What is the utility of the SONIC token?
Sonic SVM has 6 primary token utilities:
- Governance: SONIC holders can participate in protocol governance and influence network decisions.
- Gas Fee: SONIC is used to pay transaction fees when interacting with Sonic SVM games and applications.
- Medium of Exchange: SONIC is used within Sonic games as the in-game currency for rewards and transactions.
- Staking (DPoS): SONIC can be staked with validators on Sonic SVM to help secure the network and earn rewards.
- Medium of Payment: Users can utilize SONIC to make payments across apps and games built on the Sonic platform.
- Access / Feature Unlock: Spending SONIC can unlock access to specific game features and experiences in the Sonic ecosystem.