{"id":432115,"date":"2023-08-22T15:46:16","date_gmt":"2023-08-22T15:46:16","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=432115"},"modified":"2023-08-22T22:15:00","modified_gmt":"2023-08-22T22:15:00","slug":"while-leading-meme-coins-see-declines-sonik-coin-surpasses-300k-in-presale-with-under-14-days-remaining","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/while-leading-meme-coins-see-declines-sonik-coin-surpasses-300k-in-presale-with-under-14-days-remaining","title":{"rendered":"While Leading Meme Coins See Declines, Sonik Coin Surpasses $300k in Presale with Under 14 Days Remaining"},"content":{"rendered":"

While top meme coin prices are faltering, the new kid on the block, Sonik Coin, has raised more than $300k  from investors to become the fastest crypto ever to reach a $100 million market cap.<\/span><\/p>\n

Although not affiliated with Sonic the Hedgehog, <\/span>Sonik Coin<\/span><\/a> is inspired by the meme and its iconic status in the cultural gaming-internet zeitgeist. Its presale has raised $307,659 at the last count – there are now less than 14 days to go before the presale ends.<\/span><\/p>\n

All meme coins seek to harness their viral potential, and in that regard, $SONIK has the chops to succeed, as indicated by the enticing website art.<\/span><\/p>\n

$SONIK Goes Viral as a Stake-to-Earn Meme Coin – 11 Billion Tokens Committed to Staking Smart Contract<\/h2>\n

However, $SONIK is a meme coin offering token holders the tangible certainty of earning staking rewards. All token holders need to do to benefit from SONIK’s stake-to-earn utility is deposit into the staking smart contract.<\/span><\/p>\n

Many early buyers are putting their funds to work immediately by choosing to ‘buy and stake’ their newly purchased tokens, even before the presale has ended.<\/span><\/p>\n

According to the data shown on the <\/span>sonikcoin.com<\/a> staking dashboard<\/span>, 11,434,202,900 tokens have so far been staked, of a total token supply of 299,792,458,000. <\/span><\/p>\n

$ SONIK’s total token supply figure might appear strangely random at first glance, but upon closer inspection, you might remember from high school that 299,792,458,000 meters per second is the speed of light.<\/span><\/p>\n

Fifty percent of the total supply is allocated to the presale, 40% to staking, and 10% to exchange liquidity. <\/span><\/p>\n

Doing the math means 7.6% of the total presale token allocations have already been staked. The project seeks to raise $2,098,547 at a token price of $0.000014. <\/span><\/p>\n

Sonik is Selling Out Rapidly; Don’t Miss the Potential Yield and Price Growth!<\/h2>\n

The current raise total of $307k represents 14% of the challenging cap goal, which means that more than half of the buyers at this stage are staking their tokens, demonstrating the attractiveness of the yield potential of the project.<\/span><\/p>\n

At the current rate, the presale could be sold out by next week, so prospective buyers need to be ‘much speedy’ in their decision-making, as Sonik jargon would have it. <\/span><\/p>\n

Stakers’ tokens are locked into the smart contract for at least seven days after staking. Staked tokens earn yield for as long as they are staked. <\/span><\/p>\n

There is no need to set the period you wish to invest in advance. Instead, withdraw from the pool after the seven-day minimum lock period.<\/span><\/p>\n

$SONIK staking rewards are distributed at a rate of 9125 $SONIK per Ethereum block over four years. How much is earned depends on the percentage of the staking pool owned and how long tokens are staked for. <\/span><\/p>\n

Along with the passive income earnings from staking, investors will also benefit from capital appreciation when the coin price rises, which, in turn, magnifies the value of the staking rewards.<\/span><\/p>\n

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Must complete list pic.twitter.com\/rWC3mcChwQ<\/a><\/p>\n

— SONIK COIN (@Sonikcoin) August 17, 2023<\/a><\/p><\/blockquote>\n