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Alejandro Arrieche
Author
Alejandro Arrieche
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Sonic SVM, the developers of one of the first tap-to-earn (T2E) games available on TikTok, announced that users of the video-sharing platform will also be eligible to receive a portion of its $SONIC airdrop.
In a relatively short period, the SonicX game managed to attract over 1 million users after a month of its launch. Meanwhile, once they announced that TikTok users would qualify for the airdrop, they brought in another one million active users.
The launch of $SONIC is part of a move to expand the ecosystem of this layer-two project. To participate in the airdrop, users just have to download the app and log in to the social media platform.
“SONIC will act as the main currency within the Sonic SVM ecosystem. We aim to onboard billions of TikTok users into the Solana ecosystem and Web3 through our TikTok Chain,” commented the founder of the protocol, Chris Zhu.
The snapshot date has not been announced yet but the developing team emphasized that it will be soon. As a result, users have frantically been signing in to be eligible to receive some tokens.
T2E Games like SonicX Attract Millions of Users for Their Simplicity
The success of the Notcoin (NOT) Telegram-based T2E game and its corresponding airdrop earlier this year paved the way for SonicX. Currently, the NOT token has a market capitalization of $705 million.
One of the reasons for the success of this type of gamve is their simplicity. SonicX onboards users easily and rapidly and allows them to start earning points right away.
Meanwhile, the Sonic SVM sees SonicX as proof-of-concept of how its layer-two blockchain can host games and other decentralized applications. They recently announced the launch of new games including Hunting Field and FoMoney.
One of the challenges that airdrops have been facing lately involves dealing with farmers. These are speculators who engage and interact with protocols right before their token generation event (TGE) to take advantage of the short-term price spike that typically follows.
Protocols have tried different strategies to reduce the chances that sybil wallets and farmers get the largest allocations but they have failed in most cases as it is hard to screen out these addresses without leaving out true supporters in the process as well.
The success of Notcoin on Telegram could be extrapolated to SonicX on TikTok. If that turns out to be the case, the upcoming airdrop could be considered an attractive investment opportunity.
With a user base of 2.35 billion, TikTok is fertile ground for this kind of game. “SONIC will act as the main currency within the Sonic SVM ecosystem. We aim to onboard billions of TikTok accounts into the Solana ecosystem and Web3 through our TikTok Chain,” Zhu further emphasized.
This Layer-Two Solana Protocol is Already Offering its Token in Presale
The Sonic SVM offers an appealing value proposition but this project is already in presale stage and investors and going crazy about it.
The name of this project is Solaxy and it has already raised over $5 million in its presale. At this stage, each token is priced at $0.001578. However, this discounted price will only be available for less than 37 hours.
Many aspects of Solaxy are attractive. First, it offers to solve the congestion issue that has been affecting the efficiency of the Solana mainnet recently amid the rise of meme coins. To achieve this, Solaxy bundles transactions offline and reduces the number of blocks that the Solana network has to validate and record on the main ledger.
In addition, the protocol offers handsome staking rewards to $SOLX holders that currently stand at 784%. This is another reason why the presale has attracted so much interest in just a few days.
To buy $SOLX, simply visit the official website of Solaxy and connect your wallet. If you don’t have a wallet, Best Wallet currently offers the best features including a powerful tool to spot nascent projects in early stages like this layer-two Solana protocol.
You can convert USDT, ETH, or BNB to buy $SOLX or you can use a bank card as well. Once the current offer expires, the token will be offered at a higher price so don’t miss the chance to get on board now.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
