The speedy recent meme coin Sonik Coin (SONIK) has exploded past $1.35 million in its presale after launching lower than three weeks ago.
Now, investors are poised with just 20 hours remaining to purchase $SONIK at its presale price or face buying it on the open market after its initial exchange offering (IEO).
With little time remaining, investors have begun piling into the presale at sonikcoin.com, opening the door to a possible sell-out attributable to its $2,098,547 hard cap.
The project will probably be listed on Uniswap, with rumors circulating it could go live as early as next week.
Certainly one of the important reasons for Sonik Coin’s successful presale is its unique Stake-to-Earn mechanism offering holders passive rewards with a generous annual percentage yield (APY) on their $SONIK tokens.
What Is Sonik Coin?
Sonik Coin is a newly launched meme coin inspired by the Sonic the Hedgehog franchise. The project has no official affiliation to the franchise but simply pays homage to it, establishing a nostalgic allure.
In keeping with its website, Sonik Coin goals to be the fastest meme coin to achieve a $100 million market cap. Considering the giants that stand before it, like Pepe and Shiba Inu, this isn’t any easy task.
Nevertheless, Sonik Coin’s growing presale success signifies a thriving and engaged community, which is able to likely carry over following its IEO. Visit the Sonik Coin Telegram channel to remain updated on the project’s latest announcements.
Stake-to-Earn
Sonik Coin’s premier feature is its Stake-to-Earn mechanism, offering holders passive rewards by simply staking tokens within the project’s smart contract. When writing this, the project offers a formidable 56% APY on staked tokens.
Sonik Coin 3
Moreover, the Sonik Coin staking dashboard shows that over 42,000,000 $SONIK are staked, almost 25% of its current circulating supply.
As the quantity of $SONIK tokens staked increases, the APY will drop. Nevertheless, the project has a four-year vesting schedule to make sure its long-term health. Also, more tokens within the staking pool will add to the token’s scarcity, potentially benefitting its price.
Stake-to-Earn has proved a hot topic these days, with the favored Stake-to-Earn BTC20 doing a 6x following its presale.
Analysts Forecast 100x Gains
In addition to catching the attention of meme coin investors, Sonik Coin has been touted by many distinguished industry analysts.
In keeping with YouTube analyst and trader Michael Wrubel (300K subscribers), Sonik Coin could do a 100x following its presale. The video highlights that Sonik Coin is well-positioned to pump attributable to the continuing broader market conditions.
One other popular analyst, Jacob Bury (21K subscribers), predicts a 10x for Sonik Coin, calling it a Pepe alternative and highlighting its Stake-to-Earn feature as its important draw.
Meanwhile, Crypto Gains (107K subscribers) estimates a 20x for the meme coin. The evaluation compared Sonik Coin to HarryPotterObamaSonic10Inu, which recently exploded to a $140 million market cap a few months after launching.
Community-Focused Tokenomics
The ultimate piece to the Sonik Coin project is its long-term, community-centric tokenomics. It has a complete supply of 299,792,458,000 (incidentally the speed of sunshine), with 50% of tokens available within the presale, 40% allocated to staking, and 10% for liquidity to enable seamless trading.
Sonik Coin’s entire presale has taken place at a single price of $0.000014, providing all investors an equal opportunity to purchase $SONIK and inspiring community solidarity.
Finally, 0xGuard conducted a Sonik Coin audit to check the project’s security. Ultimately, the auditor reported that Sonik Coin is secure attributable to no malicious findings.
With just 21 hours until the presale ends, potential investors should be quick to secure their $SONIK tokens. Alternatively, you’ll be able to buy them on the open market after its Uniswap exchange launch, but at a potentially higher price.
Visit Sonik Coin Presale