Sonic SVM Revamps Tokenomics with Buy-and-Lock System for Enhanced Value

Sonic SVM has introduced a significant upgrade to its tokenomics, transitioning from burning tokens to a buy-and-lock strategy that aims to create long-term value for holders. The new system replaces the previous approach of token destruction, utilizing 50% of transaction fees to purchase SONIC tokens from the market, locking them in a 24-month vesting schedule. This shift will impact fee handling and liquidity strategies within the ecosystem. The change aims to generate demand, reduce supply, and contribute to increased liquidity by incentivizing Sonic SVM liquidity providers.