The presale for Sonik Coin ($SONIK) recently blazed past the $750,000 milestone today as investors rush to the passive-income meme coin that provides an impressive APY for its stakers.
Sonik Coin is touted as the next meme coin in line to provide a speedy 10x return for early adopters due to its unique Stake-2-Speed mechanism.
Experts believe that most of the $SONIK supply will be locked in the staking contract – over 50% of the presale purchases are already staked – meaning newcomers will be forced to pay much higher prices once the token is launched.
Here’s everything you need to know about this new meme coin on a mission to hit a $100 million market cap.
Sonik Coin ($SONIK) Raises $750,000 in Epic Presale.
The presale for $SONIK started in mid-August, one of the cryptocurrency markets’ most turbulent periods in 2023.
Still, the presale managed to raise over $750,000 during this period, demonstrating the extraordinary level of hype building behind this project.
Investors are rushing to this meme coin due to its charming character recreation, the potential to go viral, and impressive APY returns.
The project is described as the moronic and stupid recreation of SEGA’s most renowned gaming character – Sonic the Hedgehog.
Meme coins have had a great year piggybacking off of famous characters, and Sonik has the potential to go viral as it’s based on one of the world’s most beloved characters.
However, Sonik is different from his perfectly designed counterpart.
Instead of a streamlined figure, Sonik is awkward-looking, with an oddly shaped head that keeps making him fall over.
Furthermore, instead of collecting rings like his doppelganger, Sonik collects $SONIK tokens to fuel his capitalistic ego.
Sonik wants to use his deceptive speed to turn $SONIK into the fastest-growing meme coin to go from a $0 to $100 million market cap value in record time.
Sonik Coin has implemented a unique staking mechanism dubbed Stake-2-Speed to achieve this.
Unique Staking Mechanism Has Experts Believing $100 Million Market Cap is On The Table.
The unique Stake-2-Speed mechanism has experts believing that a $100 million market cap is on the table.
🚀💨 $SONIK: The #Crypto meme #Token setting speed records! 🦔
Target: 100M market cap 🎯
Join the presale now!
👉 https://t.co/s1fTdXDQCK#MemeCoin #Web3 pic.twitter.com/RvrB2rxicr— SONIK COIN (@Sonikcoin) August 19, 2023
This is because they believe that most of the $SONIK supply will be locked in the staking contract, meaning there will be a considerable shortage of $SONIK to purchase on the open market.
As a result, newcomers who want to get positioned after the presale will be forced to pay higher prices, as most tokens will be locked in the staking contract.
The Stake-2-Speed utility is groundbreaking because it’s the first that allows investors to purchase $SONIK and stake them simultaneously – even before the presale has ended.
This means that investors can already send their tokens to the staking contract, and most have already done that.
According to the staking dashboard, 26 billion $SONIK tokens have already been staked – providing an impressive 92% APY for stakers who lock their tokens for at least seven days;
If you’re worried about the security of the staking contract, have no fear. The team has already audited its smart contracts, and they’ve been proven to be 100% secure.
0xGuard, a well-respected security firm in the industry, has audited the contract, adding an extra layer of credibility to the project – you can view the results on the website.
This unique staking mechanism has experts believing that the token could easily provide over 100x returns for early adopters;
Brilliant Tokenomics Designed For Sustainable Rewards and Growth
Interestingly, the total $SONIK supply is set at 299,792,458,000.
Why?
Well, Sonik can run at the speed of light, which is 299,792,458,000 m/s – therefore, there are just under 300 billion $SONIK tokens in circulation.
Forty percent of these tokens will already be locked in the staking contract to provide rewards for the next four years.
As a result, almost half are already locked away from the open market – helping to create a supply shortage.
Another fifty percent of the total supply is being sold in the presale at a price of $0.000014.
Therefore, the presale aims for a very modest market cap value of just $2.1 million.
Once the presale ends, the total market cap for the project will be just over $4 million – providing exceptional room for growth.
However, you need to remember that almost half of the tokens will already be locked away, making reaching a 10x return for investors even easier.
The remaining ten percent of the total supply is reserved to add liquidity to the DEX, which will be locked by TeamFinance to provide a secure and fluid trading environment.
Overall, these tokenomics are expertly crafted to provide sustainable rewards and epic growth potential for the project.
Buy Today Before Presale Ends and $SONIK Trends.
With $750,000 worth of $SONIK already snapped up, almost half of the allocated presale supply has already been snapped up – showing the building momentum behind this meme coin with viral potential.
Interestingly it’s understood that the marketing team behind Sonik Coin might have had a hand in the spic SpongeBob ($SPONGE) surge earlier this year – which surged by over 80x after its DEX launch.
If true, we can expect big things from $SONIK.
🚀 $SONIK‘s taking off! 🦔⚡️
Claim your seat 👉 https://t.co/s1fTdXDQCK pic.twitter.com/vrr9XLdfOa
— SONIK COIN (@Sonikcoin) August 17, 2023
In addition, as the token is based on Sonic the Hedgehog, it’s unsurprising to learn that the meme coin is gaining traction in the Asian regions.
The project has already created Japanese, Chinese, and Korean versions of the website to capitalize on the potential popularity of the meme coin in these regions, helping the project reach a wider audience.
With almost half of the presale already bought, time is quickly running out to get positioned in this brilliant meme coin – capable of producing speedy returns.
In fact, there are just six days left in the presale, so you’ll have to be quick to get posted.
To purchase the token, head to the Sonik Coin website and convert ETH or USDT. You can then claim your tokens before the Uniswap DEX listing when the presale is complete or earn a passive income through Stake-2-Speed.
Once the token launches, expect to pay much higher prices to get positioned in $SONIC.
