Can New Crypto Presale Sonik Coin 50x? This Stake to Earn Meme Coin Expects a Race to $100M MCAP
Tuesday, August 15, 2023 – Sonik Coin is the newest meme coin cryptocurrency, and it aims to be the fastest crypto to reach a $100 million market cap.
Inspired by the Sonic the Hedgehog character, Sonik is a riotously funny meme coin with a difference – it is a stake-to-earn coin where depositors into its staking smart contract receive rewards for sticking with the project.
The Sonik coin project offers a juicy annual percentage yield (APY) for its stakers to help boost $SONIK’s quest to reach the moon. Sonik is the world’s first stake-to-speed crypto!
Buyers can start staking and earning right now. Of the total token supply, 40% has been allocated to community staking rewards, to be paid out over four years.
At the time of writing 90 million $SONIK tokens have already been staked at an APY of 26,648%, although that rate will reduce as more stakers deposit into the smart contract.
The team has set a modest low-cap target of only $2 million ($2,098,547), so expect this coin to sell out sooner rather than later.
The staking concept is burrowing its way deep into the meme coin and ‘version 2’ themed coin space.
A new coin called BTC20, which has recreated the block production history of bitcoin on Ethereum by going back in time to 2011 when BTC was valued at $1, has seen a massive take up of its staking service.
Approximately two-thirds of BTC20 token holders are staking their bags. Minutes into its listing, BTC20 went up in price 6x.
There’s no reason why Sonik could not repeat that staking achievement, providing prospective buyers with another selling point to consider when making their purchase decision.
Also, the staking utility means there will be far less selling pressure on the coin when it launches on the Uniswap
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