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Sonic Labs Proposal: Launching US Operations Community Vote to Determine Parameter Adjustments
On August 21, Sonic Labs released a community proposal indicating the intention to launch Sonic USA LLC to start its operations in the United States, hire a CEO for Sonic USA and a complete team in the U.S., establish an office in New York, and offer performance-based employee incentive programs. Meanwhile, the company plans to enhance long-term deflation through a Gas fee mechanism.
Community members will vote to decide on the adjustment of network parameters: approval to issue tokens for a $50 million ETF allocation; $100 million Nasdaq PIPE development; 150 million S tokens for Sonic USA, or outright rejection of the above parameter adjustments.