points (for network participants)

• Gems (for developers). The return potential of these pathways may far exceed that of typical speculative airdrops.

Sonic Points are user-oriented airdrop points, divided into passive points and active points. Holding whitelisted assets in a Web3 wallet earns passive points, while deploying whitelisted assets in applications earns active points; WETH, SolvBTC, and SolvBTC.BBN only earn active points. The returns from active points are double that of passive points.

Sonic's Hot Projects

Sheep Coin (@SheepCoin69)

Sonic Wolf and Sheep Game is a strategic game ecosystem that combines blockchain asset management, NFT mechanisms, and DeFi protocols. Players can build their advantages and earn rewards by purchasing, minting, protecting, and attacking assets.

1. Buying Sheep Coin: Players can purchase Sheep Coin using $S at a 1:1 ratio. In this process, 95% of the Sonic Token will be provided to Sheep Coin for liquidity. After launch, Sheep Coin can be freely traded.

2. Minting Wolf NFTs: Players can mint Wolf NFTs using Sheep Coin and $S. The cost of each minting increases with the number of times (the first one requires 1 Sheep, the second one requires 2 Sheep, and so on), and all Sheep Coins used for minting will be permanently destroyed. This means that each minting reduces the total supply.

3. Wolf NFT Mechanism: Wolf NFTs are aggressive assets in the game, with the following behavior patterns:

   • Each Wolf needs to eat Sheep every day, with the consumption increasing with the number of days (1 Sheep on the first day, 2 Sheep on the second day, and so on).

   • If a Wolf does not eat Sheep for 7 consecutive days, it will become unusable (presumably unable to generate profits or participate in the game).

   • Wolves can eat in two ways:

     • Liquidity Pool: If eating from the liquidity pool, 100% of the Sheep will be destroyed. Each Wolf can eat from the liquidity pool a maximum of 3 times.

     • Wallet (one's own or others'): If eating from a wallet, 25% of the Sheep will go to the Wolf owner, with the remaining 75% destroyed.

4. Sheep Dog Protection Mechanism: Players can deposit their Sheep into the Sheep Dog for protection. To withdraw, players must activate "sleep mode," wait for 2 days, and pay a fee.

5. Sheep Dog Reward Mechanism: Sheep deposited in the Sheep Dog can earn S rewards through an annual percentage rate (APR). Additionally, the fees paid by players when withdrawing assets will also be part of the rewards.

Interpretation of the Game

Core Concept: Through the "wolves eating sheep" mechanism, the continuous deflation of sheep potentially drives up the coin price.

Despite the gradual decrease in the number of sheep, the Sonic Token allocated in the liquidity pool will not decrease, meaning that the value of holding sheep has the potential to steadily rise. However, players still need to bear the risk of being attacked by wolves.

About Wolves: High Costs, High Risks, but Also Potential High Returns

The cost of minting wolves increases with the order of minting, and the profitability largely depends on whether they can eat other players' sheep. If a wolf cannot eat for a long time or is starved to death, it may lead to investment failure.

If there are a large number of wolves in the market at the same time, the competition for sheep will be more intense; but if the number of wolves is limited, the speed of sheep being destroyed may not necessarily support the wolf's quick return on investment.

Sheep Dogs: Maintained by Daily Rent, in Exchange for Safety and Extra Profits

A fixed 10 S is required as rent every day, with 95% of it being returned to everyone as APY. If the number of sheep in hand is too small, it will be difficult to cover the rent; but if there are enough sheep, guarding the sheep and letting them appreciate over time will be more attractive.

Game Theory Issue One: Is It Worth Casting Wolves?

The cost of casting wolves is competitive among players. Although casting early can gain an advantage, it is also necessary to consider the intensity of competition and the high cost.

The feeding strategy of wolves is crucial: quickly eating in the short term can accelerate return on investment, but it will also rapidly increase the wolf's demand for sheep. If the feeding pace is slow, it can extend the wolf's survival and activity space, but the return on investment will take longer.

Since sheep will gradually appreciate due to deflation, the returns from eating a sheep later may not necessarily be worse than those in the early stage, so "when to eat" is a significant strategic consideration.

Game Theory Issue Two: Should You Rent a Sheep Dog?

Regardless of how many sheep a player has, the same rent must be paid. To cover this rent with APY, a relatively large number of sheep are needed to offset the cost.

The actual function of the Sheep Dog is to protect sheep from being eaten by wolves while enjoying the advantage of the rising value of sheep coins.

Possible Scenarios and Corresponding Strategies

Since the cost and uncertainty of wolves are both high, perhaps not many players will rush to cast wolves; when wolves are relatively rare, the speed of sheep being destroyed will slow down, and the profit cycle of wolves may be delayed.

If everyone chooses not to use Sheep Dogs, they may scatter their sheep across multiple wallets to reduce the risk of being targeted for attack.

There is no fixed "best solution" in the game because the market and player actions are constantly changing; to ultimately profit, it is necessary to continuously monitor the ecological dynamics and flexibly adjust strategies.

Petroleum Finance (@Petroleum_Defi)

Petroleum City is a blockchain game themed around oil extraction. Players build, upgrade, and manage pumps to refine crude oil (cOIL) and convert it into tradable $OIL to earn profits. The core mechanisms of the game are as follows:

1. Buy a Plot: Each player can purchase and customize their own plot to establish an oil empire. Plots can be enhanced in capacity by adding pumps and decorations.

2. Buy Some Pumps: Pumps are the core production tools in the game, each continuously and automatically producing cOIL (crude oil). Pumps can be upgraded to increase output, but they will gradually decay over time and require repairs with cOIL to continue production.

3. Add Decorations: Players can decorate their plots to enhance their appearance and personal style. Suggestions for new decorations can be made through the app or Discord.

4. Refine Your $cOIL: The produced cOIL must be refined through a "refinery" to become tradable $OIL. The lock-up periods and tax rates for refining are as follows:

   • 0 - 1 day: Withdrawal not allowed.

   • 1 - 2 days: Withdrawal incurs a 10% tax.

   • 2 - 3 days: Withdrawal incurs a 5% tax.

   • Over 3 days: Tax-free withdrawal.

   The longer the refining period, the higher the returns.

Strategies and Suggestions

• Ensure Continuous Production: Keep enough cOIL for pump repairs to avoid interruptions in oil production.

• Optimize Refining Strategy: Wait until after 3 days to withdraw $OIL to avoid high tax rates.

• Balance Upgrades and Decorations: Enhance both pump capacity and decorative effects to increase overall output.

Petroleum City centers around the core loop of "producing cOIL → repairing pumps → refining into $OIL → reinvesting in upgrades." Players need to plan production, refining, and upgrading strategies wisely to steadily earn profits and grow their assets.